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BofA expects rising interest income, investment banking fees in first quarter

Kitco Media
By Reuters
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Reuters
BofA expects rising interest income, investment banking fees in first quarter teaser image

NEW YORK, March 10 (Reuters) - Bank of America (BAC.N), opens new tab ​expects net interest income ‌to grow 7% and investment banking to ​climb 10% in ​the first quarter, its ⁠Co-President Dean ​Athanasia said on Tuesday.

Global ​markets revenue will rise by a low double-digit percentage ​this quarter, ​leading to 16th consecutive quarter ‌of ⁠year-on-year growth, he told a conference in New York.

Financial stocks rebounded ​Tuesday ​after slumping ⁠earlier in the week after ​the U.S.-Israeli war ​with ⁠Iran pushed oil prices higher and ⁠weighed ​on global ​equities.

Reporting by Saeed Azhar, ​editing by Lananh Nguyen

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