Seaport Res Ptn Expects Lower Earnings for Bank of America

Bank of America Corporation (NYSE:BAC - Free Report) - Stock analysts at Seaport Res Ptn decreased their Q2 2025 earnings per share estimates for shares of Bank of America in a research note issued to investors on Tuesday, July 8th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will post earnings per share of $0.83 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 issued its earnings results on Tuesday, April 15th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $27.37 billion during the quarter, compared to analysts' expectations of $26.83 billion.

BAC has been the subject of several other research reports. UBS Group upped their target price on Bank of America from $46.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Phillip Securities raised Bank of America from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, April 17th. Argus reduced their price target on Bank of America from $53.00 to $47.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods reduced their price target on Bank of America from $55.00 to $52.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Finally, Wall Street Zen downgraded Bank of America from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bank of America has a consensus rating of "Moderate Buy" and an average target price of $48.59.

Bank of America Trading Down 0.6%

Shares of NYSE:BAC traded down $0.28 during trading on Wednesday, reaching $46.87. 46,217,283 shares of the stock were exchanged, compared to its average volume of 40,430,051. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.78 and a current ratio of 0.79. Bank of America has a 12-month low of $33.07 and a 12-month high of $49.31. The firm has a market cap of $353.02 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30. The firm's 50-day moving average price is $44.60 and its 200 day moving average price is $43.50.

Institutional Trading of Bank of America

Institutional investors and hedge funds have recently made changes to their positions in the stock. Graney & King LLC acquired a new stake in shares of Bank of America during the 4th quarter worth approximately $25,000. Nova Wealth Management Inc. raised its position in shares of Bank of America by 75.2% during the 2nd quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider's stock worth $25,000 after purchasing an additional 227 shares during the period. Fairway Wealth LLC acquired a new stake in shares of Bank of America during the 4th quarter worth approximately $29,000. Vega Investment Solutions acquired a new stake in shares of Bank of America during the 4th quarter worth approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Bank of America in the 4th quarter worth approximately $31,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Friday, June 6th. Bank of America's payout ratio is 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.