Bank of America (BAC) lifts FY26 NII guidance to up 6-8% (prev. +5-7%); have been in a benign credit environment for some time
Bank of America’s upward revision of FY26 net interest income (NII) guidance suggests strong expectations for profitability, reflecting confidence in continued growth despite current credit conditions.
[MARKET UPDATE] EUR/JPY hits an all time high of 187.59
Fed's Barr (voter) says in the long run, AI is likely to add to productivity; AI must be used to promote access to credit
Bank of America (BAC) lifts FY26 NII guidance to up 6-8% (prev. +5-7%); have been in a benign credit environment for some time
Italy's budget watchdog UPB says the Iran war is expected to reduce Italian GDP growth by 0.2-0.4% in 2026 and 2027
Italy's Budget Watchdog, UPB, expects the Middle East conflict to reduce GDP by 0.2-0.4ppts in 2026 and 2027
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- See the market activity is largely a repricing of growth expectations for alternative asset managers, not evidence of systemic credit impairment.
This positive sentiment indicates a broader stability in the credit environment, which could bolster investor confidence in the banking sector and support higher valuations across financial equities.
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