Bank of America Corporation (BAC) Says Q1 Net Interest Income Is Tracking at Least 7% Higher Year Over Year

Group 1 - Bank of America Corporation (NYSE:BAC) is identified as one of the 12 most undervalued financial stocks to buy now [1] - The co-president of Bank of America, Dean Athanasia, reported that first-quarter net interest income is tracking at least 7% higher year over year [1][7] - Investment banking revenue is expected to rise about 10%, while the Markets segment is up in the low-double-digit range [1] Group 2 - Bank of America plans to deploy approximately $25 billion into private-credit transactions to expand its direct-lending platform [2] - The bank intends to originate these transactions through its capital markets unit within the investment banking division [2] Group 3 - Bank of America announced the launch of BofA Rewards, a no-fee loyalty program, starting May 27, 2026 [3] - Millions of clients will be able to enroll and access benefits across eligible credit cards, cash back deals, banking services, and curated experiences [3] - Members could potentially receive between $150 and $4,000 in annual value depending on membership tier and engagement [3] Group 4 - Bank of America Corporation provides financial products and services to individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide [4]