Q2 earnings growth for the Zacks Finance sector is now expected to be +14.3% on +4.8% revenue growth. With about two-thirds of the sector’s market capitalization still to report Q2 results, the Q2 earnings growth pace should go up further in the days ahead.

Earnings Estimates: Analysts expect Bank of America to report second-quarter revenue of $26.81 billion, up from $25.54 billion in last year's second quarter, according to data from Benzinga Pro. The company has beaten analyst estimates for revenue in five straight quarters and in nine of the last 10 quarters overall.

Goldman Sachs, Bank of America, and Morgan Stanley just dropped their Q2 earnings numbers, and let’s be honest, Wall Street analysts got smoked. All three blew past what analysts had projected, thanks mostly to market chaos and a surge in trading activity.