Brian Moynihan, chief government officer of Financial institution of America Corp., throughout a Bloomberg Tv interview in New York, US, on Tuesday, March 19, 2024.
Jeenah Moon | Bloomberg | Getty Photographs
Bank of America is scheduled to report first-quarter earnings earlier than the opening bell Tuesday.
This is what Wall Avenue expects:
- Earnings: 82 cents per share, in accordance with LSEG
- Income: $26.99 billion, in accordance with LSEG
- Provision for mortgage losses: $1.58 billion, per StreetAccount
- Buying and selling Income: Fastened revenue of $3.46 billion, Equities of $2.12 billion
Financial institution of America shares have offered off in current weeks on concern that President Donald Trump’s tariff insurance policies might trigger a recession.
The corporate’s inventory has fallen greater than 16% this yr via Monday.
However, if it is something like its friends, Financial institution of America is more likely to have benefited from a lift in buying and selling income within the quarter, whereas client credit score and wealth administration held up within the interval.
JPMorgan Chase, Morgan Stanley and Goldman Sachs every exceeded analysts’ estimates on a growth in equities buying and selling income as banks took benefit of volatility within the quarter.
This story is growing. Please examine again for updates.
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