In the latest trading session, Bank of America (BAC) closed at $29.09, marking a -0.68% move from the previous day. This change lagged the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.49%, while the tech-heavy Nasdaq added 0.45%.Heading into today, shares of the nation's second-largest bank had gained 19.02% over the past month, outpacing the Finance sector's gain of 14.25% and the S&P 500's gain of 7.68% in that time.BAC will be looking to display strength as it nears its next earnings release. In that report, analysts expect BAC to post earnings of $0.51 per share. This would mark a year-over-year decline of 31.08%. Our most recent consensus estimate is calling for quarterly revenue of $19.91 billion, down 10.9% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.77 per share and revenue of $85.69 billion. These totals would mark changes of -35.64% and -6.09%, respectively, from last year.Investors might also notice recent changes to analyst estimates for BAC. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. BAC is currently sporting a Zacks Rank of #3 (Hold).Investors should also note BAC's current valuation metrics, including its Forward P/E ratio of 16.52. For comparison, its industry has an average Forward P/E of 14.4, which means BAC is trading at a premium to the group.Also, we should mention that BAC has a PEG ratio of 2.36. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. BAC's industry had an average PEG ratio of 2.09 as of yesterday's close.The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 126, putting it in the top 50% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research