scorecardHere comes Bank of America...
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Here comes Bank of America...

Here comes Bank of America...
Stock Market2 min read
Bank of America Chairman and CEO Brian Moynihan.    Thomson Reuters

Bank of America is expected to report Q3 earnings at 6:45 a.m. on Thursday.

Analysts are expecting adjusted earnings per share of $0.21 on revenue of $20.09 billion, according to Bloomberg.

In the same quarter last year, Bank of America beat on the top and bottom lines, with adjusted earnings per share of $0.36 (versus $0.29 expected) on revenue of $21.4 billion ($21.6 billion expected).

Last quarter, Bank of America reported earnings per share of $0.28 per share ($0.26 expected) on revenue of $19.8 billion.

"The 2015 results were our highest earnings in nearly a decade, reflecting the work we've done to develop a straightforward operating model focused on responsible growth and doing more business with each customer and client," CEO Brian Moynihan said in a statement at the time.

The first quarter is typically the strongest for investment banks, but analysts are expecting an unusually weak Q1 earnings season on Wall Street this year.

Choppy trading conditions in early 2016, fears over China's growth, and a collapsed oil price are thought to have created a "perfect storm" for banks. Investment-banking revenue is down 36% across the Street, according to preliminary Q1 data from Dealogic - its lowest level since 2009. More on that here.

JPMorgan on Wednesday reported first-quarter earnings that beat on the top and bottom lines. Wells Fargo will report fourth-quarter earnings at 8 a.m. Thursday.

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