Seaport Res Ptn Lifts Earnings Estimates for Bank of America

Bank of America Corporation (NYSE:BAC - Free Report) - Equities research analysts at Seaport Res Ptn increased their Q3 2025 earnings per share (EPS) estimates for Bank of America in a research report issued to clients and investors on Tuesday, July 8th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $0.97 per share for the quarter, up from their prior forecast of $0.95. 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 Q4 2025 earnings at $0.98 EPS, Q1 2026 earnings at $0.99 EPS and Q3 2026 earnings at $1.17 EPS.

A number of other research analysts have also recently commented on BAC. TD Cowen began coverage on Bank of America in a report on Thursday, May 15th. They issued a "buy" rating and a $53.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price target on Bank of America from $55.00 to $52.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Hsbc Global Res cut Bank of America from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Citigroup upped their price target on Bank of America from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Barclays decreased their price target on Bank of America from $58.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.89.

Bank of America Trading Down 0.5%

BAC traded down $0.23 during trading hours on Thursday, reaching $46.75. The company's stock had a trading volume of 17,247,858 shares, compared to its average volume of 40,439,644. Bank of America has a fifty-two week low of $33.07 and a fifty-two week high of $49.31. The stock has a market cap of $352.08 billion, a PE ratio of 13.90, a P/E/G ratio of 1.27 and a beta of 1.30. The business's 50-day moving average is $44.88 and its 200-day moving average is $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.

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 business had revenue of $27.37 billion during 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%.

Hedge Funds Weigh In On Bank of America

Several hedge funds have recently made changes to their positions in BAC. Gradient Investments LLC grew its holdings in shares of Bank of America by 7.8% during the first quarter. Gradient Investments LLC now owns 696,416 shares of the financial services provider's stock worth $29,061,000 after buying an additional 50,296 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Bank of America by 13.7% during the fourth quarter. Prudential Financial Inc. now owns 6,251,802 shares of the financial services provider's stock worth $274,767,000 after buying an additional 753,880 shares during the last quarter. Employees Retirement System of Texas grew its holdings in shares of Bank of America by 12.7% during the fourth quarter. Employees Retirement System of Texas now owns 158,455 shares of the financial services provider's stock worth $69,640,000 after buying an additional 17,880 shares during the last quarter. Prosperity Wealth Management Inc. purchased a new position in shares of Bank of America during the first quarter worth about $998,000. Finally, Clearstead Trust LLC grew its holdings in shares of Bank of America by 866.9% during the fourth quarter. Clearstead Trust LLC now owns 8,605 shares of the financial services provider's stock worth $378,000 after buying an additional 7,715 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company's stock.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 6th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend 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.