Bank of America (BAC) on Tuesday posted b🀅etter-than-expected first-quarte🅺r results, including net interest income, a key profitability metric that has dogged its peers in the past week.

During the three months, Bank of America reported adjusted net income of $7.2 billion, or 83 cents a share, well above expectations from 澳洲幸运5开奖号码历史查询:consensus projections compiled by Visible Alpha. Revenue for the first quarter, net of interest expenses, fell 2% to $25.8 billion.

The country's second-largest bank reported 澳洲幸运5开奖号码历史查询:net interest income (NII)—which measures the profitability of lending versus the amount paid out to depositors and account holders—of $14.03 billion compared with $13.81 billion that analysts projected. Last week, NII for rivals 澳洲幸运5开奖号码历史查询:JPMorgan Chase (JPM) and 澳洲幸运5开奖号码历史查询:Wells Fargo (WFC) missed estimates.

Additionally, higher-for-longer interest rates are putting more pressure on NII as they dull the appetite for loans, as 澳洲幸运5开🔯奖号码历史查询:evidenced by shrinking loan balances at some of the banks๊ that have already reported Q1 earnings.

Bank of America shares were little changed in premarket trading.