Bank of America (BAC, Financial) anticipates reaching a record level of net interest income (NII) by 2025, according to the head of its retail banking division. Speaking at the UBS Financial Services Conference, the executive projected a growth rate of 6% to 7%, with consumer contributions playing a significant role.
In the fourth quarter of 2024, Bank of America reported a net interest income of $14.36 billion, marking a 3% increase year-over-year. This figure surpassed market expectations, which were set at $14.12 billion. The bank previously forecasted that by the fourth quarter of 2025, the difference between its loan income and deposit income, or NII, would rise to between $15.5 billion and $15.7 billion.
