Wall Street analysts forecast that Bank of America (BAC Quick QuoteBAC - Free Report) will report quarterly earnings of $0.81 per share in its upcoming release, pointing to a year-over-year decline of 2.4%. It is anticipated that revenues will amount to $26.74 billion, exhibiting an increase of 3.6% compared to the year-ago quarter.

Over the last 30 days, there has been a downward revision of 1.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

That said, let's delve into the average estimates of some Bank of America metrics that Wall Street analysts commonly model and monitor.

Based on the collective assessment of analysts, 'Efficiency Ratio (FTE basis)' should arrive at 62.6%. The estimate compares to the year-ago value of 66.4%.

It is projected by analysts that the 'Total earning assets - Average balance' will reach $2,936.53 billion. Compared to the present estimate, the company reported $2,860.58 billion in the same quarter last year.

The combined assessment of analysts suggests that 'Total nonperforming loans, leases and foreclosed properties' will likely reach $6.52 billion. Compared to the current estimate, the company reported $6.03 billion in the same quarter of the previous year.

The consensus among analysts is that 'Total Non-Performing Loans' will reach $6.48 billion. Compared to the present estimate, the company reported $5.88 billion in the same quarter last year.

Analysts forecast 'Tier 1 Capital Ratio' to reach 13.2%. The estimate compares to the year-ago value of 13.6%.

Analysts expect 'Tier 1 Leverage Ratio' to come in at 6.9%. Compared to the present estimate, the company reported 7.1% in the same quarter last year.

The collective assessment of analysts points to an estimated 'Total Noninterest Income' of $12.35 billion. Compared to the present estimate, the company reported $11.79 billion in the same quarter last year.

Analysts' assessment points toward 'Net Interest Income- Fully taxable-equivalent basis' reaching $14.58 billion. The estimate is in contrast to the year-ago figure of $14.19 billion.

According to the collective judgment of analysts, 'Investment and brokerage services' should come in at $4.69 billion. Compared to the current estimate, the company reported $4.19 billion in the same quarter of the previous year.

The consensus estimate for 'Investment banking fees' stands at $1.59 billion. Compared to the current estimate, the company reported $1.57 billion in the same quarter of the previous year.

Analysts predict that the 'Total fees and commissions' will reach $9.35 billion. The estimate is in contrast to the year-ago figure of $8.66 billion.

The average prediction of analysts places 'Service charges' at $1.54 billion. The estimate compares to the year-ago value of $1.44 billion.

View all Key Company Metrics for Bank of America here>>>

Over the past month, shares of Bank of America have returned -6.9% versus the Zacks S&P 500 composite's -5.3% change. Currently, BAC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>