Bank of America (BAC) Q4 earnings 2022

Bank of America is scheduled to report fourth-quarter earnings before the opening bell Friday.

Here’s what Wall Street expects:

• Earnings:  77 cents a share, 6.4% lower than a year earlier, according to Refinitiv
• Revenue: $24.3 billion, 9.8% higher than a year earlier, according to Refinitiv
• Net Interest Income: $14.9 billion, according to StreetAccount
• Provision for credit losses: $1.06 billion, according to StreetAccount
• Investing Banking: $1.08 billion, according to StreetAccount

Expectations are running high that Bank of America will post gains in interest income thanks to higher rates and loan growth in the fourth quarter.

Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve’s rate-boosting campaign. But bank stocks got hammered last year amid concerns a recession was on the way.

Investors will be eager to see how well the bank’s retail and business customers are holding up.

In the first few days of the new year, Bank of America’s stock is up 4%.

This is a breaking news story. Please check back for updates.