We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Bank of America (BAC - Free Report) closed the most recent trading day at $50.06, moving +1.38% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.44% for the day. Elsewhere, the Dow saw an upswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.54%.
The nation's second-largest bank's stock has climbed by 1.52% in the past month, exceeding the Finance sector's loss of 2.92% and the S&P 500's loss of 3.31%.
Investors will be eagerly watching for the performance of Bank of America in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on April 15, 2026. The company is predicted to post an EPS of $0.99, indicating a 10% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $29.25 billion, indicating a 6.9% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $4.32 per share and a revenue of $118.74 billion, demonstrating changes of +13.39% and +7.67%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Bank of America. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.01% rise in the Zacks Consensus EPS estimate. Currently, Bank of America is carrying a Zacks Rank of #3 (Hold).
Investors should also note Bank of America's current valuation metrics, including its Forward P/E ratio of 11.43. This denotes a discount relative to the industry average Forward P/E of 13.03.
Meanwhile, BAC's PEG ratio is currently 1.2. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Financial - Investment Bank industry currently had an average PEG ratio of 1.07 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 97, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know
Bank of America (BAC - Free Report) closed the most recent trading day at $50.06, moving +1.38% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.44% for the day. Elsewhere, the Dow saw an upswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.54%.
The nation's second-largest bank's stock has climbed by 1.52% in the past month, exceeding the Finance sector's loss of 2.92% and the S&P 500's loss of 3.31%.
Investors will be eagerly watching for the performance of Bank of America in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on April 15, 2026. The company is predicted to post an EPS of $0.99, indicating a 10% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $29.25 billion, indicating a 6.9% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $4.32 per share and a revenue of $118.74 billion, demonstrating changes of +13.39% and +7.67%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Bank of America. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.01% rise in the Zacks Consensus EPS estimate. Currently, Bank of America is carrying a Zacks Rank of #3 (Hold).
Investors should also note Bank of America's current valuation metrics, including its Forward P/E ratio of 11.43. This denotes a discount relative to the industry average Forward P/E of 13.03.
Meanwhile, BAC's PEG ratio is currently 1.2. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Financial - Investment Bank industry currently had an average PEG ratio of 1.07 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 97, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.