Bank of America Post Earnings Friday. What Wall Street Expected.
Higher-than-expected interest rates boost
fourth-quarter revenue, even if the bank is expected to see profits fall.
Bank of America (ticker: BAC) is forecast to post revenue of $24.2 billion, up from $22.1 billion in the previous quarter, according to analysts surveyed by FactSet. Income, meanwhile, expected to decrease rose 9% to $6.4 billion, or 77 cents per share.