Great Week of Earnings for US Banks
Bank of America is expected to join JPMorgan Chase and Wells Fargo in reporting impressive earnings
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- Written by Banking Exchange staff
Bank of America is expected to join JPMorgan Chase and Wells Fargo in reporting impressive earnings as bank stocks continue to be favored by Wall Street.
In fact, Bank of America will have benefited from its tie to Wall Street during the third quarter, as the nation’s largest banks have done well in investment banking revenue.
Corporations are looking to raise capital, as acquisitions have also taken center stage.
Citigroup and Goldman Sachs also outperformed expectations this week.
If Bank of America follows its competitors, its stock could top 15% gains in 2025.
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