Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol aft a gathering with Republican members of the Senate Banking, Housing and Urban Affairs Committee connected the contented of debanking connected Thursday, February 13, 2025.
Tom Williams | Cq-roll Call, Inc. | Getty Images
Bank of America is scheduled to study second-quarter net earlier the opening doorbell Wednesday.
Here's what Wall Street expects:
- Earnings: 86 cents per share, according to LSEG
- Revenue: $26.72 billion, according to LSEG
- Net Interest Income: $14.89 billion, according to StreetAccount
- Trading: Fixed income of $3.14 billion, equities of $2.14 billion, according to StreetAccount
Bank of America is apt to person benefited from 2 tailwinds during the quarter.
Analysts expect nett involvement income, which is the quality successful what banks wage depositors and what they gain connected loans and investments, to person risen successful the period.
That could beryllium an inflection constituent of sorts, with NII rising successful the 2nd fractional of this year, according to Truist expert John McDonald.
On apical of that, analysts expect trading revenues to ascent successful the "mid to precocious azygous digits" to astir $5 cardinal successful the quarter, McDonald said.
Meanwhile, the institution gave guidance of a astir 23% diminution successful concern banking fees successful the quarter, but rival slope JPMorgan Chase saw a rebound successful enactment that bodes good for Bank of America.
Shares of the slope person climbed astir 5% this year.
On Tuesday, JPMorgan, Citigroup and Wells Fargo each posted results that topped analysts' expectations for net and revenue.
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