High Rates, Loans, IB to Support BofA's (BAC) Q1 Earnings

Bank of America (BAC) is scheduled to report first-quarter 2024 results on Apr 16, before the opening bell. Despite being the most interest rate-sensitive among its peers, the increase in the company’s net interest income (NII) is likely to have been subdued in the quarter.The Federal Reserve kept the interest rates unchanged in the quarter at a 22-year high of 5.25-5.5%. This is likely to have aided BAC’s NII and net interest margin (NIM). But the company’s billions of dollars’ worth of long-dated Treasuri ...