January 16, 2025
Bank of America (BAC) reported $25.35 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 15.4%. EPS of $0.82 for the same period compares to $0.70 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $25.13 billion, representing a surprise of +0.88%. The company delivered an EPS surprise of +6.49%, with the consensus EPS estimate being $0.77.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bank of America performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Bank of America here>>>
Shares of Bank of America have returned +8.3% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Bank of America Corporation (BAC) : Free Stock Analysis Report
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