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.