Bank of America Q2 EPS Estimate Raised by Zacks Research

Bank of America Co. (NYSE:BAC - Free Report) - Stock analysts at Zacks Research boosted their Q2 2025 earnings per share estimates for Bank of America in a research report issued to clients and investors on Tuesday, December 17th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $0.88 per share for the quarter, up from their previous estimate of $0.87. 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 Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $3.49 EPS, Q2 2026 earnings at $0.96 EPS and FY2026 earnings at $3.89 EPS.

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

BAC has been the subject of a number of other reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $46.00 price target on shares of Bank of America in a research report on Wednesday, October 9th. Piper Sandler raised their target price on Bank of America from $44.00 to $50.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Morgan Stanley downgraded shares of Bank of America from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $48.00 to $55.00 in a report on Monday, December 9th. Barclays raised their price objective on shares of Bank of America from $49.00 to $53.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, Citigroup upgraded shares of Bank of America from a "neutral" rating to a "buy" rating and boosted their target price for the company from $46.00 to $54.00 in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $45.92.

Bank of America Stock Down 0.3 %

NYSE:BAC traded down $0.12 on Thursday, hitting $43.38. The stock had a trading volume of 38,380,945 shares, compared to its average volume of 38,172,504. Bank of America has a 1 year low of $31.27 and a 1 year high of $48.08. The firm's fifty day simple moving average is $44.73 and its two-hundred day simple moving average is $41.62. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $332.85 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 1.55 and a beta of 1.33.

Institutional Investors Weigh In On Bank of America

Hedge funds have recently bought and sold shares of the stock. Accent Capital Management LLC boosted its holdings in shares of Bank of America by 43.0% in the 3rd quarter. Accent Capital Management LLC now owns 39,500 shares of the financial services provider's stock worth $1,567,000 after purchasing an additional 11,873 shares in the last quarter. Summit Global Investments boosted its stake in Bank of America by 237.6% in the third quarter. Summit Global Investments now owns 51,278 shares of the financial services provider's stock worth $2,035,000 after buying an additional 36,089 shares in the last quarter. Geode Capital Management LLC grew 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 valued at $5,546,871,000 after acquiring an additional 1,700,141 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in shares of Bank of America by 125.8% during the third quarter. Baker Avenue Asset Management LP now owns 61,002 shares of the financial services provider's stock worth $2,421,000 after acquiring an additional 33,983 shares in the last quarter. Finally, Copley Financial Group Inc. bought a new stake in shares of Bank of America in the 3rd quarter worth approximately $550,000. 70.71% of the stock is currently owned by institutional investors.

Insider Transactions at Bank of America

In other news, major shareholder Berkshire Hathaway Inc sold 8,694,538 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $42.55, for a total transaction of $369,952,591.90. Following the completion of the transaction, the insider now owns 766,305,462 shares of the company's stock, valued at approximately $32,606,297,408.10. The trade was a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 39,835,159 shares of company stock valued at $1,609,712,663. 0.29% of the stock is currently owned by company insiders.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 6th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.40%. Bank of America's dividend payout ratio (DPR) is currently 37.82%.

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.