Bank of The united states Chairman and CEO Brian Thomas Moynihan testifies in the course of a Wall Avenue oversight listening to by the Senate Banking, Housing, and Urban Affairs committee on Capitol Hill in Washington, DC, December 6, 2023.
Saul Loeb | AFP | Getty Illustrations or photos
Bank of The us is scheduled to report very first-quarter earnings in advance of the opening bell Tuesday.
Here is what Wall Road expects:
- Earnings: 76 cents a share, according to LSEG
- Revenue: $25.46 billion
- Provision for credit score losses: $1.4 billion, in accordance to StreetAccount
- Buying and selling: Fixed earnings of $3.24 billion and equities of $1.84 billion
Will Lender of The us adhere to rivals in posting superior-than-predicted Wall Avenue revenue?
Which is a person of the crucial inquiries right after JPMorgan Chase, Citigroup and Goldman Sachs all topped estimates with assistance from buying and selling and expense banking.
Financial institution of America’s Chief Fiscal Officer, Alastair Borthwick, instructed analysts last month to be expecting investment decision banking profits to rise by 10% to 15% from a 12 months previously, and for buying and selling outcomes to be around flat.
Analysts will also be focused on the bank’s internet curiosity income, which has been declining in recent quarters as funding costs have climbed along with the increase in interest fees.
This story is acquiring. Remember to test back again for updates.
