Zacks Research Predicts Higher Earnings for Bank of America

Bank of America Co. (NYSE:BAC - Free Report) - Equities research analysts at Zacks Research raised their Q2 2025 earnings per share (EPS) estimates for Bank of America in a research note issued to investors on Wednesday, February 5th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $0.91 per share for the quarter, up from their prior forecast of $0.90. The consensus estimate for Bank of America's current full-year earnings is $3.67 per share. Zacks Research also issued estimates for Bank of America's Q3 2025 earnings at $0.93 EPS, FY2025 earnings at $3.58 EPS, Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $1.08 EPS, Q4 2026 earnings at $1.19 EPS and FY2026 earnings at $4.17 EPS.

A number of other analysts have also commented on the stock. Barclays upped their price objective on shares of Bank of America from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Truist Financial increased their target price on Bank of America from $52.00 to $53.00 and gave the company a "buy" rating in a report on Friday, January 17th. Morgan Stanley upped their price target on Bank of America from $54.00 to $56.00 and gave the company an "equal weight" rating in a research report on Friday, January 17th. StockNews.com raised Bank of America from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Finally, Citigroup upgraded shares of Bank of America from a "neutral" rating to a "buy" rating and raised their price target for the stock from $46.00 to $54.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Bank of America currently has a consensus rating of "Moderate Buy" and an average price target of $48.58.

Bank of America Price Performance

Shares of NYSE BAC traded down $0.31 during mid-day trading on Friday, reaching $47.43. The company had a trading volume of 26,496,675 shares, compared to its average volume of 36,113,137. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.04. Bank of America has a 1-year low of $32.35 and a 1-year high of $48.08. The stock has a market cap of $363.89 billion, a PE ratio of 14.73, a P/E/G ratio of 1.26 and a beta of 1.33. The company has a 50-day moving average price of $45.77 and a two-hundred day moving average price of $42.88.

Bank of America (NYSE:BAC - Get Free Report) last released its earnings results on Thursday, January 16th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $25.30 billion during the quarter, compared to analyst estimates of $25.12 billion. Bank of America had a net margin of 14.10% and a return on equity of 10.29%. The business's quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 earnings per share.

Institutional Trading of Bank of America

Several large investors have recently modified their holdings of the company. Hoxton Planning & Management LLC boosted its position in shares of Bank of America by 6.7% in the third quarter. Hoxton Planning & Management LLC now owns 6,427 shares of the financial services provider's stock valued at $255,000 after acquiring an additional 402 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Bank of America by 22.6% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,564 shares of the financial services provider's stock valued at $380,000 after purchasing an additional 1,761 shares during the period. Daymark Wealth Partners LLC grew its position in Bank of America by 10.2% in the 3rd quarter. Daymark Wealth Partners LLC now owns 55,528 shares of the financial services provider's stock worth $2,203,000 after purchasing an additional 5,152 shares during the last quarter. Abner Herrman & Brock LLC raised its position in shares of Bank of America by 4.5% during the third quarter. Abner Herrman & Brock LLC now owns 396,662 shares of the financial services provider's stock valued at $15,740,000 after buying an additional 16,909 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Bank of America by 6.3% in the third quarter. Hexagon Capital Partners LLC now owns 59,056 shares of the financial services provider's stock valued at $2,343,000 after buying an additional 3,503 shares during the period. 70.71% of the stock is owned by institutional investors.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, March 7th. Bank of America's payout ratio is 32.30%.

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.