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

• Earnings:  77 cents a share, 9.1% little than a twelvemonth earlier, according to Refinitiv
• Revenue: $23.57 billion, 3.1% higher than a twelvemonth earlier
• Net Interest Income: $13.6 billion, according to StreetAccount
• Trading Revenue: Fixed income $2.24 billion; Equities $1.61 billion
• Investing Banking: $1.13 billion

Expectations are moving precocious that Bank of America volition station gains tied to higher involvement rates successful the 3rd quarter. That's due to the fact that rivals JPMorgan Chase and Wells Fargo each disclosed that nett involvement income had surged much than 30% successful the quarter, acknowledgment to rising rates and indebtedness growth.

Bank of America, led by CEO Brian Moynihan, was expected to beryllium 1 of the main beneficiaries of the Federal Reserve's rate-boosting campaign. But slope stocks got hammered this twelvemonth amid concerns a recession was connected the way, and Bank of America wasn't spared — it deed a caller 52-week debased connected Thursday.

Investors volition beryllium anxious to spot however good the bank's retail and concern customers are holding up amid signs that some ostentation and higher involvement rates are taking a toll connected the economy.  

Bank of America shares person fallen 29% this twelvemonth done Friday, worse than the 26% diminution of the KBW Bank Index.

Last week, JPMorgan and Wells Fargo topped expectations for third-quarter nett and gross by generating better-than-expected involvement income. Citigroup besides bushed analysts' estimates, but Morgan Stanley missed arsenic choppy markets took a toll connected its concern absorption business.

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