Author: imurnews

Bank of America trims net interest income guidance

(Reuters) – Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends. Rate trends have prompted the bank to scale back its expected full-year net interest margin, a key measure of […]

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UPDATE 2-Diabetes devices power Abbott's profit beat, forecast raise

(Reuters) – Abbott Laboratories (ABT.N) beat analysts’ estimates for quarterly profit on Wednesday and raised its full-year adjusted earnings forecast, driven by demand for its FreeStyle Libre blood sugar monitoring device. Sales of FreeStyle Libre, which helps diabetics track their blood sugar levels without having to prick their fingers, surged 63.9% to $433 million in […]

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