Investing.com – Bank of America Corp. (NYSE:BAC) is set to report FQ2 2014 earnings before the market opens on Wednesday, July 16th. Most analysts predicted a contraction in earnings from a majority of the banks this earnings season including Bank of America. Although Wells Fargo (NYSE:WFC) reported in-line with Wall Street’s expectations, stronger than anticipated results from Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), and Goldman Sachs (NYSE:GS) all indicate that the banks may be in for a better earnings season than previously thought.