Bank of America [BofA] reported steady financial results with average loans flat QoQ and NII above estimates. Sales & Trading was up YoY, driven by FICC, while Equities was down YoY. Combined spending was up YoY, and risk-adjusted margin decreased QoQ. CET1 increased QoQ, and BofA remained above their required minimum. Deposit growth had an average balance down YoY. The HTM book improved but remained in a loss position. BofA beat estimates on higher fees and had a lower loss provision. However, deposits were down, and investors were likely not satisfied with BofA's performance on the deposit front.
المحتوى هو للمرجعية فقط، وليس دعوة أو عرضًا. لا يتم تقديم أي مشورة استثمارية أو ضريبية أو قانونية. للمزيد من الإفصاحات حول المخاطر، يُرجى الاطلاع على إخلاء المسؤولية.
BofA Steady Results
Bank of America [BofA] reported steady financial results with average loans flat QoQ and NII above estimates. Sales & Trading was up YoY, driven by FICC, while Equities was down YoY. Combined spending was up YoY, and risk-adjusted margin decreased QoQ. CET1 increased QoQ, and BofA remained above their required minimum. Deposit growth had an average balance down YoY. The HTM book improved but remained in a loss position. BofA beat estimates on higher fees and had a lower loss provision. However, deposits were down, and investors were likely not satisfied with BofA's performance on the deposit front.