Bank of America (NYSE:BAC - Get Free Report) is anticipated to announce its Q2 2025 earnings results before the market opens on Monday, July 14th. Analysts expect Bank of America to post earnings of $0.89 per share and revenue of $26.79 billion for the quarter.
Bank of America (NYSE:BAC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.10. Bank of America had a return on equity of 10.25% and a net margin of 14.56%. The firm had revenue of $27.37 billion during the quarter, compared to the consensus estimate of $26.83 billion. On average, analysts expect Bank of America to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Bank of America Stock Performance
NYSE:BAC traded down $0.28 during mid-day trading on Monday, hitting $48.65. 35,412,031 shares of the company's stock traded hands, compared to its average volume of 40,161,425. The firm has a 50 day moving average of $44.46 and a two-hundred day moving average of $43.47. Bank of America has a 12 month low of $33.07 and a 12 month high of $49.31. The firm has a market capitalization of $366.43 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 1.11.
Bank of America Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.04 annualized dividend and a yield of 2.14%. Bank of America's payout ratio is 30.95%.
Institutional Investors Weigh In On Bank of America
A hedge fund recently raised its stake in Bank of America stock. Brighton Jones LLC increased its stake in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,872 shares of the financial services provider's stock after purchasing an additional 25,143 shares during the period. Brighton Jones LLC's holdings in Bank of America were worth $4,785,000 as of its most recent SEC filing. Institutional investors own 70.71% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on BAC. Evercore ISI reduced their price objective on Bank of America from $51.00 to $48.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. JPMorgan Chase & Co. reduced their price objective on Bank of America from $49.50 to $43.50 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. The Goldman Sachs Group raised their price objective on Bank of America from $46.00 to $52.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Truist Financial reduced their price objective on Bank of America from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Royal Bank Of Canada set a $53.00 price objective on Bank of America and gave the stock an "outperform" rating in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $48.28.
View Our Latest Research Report on BAC
About Bank of America
(
Get Free Report)
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.
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