Analysts Research group posed underperform rating for Bank of America Corp NYSE:BAC stock whose price is currently at $18. Analysts at Research factored in the decreased FAS 91 charges for the first-quarter of fiscal year 2016 (1QFY16) due to the interest rate environment that has persisted for more than the expected duration. The new estimate for earnings per share for the current quarter has been increased to $4.18 per share from $6.23 per share.

This will help to turn the EPS estimate for full fiscal year 2016 from low $1.30, up to $6.35.

The revision in estimates comes just days before 1QFY16 ends. While macroeconomic conditions in the market are dictating much of the bank’s actions, a low interest rate environment with the Federal Reserve’s dovish stance has driven the bank’s stock upwards. Bank of America’s stock was up 4.5% yesterday. The low interest rate continuously attracts investors and financial institutions to progress with compound interest markets such as constructions and development aiming for a steady rise on it’s stock price.