Bank Of America CFO Says It Is Raising Net Interest Income Forecast In 2023 To Up About 9%
Portfolio Pulse from Benzinga Newsdesk
Bank of America's CFO has announced that the bank is raising its net interest income forecast for 2023 by approximately 9%, according to Reuters.

October 17, 2023 | 1:03 pm
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Bank of America's raised net interest income forecast for 2023 could indicate a positive financial outlook, potentially impacting its stock positively.
The raised net interest income forecast indicates that Bank of America expects to earn more from its lending activities in 2023. This could be due to expected higher interest rates or increased lending volume. Either way, it suggests a positive financial outlook, which could lead to increased investor confidence and a potential rise in the bank's stock price.
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