Q1 EPS Forecast for Bank of America Raised by Analyst

Bank of America Co. (NYSE:BAC) – Seaport Res Ptn lifted their Q1 2025 earnings per share estimates for shares of Bank of America in a report issued on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings per share of $0.85 for the quarter, up from their previous forecast of $0.82. 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 Q2 2025 earnings at $0.90 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.99 EPS, Q1 2026 earnings at $1.01 EPS, Q2 2026 earnings at $1.14 EPS, Q3 2026 earnings at $1.18 EPS and Q4 2026 earnings at $1.23 EPS.

A number of other analysts have also weighed in on BAC. Piper Sandler lowered their target price on Bank of America from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on Bank of America from $49.50 to $43.50 and set an “overweight” rating on the stock in a research report on Thursday. Evercore ISI reduced their target price on shares of Bank of America from $51.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group upgraded shares of Bank of America from a “neutral” rating to a “buy” rating and raised their price target for the company from $43.00 to $53.00 in a report on Tuesday, January 7th. Finally, HSBC upgraded shares of Bank of America from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and a consensus target price of $48.31.

Bank of America Price Performance

Shares of BAC opened at $34.37 on Friday. 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 company has a 50 day moving average price of $43.74 and a 200-day moving average price of $43.88. Bank of America has a fifty-two week low of $33.67 and a fifty-two week high of $48.08. The stock has a market capitalization of $261.32 billion, a PE ratio of 10.67, a PEG ratio of 1.21 and a beta of 1.32.

Bank of America (NYSE:BAC) last released its quarterly earnings data 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. The firm had revenue of $25.30 billion during the quarter, compared to the consensus estimate of $25.12 billion. Bank of America had a return on equity of 10.29% and a net margin of 14.10%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share.

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, March 7th. Bank of America’s dividend payout ratio (DPR) is 32.30%.

Institutional Trading of Bank of America

A number of hedge funds have recently added to or reduced their stakes in BAC. Principal Financial Group Inc. raised its position in shares of Bank of America by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 15,415,630 shares of the financial services provider’s stock worth $611,692,000 after purchasing an additional 569,385 shares during the last quarter. Edgestream Partners L.P. boosted its position in Bank of America by 221.3% during the third quarter. Edgestream Partners L.P. now owns 20,734 shares of the financial services provider’s stock worth $823,000 after acquiring an additional 14,281 shares during the last quarter. Janus Henderson Group PLC grew its stake in Bank of America by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,090,042 shares of the financial services provider’s stock valued at $43,268,000 after acquiring an additional 9,137 shares in the last quarter. Morse Asset Management Inc acquired a new stake in Bank of America in the 3rd quarter valued at about $306,000. Finally, Redwood Grove Capital LLC raised its holdings in Bank of America by 17.3% in the 3rd quarter. Redwood Grove Capital LLC now owns 428,207 shares of the financial services provider’s stock valued at $16,991,000 after acquiring an additional 63,307 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

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.