Bank of America (BAC): Is Its Deposit Franchise Getting Stronger as Lending Accelerates?

Bank of America Corporation (NYSE:BAC) is growing lending faster than deposits, but the more useful question is what that funding costs. Second-quarter average loans increased 8% year over year while deposits rose 2%. Consumer balances grew approximately 1%, against 8% in Global Banking. Nevertheless, net interest income increased 9%, showing that uneven deposit growth can […]