3 Important Things We Just Learned From Bank of America
Bank of America(BAC) The Motley Fool·2024-04-18 10:50
Do the results suggest a recession is coming?Bank of America (BAC 1.59%) reported first-quarter earnings earlier this week, and there were several important things to note. Although the bank's results topped analyst expectations, its stock fell after its report.Below, I'll dive into those metrics and why they could be important to keep an eye on.1. Net interest income remains under pressureBank of America's net interest income (NII) fell 3% in the quarter to $14.2 billion on a fully taxable equivalent basi ...