Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025.
Tom Williams | Cq-roll Call, Inc. | Getty Images
Bank of America is scheduled to report third-quarter earnings before the opening bell Wednesday.
Here’s what Wall Street expects:
Earnings per share: 95 cents, according to LSEGRevenue: $27.5 billion, according to LSEGNet Interest Income: $15.24 billion, according to StreetAccountTrading: Fixed Income of $3.11 billion, Equities of $2.10 billion, according to StreetAccount
Bank of America is likely to have benefited from the Wall Street side of its operations during the third quarter.
Big banks have reaped strong gains in trading and investment banking revenue on heightened activity among both institutional investors and corporations looking to acquire competitors or raise capital.
On top of that, high asset levels bode well for Bank of America’s wealth management division.
Shares of the bank have climbed roughly 14% this year.
On Tuesday, JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo each posted earnings that topped analysts’ expectations for earnings and revenue.
This story is developing. Please check back for updates.
