Here comes Bank of America ...
Wall Street analysts are expecting the bank to report earnings of $0.46 per share, down from $0.48 in the second quarter.
Here are the other key figures and estimates analysts will be looking for:
- Revenues of $21.95 billion, down from $23.2 in the second quarter.
- Net income of $4.9 billion, down from $5.2 billion in the second quarter.
- Trading revenues expected to suffer a double-digit decline.
Wall Street's trading decline - especially in bond trading - will be another point of focus. Citi and JPMorgan , each of which kicked off the earnings cycle for US banks yesterday , reported fixed-income trading drop-offs of 16% and 27%, respectively.
Nonetheless, the two banks each beat earnings estimates handily.
Get the latest Bank of America stock price here.