Bank of America (BAC) Exceeds Market Returns: Some Facts to Consider

Company Overview - Bank of America (BAC) has experienced a share price decrease of 7.6% over the last month, underperforming the Finance sector's loss of 4.4% and the S&P 500's gain of 0.22% [1] - The current trading price of BAC is $44.38, reflecting a +1.12% change from the previous day's closing price, outperforming the S&P 500's daily gain of 1.1% [6] Earnings Estimates - For the full year, Zacks Consensus Estimates project earnings of$ 3.27 per share and revenue of $101.82 billion, indicating year-over-year changes of -4.39% for earnings and +3.29% for revenue [2] - The upcoming earnings release is anticipated to show an EPS of$ 0.79, representing a 12.86% increase from the same quarter last year, with revenue expected to be $25.25 billion, a 14.98% increase year-over-year [7] Valuation Metrics - Bank of America is currently trading at a Forward P/E ratio of 13.44, which is a discount compared to the industry average Forward P/E of 16.57 [4] - The company has a PEG ratio of 1.34, slightly below the industry average PEG ratio of 1.37 [11] Analyst Ratings and Trends - The Zacks Rank system currently rates Bank of America at 3 (Hold), with a recent downward shift of 0.05% in the Zacks Consensus EPS estimate over the past month [9] - Recent changes to analyst estimates for Bank of America indicate evolving short-term business trends, with positive revisions seen as a favorable sign for the company's outlook [8] Industry Context - The Financial - Investment Bank industry, which includes Bank of America, has a Zacks Industry Rank of 47, placing it in the top 19% of over 250 industries [10]