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Bank of America (BAC) Exceeds Market Returns: Some Facts to Consider
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In the latest close session, Bank of America (BAC - Free Report) was up +1.07% at $49.27. The stock's performance was ahead of the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 1.16%.
Coming into today, shares of the nation's second-largest bank had lost 2.44% in the past month. In that same time, the Finance sector lost 5.41%, while the S&P 500 lost 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of Bank of America in its upcoming earnings disclosure. The company's earnings report is set to go public on April 15, 2026. The company's earnings per share (EPS) are projected to be $0.99, reflecting a 10% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $29.23 billion, indicating a 6.8% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.32 per share and revenue of $118.66 billion. These totals would mark changes of +13.39% and +7.6%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Bank of America. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.01% higher. Bank of America is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Bank of America is holding a Forward P/E ratio of 11.28. This indicates a discount in contrast to its industry's Forward P/E of 13.11.
Meanwhile, BAC's PEG ratio is currently 1.19. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Financial - Investment Bank industry held an average PEG ratio of 1.08.
The Financial - Investment Bank industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Bank of America (BAC) Exceeds Market Returns: Some Facts to Consider
In the latest close session, Bank of America (BAC - Free Report) was up +1.07% at $49.27. The stock's performance was ahead of the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 1.16%.
Coming into today, shares of the nation's second-largest bank had lost 2.44% in the past month. In that same time, the Finance sector lost 5.41%, while the S&P 500 lost 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of Bank of America in its upcoming earnings disclosure. The company's earnings report is set to go public on April 15, 2026. The company's earnings per share (EPS) are projected to be $0.99, reflecting a 10% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $29.23 billion, indicating a 6.8% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.32 per share and revenue of $118.66 billion. These totals would mark changes of +13.39% and +7.6%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Bank of America. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.01% higher. Bank of America is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Bank of America is holding a Forward P/E ratio of 11.28. This indicates a discount in contrast to its industry's Forward P/E of 13.11.
Meanwhile, BAC's PEG ratio is currently 1.19. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Financial - Investment Bank industry held an average PEG ratio of 1.08.
The Financial - Investment Bank industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.