Brian Moynihan, Chief Executive Officer of Bank of America Corp., during a Bloomberg television interview in New York, US, on Tuesday 19 March 2024.
Jeenah Moon | Bloomberg | Getty images
Bank of America is planned to report the income from the first quarter for the Openingbell Tuesday.
This is what Wall Street expects:
- Profit: 82 cents per share, according to LSEG
- Revenues: $ 26.99 billion, according to LSEG
- Determination for credit losses: $ 1.58 billion, per street account
- Trade income: fixed income of $ 3.46 billion, shares of $ 2.12 billion
In recent weeks, the shares of the Bank of America have abandoned concern that President Donald Trump's rate policy could cause a recession.
The shares of the company have fallen by more than 16% this year up to and including Monday.
But if it is something like his peers, Bank of America will probably have benefited from a boost in trade revenues in the quarter, while consumer credit and asset management last in the period.
JPMorgan Chase” Morgan Stanley And Goldman Sachs Each exceeded the estimates of analysts about a tree in stock trading income when banks benefited from volatility in the quarter.
This story is developing. Come back for updates.
