com.insightguru.giraffe.server.utils.PresentationUtil$PresentationTitle@3daa0c74
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(1) Revenues expected to be slightly ahead of consensus estimates
Trefis estimates BAC's Q3 2021 revenues to be $22.4 Bil, slightly ahead of the consensus estimate of $21.3 Bil
Estimated Revenues - 2021Q3(E)
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Trefis Estimates for Bank of America Revenues:
Expected Change (YoY): 10%
The chart to the right highlights trends in Bank of America's Revenues over the last four quarters along with our forecast for Q3 2021.
Quarterly Revenue Trend
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(2) EPS likely to miss consensus estimates
BAC's Q3 2021 earnings per share (EPS) expected to be $0.54 per Trefis analysis, missing the consensus estimate of $0.6 by 10.0%
Estimated EPS- 2021Q3(E)
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Trefis Estimates for Bank of America EPS:
Expected Change (YoY): 5.2%
The chart to the right highlights trends in BAC's EPS over the last four quarters along with our forecast for Q3 2021.
Quarterly EPS Trend
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(3) Stock price estimate largely around current market price
Trefis maintains a fair value of $44 for BAC's stock as opposed to the current market price of roughly $44.
BAC Stock Price
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The Trefis Price Estimate for Bank of America stock represents the fair value for the company's stock over a one-year horizon.
Details about the chances of a rise in BAC stock in the near term can be found in a separate interactive dashboard.
The chart to the right highlights trends in BAC's stock price at the end of each of the last four quarters as well as the current stock price.
Stock Price (Quarter End)
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#1. Estimating Bank of America's Total Revenues:
Bank of America's Revenues have seen a moderate decrease of -6.3% from around $91 Bil in FY2018 to $86 Bil in FY2020 and we expect it to increase to $88 Bil in FY2021
Total Revenue
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A Separate Interactive Dashboard Analysis On Bank of America's Revenues Details How The Company Makes Money.
#2. Deriving Bank of America's Adjusted Net Income:
Bank of America's Adjusted Net Income has decreased from around $27 Bil in FY2018 to $16 Bil in FY2020 and we expect it to increase to $23 Bil in FY2021
This change is likely to be led by higher revenues and improved margins.
A Separate Interactive Dashboard Analysis On Bank of America's Margins Highlights The Company's Various Expenses Components In Detail.
Adjusted Net Income [AxB]
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Adjusted Net Income Margin [A]
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Total Revenue [B]
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#3. Determining Bank of America's Adjusted EPS:
Bank of America's Adjusted EPS has decreased from $2.61 in FY2018 to $1.87 in FY2020 and we expect it to increase to $2.73 in FY2021
The change in EPS can be attributed to an increase in adjusted net income and a lower expected share count due to stock repurchases.
Adjusted EPS [A÷B]
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Adjusted Net Income [A]
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Shares Outstanding [B]
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#4. Estimating Bank of America's Share Price:
Our Price Estimate of $44 For Bank of America's Stock is based on our Detailed Valuation Model, and implies a 16.1x P/E Multiple on expected FY2021 Adjusted EPS of $2.73
Trefis Price Estimate [AxB]
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Adjusted EPS [A]
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P/E Multiple [B]
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