Bank of America is scheduled to report third-quarter earnings before the market opens Wednesday, a day after the U.S. Treasury Department imposed a $1.2 billion penalty that cut net income by 17 cents a share. The charge raises questions about risk controls under CEO Brian Moynihan, who has led the second-biggest U.S. bank by assets since 2010. According to LSEG, analysts expected earnings of $1.10 per share and revenue of $30.69 billion. According to StreetAccount, net interest income was expected at $16.53 billion, with fixed income trading around $3 billion and equities around $2.8 billion.
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Original headline: Bank of America is set to report third-quarter earnings – here’s what the Street expects
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