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BofA expects investment banking revenue to climb 10% to 15% in 1Q

FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City
April 26, 2024
Saeed Azhar - Reuters

By Saeed Azhar

NEW YORK (Reuters) - Bank of America expects its investment banking revenue to rise by 10% to 15% in the first quarter from a year earlier, while its net interest income could come in on the high end of its forecast range, its chief financial officer said on Wednesday.

"We've had better capital markets activity, you can see that just in the deal flow," BofA's finance chief Alastair Borthwick said at a financial conference.

(Reporting by Saeed Azhar, editing by Lananh Nguyen)

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