UK Markets closed
  • NIKKEI 225

    28,455.60
    +702.20 (+2.53%)
     
  • HANG SENG

    23,983.66
    +194.76 (+0.82%)
     
  • CRUDE OIL

    71.73
    -0.32 (-0.44%)
     
  • GOLD FUTURES

    1,784.90
    +0.20 (+0.01%)
     
  • DOW

    35,719.43
    +492.40 (+1.40%)
     
  • BTC-GBP

    37,958.68
    -678.31 (-1.76%)
     
  • CMC Crypto 200

    1,308.39
    -133.37 (-9.25%)
     
  • Nasdaq

    15,686.92
    +305.62 (+1.99%)
     
  • ^FTAS

    4,178.76
    +114.87 (+2.83%)
     

4 Reasons to Like Bank of America's Recent Earnings Results

·4-min read
4 Reasons to Like Bank of America's Recent Earnings Results
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Bank of America (NYSE: BAC) climbed nearly 5% on Oct. 14 after the second-largest bank by assets in the U.S. reported third-quarter earnings results that beat expectations. Here are four reasons why the market liked Bank of America's Q3 results. While there was some loan growth in the quarter, net interest income benefited from an additional day in the quarter, more deposit growth, lower premium amortization expense, and more than $300 million of interest income from Paycheck Protection Program loans.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting