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Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in New York, US, on Tuesday, March 19, 2024.  Jeenah Moon | Bloomberg | Getty Images Bank of America is scheduled to report first-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: 82 cents per share, according to LSEG Revenue: $26.99 billion, according to LSEG Provision for loan losses: $1.58 billion, per StreetAccount Trading Revenue: Fixed income of $3.46 billion, Equities of $2.12 billion Bank of America shares have sold off in recent weeks on concern that President Donald Trump’s tariff policies could cause a recession. The company’s stock has fallen more than 16% this year through Monday. But, if it’s anything like its peers, Bank of America is likely to have benefited from a boost in trading revenue in the quarter, while consumer credit and wealth management held up in the period. JPMorgan Chase, Morgan Stanley and Goldman Sachs each exceeded analysts’ estimates on a boom in equities trading revenue as banks took advantage of volatility in the quarter.   This story is developing. Please check back for updates. Source: https://www.cnbc.com/2025/04/15/bank-of-america-bac-earnings-q1-2025.html

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Filed under: News - @ April 15, 2025 10:26 am