Bank of America Corporation (BAC) is a financial holding company with a market cap of $352.9 billion, providing a wide range of financial products and services to various clients. The company is based in Charlotte, North Carolina, and is set to announce its fiscal 2025 Q2 earnings on Monday, July 14.
Analysts predict that BAC will report a profit of $0.89 per share for the upcoming quarter, representing a 7.2% increase from the previous year. The company has a history of surpassing Wall Street’s earnings estimates in the last four quarters consistently.
For fiscal 2025, analysts anticipate BAC to achieve a profit of $3.69 per share, a 12.5% rise from the previous fiscal year. Additionally, the company’s earnings per share (EPS) is projected to grow by 16.3% year over year to $4.29 in fiscal 2026.
Over the past year, BAC’s stock has surged by 21.7%, outperforming the S&P 500 Index but trailing behind the Financial Select Sector SPDR Fund. On June 18, the company’s shares increased by more than 1% alongside a broader rally in bank stocks due to reports of potential easing of capital rules by U.S. regulators.
Wall Street analysts are bullish on BAC’s stock, with an overall “Strong Buy” rating. Out of 24 analysts covering the stock, 18 recommend “Strong Buy,” five suggest “Moderate Buy,” and one advises “Hold.” The average analyst price target of $50.06 implies a potential upside of 5.5% from the current levels.
It is important to note that the information presented in this article is for informational purposes only. The original article was published on Barchart.com, and the author does not hold any positions in the securities mentioned.
