Bank of America Corp (BAC.US) expects its net interest income to reach a record high in 2025.

The head of the retail banking division at Bank of America Corp (BAC.US) said on Tuesday that the bank expects its net interest income to reach a record level by 2025. Holly O'Neill said at the UBS Group AG (UBS) financial services conference, "We expect NII to reach a record level by 2025, with a growth rate of 6% to 7%, and consumers will contribute to this." In the fourth quarter of 2024, Bank of America Corp's net interest income (NII) was $14.36 billion, up 3% year-on-year, better than the market's expectation of $14.12 billion. The bank had previously forecast that by the fourth quarter of 2025, the difference between the bank's loan income and deposit income NII would increase to $15.5 billion to $15.7 billion.