Unveiling Bank of America (BAC) Q1 Outlook: Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts forecast a quarterly earnings per share (EPS) of $0.81 for Bank of America, indicating a year-over-year decline of 2.4$26.74 billion, reflecting a 3.6% increase compared to the previous year [1]. Earnings Projections - Over the last 30 days, the consensus EPS estimate has been revised downward by 1.4%, indicating a collective reassessment by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Metrics Estimates - The 'Efficiency Ratio (FTE basis)' is projected to be 62.6%, down from 66.4% a year ago [5]. - 'Total earning assets - Average balance' is expected to reach $2,936.53 billion, up from$2,860.58 billion in the same quarter last year [5]. - 'Total nonperforming loans, leases and foreclosed properties' are anticipated to be $6.52 billion, compared to$6.03 billion in the same quarter last year [6]. - 'Total Non-Performing Loans' is expected to be $6.48 billion, up from$5.88 billion a year ago [6]. - The 'Tier 1 Capital Ratio' is forecasted at 13.2%, down from 13.6% last year [7]. - 'Net Interest Income - Fully taxable-equivalent basis' is projected to be $14.58 billion, compared to$14.19 billion a year ago [8]. - 'Investment banking fees' are estimated at $1.59 billion, slightly up from$1.57 billion in the same quarter last year [9]. - 'Total fees and commissions' are expected to reach $9.35 billion, compared to$8.66 billion a year ago [9]. Stock Performance - Over the past month, Bank of America's shares have declined by 6.9%, while the Zacks S&P 500 composite has decreased by 5.3% [10].