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Bank of America (NYSE:BAC) will be releasing its Q214 earnings data on Wednesday, July 16th. Analysts expect Bank of America to post earnings of $0.30 per share and revenue of $21.69 billion for the quarter.

Bank of America (NYSE:BAC) last released its earnings data on Wednesday, April 16th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.30. The company had revenue of $22.80 billion for the quarter, compared to the consensus estimate of $22.38 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts expect Bank of America to post $0.90 EPS for the current fiscal year and $1.50 EPS for the next fiscal year.

Bank of America (NYSE:BAC) opened at 15.57 on Tuesday. Bank of America has a 1-year low of $13.60 and a 1-year high of $18.03. The stock has a 50-day moving average of $15.49 and a 200-day moving average of $16.12. The company has a market cap of $163.7 billion and a price-to-earnings ratio of 19.97. Bank of America also was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 103,233,733 shares, a drop of 3.4% from the June 13th total of 106,862,341 shares. Based on an average daily volume of 59,758,475 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.0% of the company’s stock are short sold.

The company also recently declared a quarterly dividend, which is scheduled for Friday, July 25th. Investors of record on Monday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Friday, June 20th.

Several analysts have recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of Bank of America from $19.00 to $20.00 in a research note on Monday, July 7th. They now have an “outperform” rating on the stock. On a related note, analysts at Zacks reiterated an “underperform” rating on shares of Bank of America in a research note on Thursday, July 3rd. They now have a $14.00 price target on the stock. Finally, analysts at Deutsche Bank upgraded shares of Bank of America from a “hold” rating to a “buy” rating in a research note on Tuesday, July 1st. They now have a $18.00 price target on the stock, up previously from $16.50. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $16.98.

Bank of America Corporation (NYSE:BAC) is a bank holding company, and a financial holding company.

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