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Here comes Bank of America ...

Apr 16, 2019, 15:30 IST

WASHINGTON, DC - DECEMBER 14: Bank of America CEO Brian Moynihan speaks at the Brookings Institution December 14, 2012 in Washington, DC. Moynihan spoke on the topic of 'The Future of Homeownership in the United States.' (Photo by Win McNamee/Getty Images)Win McNamee/Getty Images

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Bank of America is set to announce first-quarter earnings on Tuesday morning.

Analysts are expecting the bank to report adjusted earnings per share of $0.66, a 5.8% increase from the first quarter last year.

Here's what else analysts are anticipating:

  • Revenue: $23.2 billion, roughly flat with last year.
  • Adjusted net income: $6.5 billion, slightly up from last year.
  • Trading: Analysts are expecting a 15% decline amid a tough quarter for markets across Wall Street, especially in equities.

Bank of America is the fifth major bank to report earnings this quarter. JPMorgan Chase, Goldman Sachs, and Citigroup posted solid results while drama-plagued Wells Fargo provided subdued guidance.

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