NEW YORK, March 10 (Reuters) – Bank of America 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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