Bank of America Q2 EPS Forecast Increased by Zacks Research

Bank of America Co. (NYSE:BAC) – Research analysts at Zacks Research lifted their Q2 2025 earnings estimates for shares of Bank of America in a research report issued to clients and investors on Wednesday, February 5th. Zacks Research analyst R. Department now expects that the financial services provider will earn $0.91 per share for the quarter, up from their previous forecast of $0.90. The consensus estimate for Bank of America’s current full-year earnings is $3.67 per share. Zacks Research also issued estimates for Bank of America’s Q3 2025 earnings at $0.93 EPS, FY2025 earnings at $3.58 EPS, Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $1.08 EPS, Q4 2026 earnings at $1.19 EPS and FY2026 earnings at $4.17 EPS.

Other research analysts also recently issued reports about the company. UBS Group raised Bank of America from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $43.00 to $53.00 in a report on Tuesday, January 7th. StockNews.com upgraded Bank of America from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price target on Bank of America from $50.00 to $57.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Evercore ISI lowered their price objective on shares of Bank of America from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley boosted their target price on shares of Bank of America from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and an average target price of $48.58.

Bank of America Price Performance

Shares of Bank of America stock opened at $47.43 on Friday. Bank of America has a twelve month low of $32.35 and a twelve month high of $48.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $363.89 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.26 and a beta of 1.33. The firm’s 50-day simple moving average is $45.77 and its 200-day simple moving average is $42.88.

Bank of America (NYSE:BAC) last announced its earnings results on Thursday, January 16th. The financial services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. Bank of America had a return on equity of 10.29% and a net margin of 14.10%. The firm had revenue of $25.30 billion during the quarter, compared to the consensus estimate of $25.12 billion. During the same quarter in the prior year, the company earned $0.70 EPS. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year.

Hedge Funds Weigh In On Bank of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Warburton Capital Management LLC acquired a new position in shares of Bank of America in the fourth quarter valued at approximately $648,000. Natural Investments LLC acquired a new position in Bank of America in the 4th quarter valued at $741,000. Fairway Wealth LLC bought a new position in Bank of America during the 4th quarter worth $29,000. Cornerstone Advisors LLC lifted its holdings in shares of Bank of America by 1.2% during the fourth quarter. Cornerstone Advisors LLC now owns 500,300 shares of the financial services provider’s stock worth $21,988,000 after buying an additional 5,700 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of Bank of America by 0.3% in the fourth quarter. King Luther Capital Management Corp now owns 7,434,169 shares of the financial services provider’s stock valued at $326,732,000 after acquiring an additional 20,835 shares during the period. 70.71% of the stock is owned by institutional investors.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, March 7th. Bank of America’s payout ratio is currently 32.30%.

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.