Zacks Research Comments on Bank of America FY2025 Earnings

Bank of America Corporation (NYSE:BAC) – Investment analysts at Zacks Research upped their FY2025 EPS estimates for Bank of America in a research report issued to clients and investors on Wednesday, November 5th. Zacks Research analyst Team now anticipates that the financial services provider will earn $3.81 per share for the year, up from their previous estimate of $3.66. The consensus estimate for Bank of America’s current full-year earnings is $3.70 per share. Zacks Research also issued estimates for Bank of America’s Q3 2026 earnings at $1.11 EPS and FY2026 earnings at $4.27 EPS.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The company had revenue of $28.09 billion during the quarter, compared to the consensus estimate of $27.05 billion. During the same quarter last year, the firm posted $0.81 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis.

A number of other brokerages have also recently issued reports on BAC. JPMorgan Chase & Co. boosted their price objective on Bank of America from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Morgan Stanley raised their target price on Bank of America from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday. Truist Financial boosted their target price on Bank of America from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Seaport Global Securities increased their target price on shares of Bank of America from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, Piper Sandler raised their price target on shares of Bank of America from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Twenty-three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.86.

Bank of America Stock Up 1.8%

BAC stock opened at $53.38 on Friday. The business’s 50 day simple moving average is $51.28 and its 200 day simple moving average is $47.39. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $389.81 billion, a PE ratio of 14.54, a PEG ratio of 1.99 and a beta of 1.34. Bank of America has a 1-year low of $33.06 and a 1-year high of $53.99.

Hedge Funds Weigh In On Bank of America

Hedge funds have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D increased its position in Bank of America by 3.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,503,184 shares of the financial services provider’s stock valued at $129,139,000 after purchasing an additional 83,452 shares during the period. Hardy Reed LLC boosted its stake in shares of Bank of America by 13.9% in the 3rd quarter. Hardy Reed LLC now owns 8,787 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 1,075 shares during the last quarter. GenTrust LLC increased its position in shares of Bank of America by 6.5% during the third quarter. GenTrust LLC now owns 11,339 shares of the financial services provider’s stock worth $585,000 after buying an additional 695 shares during the period. Shepherd Financial Partners LLC boosted its position in Bank of America by 0.3% during the third quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider’s stock valued at $3,110,000 after acquiring an additional 189 shares during the last quarter. Finally, Uniting Wealth Partners LLC acquired a new stake in shares of Bank of America during the 3rd quarter worth approximately $232,000. 70.71% of the stock is currently owned by institutional investors.

Bank of America announced that its Board of Directors has approved a share repurchase plan on Wednesday, July 23rd that permits the company to repurchase $40.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 11.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 5th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, December 5th. Bank of America’s dividend payout ratio (DPR) is currently 30.52%.

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.