Seaport Res Ptn Raises EPS Forecast for Bank of America in Q1 2027

Summary

Seaport Res Ptn analysts have raised their Q1 2027 EPS estimates for Bank of America (NYSE:BAC) to $1.18 per share. The consensus for the full year is $3.70 per share. Other analysts have adjusted their price targets, with Robert W. Baird raising it to $56.00 and Barclays to $59.00. Bank of America stock opened at $53.56, with a market cap of $396.68 billion and a P/E ratio of 14.59. The company reported $1.06 EPS for the last quarter, exceeding estimates, with revenue of $28.09 billion Market Beat.

Impact Analysis

So Seaport Res Ptn is upping their Q1 2027 EPS forecast for Bank of America to $1.18 per share, which is a pretty bullish signal Market Beat. This comes on the back of a strong last quarter where BAC beat estimates with $1.06 EPS and $28.09 billion in revenue. The timing here is interesting—right after a solid earnings beat and amidst a generally positive technical setup. The stock’s been on an uptrend, and technical indicators like MACD and RSI are showing strength . Plus, other analysts are raising their price targets too, which could drive more buying interest. Bottom line—this is a strong buy signal. The market might be underestimating BAC’s earnings power and growth potential, especially with their ambitious ROTCE targets and net interest income growth projections Reuters+ 2. I’d consider adding to positions on any dips.