Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5976
    -0.0029 (-0.49%)
     
  • NZD/EUR

    0.5534
    -0.0009 (-0.16%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.01
    +1.66 (+2.04%)
     
  • GOLD

    2,240.20
    +27.50 (+1.24%)
     
  • NASDAQ

    18,285.32
    +4.48 (+0.02%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,833.97
    +73.89 (+0.19%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • NZD/JPY

    90.4250
    -0.3550 (-0.39%)
     

Core Banking Could Rise Further for Bank of America in 1Q18

Core Banking Could Rise Further for Bank of America in 1Q18

Bank of America’s (BAC) core Consumer and Business Banking segment continues to benefit from higher interest rate spreads, strong penetration, and growing economy. Higher operating cash flows with corporates and a lower unemployment rate have been instrumental in the growth of deposits across the sector (XLF). J.P. Morgan (JPM), Bank of America (BAC), and Citigroup (C) have managed 1%–4% growth in total loan book in 2017.