Seaport Res Ptn Analysts Raise Earnings Estimates for Bank of America Co. (NYSE:BAC)

Bank of America Co. (NYSE:BAC) – Seaport Res Ptn raised their Q2 2025 earnings per share estimates for shares of Bank of America in a research note issued to investors on Wednesday, April 17th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will post earnings of $0.89 per share for the quarter, up from their previous forecast of $0.87. The consensus estimate for Bank of America’s current full-year earnings is $3.16 per share.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $25.82 billion for the quarter, compared to analyst estimates of $25.49 billion. Bank of America had a return on equity of 10.88% and a net margin of 13.94%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS.

A number of other research analysts have also weighed in on BAC. Jefferies Financial Group boosted their target price on Bank of America from $36.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, April 8th. HSBC reissued a “hold” rating and set a $39.00 target price (up from $38.00) on shares of Bank of America in a report on Thursday, March 28th. Morgan Stanley raised Bank of America from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $32.00 to $41.00 in a report on Tuesday, January 30th. Barclays boosted their target price on Bank of America from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Erste Group Bank raised Bank of America from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Bank of America presently has a consensus rating of “Hold” and an average price target of $38.53.

Bank of America Stock Up 3.4 %

NYSE:BAC opened at $36.97 on Friday. The firm has a market capitalization of $291.72 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39. Bank of America has a twelve month low of $24.96 and a twelve month high of $38.35. The stock’s 50 day moving average price is $35.68 and its two-hundred day moving average price is $32.31. The company has a quick ratio of 0.80, a current ratio of 0.79 and a debt-to-equity ratio of 1.12.

Institutional Trading of Bank of America

A number of institutional investors have recently modified their holdings of the stock. Rossmore Private Capital lifted its position in shares of Bank of America by 1.2% during the 4th quarter. Rossmore Private Capital now owns 26,537 shares of the financial services provider’s stock valued at $894,000 after acquiring an additional 303 shares during the period. Fort Sheridan Advisors LLC lifted its position in shares of Bank of America by 0.8% during the 4th quarter. Fort Sheridan Advisors LLC now owns 39,526 shares of the financial services provider’s stock valued at $1,309,000 after acquiring an additional 303 shares during the period. Chemistry Wealth Management LLC lifted its position in shares of Bank of America by 0.3% during the 1st quarter. Chemistry Wealth Management LLC now owns 109,541 shares of the financial services provider’s stock valued at $4,154,000 after acquiring an additional 310 shares during the period. Regent Peak Wealth Advisors LLC lifted its position in shares of Bank of America by 3.2% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 9,976 shares of the financial services provider’s stock worth $336,000 after buying an additional 314 shares during the last quarter. Finally, Kennedy Investment Group lifted its position in shares of Bank of America by 0.6% during the 4th quarter. Kennedy Investment Group now owns 58,007 shares of the financial services provider’s stock worth $1,953,000 after buying an additional 321 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $0.24 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.60%. Bank of America’s payout ratio is 33.22%.

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.