Bank of America Corp expects a 'big bump' in the income it earns from rising interest rates, its chief executive officer told investors at a conference on Monday.
A Bank of America logo is seen in New York City, New York, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photoexpects a "big bump" in the income it earns from rising interest rates, its chief executive officer told investors at a conference on Monday.
"We're going to get a big bump in NII," Brian Moynihan said, referring to net interest income, a closely watched measure of how much money banks make from lending. "We'll grow revenue faster." Bank of America, the nation's second-biggest lender, stands to benefit from rising interest rates because it can charge more for customer loans. The Federal Reserve has delivered back-to-back 75-basis-point rate hikes, and contracts in futures markets tied to Fed expectations predict a third increase of that magnitude.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
What 2022 Bank of America Chicago Marathon Runners Need to KnowAre you one of the thousands of runners bracing to hit the streets for the 44th Bank of America Chicago Marathon? From the course to COVID-19 policies, here are some things you need to know about the event ahead of race day, which falls Oct. 9.
Leer más »
How Long Does it Take to Run the Bank of America Chicago Marathon?The 2022 Bank of America Chicago Marathon will send runners an extensive course weaving through the Windy City that stretches 26.2 miles. Given the race’s lengthy distance, some may be wondering how long it will take participants to round out their trip.
Leer más »
Bank of America Says the Ethereum Blockchain’s Upgrade May Lead to Greater Institutional Adoption of EtherInvestors who are barred from buying tokens that run on proof-of-work systems may be able to buy ether after the blockchain switches to proof-of-stake, the bank said.
Leer más »
Bank of America CEO pushes back on criticisms of zero-down mortgages for minority communitiesBank of America Chief Executive Officer Brian Moynihan joined 'Special Report' for a wide-ranging interview, where he spoke on the topic of zero-down mortgages.
Leer más »
Harmony Bank, Texas Brand Bank merging into a community-focused lenderThe North Texas-based companies say the merger creates a state-chartered bank with over $700 million in assets and 11 offices.
Leer más »
2022 Bank of America Chicago Marathon Spectator's Guide: What to Know if You're Cheering on a RunnerAs race day draws closer for the 44th Bank of America Chicago Marathon, you can start your preparations — even if you’re not the one running Oct. 9.
Leer más »