Q2 2025 Earnings Estimate for Bank of America Co. Issued By Seaport Res Ptn (NYSE:BAC)

Bank of America Co. (NYSE:BAC) – Stock analysts at Seaport Res Ptn boosted their Q2 2025 earnings per share (EPS) estimates for Bank of America in a research note issued to investors on Wednesday, April 17th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings per share of $0.89 for the quarter, up from their prior estimate of $0.87. The consensus estimate for Bank of America’s current full-year earnings is $3.16 per share.

A number of other brokerages have also commented on BAC. BMO Capital Markets lifted their price target on Bank of America from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday. Odeon Capital Group downgraded Bank of America from a “buy” rating to a “hold” rating and set a $33.90 target price for the company. in a research report on Tuesday, January 16th. Jefferies Financial Group raised their target price on Bank of America from $36.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Evercore ISI raised their target price on Bank of America from $37.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, Barclays raised their target price on Bank of America from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.53.

Bank of America Stock Performance

Shares of Bank of America stock opened at $36.97 on Friday. The business’s fifty day simple moving average is $35.68 and its 200 day simple moving average is $32.31. The firm has a market capitalization of $291.72 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39. Bank of America has a 12 month low of $24.96 and a 12 month high of $38.35. The company has a current ratio of 0.79, a quick ratio of 0.80 and a debt-to-equity ratio of 1.12.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $25.82 billion for the quarter, compared to analyst estimates of $25.49 billion. Bank of America had a return on equity of 10.88% and a net margin of 13.94%. Bank of America’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Thursday, February 29th. Bank of America’s dividend payout ratio (DPR) is presently 33.22%.

Hedge Funds Weigh In On Bank of America

Several hedge funds have recently made changes to their positions in BAC. Fortis Group Advisors LLC purchased a new position in Bank of America during the third quarter worth about $25,000. Quarry LP purchased a new position in Bank of America during the fourth quarter worth about $25,000. Glass Jacobson Investment Advisors llc grew its position in Bank of America by 98.1% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,018 shares of the financial services provider’s stock worth $28,000 after buying an additional 504 shares in the last quarter. Livelsberger Financial Advisory purchased a new position in Bank of America during the fourth quarter worth about $28,000. Finally, Castleview Partners LLC purchased a new position in Bank of America during the first quarter worth about $28,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

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.