Bank of America Q2 EPS Forecast Increased by Zacks Research

Bank of America Co. (NYSE:BAC) – Equities research analysts at Zacks Research boosted their Q2 2025 earnings per share (EPS) estimates for Bank of America in a report released on Tuesday, December 17th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $0.88 for the quarter, up from their previous forecast of $0.87. 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 Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $3.49 EPS, Q2 2026 earnings at $0.96 EPS and FY2026 earnings at $3.89 EPS.

Other research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft raised Bank of America from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, September 3rd. Oppenheimer increased their target price on Bank of America from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Barclays boosted their target price on Bank of America from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Citigroup upgraded shares of Bank of America from a “neutral” rating to a “buy” rating and increased their price target for the company from $46.00 to $54.00 in a research report on Friday, November 8th. Finally, Phillip Securities upgraded shares of Bank of America from a “neutral” rating to an “accumulate” rating and set a $44.00 price objective for the company in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Bank of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.92.

Bank of America Trading Down 3.4 %

Shares of NYSE BAC opened at $43.50 on Thursday. The company’s 50 day simple moving average is $44.67 and its 200 day simple moving average is $41.61. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.80 and a quick ratio of 0.80. Bank of America has a fifty-two week low of $31.27 and a fifty-two week high of $48.08. The firm has a market capitalization of $333.77 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.55 and a beta of 1.33.

Bank of America (NYSE:BAC) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. Bank of America had a net margin of 12.48% and a return on equity of 10.09%. The company had revenue of $25.30 billion for the quarter, compared to the consensus estimate of $25.25 billion. During the same period in the prior year, the company posted $0.90 EPS. The company’s revenue was up .4% compared to the same quarter last year.

Institutional Investors Weigh In On Bank of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fairway Wealth LLC bought a new position in shares of Bank of America in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC boosted its position in Bank of America by 839.0% during the second quarter. POM Investment Strategies LLC now owns 723 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 646 shares during the last quarter. Kennebec Savings Bank bought a new position in Bank of America in the third quarter valued at approximately $29,000. Christopher J. Hasenberg Inc increased its position in shares of Bank of America by 525.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 1,014 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 852 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Bank of America during the 3rd quarter worth approximately $45,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bank of America

In other news, major shareholder Berkshire Hathaway Inc sold 2,305,415 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $39.27, for a total value of $90,533,647.05. Following the sale, the insider now owns 812,041,811 shares of the company’s stock, valued at $31,888,881,917.97. The trade was a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 39,835,159 shares of company stock valued at $1,609,712,663 over the last three months. Company insiders own 0.29% of the company’s stock.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 6th will be issued a $0.26 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.39%. Bank of America’s dividend payout ratio (DPR) is 37.82%.

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.