Bank of AmericaIt is expected that the fourth-quarter results will be announced before Wednesday’s open bell.

Here are the expectations of Wall Street:

• Earnings:  76 cents a share, 29% higher than a year earlier, according to Refinitiv.
• Revenues: $22.2 Billion, 10% more than last year.
• According to StreetAccount, Net Interest Income is $11.3 billion
• Trade Revenue: Fixed Income 1.68 billion; Equities $1.4 trillion
• Bank Investing: 2.07 Billion

What has Bank of America done to navigate the market? jump in employee expenseIs there a rival that you have stung?

This is the dilemma of the instant after. JPMorgan Chase, Goldman Sachs CitigroupAll reported significantly higher fourth quarter expenses due to the rising cost of worker compensation

Bank of America is led by its CEO Brian Moynihan,In recent months, the sector had experienced tailwinds as higher interest rates and an increase in loan growth were promising to improve profitability. After banks started disclosing the effects of wage inflation on their results, this narrative was thrown off track.

Analysts will likely ask the management questions about the bank’s impact on the economy. recent decisionReduce overdraft fees to 10 dollars from $35 and eliminate certain fees

Bank of America shares have risen 4% in the year to Wednesday. This is less than the 8.6% increase of the KBW Bank Index.

JPMorgan, Citigroup and Goldman Sachs reported the lowest earnings beats over the past seven quarters. Goldman Sachs’ fourth quarter profit estimates were not met due to higher expenses. Wells FargoBank earnings have been the only bright spot, with it setting targets for lower interest income and higher expenses.  

The story is still in development. Keep checking back for more updates.