Earnings Growth & Price Strength Make Bank of America (BAC) a Stock to Watch

Core Insights - The Zacks Focus List is a curated portfolio of 50 stocks designed to help investors kickstart their investing journey and is expected to outperform the market over the next 12 months [3][4] Performance Summary - In 2020, the Focus List gained 13.85% on an annualized basis, while the S&P 500 returned 9.38% [5] - Cumulatively, the Focus List has returned 2,519.23% from February 1, 1996, to March 31, 2021, compared to the S&P 500's return of 854.95% during the same period [5] Methodology - The selection for the Focus List relies on earnings estimate revisions, which are determined by brokerage analysts assessing a company's growth and profitability expectations [6] - Stocks with upward earnings estimate revisions are more likely to see further upward changes in the future, indicating potential for price momentum [7][10] Zacks Rank - The Zacks Rank is a proprietary stock-rating model that uses changes in quarterly earnings expectations to help investors build a winning portfolio [8] - Stocks in the Focus List are primarily selected from 1 (Strong Buy) or 2 (Buy) ranked companies, indicating a bullish earnings consensus among analysts [9] Company Spotlight: Bank of America - Bank of America Corporation, headquartered in Charlotte, NC, has total assets of $3.35 trillion as of March 31, 2025, and offers a wide range of banking and non-banking financial services [12] - Bank of America was added to the Focus List on January 9, 2017, at$22.68 per share, and has since increased by 94.36% to $44.08 [13] - For fiscal 2025, the Zacks Consensus Estimate for Bank of America has increased by$0.01 to $3.68, with expected earnings growth of 12.2% for the current fiscal year [13]