BofA beats loan-revenue estimates amid rising rates
Net interest income rose 24% in the third quarter as the bank reaps the benefits of the Fed's interest rate hikes.
Bank of America Corp. reported its highest quarterly net interest income in at least a decade as the lender reaps the benefits of the Federal Reserve’s interest-rate hikes and debt traders beat analysts’ estimates.
Net interest income, a key source of revenue for the bank, rose 24% to $13.8 b
Learn more about reprints and licensing for this article.
