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Just saw BofA's Q1 earnings and the interest income numbers came in pretty solid. They pulled $15.75B in net interest income, beating the $15.37B estimate - that's the kind of beat you like to see from a major bank. The interest margin story is still holding up better than some expected.
That said, their trading desk had a mixed quarter. FICC trading at $3.5B missed the $3.78B call, but equity trading actually crushed it with $2.83B versus the $2.51B forecast. EPS landed at $1.11. Overall it's a decent earnings print for the banking sector.
Stock jumped over 1% in premarket after the news dropped. Interesting to watch how the broader interest rate narrative plays out for bank earnings going forward - that's really the key driver for this group.