From CNBC: 2025-01-16 06:15:01

Bank of America CEO Brian Moynihan will report fourth-quarter earnings, with Wall Street expecting earnings of 77 cents per share and revenue of $25.19 billion. Net Interest Income is projected at $14.33 billion, with trading revenue forecasted at $2.41 billion for fixed income and $1.68 billion for equities. Shifting interest rates will impact the bank’s performance, especially regarding net interest income. Moynihan anticipates investment banking fees to increase by 25% and wealth management revenue by 20%. JPMorgan Chase and Goldman Sachs exceeded expectations, with Morgan Stanley set to report soon. Stay tuned for updates.



Read more at CNBC:: Bank of America (BAC) earnings Q4 2024