Bank of America to report Q2 earnings, CEO highlights interest rate environment, expectations positive for stock.

From CNBC: 2024-07-16 06:15:01

CEOs of Wells Fargo, Bank of America, and JPMorgan Chase testify at Senate hearing on Wall Street oversight. Bank of America set to report Q2 earnings, expecting 80 cents per share and $25.22 billion in revenue. CEO Brian Moynihan highlights navigating interest rate environment, with focus on net interest income (NII). Wells Fargo disappoints with NII figures, while JPMorgan Chase, Wells Fargo, Citigroup, and Goldman Sachs all surpass revenue and profit expectations last week. Story is developing. Check back for updates.



Read more at CNBC:: Bank of America (BAC) earnings Q2 2024