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Interest Rate as of July 2, ENG Bank of America Form

Interest Rate as of July 2, ENG Bank of America Form

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Not only do you have beating on net interest income as well as on trading led by equities trading. Very importantly, you have giving guidance for what they expect to bring in in net interest income later this year. They expect that number to jump from the 13.9 billion you're seeing in the second quarter to about 14.5 billion. So an increase through the end of the year in net interest income. That guidance is critical. What do they expect this to come from? Jon, that's the most interesting part. You remember maybe those held to maturity securities that have been dragging on stock the last couple of years. They believe that they could reinvest these securities. And what we understand is about 0 billion roll off per quarter, so about 40 billion a year now into higher yielding treasuries. This is also a reinvestment of assets like mortgage loans and auto loans that had been extended at lower interest rates. Now, moving into higher interest rate products, so higher for longe

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