Bank of America reaffirmed its full-year guidance for Net Interest Income (NII) at the Bernstein Strategic Decisions Conference on May 27. The bank expects this key revenue metric to grow between 6% and 8%.
Executives attributed the optimistic outlook to robust consumer spending and stable employment levels. Strong credit quality also supports the bank's projections.
Growth in core loans and deposits underpins confidence in the forecast. The bank previously raised these targets during its first-quarter earnings report in April.