NYSE - Delayed Quote • USD
Bank of America Corporation (BAC)
At close: April 18 at 4:00 PM EDT
Pre-Market: 6:24 AM EDT
Earnings Estimate
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 18 | 18 | 17 | 22 |
| Avg. Estimate | 0.76 | 0.75 | 3.01 | 3.3 |
| Low Estimate | 0.72 | 0.7 | 2.75 | 2.75 |
| High Estimate | 0.8 | 0.79 | 3.17 | 3.62 |
| Year Ago EPS | 0.88 | 0.9 | 2.9 | 3.01 |
Revenue Estimate
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 10 | 10 | 15 | 15 |
| Avg. Estimate | 23.75B | 23.86B | 95.6B | 98.54B |
| Low Estimate | 23.11B | 23.53B | 93.36B | 96.37B |
| High Estimate | 24.29B | 24.22B | 98.33B | 101.71B |
| Year Ago Sales | -- | -- | 91.38B | 95.6B |
| Sales Growth (year/est) | -- | -- | 4.60% | 3.10% |
Earnings History
| CURRENCY IN USD | 6/30/2023 | 9/30/2023 | 12/31/2023 | 3/31/2024 |
|---|---|---|---|---|
| EPS Est. | 0.84 | 0.82 | 0.64 | 0.71 |
| EPS Actual | 0.88 | 0.9 | 0.33 | 0.78 |
| Difference | 0.04 | 0.08 | -0.31 | 0.07 |
| Surprise % | 4.80% | 9.80% | -48.40% | 9.90% |
EPS Trend
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Current Estimate | 0.76 | 0.75 | 3.01 | 3.3 |
| 7 Days Ago | 0.73 | 0.73 | 2.9 | 3.17 |
| 30 Days Ago | 0.8 | 0.79 | 3.16 | 3.45 |
| 60 Days Ago | 0.74 | 0.73 | 2.91 | 3.16 |
| 90 Days Ago | 0.79 | 0.78 | 3.15 | 3.45 |
EPS Revisions
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Up Last 7 Days | 8 | 8 | 14 | 14 |
| Up Last 30 Days | 10 | 10 | 15 | 17 |
| Down Last 7 Days | -- | -- | -- | -- |
| Down Last 30 Days | 2 | 4 | 1 | -- |
Growth Estimates
| CURRENCY IN USD | BAC | Industry | Sector | S&P 500 |
|---|---|---|---|---|
| Current Qtr. | -13.60% | -- | -- | 0.80% |
| Next Qtr. | -16.70% | -- | -- | 9.60% |
| Current Year | 3.80% | -- | -- | 4.50% |
| Next Year | 9.60% | -- | -- | 13.30% |
| Next 5 Years (per annum) | 8.19% | -- | -- | 11.09% |
| Past 5 Years (per annum) | 9.06% | -- | -- | -- |
Research Analysis
Analyst Price Targets
Fair Value
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Upgrades & Downgrades
| Upgrade | Wolfe Research: Peer Perform to Outperform | 4/19/2024 |
| Maintains | BMO Capital: Market Perform to Market Perform | 4/18/2024 |
| Maintains | Oppenheimer: Outperform to Outperform | 4/17/2024 |
| Maintains | Jefferies: Hold to Hold | 4/8/2024 |
| Maintains | Keefe, Bruyette & Woods: Market Perform to Market Perform | 4/5/2024 |
| Maintains | Evercore ISI Group: Outperform to Outperform | 4/4/2024 |
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