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

Here's what Wall Street expects: Earnings: 71 cents a share, 39% higher than a year earlier, according to Refinitiv.Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during "Barron's Roundtable" at Fox Business Network Studios on January 09, 2020 in New York City.is scheduled to report third-quarter earnings before the opening bell Thursday.Earnings: 71 cents a share, 39% higher than a year earlier, according to Refinitiv.Net Interest Income: $10.

Like other lenders, Bank of America set aside billions of dollars for credit losses last year, when the industry anticipated a wave of defaults tied to the coronavirus pandemic. Banks have been releasing some of those funds when the losses didn't arrive, and analysts will be curious how much of a boost that dynamic will have in the second half of the year.

They will also likely ask CEO Brian Moynihan about succession planning after his most senior deputy, chief operating officer Tom Montag,

It will be the same as after JP Morgan's earnings. Dump

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

G7 finance officials endorse principles for central bank digital currenciesG7 finance officials on Wednesday endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of law and sound economic governance, the Treasury Department said. wow
Bron: Reuters - 🏆 2. / 97 Lees verder »