Bank of America's Credit Quality Continues to Stand Out
A number of banks recently presented at the Barclays Global Financial Services Conference, giving investors and analysts a chance to gauge how they're doing as the third quarter heads to a close. While the financial institutions are expecting lower levels of net interest income due to the rock-bottom interest-rate environment, banks have also seen a decline in the level of loan deferrals, which jumped during the early months of the pandemic.
Among its peers, Bank of America (NYSE: BAC) stands out in my opinion for its progress. CEO Brian Moynihan offered a clear picture of what's left in its deferral bucket, which appears to be less full than those of its competitors.
Image Source: Bank of America
Source Fool.com