Bank of America’s third quarter earnings beat expectations on revenue and on EPS. Read why I sold 33% of my shares shortly after BAC’s release came out.

Bank of America, Goldman Sachs and Citigroup will be the next big banks to report results on Tuesday. They follow JPMorgan and Wells Fargo, whose earnings last week were well received by Wall Street.

The sell side has subdued expectations for BofA's Q3 earnings. In terms of relative sector performance, Citigroup has been a big laggard, though it has started to turn operationally.