Wall Street analysts expect Bank of America to report quarterly earnings of $1.11 per share in its forthcoming report, a 4.7% increase year over year, on revenues projected to reach $30.62 billion, up 9% from the same quarter last year. The consensus EPS estimate for the quarter has been revised downward by 0.5% over the past 30 days. Among the key metrics analysts track, the consensus estimate for the efficiency ratio on a fully taxable-equivalent basis stands at 59.8%, compared with 61.4% a year earlier, while net interest income on a fully taxable-equivalent basis is projected at $16.55 billion versus $15.39 billion in the year-ago quarter. Total noninterest income is expected to come in at $14.32 billion, up from $12.86 billion, with investment banking fees projected at $1.71 billion, down from $2.01 billion, and total fees and commissions seen at $11.00 billion versus $10.34 billion. Analysts also forecast total earning assets on an average balance basis of $3112.61 billion, book value per share of common stock of $39.68, total nonperforming loans and leases of $6.46 billion, a Tier 1 capital ratio of 12.4% and a Tier 1 leverage ratio of 6.5%.
Bank of America CorpQ3 earnings preview: analysts expect $1.11 EPS and $30.62B revenue, but the consensus EPS estimate was revised downward 0.5% over the past 30 days.
