Bank of America will announce its Q4 2024 earnings, with expectations for strong performance in investment banking and trading.
They’re expected to report earnings of about 77 cents a share and revenue around $25.19 billion. That’s pretty solid! Plus, they’re looking at net interest income of $14.33 billion.
With interest rates shifting, it’ll be interesting to see how that plays out for them. They’re likely to benefit from a boost in investment banking and trading, just like their competitors.
Moynihan mentioned that investment banking fees could jump by 25% this quarter, and wealth management revenue might rise by 20%. That’s a big deal!
Investors are also eager to hear about their targets for 2025, especially since rate cut expectations have changed.
Just a heads up, JPMorgan Chase and Goldman Sachs recently beat estimates, so all eyes will be on Bank of America’s results too.
This story is still unfolding, so stay tuned for updates!
