Bank of America Projects Q4 NII, IB & Wealth Management Fees to Rise
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Bank of America anticipates growth in investment banking, net interest income, and wealth management fees for Q4 2024. The bank also provided updated guidance for loans and deposits.
December 12, 2024 | 4:45 pm
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Bank of America expects an increase in investment banking, net interest income, and wealth management fees in Q4 2024, along with new guidance for loans and deposits.
The announcement of expected growth in key revenue areas such as investment banking, net interest income, and wealth management fees is likely to positively impact BAC's stock price. The updated guidance for loans and deposits further supports a positive outlook for the bank's financial performance.
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