Bank of America's net interest income rises 4% in the third quarter.
Bank of America ‘s third-quarter earnings topped expectations, thanks in part to higher interest rates.
Bank of America will have all eyes on its balance sheet when it reports third-quarter earnings before Tuesday’s opening bell. Net interest income, which has been a savior for banks in this shaky economy, is expected to climb 2%, to $14.1 billion. Yet even with the jump in net interest income, bank executives have cautioned that the boom days could be ending soon. JPMorgan chief executive Jamie Dimon cautioned last week that the bank may be “over-earning.”
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