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Brian Moynihan, CEO of Bank of America, leaves the US Capitol after meeting with Republican members of the Senate Banking, Housing, and Urban Affairs Committee on the issue of bank breakups on Thursday, February 13, 2025.
Tom Williams | Cq-roll Call, Inc. | Getty Images
Bank of America It is scheduled to report third-quarter earnings before the opening bell on Wednesday.
Here’s what Wall Street expects:
- Earnings per share: 95 cents, according to LSEG
- Revenue: $27.5 billion, according to LSEG
- Net interest income: $15.24 billion, according to StreetAccount
- Trading: $3.11 billion in fixed income, $2.10 billion in equities, according to StreetAccount
Bank of America likely benefited from the Wall Street side of its operations during the third quarter.
Big banks posted strong gains in trading and investment banking revenues thanks to increased activity among institutional investors and companies looking to acquire rivals or raise capital.
Moreover, high asset levels bode well for Bank of America’s wealth management division.
The bank’s shares rose by about 14% this year.
Tuesday, jp morgan chase, goldman sachs, Citigroup and Wells Fargo Each posted earnings that beat analysts’ forecasts for earnings and revenue.
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