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Bank Of America’s Traders Boast Best Quarter In Years
Bank of America on Tuesday turned in decent results that beat where it counted, although higher expenses and the characteristically prosaic nature of the report had the potential to give investors pause or at least mute the market response.
Most importantly, net interest income beat, at $14.19 billion. That was down 3% YoY but up sequentially. Consensus was looking for a little under $14 billion.
The bank cited higher deposit costs for the YoY decline. The increase from Q4 came courtesy of bet
I might be late here but has AI been used by Quants/Hedge Funds to design new algorithms trade and did it show good results?
I made money (almost) every single day in Q1, too. Let’s see how BofA traders do in Q2.