Bank of America is set to report third-quarter earnings — here's what the Street expects

Published On Oct 15, 2024, 6:15 AM

Bank of America (BAC) is set to release its third-quarter earnings, with expectations of earning 77 cents per share and generating $25.3 billion in revenue. Analysts are particularly interested in how the bank's net interest income, which has been under pressure due to previous Federal Reserve rate hikes, will be rebounding, especially in light of the Fed easing interest rates recently. The upcoming report will provide insights into BAC's trading revenue dynamics and the potential recovery of its financial health as interest rates change.

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Bank of America's anticipated rebound in net interest income could positively influence its earnings report, making it a potentially attractive investment if results meet or exceed expectations.

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