Bank of America CEO: We feel good about the business pipeline as dealmaking pick up

Core Viewpoint - Bank of America reported a strong third quarter with a 43% increase in investment banking revenue, indicating robust growth and a positive outlook for future deal-making activity [1][3]. Group 1: Investment Banking Performance - Investment banking revenue surged by 43% during the quarter, attributed to successful client engagement across various sectors, including large multinationals and middle-market clients [1][2]. - The current pipeline is described as full, with active customer engagement and a growing momentum for deal-making [3][4]. Group 2: Financial Performance - Net interest income increased by 9%, surpassing analyst expectations, driven by growth in loans and deposits [4]. - The company anticipates continued growth in net interest income, projecting a growth rate of about 5% to 6% year-over-year [6]. Group 3: Credit Quality and Risk Management - Bank of America reported a decrease in net non-performing loans and criticized loans, indicating improved credit quality [9][12]. - The company maintains a low loss rate of 40 basis points, comparable to historical lows, reflecting strong credit quality across its portfolio [12][14]. - The bank employs rigorous internal and external assessments to ensure sound credit practices, contributing to its confidence in credit quality [10][14].