Bank of America Net Interest Income Rises 8% to $16.4 Billion
Net interest income rose year over year in the third quarter, as loans and leases grew 7% to $1.25 trillion and deposits increased 2% to $2.04 trillion. Net interest yield rose 15 basis points to 2.16%.
Bank of America's net interest income climbed 8% year-over-year to $16.4 billion in the third quarter, driven by expanding loan and deposit balances. Total loans and leases grew 7% to $1.25 trillion, while deposits rose 2% to $2.04 trillion. Net interest yield increased 15 basis points to 2.16%, re…