The sell side has subdued expectations for BofA's Q3 earnings. In terms of relative sector performance, Citigroup has been a big laggard, though it has started to turn operationally.

Yahoo Finance analysts, on average, predict BofA's third-quarter earnings will average 77 cents per share. Earnings came to 90 cents per share in the third quarter of 2023 and landed at 83 cents per share in the second quarter of this year.

Bank of America reports earnings this morning, and Wall Street will be looking for clues on how it is adjusting to lower interest rates. Analysts expect Bank of America to report third-quarter earning

Bank of America, Goldman Sachs and Citigroup will be the next big banks to report results on Tuesday. They follow JPMorgan and Wells Fargo, whose earnings last week were well received by Wall Street.