net interest income
BofA Sees Net Interest Income Growth Slowing
Interest rate expectations "have been lowered, plus we have some seasonal headwinds in Q2," CFO Paul Donofrio says.
Wells Fargo Shares Dip 3% on Profit Outlook
The bank's Q1 earnings beat estimates but it reduced its net interest income guidance for 2019 to a 2% to 5% decline.
Bank of America’s Profit Jumps 32%
BofA's consumer banking, global markets, and wealth management divisions drove performance in the third quarter.
Banks Making a Bundle
“The current economic expansion is the second longest on record, and the nation’s banks are stronger as a result," said the FDIC chair.
U.S. Banks See Slower Loan Growth, Higher Charge-Offs
However, a higher federal funds rate boosted net interest income at large banks, leading to a 12.7% rise in profits.