Fed Likely to Keep Rates Steady for Now: Is BAC Stock Worth a Look?

Bank of America (BAC) is one of the most interest rate-sensitive among big banks. So, when the Federal Reserve lowered the interest rates by 100 basis points last year, the company’s net interest income (NII) benefited from it. Fixed-rate asset repricing, higher loan balance and gradual decline in deposit costs drove the sequential increase in NII since the second quarter of 2024, which was partly offset by lower interest rates.Bank of America’s Net Interest Income Image Source: Bank of America Corp.The cen ...