Analysts are expecting adjusted earnings per share of $0.34 on revenue of $20.82 billion, according to Bloomberg.
Total trading revenue is expected to come in at $3.25 billion, while investment banking revenues are expected to be $1.28 billion.
In the same quarter last year, Bank of America beat on the bottom line but missed on the top, reporting earnings per diluted share of $0.37 ($0.33 expected) on revenue $20.68 billion ($20.73 billion expected).
In the second quarter, Bank of America had a clean beat, with earnings of $0.36 per share ($0.33 expected) on revenues of $20.6 billion ($20.4 billion expected).
"We had another solid quarter in a challenging environment," CEO Brian Moynihan said in a statement at the time. "We continued to invest in core growth areas and to manage expenses, which were down 3% year-over-year to a level not seen since 2008."
JPMorgan, Wells Fargo, and Citigroup have already reported Q3 earnings, each one beating expectations. Goldman Sachs will report on Tuesday.