Bank of America

BAC

Market cap $412B

Bank of America (BAC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Bob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, joins ‘Squawk on the Street" to discuss his expectations for the banks, opportunities that lie ahead, and more.

A number of banking and financial stocks slumped Monday after President Donald Trump over the weekend suggested capping credit card interest rates.

U.S. banks and financial institutions on Monday pushed back against President Donald ‌Trump's proposed cap on credit card interest rates, citing new data that showed it would result in millions of American households and small businesses losing access to credit.

The major lenders on Wall Street will start the fourth-quarter earnings season this week while shareholders monitor their financial reports to understand the direction of the sector for 2026. JPMorgan Chase reports Tuesday, followed by Bank of America, Citigroup, and Wells Fargo on Wednesday, then Goldman Sachs and Morgan Stanley on Thursday, according to MarketWatch.

Nick Raich calls President Trump's plan to cap credit card rates a "move to gain votes," noting a low probability of it actually getting passed by Congress. Christine Short agrees, pointing out criticisms that it can hurt consumers more than helping them.

Bank stocks have seen positivity on the back of constructive investor sentiment, with the group expected to benefit from a confluence of favorable developments. These tailwinds range from accelerating loan-growth trends to capital markets momentum in an overall permissive regulatory backdrop.

U.S. banks are entering the new year on solid footing after a strong 2025, and analysts say that momentum should continue, barring any unforeseen shocks.

A number of banking and financial stocks slumped Monday morning after President Donald Trump over the weekend suggested capping credit card interest rates.

Big banks will start releasing their quarterly numbers this week. Let's delve into the earnings potential of the big six banking companies, which could drive the performance of the sector ahead.