CNBC's "Squawk on the Street" crew discusses what to expect from Big Bank earnings next week. Subscribe to CNBC PRO for access to investor and analyst insights on Big Banks and more: [ Ссылка ]

The second-quarter earnings reporting season is about to begin and Bank of America has higher hopes for U.S. business results than the rest of Wall Street.

The firm said there is a “big beat ahead,” forecasting overall S&P 500 earnings will come in 8% higher than the consensus of analysts’ expectations.

A fifth of S&P 500 companies report earnings next week with the consensus estimating earnings of $23.20 per share for the second quarter, a 44% decline year over year. Bank of America is forecasting EPS of $25. To be sure, the bank’s estimate is still a 39% decline for earnings since last year.

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