Zacks Research Boosts Earnings Estimates for Bank of America

Bank of America Co. (NYSE:BAC) – Zacks Research boosted their Q3 2025 EPS estimates for shares of Bank of America in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $0.89 for the quarter, up from their previous forecast of $0.84. The consensus estimate for Bank of America’s current full-year earnings is $3.27 per share.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley raised their target price on shares of Bank of America from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $46.00 target price on shares of Bank of America in a research report on Wednesday, October 9th. Phillip Securities raised shares of Bank of America from a “neutral” rating to an “accumulate” rating and set a $44.00 target price on the stock in a research report on Friday, October 18th. Citigroup raised shares of Bank of America from a “neutral” rating to a “buy” rating and raised their target price for the stock from $46.00 to $54.00 in a research report on Friday, November 8th. Finally, Oppenheimer raised their target price on shares of Bank of America from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.26.

Bank of America Price Performance

Bank of America stock opened at $46.75 on Friday. Bank of America has a 12-month low of $29.22 and a 12-month high of $46.84. The stock has a market capitalization of $358.71 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.55 and a beta of 1.32. The firm’s 50-day moving average is $41.49 and its two-hundred day moving average is $40.33. 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 (NYSE:BAC) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $25.25 billion. During the same period last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year.

Hedge Funds Weigh In On Bank of America

Several hedge funds and other institutional investors have recently modified their holdings of BAC. Fairway Wealth LLC bought a new stake in shares of Bank of America during the second quarter valued at about $27,000. POM Investment Strategies LLC raised its stake in shares of 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 in the last quarter. Kennebec Savings Bank bought a new stake in shares of Bank of America during the third quarter valued at about $29,000. Bbjs Financial Advisors LLC bought a new stake in shares of Bank of America during the second quarter valued at about $30,000. Finally, Clearstead Trust LLC raised its stake in shares of Bank of America by 1,489.3% during the first quarter. Clearstead Trust LLC now owns 890 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 834 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc sold 6,754,272 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $39.79, for a total transaction of $268,752,482.88. Following the completion of the transaction, the insider now owns 921,706,667 shares of the company’s stock, valued at approximately $36,674,708,279.93. The trade was a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bernard A. Mensah sold 92,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $39.80, for a total transaction of $3,661,600.00. Following the transaction, the insider now directly owns 96,082 shares of the company’s stock, valued at approximately $3,824,063.60. This trade represents a 48.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,883,988 shares of company stock valued at $4,344,741,752 over the last 90 days. 0.29% of the stock is owned by company insiders.

Bank of America announced that its Board of Directors has authorized a share repurchase plan on Wednesday, July 24th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 7.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 6th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Friday, December 6th. Bank of America’s dividend payout ratio is presently 37.82%.

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.