Bank of America (BAC) Projected to Post Quarterly Earnings on Monday

Bank of America (NYSE:BAC - Get Free Report) is projected to post its Q2 2025 quarterly 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 issued its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.10. Bank of America had a net margin of 14.56% and a return on equity of 10.25%. The firm had revenue of $27.37 billion for the quarter, compared to analyst estimates 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 Up 0.2%

BAC stock traded up $0.08 during midday trading on Thursday, hitting $46.92. The company's stock had a trading volume of 44,192,410 shares, compared to its average volume of 40,528,976. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.78. Bank of America has a twelve month low of $33.07 and a twelve month high of $49.31. The company's fifty day moving average price is $44.88 and its 200 day moving average price is $43.54. The stock has a market capitalization of $353.43 billion, a P/E ratio of 13.97, a PEG ratio of 1.27 and a beta of 1.30.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 6th were paid a $0.26 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.04 annualized dividend and a yield of 2.22%. Bank of America's payout ratio is currently 30.95%.

Hedge Funds Weigh In On Bank of America

A hedge fund recently raised its stake in Bank of America stock. Brighton Jones LLC grew its position in Bank of America Corporation (NYSE:BAC - Free Report) by 30.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 108,872 shares of the financial services provider's stock after buying 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. 70.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Baird R W cut shares of Bank of America from a "strong-buy" rating to a "hold" rating in a report on Friday, June 27th. Hsbc Global Res lowered shares of Bank of America from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Truist Financial increased their price target on shares of Bank of America from $51.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays reduced their price target on shares of Bank of America from $58.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group raised their target price on shares of Bank of America from $46.00 to $52.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Bank of America currently has an average rating of "Moderate Buy" and a consensus price target of $48.89.

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.