Brokers Issue Forecasts for Bank of America Q2 Earnings

Bank of America Corporation (NYSE:BAC - Free Report) - Research analysts at Seaport Res Ptn dropped their Q2 2025 earnings per share estimates for Bank of America in a research report issued on Tuesday, July 8th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings of $0.83 per share for the quarter, down from their previous estimate of $0.88. 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 FY2025 earnings at $3.68 EPS, Q2 2026 earnings at $1.10 EPS and Q4 2026 earnings at $1.19 EPS.

A number of other equities analysts have also commented on the company. Phillip Securities raised Bank of America from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, April 17th. Robert W. Baird reissued a "neutral" rating and issued a $52.00 price target on shares of Bank of America in a research note on Friday, June 27th. Cfra Research boosted their price target on Bank of America to $47.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Hsbc Global Res lowered Bank of America from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, Royal Bank Of Canada set a $53.00 price target on Bank of America and gave the company an "outperform" rating in a research note 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 one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $48.89.

Bank of America Trading Down 0.6%

Shares of Bank of America stock traded down $0.26 during midday trading on Wednesday, reaching $46.71. The company had a trading volume of 31,608,284 shares, compared to its average volume of 40,493,139. The stock has a fifty day moving average price of $44.88 and a 200 day moving average price of $43.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.78. The firm has a market cap of $351.81 billion, a PE ratio of 13.90, a P/E/G ratio of 1.27 and a beta of 1.30. Bank of America has a fifty-two week low of $33.07 and a fifty-two week high of $49.31.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.10. The company had revenue of $27.37 billion for the quarter, compared to analyst estimates of $26.83 billion. Bank of America had a return on equity of 10.25% and a net margin of 14.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BAC. Graney & King LLC purchased a new stake in Bank of America during the 4th quarter worth about $25,000. Nova Wealth Management Inc. raised its holdings in shares of Bank of America by 75.2% in the 2nd quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 227 shares in the last quarter. Fairway Wealth LLC purchased a new stake in shares of Bank of America in the 4th quarter valued at about $29,000. Vega Investment Solutions purchased a new stake in shares of Bank of America in the 4th quarter valued at about $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Bank of America in the 4th quarter valued at about $31,000. Institutional investors own 70.71% of the company's stock.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, June 6th. This represents a $1.04 annualized dividend and a yield of 2.23%. Bank of America's dividend payout ratio (DPR) is currently 30.95%.

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.