Bank of America Q1 EPS Forecast Lifted by Zacks Research

Bank of America Co. (NYSE:BAC) – Equities researchers at Zacks Research boosted their Q1 2025 EPS estimates for shares of Bank of America in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $0.78 per share for the quarter, up from their prior estimate of $0.71. The consensus estimate for Bank of America’s current full-year earnings is $3.27 per share. Zacks Research also issued estimates for Bank of America’s Q2 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.94 EPS, FY2025 earnings at $3.48 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $0.95 EPS, Q3 2026 earnings at $0.95 EPS and FY2026 earnings at $3.86 EPS.

A number of other equities analysts also recently issued reports on the stock. Oppenheimer increased their price target on shares of Bank of America from $50.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Citigroup raised shares of Bank of America from a “neutral” rating to a “buy” rating and increased their price objective for the company from $46.00 to $54.00 in a research note on Friday, November 8th. Barclays increased their price objective on shares of Bank of America from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised shares of Bank of America from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, September 3rd. Finally, Morgan Stanley increased their price objective on shares of Bank of America from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.26.

Bank of America Stock Performance

Shares of BAC opened at $46.75 on Monday. The company has a 50-day simple moving average of $41.49 and a 200-day simple moving average of $40.37. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $358.71 billion, a PE ratio of 17.00, a P/E/G ratio of 1.58 and a beta of 1.32. Bank of America has a 52-week low of $29.22 and a 52-week high of $46.84.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The company had revenue of $25.30 billion during the quarter, compared to the consensus estimate of $25.25 billion. Bank of America had a net margin of 12.48% and a return on equity of 10.09%. Bank of America’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS.

Hedge Funds Weigh In On Bank of America

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Bank of America by 1.2% in the third quarter. Geode Capital Management LLC now owns 140,255,970 shares of the financial services provider’s stock worth $5,546,871,000 after purchasing an additional 1,700,141 shares during the period. MidWestOne Financial Group Inc. boosted its holdings in Bank of America by 7.6% in the third quarter. MidWestOne Financial Group Inc. now owns 19,714 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 1,387 shares during the period. 3Chopt Investment Partners LLC boosted its holdings in Bank of America by 9.1% in the third quarter. 3Chopt Investment Partners LLC now owns 40,377 shares of the financial services provider’s stock worth $1,602,000 after purchasing an additional 3,369 shares during the period. Brophy Wealth Management LLC acquired a new position in Bank of America in the third quarter worth $434,000. Finally, Vestcor Inc boosted its holdings in Bank of America by 2.5% in the third quarter. Vestcor Inc now owns 177,009 shares of the financial services provider’s stock worth $7,024,000 after purchasing an additional 4,300 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Insider Activity at Bank of America

In other news, major shareholder Berkshire Hathaway Inc sold 8,694,538 shares of Bank of America stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $42.55, for a total transaction of $369,952,591.90. Following the sale, the insider now owns 766,305,462 shares in the company, valued at $32,606,297,408.10. This trade represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bernard A. Mensah sold 92,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $39.80, for a total transaction of $3,661,600.00. Following the sale, the insider now directly owns 96,082 shares of the company’s stock, valued at $3,824,063.60. The trade was a 48.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,848,970 shares of company stock worth $4,145,103,288. Company insiders own 0.29% of the company’s stock.

Bank of America declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 24th that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 7.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 6th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.04 annualized dividend and a yield of 2.22%. Bank of America’s payout ratio is 37.82%.

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.