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Bank of America Corporation (BAC), with a market cap of $352.9 billion, is a leading financial holding company offering a broad range of financial products and services to individual consumers, small and mid-sized businesses, institutional investors, large corporations, and government entities. Headquartered in Charlotte, North Carolina, the company is slated to report its fiscal 2025 Q2 earnings before the market opens on Monday, July 14.
Ahead of this event, analysts expect this financial giant to report a profit of $0.89 per share, up 7.2% from $0.83 per share in the year-ago quarter. The company has a solid trajectory of consistently beating Wall Street's earnings estimates in each of the last four quarters.
For fiscal 2025, analysts expect BAC to report a profit of $3.69, up 12.5% from $3.28 in fiscal 2024. Furthermore, its EPS is expected to grow 16.3% year over year to $4.29 in fiscal 2026.
BAC has surged 21.7% over the past year, outperforming the S&P 500 Index’s ($SPX) 12.1% gains but has trailed the Financial Select Sector SPDR Fund’s (XLF) 26.3% returns over the same time frame.
Bank of America shares rose more than 1% on June 18, as part of a broader rally in bank stocks, driven by reports that U.S. regulators may ease a capital rule restricting banks’ Treasury trading activities.
Wall Street analysts are highly optimistic about BAC’s stock, with a "Strong Buy" rating overall. Among 24 analysts covering the stock, 18 recommend "Strong Buy," five suggest “Moderate Buy,” and one advises “Hold.” BAC’s average analyst price target of $50.06 indicates a potential upside of 5.5% from the current levels.
