Wall Street Expects Bank of America to Report 22% Profit Decline
Analysts expect Bank of America to report $6.1 billion of net income, down from $7.8 billion a year ago. Net interest income is expected to drop to $14 billion from $14.4 billion a year ago, on a generally accepted accounting principles, or GAAP, basis.
The bank rally signals a “macro rotation” as the macroeconomic situation signals the “best outcome” for the sector.
Follow live coverage and analysis of earnings from Bank of America, Charles Schwab, Citigroup, and Goldman Sachs.
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The investment bank Goldman Sachs earned more than expected in the latest quarter, a theme for other big banks, too.
Dow slips from record high as Goldman Sachs and Bank of America drive market gains. S&P 500 holds steady, with tech stocks ...
Bank of America said its provision for loan losses in the third quarter was flat versus the prior quarter at $1.5 billion, ...
More than 40 S&P 500 companies are set to report results this week, including Netflix, Morgan Stanley, and Goldman Sachs.
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