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Bank of America (BAC) Q4 Earnings and Revenues Surpass Estimates
BACBank of America(BAC) ZACKS·2025-01-16 13:56

Earnings Performance - Bank of America reported quarterly earnings of 082pershare,beatingtheZacksConsensusEstimateof0 82 per share, beating the Zacks Consensus Estimate of 0 77 per share, representing a 6 49% earnings surprise [1] - The company's earnings per share (EPS) increased from 070pershareayearago,adjustedfornon−recurringitems[1]−Overthelastfourquarters,thecompanyhasconsistentlysurpassedconsensusEPSestimates[2]RevenueGrowth−BankofAmericapostedrevenuesof0 70 per share a year ago, adjusted for non-recurring items [1] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates [2] Revenue Growth - Bank of America posted revenues of 25 35 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0 88% [2] - This represents a significant increase from year-ago revenues of 2196billion[2]−Thecompanyhastoppedconsensusrevenueestimatesineachofthelastfourquarters[2]StockPerformance−BankofAmericashareshavegainedapproximately7221 96 billion [2] - The company has topped consensus revenue estimates in each of the last four quarters [2] Stock Performance - Bank of America shares have gained approximately 7 2% since the beginning of the year, outperforming the S&P 500's gain of 1 2% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is 0 85 on 266billioninrevenues[7]−Forthecurrentfiscalyear,theconsensusEPSestimateis26 6 billion in revenues [7] - For the current fiscal year, the consensus EPS estimate is 3 66 on 10677billioninrevenues[7]−Thecompany′searningsoutlook,includinganychangesinconsensusexpectations,willbeakeyfactorforinvestors[4]IndustryContext−BankofAmericaoperatesintheZacksFinancial−InvestmentBankindustry,whichiscurrentlyrankedinthetop6106 77 billion in revenues [7] - The company's earnings outlook, including any changes in consensus expectations, will be a key factor for investors [4] Industry Context - Bank of America operates in the Zacks Financial - Investment Bank industry, which is currently ranked in the top 6% of over 250 Zacks industries [8] - The top 50% of Zacks-ranked industries historically outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - Piper Sandler Companies (PIPR), another company in the same industry, is expected to report quarterly earnings of 3 62 per share, representing a year-over-year decline of 10 2% [9] - Piper Sandler Companies' revenues are expected to be $435 17 million, down 7 8% from the year-ago quarter [9] - The consensus EPS estimate for Piper Sandler Companies has remained unchanged over the last 30 days [9]