Why Bank of America (BAC) is a Top Stock for the Long-Term

Zacks highlights Bank of America (BAC) as a long-term stock pick, noting its inclusion in the Zacks Focus List since January 2017 at $22.68 per share, with shares increasing 98.68% to $45.06 since then. For fiscal year 2025, BAC has seen upward earnings estimate revisions, with the consensus estimate increasing to $3.68 and analysts expecting 12.2% earnings growth, supported by an average earnings surprise of 6.6%.

Analysis

Bank of America (BAC) is presented by Zacks as a notable long-term investment, evidenced by its inclusion in their Focus List since January 9, 2017, when it was priced at $22.68 per share; the stock has since appreciated by 98.68% to $45.06. The company's financial outlook for fiscal year 2025 is supported by recent positive analyst activity, with three upward earnings estimate revisions in the last 60 days, contributing to a $0.02 rise in the Zacks Consensus Estimate to $3.68 per share. Analysts anticipate a 12.2% earnings growth for BAC in the current fiscal year, and the company has demonstrated a consistent ability to outperform expectations with an average earnings surprise of 6.6%. Although currently holding a Zacks Rank of #3 (Hold), its continued presence on the Focus List underscores a belief in its potential for long-term market outperformance, driven by the power of earnings estimate revisions, a core tenet of the Zacks methodology.

Key Decisions for Investors

• Consider Bank of America for long-term portfolio allocations, reflecting its significant historical appreciation of 98.68% since its Focus List inclusion and a projected earnings growth of 12.2% for the current fiscal year.
• Investors should closely track future earnings estimate revisions for BAC, as these are highlighted as critical indicators of potential price momentum and form the basis for its Focus List selection.
• The current Zacks Rank of #3 (Hold) warrants attention for near-term positioning, even as the stock is favored for long-term outperformance based on a consensus earnings estimate of $3.68 for fiscal 2025.