Brian Moynihan, CEO of Bank of America Corp. in a Bloomberg TV interview in New York, USA on Tuesday, March 19, 2024.
Gina Moon | Bloomberg | Getty Images
Bank of America is expected to report first quarter revenues ahead of Tuesday’s opening bell.
Here’s what Wall Street is hoping for:
According to LSEGREVENUE, 82 cents per share: $269.9 billion, Loan loss: $1.58 billion, StreetAccountrading per revenue: $3.46 billion, Stocks and shares are $2.12 billion
Bank of America’s shares have been sold in recent weeks on concerns that President Donald Trump’s tariff policies could cause a recession.
The company’s shares fell more than 16% until Monday this year.
But if it were like peers, Bank of America could have benefited from an increase in quarterly trading revenue, but consumer credit and wealth management were supported by period.
JPMorgan Chase, Morgan Stanley and Goldman Sachs each surpassed analysts’ estimates regarding the stock trading revenue boom as banks exploited the quarter’s volatility.
This story is developing. Please check for updates.
