Zacks Research Forecasts Lower Earnings for Bank of America

Bank of America Co. (NYSE:BAC) – Equities researchers at Zacks Research lowered their Q1 2026 earnings per share (EPS) estimates for shares of Bank of America in a report issued on Wednesday, February 5th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $0.89 for the quarter, down from their previous forecast of $0.90. The consensus estimate for Bank of America’s current full-year earnings is $3.69 per share. Zacks Research also issued estimates for Bank of America’s FY2027 earnings at $4.88 EPS.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $25.30 billion for the quarter, compared to analyst estimates of $25.12 billion. Bank of America had a return on equity of 10.29% and a net margin of 14.10%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS.

A number of other equities research analysts also recently issued reports on BAC. Hsbc Global Res raised Bank of America from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Wells Fargo & Company increased their target price on Bank of America from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. StockNews.com raised Bank of America from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price objective on shares of Bank of America from $50.00 to $57.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, UBS Group raised shares of Bank of America from a “neutral” rating to a “buy” rating and raised their target price for the company from $43.00 to $53.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.58.

Bank of America Stock Performance

NYSE BAC opened at $46.80 on Monday. The firm has a 50-day moving average price of $45.77 and a two-hundred day moving average price of $42.96. Bank of America has a 12-month low of $32.35 and a 12-month high of $48.08. The company has a market capitalization of $359.08 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.29 and a beta of 1.33. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.04.

Institutional Investors Weigh In On Bank of America

Several hedge funds and other institutional investors have recently bought and sold shares of BAC. Collier Financial acquired a new stake in Bank of America in the 4th quarter valued at $25,000. Life Planning Partners Inc lifted its stake in shares of Bank of America by 3,883.2% in the fourth quarter. Life Planning Partners Inc now owns 559,995 shares of the financial services provider’s stock valued at $25,000 after buying an additional 545,936 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of Bank of America during the third quarter valued at about $29,000. Fairway Wealth LLC bought a new stake in shares of Bank of America during the fourth quarter worth about $29,000. Finally, Highline Wealth Partners LLC raised its holdings in shares of Bank of America by 152.7% in the 4th quarter. Highline Wealth Partners LLC now owns 844 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 510 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given 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 of this dividend is Friday, March 7th. Bank of America’s dividend payout ratio (DPR) is 32.30%.

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.