Bank of America shares jump 5% after saying net interest income rebound is coming
Publishing timestamp: 2024-07-16 10:15:01
Summary
Bank of America reported earnings and revenue that topped expectations, with a rise in investment banking and asset management fees. The firm's net interest income is expected to increase later this year, giving investors confidence in a turnaround. Other big banks like JPMorgan Chase, Wells Fargo, and Citigroup also exceeded expectations for revenue and profit.
Sentiment: POSITIVE
Tickers: GS, C, WFC, JPM, BAC,
Keywords: business news, citigroup inc, banks, jpmorgan chase & co, business, breaking news: markets, breaking news: earnings, goldman sachs group inc, wall street, breaking news: investing, investment strategy, earnings, bank of america corp,
Source: https://www.cnbc.com/2024/07/16/bank-of-america-bac-earnings-q2-2024.html