+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here comes Bank of America ...

Jul 16, 2018, 15:30 IST

REUTERS/Ruben Sprich

Advertisement

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.

Advertisement

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.

NOW WATCH: An early investor in Uber, Airbnb, and bitcoin explains why it's actually a good sign that no one is spending their crypto

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article