Bank of America shares slide 2.35% to $48.64, Q1 EPS seen +8.9%
Bank of America shares fell 2.35% to $48.64, trailing the S&P 500’s 1.33% drop and extending losses to 9.34% month-to-date. Analysts forecast Q1 EPS of $0.98 (+8.9%) on $29.22 billion revenue (+6.8%), citing a forward P/E of 11.5 vs. industry’s 13.4 and a Zacks Rank 3 hold rating.
1. Stock Performance
Bank of America shares closed at $48.64, down 2.35% from the prior session, underperforming the S&P 500’s 1.33% decline and extending month-to-date losses to 9.34%.
2. Q1 Earnings Forecast
Analysts project first-quarter EPS of $0.98, up 8.89% year-over-year, on revenue of $29.22 billion, a 6.76% increase from the same quarter last year, with the report due on April 15, 2026.
3. Valuation and Analyst Rating
The stock trades at a forward P/E of 11.53, below the financial sector average of 13.39, carries a PEG ratio of 1.21 versus the 1.03 industry average, and holds a Zacks Rank of 3 (Hold).