Bank of America expects first-quarter net interest income to grow by at least 7% year-over-year

2026-03-10 22:29:07

Abstract generation in progress

Investing.com – U.S. Bank (NYSE:BAC) Co-President Athanasia said at the RBC conference on Tuesday that the bank’s net interest income in the first quarter increased by at least 7% year-over-year.

Athanasia stated that the bank’s wealth management fees achieved double-digit growth in the first quarter. Investment banking revenue grew 10% during this period, while market business revenue increased in the low double digits.

U.S. Bank observed that consumer spending on entertainment and travel increased compared to last year.

In other areas of the financial sector, Synchrony Financial (NYSE:SYF) CFO Brian Wenzel said at the same conference that the company expects tax refunds to increase by $500 to $1,000.

Citizens Bank executives outlined plans to deploy AI agents to handle 50% of customer calls, said President Coughlin at the RBC conference. Citizens executives concluded their remarks at the conference.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes