High Rates, Loans, IB, Trading to Aid BofA (BAC) Q4 Earnings

Bank of America (BAC) is slated to report fourth-quarter and full-year 2023 results on Jan 12, before the opening bell. Despite being the most interest rate-sensitive among its peers, the company’s net interest income (NII) is less likely to have improved in the fourth quarter.Though the Federal Reserve did not raise rates in the quarter, the policy rate stands at a 22-year high of 5.25-5.5% at present. This is likely to have aided BAC’s NII and net interest margin (NIM). But the company’s billions of dolla ...