Bank of America expected to report strong Q1 earnings; concerns over recession causing stock drop.

From CNBC: 2025-04-15 06:15:00

Bank of America to report Q1 earnings before market open. Wall Street expects earnings of 82 cents/share, revenue of $26.99 billion, provision for loan losses of $1.58 billion, and trading revenue of $3.46 billion fixed income, $2.12 billion equities. Stock down 16% this year due to recession concerns from Trump’s tariffs.

Bank of America likely to benefit from trading revenue in Q1, despite concerns. Peers like JPMorgan Chase, Morgan Stanley, and Goldman Sachs exceeded estimates with boom in equities trading revenue. Consumer credit and wealth management held up in the period. Stay tuned for updates on this developing story.



Read more at CNBC:: Bank of America (BAC) earnings Q1 2025