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Cautious Tone From BofA Feels Somewhat Ominous
It was all about net interest income for Bank of America's Q4 results, and the verdict was... well, about what you'd expect.
NII was $14.7 billion in Q4, up 29%. The FTE print ($14.8 billion) was actually a miss, and on the call, Alastair Borthwick described NII in Q4 as less favorable than anticipated.
Still, the growth rate is a spectacle. It's gone from 9% to 11% to 13.5% to 21% to 24% and now nearly 30%.
Borthwick said NII would likely be $14.4 billion in Q1, but declined to guide beyon
