Q1 EPS Estimates for Bank of America Reduced by Analyst

Bank of America Co. (NYSE:BAC) – Research analysts at Zacks Research lowered their Q1 2026 EPS estimates for shares of Bank of America in a report released on Wednesday, February 5th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $0.89 per share for the quarter, down from their prior forecast of $0.90. The consensus estimate for Bank of America’s current full-year earnings is $3.69 per share. Zacks Research also issued estimates for Bank of America’s FY2027 earnings at $4.88 EPS.

Bank of America (NYSE:BAC) last announced 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 business had revenue of $25.30 billion during the quarter, compared to analyst estimates of $25.12 billion. Bank of America had a return on equity of 10.29% and a net margin of 14.10%. Bank of America’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 earnings per share.

A number of other equities analysts have also commented on the stock. Citigroup raised shares of Bank of America from a “neutral” rating to a “buy” rating and increased their price target for the stock from $46.00 to $54.00 in a report on Friday, November 8th. Phillip Securities raised Bank of America from a “neutral” rating to an “accumulate” rating and set a $44.00 target price on the stock in a research note on Friday, October 18th. Keefe, Bruyette & Woods boosted their price target on shares of Bank of America from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Evercore ISI dropped their target price on shares of Bank of America from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Piper Sandler cut their target price on Bank of America from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. 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 two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.58.

Bank of America Price Performance

BAC stock opened at $46.80 on Monday. The firm has a 50 day moving average of $45.77 and a 200-day moving average of $42.96. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.04. Bank of America has a 12 month low of $32.35 and a 12 month high of $48.08. The firm has a market capitalization of $359.08 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.33.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, March 7th. Bank of America’s dividend payout ratio (DPR) is presently 32.30%.

Institutional Trading of Bank of America

Several hedge funds have recently modified their holdings of BAC. Signature Estate & Investment Advisors LLC boosted its stake in shares of Bank of America by 6.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 11,472 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 694 shares during the period. TIAA Trust National Association lifted its stake in Bank of America by 0.3% in the fourth quarter. TIAA Trust National Association now owns 765,575 shares of the financial services provider’s stock worth $33,647,000 after acquiring an additional 1,959 shares during the period. FineMark National Bank & Trust raised its position in shares of Bank of America by 6.7% in the 4th quarter. FineMark National Bank & Trust now owns 100,919 shares of the financial services provider’s stock worth $4,435,000 after acquiring an additional 6,314 shares in the last quarter. Ashton Thomas Securities LLC raised its stake in shares of Bank of America by 191.6% during the 4th quarter. Ashton Thomas Securities LLC now owns 22,254 shares of the financial services provider’s stock worth $977,000 after acquiring an additional 14,623 shares in the last quarter. Finally, Princeton Capital Management LLC boosted its position in shares of Bank of America by 6.3% in the 4th quarter. Princeton Capital Management LLC now owns 37,127 shares of the financial services provider’s stock worth $1,632,000 after purchasing an additional 2,190 shares in 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.