Q2 2025 EPS Estimates for Bank of America Co. Raised by Seaport Res Ptn (NYSE:BAC)

Bank of America Co. (NYSE:BAC) – Research analysts at Seaport Res Ptn upped their Q2 2025 earnings per share estimates for Bank of America in a note issued to investors on Wednesday, April 17th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings of $0.89 per share for the quarter, up from their previous estimate of $0.87. The consensus estimate for Bank of America’s current full-year earnings is $3.17 per share.

Several other equities research analysts have also issued reports on the company. Evercore ISI lifted their price objective on Bank of America from $37.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. UBS Group reiterated a “neutral” rating and set a $40.00 price target (up previously from $39.00) on shares of Bank of America in a research report on Thursday, April 4th. Wolfe Research upgraded shares of Bank of America from a “peer perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Friday. Oppenheimer lowered their target price on shares of Bank of America from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley raised shares of Bank of America from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $32.00 to $41.00 in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $38.53.

Bank of America Stock Up 3.4 %

Shares of NYSE:BAC opened at $36.97 on Friday. The company has a market cap of $291.72 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.61 and a beta of 1.39. Bank of America has a one year low of $24.96 and a one year high of $38.35. The firm has a fifty day moving average price of $35.68 and a two-hundred day moving average price of $32.35. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.80.

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

Hedge Funds Weigh In On Bank of America

Large investors have recently bought and sold shares of the stock. Fortis Group Advisors LLC bought a new position in shares of Bank of America in the third quarter worth approximately $25,000. Quarry LP bought a new stake in Bank of America during the 4th quarter valued at $25,000. Glass Jacobson Investment Advisors llc boosted its position in Bank of America by 98.1% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,018 shares of the financial services provider’s stock valued at $28,000 after buying an additional 504 shares during the period. Livelsberger Financial Advisory bought a new stake in Bank of America in the 4th quarter worth $28,000. Finally, Castleview Partners LLC purchased a new position in shares of Bank of America in the first quarter valued at about $28,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Dividend Announcement

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

About Bank of America

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.