Banking giant Bank of America Corporation (NYSE: BAC) is one of several financials reporting quarterly results this week, with third-quarter numbers arriving Wednesday before market open.

Here are the earnings estimates, what experts are saying and key items to watch.

• Bank of America shares are experiencing downward pressure. What's driving BAC stock lower?

Bank of America Q3 Earnings Estimates

Analysts expect Bank of America to report third-quarter revenue of $30.69 billion, up from $28.24 billion in last year's third quarter, according to data from market data.

The company has beaten analyst estimates for revenue in four straight quarters and in nine of the past 10 quarters overall.

Analysts expect Bank of America to report third-quarter earnings per share of $1.11, up from $1.06 in last year's third quarter.

The company has beaten analyst estimates for earnings per share in 16 straight quarters.

What Experts are Saying

Freedom Capital Markets Chief Market Strategist Jay Woods highlighted that many big bank stocks reported strong second-quarter results and saw shares hit 52-week highs only to fall since then ahead of the third-quarter results.

"The upbeat mood last proved to be short-lived," Woods said in a weekly newsletter.

The market expert said investors will be focused on several items for big bank stocks reporting this week.

"Will potential higher for longer interest rates continue to support lending profits? Will there be a resurgence in IPOs?"

Woods said investors and analysts may also be watching to see what Bank of America and other financial companies say about the "health of the consumer and the economy."

"If the banks paint an optimistic picture while credit quality remains strong, it could reinforce the narrative that the economy is proving far more resilient than many expected. For this bull market to continue and thrive, financials could provide that needed tailwind for equities as we enter Q4."

Here are recent analyst ratings on Bank of America stock and their price targets:

• TD Cowen: Reiterated Hold rating, with $60 price target
• UBS: Maintained Buy rating, lowered price target from $70 to $67
• JPMorgan: Maintained Overweight rating, lowered price target from $68 to $62
• Evercore ISI: Maintained Outperform rating, lowered price target from $67 to $62
• Truist Securities: Maintained Buy rating, lowered price target from $65 to $62

Key Items to Watch

Bank of America's growth of AI tools could become an interesting topic to watch in Wednesday's report and management commentary. The company recently launched the AskGPS Intelligence Hub to expand its AI platforms.

The bank launched AskGPS in 2025, which is used by around 3,000 employees. Bank of America has also previously commented on AI tools being used by customers.

A recent history of beating analyst estimates for both earnings per share and revenue will be on watch after rival JPMorgan Chase (NYSE: JPM) missed analyst estimates for both earnings and revenue on Tuesday.

Bank of America could show signs of market share gains from other large banks and smaller regional ones in the quarter. Commentary on winning new customers is always an area for investors and analysts to watch.

Bank of America Stock Price Action

Bank of America stock is down 1.2% to $53.94 on Tuesday versus a 52-week trading range of $46.12 to $65.22. Shares are down 3.6% year-to-date in 2026, but remain up 10.4% over the last 52 weeks.