Bank of America Q2 EPS Estimate Lowered by Seaport Res Ptn

Bank of America Corporation (NYSE:BAC - Free Report) - Equities research analysts at Seaport Res Ptn lowered their Q2 2025 earnings per share (EPS) 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 anticipates 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.

A number of other equities research analysts have also issued reports on BAC. Citigroup increased their price target 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. Truist Financial raised their target price on Bank of America from $51.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday. Argus cut their target price on Bank of America from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Evercore ISI cut their target price on Bank of America from $51.00 to $48.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Finally, Cfra Research raised their target price on Bank of America to $47.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Bank of America presently has an average rating of "Moderate Buy" and a consensus price target of $48.89.

Bank of America Stock Down 0.6%

BAC stock traded down $0.26 during mid-day trading on Wednesday, reaching $46.71. The company had a trading volume of 31,608,474 shares, compared to its average volume of 40,554,722. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.78 and a current ratio of 0.79. The company has a market capitalization of $351.81 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.27 and a beta of 1.30. The firm has a fifty day simple moving average of $44.99 and a 200 day simple moving average of $43.56. 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 results on Tuesday, April 15th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating 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

Institutional investors have recently added to or reduced their stakes in the company. Graney & King LLC purchased a new position in shares of Bank of America in the 4th quarter valued at approximately $25,000. Nova Wealth Management Inc. grew its stake 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 purchasing an additional 227 shares during the last quarter. Fairway Wealth LLC purchased a new position in shares of Bank of America in the 4th quarter valued at 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. Institutional investors and hedge funds own 70.71% of the company's stock.

Bank of America Dividend Announcement

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