Bank of America Rides on Rate Cuts & Expansion Amid Weak IB Fees

Bank of America (BAC) remains well-poised for growth on decent loan demand, solid deposits and rate cuts. Also, the opening of new financial centers and improving digital capabilities drive its top line. However, investment banking (IB) fee income growth challenges and muted trading revenues are major near-term concerns.Tailwinds for BACRate Cuts to Aid Net Interest Income: BofA’s net interest income (NII) and net interest yield are expected to witness improvement going forward on the back of rate cuts impl ...