Bank of America (BAC) Rises Higher Than Market: Key Facts

Core Viewpoint - Bank of America is experiencing positive stock performance and is expected to report strong earnings growth in the upcoming earnings release, indicating investor optimism. Company Performance - Bank of America (BAC) closed at $47.50, with a +1.06% change from the previous day, outperforming the S&P 500's daily gain of 0.3% [1] - The stock has increased by 12.2% over the past month, surpassing the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1% [1] Upcoming Earnings Expectations - Analysts expect Bank of America to report earnings of$ 0.80 per share, reflecting a year-over-year growth of 14.29% [2] - Revenue is anticipated to be $25.25 billion, indicating a 15.01% increase from the same quarter last year [2] Full Year Estimates - For the full year, analysts project earnings of$ 3.27 per share and revenue of $101.83 billion, representing changes of -4.39% and +3.3% respectively from the previous year [3] Analyst Estimates and Stock Performance - Recent changes to analyst estimates for Bank of America reflect evolving short-term business trends, with positive revisions indicating analyst optimism regarding the company's profitability [4] - The Zacks Consensus EPS estimate has increased by 0.22% in the past month, and Bank of America currently holds a Zacks Rank of 3 (Hold) [6] Valuation Metrics - Bank of America has a Forward P/E ratio of 14.38, which is lower than the industry's average Forward P/E of 17.15, indicating a valuation discount [7] - The company has a PEG ratio of 1.59, compared to the Financial - Investment Bank industry's average PEG ratio of 1.55 [7] Industry Context - The Financial - Investment Bank industry is part of the Finance sector and holds a Zacks Industry Rank of 42, placing it in the top 17% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]