Here comes Bank of America … (BAC)
Bank of America Merrill Lynch is set to announce second-quarter earnings results Monday morning.
Analysts expect the bank to report adjusted earnings of $0.57, an 18.6% increase from last year.
Here’ s what else analysts will be looking for:
- Revenue: $22.1 billion, down 4.8% from 2017
- Net income: $6.1 billion, up 17% from 2017
- Markets: Trading revenues are expected to dip across Wall Street compared with the strong first quarter, though still expected to increase from last year.
- Geopolitical impacts: How will President Donald Trump’s sabre rattling with foreign nations impact business? He’s made good on the promise of trade war and to shake up NAFTA.
Analysts are also looking for any updated views on loan growth expectations, trends in deposits amid rate hikes from the Federal Reserve, the global markets environment, and profitability targets.
Bank of America is coming off a stellar first quarter in which it recorded $6.9 billion in adjusted net profits, thanks in part to a record quarter in equities that saw revenues increase 38% to a record $1.5 billion.
Read the full article from it’s original source: http://uk.businessinsider.com/bank-of-america-q2-earnings-results-second-quarter-2018-7