The earnings floodgates are open, and banks are the first names rushing out.
The headline numbers for Bank of America (BAC) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Bank of America (BAC 3.44%), a major player in the financial services industry, released its earnings for Q1 2025 on April 15, 2025.
I'm upgrading Bank of America Corporation stock to "Buy" after Q1 2025 earnings beat expectations, showing strong EPS and revenue growth, and resilience in NII. BAC's Q1 highlights include a 9% EPS beat, a 1.7% revenue beat, and strong performance across various segments, despite market volatility. BAC stock is trading at a significant discount to its historical P/E and peer group, presenting a potential 24.72% upside.
Bank of America (BAC) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.83 per share a year ago.
Shares of Bank of America (BAC) rose in premarket trading Tuesday after the financial giant's first-quarter results came in better than expected.
Bank of America is scheduled to report first-quarter earnings before the opening bell Tuesday. Bank of America shares have sold off in recent weeks on concern that President Donald Trump's tariff policies could cause a recession.
Bank of America will reportedly pay $540.3 million following a judge's ruling in a lawsuit in which the Federal Deposit Insurance Corp. (FDIC) accused the bank of paying less than it owed for deposit insurance. The judge's decision was made public Monday (April 14), Reuters reported Monday.
More big banks are set to report earnings this week, along with entertainment and health care giants, after some of the world's biggest banks reported earnings Friday and markets capped off a volatile trading week as investors reacted to the latest announcements on tariffs.
Bank of America's Series GG preferred shares offer a 6.15% yield and are trading at a 2% discount to their $25 call value. Preferred dividends are well covered, requiring just 6% of Bank of America's net income, an improvement from 6.22% in 2023. The Series GG preferred shares present an attractive investment due to their fixed dividend rate and potential for capital gains if called.
Gerard Cassidy, RBC Capital Markets Managing Director, joins 'Closing Bell Overtime' to talk quarterly banking results.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes?