Seaport Res Ptn Weighs in on Bank of America FY2025 Earnings

Bank of America Corporation (NYSE:BAC) – Research analysts at Seaport Res Ptn raised their FY2025 earnings estimates for shares of Bank of America in a note issued to investors on Monday, October 20th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will post earnings per share of $3.79 for the year, up from their prior estimate of $3.69. 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 $0.95 EPS, Q2 2026 earnings at $1.14 EPS and Q4 2026 earnings at $1.17 EPS.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The firm had revenue of $28.09 billion during the quarter, compared to the consensus estimate of $27.05 billion. During the same quarter last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year.

Other analysts have also issued reports about the stock. Seaport Global Securities increased their price objective on shares of Bank of America from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. TD Cowen raised their target price on shares of Bank of America from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Wells Fargo & Company raised their target price on shares of Bank of America from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Evercore ISI raised their target price on shares of Bank of America from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Finally, HSBC raised their target price on shares of Bank of America from $51.00 to $53.00 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.23.

Bank of America Stock Down 1.0%

Shares of NYSE:BAC opened at $51.52 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. Bank of America has a 12 month low of $33.06 and a 12 month high of $52.88. The company has a market cap of $381.58 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.98 and a beta of 1.33. The company has a 50-day moving average price of $50.31 and a 200 day moving average price of $46.04.

Bank of America declared that its board has initiated a stock buyback program on Wednesday, July 23rd that permits the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 11.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider James P. Demare sold 148,391 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $45.57, for a total transaction of $6,762,177.87. Following the transaction, the insider directly owned 223,407 shares in the company, valued at approximately $10,180,656.99. This trade represents a 39.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Bank of America

A number of hedge funds and other institutional investors have recently modified their holdings of BAC. Brighton Jones LLC boosted its stake in shares of Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after purchasing an additional 25,143 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Bank of America by 8.2% during the first quarter. GAMMA Investing LLC now owns 111,527 shares of the financial services provider’s stock valued at $4,654,000 after purchasing an additional 8,435 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Bank of America by 64.9% in the first quarter. Exchange Traded Concepts LLC now owns 5,534 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 2,179 shares during the last quarter. Ridgecrest Wealth Partners LLC grew its holdings in Bank of America by 16.8% in the first quarter. Ridgecrest Wealth Partners LLC now owns 13,882 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Live Oak Private Wealth LLC grew its holdings in Bank of America by 0.9% in the first quarter. Live Oak Private Wealth LLC now owns 377,203 shares of the financial services provider’s stock worth $15,741,000 after purchasing an additional 3,549 shares during the last quarter. 70.71% of the stock is currently owned by 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.