Q2 EPS Estimates for Bank of America Decreased by Analyst

Bank of America Corporation (NYSE:BAC - Free Report) - Seaport Res Ptn cut their Q2 2025 earnings per share estimates for shares of Bank of America in a report issued on Tuesday, July 8th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will earn $0.83 per share for the quarter, down from their prior forecast 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.

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, topping analysts' consensus estimates of $0.80 by $0.10. The business 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%.

Several other equities analysts have also commented on the company. Cowen initiated coverage on Bank of America in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. HSBC lowered Bank of America from a "buy" rating to a "hold" rating and increased their price objective for the company from $47.00 to $51.00 in a research report on Monday. Truist Financial increased their price objective on Bank of America from $51.00 to $53.00 and gave the company a "buy" rating in a research report on Wednesday. Hsbc Global Res lowered Bank of America from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Citigroup increased their price objective on Bank of America from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Two 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.89.

Bank of America Price Performance

NYSE BAC traded up $0.08 during trading on Wednesday, reaching $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 stock has a market capitalization of $353.43 billion, a PE ratio of 13.97, a P/E/G ratio of 1.27 and a beta of 1.30. 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 fifty day moving average of $44.74 and a 200 day moving average of $43.52. Bank of America has a one year low of $33.07 and a one year high of $49.31.

Bank of America Dividend Announcement

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

Institutional Investors Weigh In On Bank of America

Several institutional investors and hedge funds have recently bought and sold shares of BAC. Graney & King LLC purchased a new stake in Bank of America in the 4th quarter worth approximately $25,000. Nova Wealth Management Inc. lifted its holdings in 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 worth $25,000 after buying an additional 227 shares during the period. Fairway Wealth LLC purchased a new stake in Bank of America in the 4th quarter worth approximately $29,000. Vega Investment Solutions purchased a new position in shares of Bank of America in the 4th quarter valued at approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Bank of America in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 70.71% of the company's stock.

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.