Q1 EPS Estimates for Bank of America Boosted by Analyst

Bank of America Co. (NYSE:BAC - Free Report) - Equities researchers at Seaport Res Ptn boosted their Q1 2025 earnings per share (EPS) estimates for Bank of America in a research note issued on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings of $0.85 per share for the quarter, up from their prior estimate of $0.82. The consensus estimate for Bank of America's current full-year earnings is $3.70 per share. Seaport Res Ptn also issued estimates for Bank of America's Q2 2025 earnings at $0.90 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.99 EPS, Q1 2026 earnings at $1.01 EPS, Q2 2026 earnings at $1.14 EPS, Q3 2026 earnings at $1.18 EPS and Q4 2026 earnings at $1.23 EPS.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings data 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. Bank of America had a net margin of 14.10% and a return on equity of 10.29%. The business had revenue of $25.30 billion for the quarter, compared to analysts' expectations of $25.12 billion. During the same period in the previous year, the firm posted $0.70 EPS. The firm's revenue was up 15.0% compared to the same quarter last year.

A number of other research firms have also recently issued reports on BAC. UBS Group upgraded shares of Bank of America from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $43.00 to $53.00 in a research report on Tuesday, January 7th. Morgan Stanley increased their target price on shares of 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. Oppenheimer raised their target price on Bank of America from $54.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Barclays raised their price objective on Bank of America from $53.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, Truist Financial reduced their price target on Bank of America from $53.00 to $50.00 and set a "buy" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Bank of America has a consensus rating of "Moderate Buy" and an average price target of $48.31.

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Bank of America Stock Performance

Bank of America stock traded down $2.85 during mid-day trading on Friday, hitting $34.37. 107,688,693 shares of the company's stock traded hands, compared to its average volume of 37,808,972. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a 50 day simple moving average of $43.74 and a two-hundred day simple moving average of $43.91. Bank of America has a fifty-two week low of $33.67 and a fifty-two week high of $48.08. The stock has a market cap of $261.32 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 1.21 and a beta of 1.32.

Hedge Funds Weigh In On Bank of America

Several large investors have recently bought and sold shares of BAC. Norges Bank acquired a new position in Bank of America in the 4th quarter worth $5,226,989,000. Capital World Investors lifted its position in shares of Bank of America by 23.9% during the 4th quarter. Capital World Investors now owns 88,210,527 shares of the financial services provider's stock valued at $3,876,853,000 after acquiring an additional 17,031,143 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Bank of America by 10.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 122,437,422 shares of the financial services provider's stock worth $5,381,126,000 after buying an additional 11,691,451 shares during the last quarter. Amundi boosted its position in Bank of America by 37.1% in the fourth quarter. Amundi now owns 37,819,980 shares of the financial services provider's stock valued at $1,747,658,000 after buying an additional 10,231,001 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Bank of America by 31,021.6% in the third quarter. Two Sigma Advisers LP now owns 10,207,900 shares of the financial services provider's stock worth $405,049,000 after purchasing an additional 10,175,100 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.03%. Bank of America's dividend payout ratio is 32.30%.

Bank of America Company Profile

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.