BofA profit beats expectations on trading boost, sees higher 2025 interest income
By Arasu Kannagi Basil and Saeed Azhar (Reuters) -Bank of America's profit beat expectations on Thursday as its traders benefited from a flurry of activity in the fourth quarter while the lender predicted it would earn more interest income in 2025.
BofA Investment Bankers Boost Earnings as Lending Income Rises
Bank of America Corp. posted fourth-quarter profit that topped analysts’ estimates as investment-banking fees hit the highest in three years and net interest income outperformed forecasts.
BofA Q4 profit jumps on trading boost, sees higher 2025 interest income
The earnings mirror those of rivals across Wall Street including JPMorgan, Goldman Sachs, Wells Fargo , and Citigroup, whose results were buoyed by stronger equity markets
BNY quarterly profit beats estimates on higher fee income boost; shares jump
BNY beat profit estimates for the fourth quarter on Wednesday as it earned higher investment services fees from its clients, sending its shares up 4.1% to $79.06 in premarket trading.
Bank of America tops estimates on better-than-expected investment banking, interest income
CNBC's Leslie Picker joins 'Squawk Box' to report on the company's quarterly earnings results.
Bank of America Investment Banking Fees Boost 4Q Profit
Bank of America Corp. topped analysts' estimates for fourth-quarter profit as investment-banking fees hit the highest in three years and net interest income outperformed forecasts. Manus Cranny and Sonali Basak break down the numbers on Bloomberg Television.
BofA profit jumps on trading boost, sees higher 2025 interest income
Bank of America reported higher profit on Thursday as its traders benefited from a flurry of activity in the fourth quarter while the lender predicted it would earn more interest income in 2025. The earnings mirror those of rivals across Wall Street including JPMorgan,
PNC Financial's profit rises on interest income growth, lower rainy-day funds
PNC Financial on Thursday reported a higher fourth-quarter profit as it earned more in interest payments and set aside less ...
Wells Fargo Pins Decline in Net Interest Income on Lower Rates
Wells Fargo said fourth-quarter net interest income, a key metric for banks, fell 7% to $11.8 billion in the quarter from $12 ...
Big interest earnings from COVID grants were kept out of CT budget since 2021
The Treasurer’s Office did not properly move the interest earnings to CT’s General Fund until a few weeks ago, Lamont’s ...
JPMorgan Chase's net interest income dips 3%
JPMorgan Chase said its fourth-quarter net interest income dropped by 3% of $23.35 billion. The consolidated bank's interest rate spread narrowed to 1.95% in the fourth quarter from 2.03% a year ...
Here’s The Fed’s 2025 Meeting Schedule And What To Expect For Interest Rates
The Fed is expected to cut interest rates in 2025, perhaps two or three times, with greater uncertainty for the second half ...
Wells Fargo's profit beats on dealmaking rebound as it raises interest income forecast
Wells Fargo's profit beat expectations in the fourth quarter powered by a rebound in dealmaking activity and forecast it ...
PNC Financial 4Q Revenue Increases as Fee Income, Net Interest Income Grow
PNC Financial Services reported higher revenue in its latest quarter driven by a jump in fee income and net interest income. The Pittsburgh bank logged net income of $1.63 billion, or $3.77 a share, ...