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Q2 EPS Estimates for Bank of America Decreased by Analyst

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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.

View Our Latest Report on Bank of America

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

(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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Earnings History and Estimates for Bank of America (NYSE:BAC)

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