Bank of America sees broad US bank earnings beats ahead

Earnings
โดย Investing.com·Read original
Summary · why it matters

Bank of America analysts expect all eight major US banks they cover to beat both their own and consensus earnings-per-share estimates when the sector reports, citing strong capital markets activity, resilient economic conditions, and improving wealth management flows. The firm highlighted potential upside in net interest income at JPMorgan and Citigroup, and stronger wealth management flows at Morgan Stanley and Northern Trust. Bank of America raised second-quarter EPS estimates for JPMorgan to $5.59 from $5.48, for Citigroup to $2.65 from $2.60, for Morgan Stanley to $2.81 from $2.71, and for Goldman Sachs to $14.11 from $13.18, while maintaining Wells Fargo's estimate at $1.72. The analysts noted that stronger underlying revenue trends could lead to broader earnings revisions even if investors often look past trading and investment banking beats.

Impact on stocks 9

Financials▲ · 5 stocks
Goldman Sachs Group Inc
GS
▲ PositiveCapitalrelevance

Bank of America raised Q2 EPS estimate for Goldman Sachs to $14.11 from $13.18, citing strong capital markets activity.

Morgan Stanley
MS
▲ PositiveCapitalrelevance

Bank of America raised Q2 EPS estimate for Morgan Stanley to $2.81 from $2.71, citing stronger wealth management flows.

Northern Trust Corporation
NTRS
▲ PositiveCapitalrelevance

Bank of America expects stronger wealth management flows at Northern Trust, raising EPS estimates.

Wells Fargo & Company
WFC
± MixedCapitalrelevance

Bank of America maintained Wells Fargo's EPS estimate at $1.72, no change, but expects sector-wide beats.

Bank of America Corp
BAC
▲ PositiveCapitalrelevance

Bank of America analysts expect broad earnings beats, but the article is about their own positive outlook, not a direct event for BAC.

Digital Finance & Tokenization▲ · 3 stocks
Citigroup Inc.
C
▲ PositiveCapitalrelevance

Bank of America raised Q2 EPS estimate for Citigroup to $2.65 from $2.60, citing strong capital markets and resilient economy.

JPMorgan Chase & Co
JPM
▲ PositiveCapitalrelevance

Bank of America raised Q2 EPS estimate for JPMorgan to $5.59 from $5.48, citing potential upside in net interest income.

Materials▲ · 1 stocks
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