Brian Moynihan, the CEO of Bank of America Corp., is set to announce the fourth-quarter earnings on Thursday.

Wall Street predictions for the earnings report are as follows:

• Earnings: 77 cents per share
• Revenue: $25.19 billion
• Net Interest Income: $14.33 billion on an FTE basis
• Trading Revenue: Fixed income of $2.41 billion, Equities of $1.68 billion

How will changes in interest rates affect Bank of America’s performance?

Similar to its competitors, the company is expected to benefit from increased investment banking and trading activities in the fourth quarter.

However, Bank of America’s success appears to be largely dependent on interest rates and their impact on net interest income.

During a recent investor call, CEO Brian Moynihan assured that the firm would meet the NII guidance of approximately $14.3 billion.

Investors are eager to learn about the company’s goals for 2025, especially with the reduced expectations for rate cuts.

Moynihan mentioned that investment banking fees could see a 25% rise in the quarter, while wealth management revenue might increase by 20%.

On the same day, JPMorgan Chase and Goldman Sachs surpassed estimates with strong results from their Wall Street divisions. Results from Morgan Stanley are also expected on Thursday.

This story is unfolding. Stay tuned for updates.