Bank of America Anticipates Record Net Interest Income in 2025
NEW YORK (Reuters) - Bank of America expects to achieve record net interest income (NII) in 2025. Holly O'Neil, head of the bank's retail banking unit, disclosed this during a UBS financial services conference on Tuesday.
O'Neil stated, "We anticipate record NII in 2025, with growth projections of 6% to 7%, wherein the consumer segment will contribute significantly."
By the fourth quarter of 2025, the bank anticipates NII, which is the difference between loan earnings and deposit payments, to reach $15.5 billion to $15.7 billion.