Bank of America (BAC) Beats Q2 Earnings Estimates

Group 1: Earnings Performance - Bank of America reported quarterly earnings of $0.89 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, and up from $0.83 per share a year ago, representing an earnings surprise of +3.49% [1] - The company posted revenues of $26.46 billion for the quarter ended June 2025, slightly missing the Zacks Consensus Estimate by 0.5%, compared to $25.38 billion in the same quarter last year [2] - Over the last four quarters, Bank of America has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Bank of America shares have increased about 5% since the beginning of the year, while the S&P 500 has gained 6.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.94 on revenues of $26.93 billion, and for the current fiscal year, it is $3.67 on revenues of $107.99 billion [7] - The estimate revisions trend for Bank of America was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Group 3: Industry Context - The Financial - Investment Bank industry, to which Bank of America belongs, is currently in the top 21% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]