Bank of America’s Q2 2024: fortress balance sheet meets margin pressure 👀🏦; Klarna's growing IPO ambitions: Swedish FinTech giant eyes 2025 US listing 🤑📈

FinTech is Eating the World, 17 July

Hey Everyone,

Good morning & happy Thursday! Due to travels the latest issue is coming in late but it’s absolutely worth the wait 🤌 Today we’re looking into Bank of America and their latest financials (breaking down the most important numbers, what they mean & what’s next for BoA in 2024 + bonus deep dives into other banking giants), and BNPL pioneer Klarna that’s growing its IPO ambitions for 2025 (what’s happening & why it matters + a bonus deep dive into Klarna). Let’s just jump straight into the good stuff 🌶

Bank of America’s Q2 2024: fortress balance sheet meets margin pressure 👀🏦

Earnings time 🤑 Another day, another earnings call. This time banking giant Bank of America BAC 0.00%↑ reported solid Q2 2024 results, showcasing the strength of its diversified business model amidst a challenging interest rate environment.

Let’s take a closer look at this, break down the most important numbers to see what they mean, and what’s next for BoA in 2024.