Bank of America Reports Earnings Monday. What Wall Street Is Watching

Barron's2022-10-17

Bank earnings season continues Monday with Bank of America (ticker: BAC) set to report before the market opens how it fared during the third quarter.With JPMorgan Chase (JPM), Citigroup (C), and other...

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Comments

angelchow
2022-10-18
angelchow
Ok
Tanyl
2022-10-18
Tanyl
Invest in buy call
Tanyl
2022-10-17
Tanyl
Do buy call on BAC
blessed_1
2022-10-17
blessed_1
Thanks

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What Wall Street Is Watching","media":"Barron's","content":"<div>\n<p>Bank earnings season continues Monday with Bank of America (ticker: BAC) set to report before the market opens how it fared during the third quarter.With JPMorgan Chase (JPM), Citigroup (C), and other...</p>\n\n<a href=\"https://www.barrons.com/articles/bank-of-america-earnings-report-51665771946?mod=hp_LATEST\">Source Link</a>\n\n</div>\n","source":"lsy1610680873436","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Reports Earnings Monday. 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What Wall Street Is Watching\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-17 16:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/bank-of-america-earnings-report-51665771946?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bank earnings season continues Monday with Bank of America (ticker: BAC) set to report before the market opens how it fared during the third quarter.With JPMorgan Chase (JPM), Citigroup (C), and other...</p>\n\n<a href=\"https://www.barrons.com/articles/bank-of-america-earnings-report-51665771946?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BAC","symbol_name":"美国银行","start_time":0,"source_url":"https://www.barrons.com/articles/bank-of-america-earnings-report-51665771946?mod=hp_LATEST","article_id":"1152375436","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152375436","pubTimestamp":1665997105,"columns":[],"sourceInfo":{"source_id":"lsy1610680873436","name":"Barron's"},"weMediaInfo":null,"summary":"Bank earnings season continues Monday with Bank of America (ticker: BAC) set to report before the ma","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BAC":"美国银行"},"translate_title":"美国银行周一公布收益。华尔街在看什么","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAC":0.9},"content_text":"Bank earnings season continues Monday with Bank of America (ticker: BAC) set to report before the market opens how it fared during the third quarter.With JPMorgan Chase (JPM), Citigroup (C), and other banks already posting solid results on Friday, Bank of America investors should go into the week feeling confident.As with the banks that already reported, Wall Street expects that Bank of America will see a year-over-year drop in profits due to slowing investment banking activity and a modest increase in reserves in anticipation of a weaker economy. Some of the drop, however, is expected to be offset by an increase in net interest income as the bank benefits from the Federal Reserve’s moves to lift interest rates.Analysts surveyed by FactSet expect that Bank of America will post profits of $6.4 billion, or $0.78 a share, down from profits of $7.3 billion a year ago. Revenue is expected to be $23.5 billion, up from $22.8 billion a year ago, largely reflecting an anticipated increase in net interest income.Of the big banks, Bank of America has been the one that is expected to fare better in the current climate. Rising interest rates widen the spread between the interest the bank earns on loans and the interest it pays on deposits.And even with economic storm clouds brewing as many on Wall Street and Main Street brace for a recession, Bank of America appears equipped to handle any downturn. 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