Bank of America CEO Brian Moynihan leaves the U.S. Capitol on Thursday, February 13, 2025, after meeting with Republicans on the Senate Banking, Housing, and Urban Affairs Committee on bank abolishment issues.
Tom Williams | Cq-roll Call Inc. | Getty Images
Bank of America is scheduled to report third-quarter results before the opening bell on Wednesday.
Here’s what Wall Street is expecting.
Earnings per share: 95 cents (as per LSEGR) Revenue: $27.5 billion (as per LSEG) Net interest income: $15.24 billion (as per StreetAccount) Trading: $3.11 billion in bonds, $2.1 billion in equity (as per StreetAccount)
Bank of America likely benefited from Wall Street operations in the third quarter.
Big banks are seeing strong growth in trading and investment banking revenues due to increased activity from both institutional investors and companies looking to acquire competitors or raise capital.
In addition, high asset levels bode well for Bank of America’s wealth management division.
The bank’s stock price has risen about 14% this year.
On Tuesday, JPMorgan Chase & Co., Goldman Sachs, Citigroup and Wells Fargo each reported profits that beat analysts’ earnings and revenue expectations.
This story is developing. Please check back for the latest information.
