Bank of America is set to release its first-quarter earnings report on Tuesday prior to the market opening.
Wall Street anticipates the following results:
- Earnings: 82 cents per share, as per LSEG forecasts
- Revenue: Expected to reach $26.99 billion, according to LSEG
- Provision for loan losses estimated at $1.58 billion, according to StreetAccount
- Trading Revenue anticipated to be $3.46 billion in fixed income and $2.12 billion in equities
In recent weeks, Bank of America shares have experienced significant selling pressure attributable to concerns regarding President Donald Trump’s tariff measures potentially igniting a recession.
As of Monday, the bank’s stock has declined over 16% this year.
However, much like its competitors, Bank of America is expected to have benefited from an increase in trading revenue during the quarter, alongside stable performance in consumer credit and wealth management sectors.
Other major banks, including JPMorgan Chase, Morgan Stanley, and Goldman Sachs, have surpassed analysts’ predictions, reporting substantial gains in equities trading revenue amid market volatility during the period.
This story is developing. Please check back for updates.
