Bank of America’s BAC trading revenues (constituting a substantial part of its top line) are not expected to have improved much in the second quarter of 2021. Unlike the prior five quarters, wherein significant market volatility and client activity supported trading revenues; market normalization and reduced volatility are expected to have dampened the same this time around. Thus, the company’s trading revenues are less likely to offer major support to its upcoming results, slated to be announced on Jul 14, before market open.Like the past few quarters, all major indexes — the S&P 500, Dow Jones and Nasdaq — witnessed an upswing in the second quarter and touched new highs. However, low volatility is expected to have affected equity volumes to some extent. While the Federal Reserve’s bond-buying program is likely to have offered some support to fixed-income trading volumes, BofA’s equity and fixed-income trading revenues are not expected to have improved in the to-be-reported quarter.The Zacks Consensus Estimate for equity trading revenues of $1.49 billion suggests a decline of 18.6% from the prior quarter’s reported number. The consensus estimate for fixed-income trading revenues of $2.44 billion indicates a fall of 24.8%. The consensus estimate for total trading revenues is pegged at $3.93 billion, reflecting a decline of 22.6% sequentially.Overall Earnings & Revenue Growth ExpectationsThe Zacks Consensus Estimate for BofA’s earnings for the second quarter is pegged at 77 cents, which indicates a significant rise from the prior-year quarter’s reported number.The consensus estimate for sales of $21.85 billion suggests a 2.1% decline on a year-over-year basis.Bank of America Corporation Price and EPS Surprise Bank of America Corporation price-eps-surprise | Bank of America Corporation QuoteClick here to know about the other factors that are likely to have impacted BofA’s overall performance.Our TakeDecent investment banking performance is expected to have supported the Zacks Rank #3 (Hold) stock’s second-quarter performance. However, muted loan growth, dismal trading business performance and low interest rates are expected to have hurt the top line.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Competitive LandscapeFor JPMorgan JPM, as projected by the CEO Jamie Dimon in mid-June, markets revenues were “north of $6 billion” at $6.8 billion, down 30% year over year in the quarter under review. Fixed income markets revenues plunged 44% due to lower revenues across products, while equity markets revenues grew 13% on the back of solid performance across products.Trading revenues constitute a major portion of total revenues for Citigroup C and Morgan Stanley MS as well. Similar to BofA, dismal trading performance is likely to have adversely impacted these banks’ revenues and earnings in the second quarter. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>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 JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research