Advertisement
New Zealand markets open in 55 minutes
  • NZX 50

    11,800.78
    -20.00 (-0.17%)
     
  • NZD/USD

    0.6005
    -0.0006 (-0.11%)
     
  • ALL ORDS

    8,065.50
    +113.20 (+1.42%)
     
  • OIL

    78.33
    -0.15 (-0.19%)
     
  • GOLD

    2,322.10
    -9.10 (-0.39%)
     

BAC’s Balance Sheet Expanded with Strong Credit Quality

BAC’s Balance Sheet Expanded with Strong Credit Quality

Bank of America’s (BAC) total assets grew ~2.4% YoY (year-over-year) in the third quarter and reached ~$2.34 trillion. This increase was driven by higher deposits, new assets, and rate spreads.