Brokers Set Expectations for Bank of America Q1 Earnings

Bank of America Co. (NYSE:BAC - Free Report) - Analysts at Zacks Research upped their Q1 2025 earnings estimates for shares of Bank of America in a note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the financial services provider will earn $0.78 per share for the quarter, up from their previous estimate of $0.71. The consensus estimate for Bank of America's current full-year earnings is $3.27 per share. Zacks Research also issued estimates for Bank of America's Q2 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.94 EPS, FY2025 earnings at $3.48 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $0.95 EPS, Q3 2026 earnings at $0.95 EPS and FY2026 earnings at $3.86 EPS.

Several other research firms have also recently commented on BAC. StockNews.com raised shares of Bank of America from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised Bank of America from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a report on Tuesday, September 3rd. Evercore ISI lifted their price target on Bank of America from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Citigroup upgraded Bank of America from a "neutral" rating to a "buy" rating and upped their price objective for the company from $46.00 to $54.00 in a report on Friday, November 8th. Finally, Wells Fargo & Company lifted their target price on Bank of America from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.26.

Bank of America Stock Performance

Shares of BAC traded down $0.03 during trading hours on Monday, reaching $46.72. 32,265,066 shares of the company's stock traded hands, compared to its average volume of 38,693,961. The firm has a market capitalization of $358.48 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 1.58 and a beta of 1.32. The business's fifty day simple moving average is $41.49 and its two-hundred day simple moving average is $40.37. Bank of America has a twelve month low of $29.32 and a twelve month high of $47.02. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.80 and a quick ratio of 0.80.

Bank of America (NYSE:BAC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.78 by $0.03. Bank of America had a return on equity of 10.09% and a net margin of 12.48%. The firm had revenue of $25.30 billion for the quarter, compared to analysts' expectations of $25.25 billion. During the same period last year, the firm earned $0.90 EPS. The firm's revenue was up .4% compared to the same quarter last year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 6th will be issued a $0.26 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.23%. Bank of America's dividend payout ratio is 37.82%.

Bank of America announced that its Board of Directors has authorized a share repurchase program on Wednesday, July 24th that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 7.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Bank of America

In other Bank of America news, insider Bernard A. Mensah sold 92,000 shares of Bank of America stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $39.80, for a total transaction of $3,661,600.00. Following the completion of the sale, the insider now owns 96,082 shares of the company's stock, valued at $3,824,063.60. This trade represents a 48.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Berkshire Hathaway Inc sold 10,975,008 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $39.87, for a total transaction of $437,573,568.96. Following the completion of the transaction, the insider now directly owns 910,731,659 shares in the company, valued at $36,310,871,244.33. This trade represents a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,848,970 shares of company stock valued at $4,145,103,288 over the last three months. 0.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bank of America

Several institutional investors have recently made changes to their positions in BAC. Fortem Financial Group LLC lifted its stake in Bank of America by 2.3% in the third quarter. Fortem Financial Group LLC now owns 16,777 shares of the financial services provider's stock valued at $666,000 after acquiring an additional 375 shares during the last quarter. Arete Wealth Advisors LLC acquired a new stake in shares of Bank of America in the 3rd quarter valued at $2,011,000. Coldstream Capital Management Inc. boosted its holdings in Bank of America by 10.8% in the third quarter. Coldstream Capital Management Inc. now owns 113,286 shares of the financial services provider's stock worth $4,563,000 after purchasing an additional 11,075 shares in the last quarter. Geode Capital Management LLC increased its position in Bank of America by 1.2% during the third quarter. Geode Capital Management LLC now owns 140,255,970 shares of the financial services provider's stock worth $5,546,871,000 after buying an additional 1,700,141 shares during the last quarter. Finally, MidWestOne Financial Group Inc. increased its position in Bank of America by 7.6% during the third quarter. MidWestOne Financial Group Inc. now owns 19,714 shares of the financial services provider's stock worth $782,000 after buying an additional 1,387 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

About Bank of America

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.