Bank of America is set to announce its third-quarter earnings tomorrow. The company is expected to post 77 cents a share earnings on revenue of $25.3 billion. The bank has been impacted by falling interest rates, with net interest income compressed due to Federal Reserve rate hikes in recent years. Analysts will be looking at how quickly Bank of America will benefit from falling rates.
Key Facts:
– Earnings: 77 cents a share, according to LSEGR
– Revenue: $25.3 billion, according to LSEG
– Net Interest Income: $14.06 billion, FTE basis, according to StreetAccount
– Trading Revenue: Fixed income of $2.74 billion, Equities of $1.81 billion, according to StreetAccount
Tags: #BankOfAmerica #earnings #WallStreet #interestrates
Meta Description: Bank of America is expected to report third-quarter earnings tomorrow. The key focus will be on how quickly the company will benefit from falling interest rates.
Keywords: Bank of America, earnings, third-quarter, interest rates
