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What to Expect from Bank of America’s Third-Quarter Earnings

Andrew Brunton
What to Expect from Bank of America’s Third-Quarter Earnings

Bank of America (BAC) plans to report its third-quarter 2018 results on October 15. For the third quarter, Bank of America is expected to post earnings per share (or EPS) of $0.62, implying an increase of 29.2% on a YoY basis. The robust growth is anticipated to come from book expansion, improved rate spreads and an increase in trading activity and wealth management, partially offset by weaker investment banking fees in line with the industry trend.