Bank of America Corporation $BAC Holdings Lifted by HB Wealth Management LLC

HB Wealth Management LLC increased its position in shares of Bank of America Corporation (NYSE:BAC) by 17.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,802 shares of the financial services provider’s stock after acquiring an additional 56,546 shares during the period. HB Wealth Management LLC’s holdings in Bank of America were worth $20,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BAC. Quaker Wealth Management LLC raised its holdings in shares of Bank of America by 246.5% in the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 880 shares in the last quarter. Nova Wealth Management Inc. boosted its holdings in Bank of America by 75.2% during the second quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock worth $25,000 after buying an additional 227 shares in the last quarter. Steph & Co. grew its position in Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after buying an additional 379 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of Bank of America in the second quarter valued at $28,000. Finally, CGC Financial Services LLC increased its holdings in shares of Bank of America by 585.4% in the second quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock valued at $29,000 after buying an additional 521 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Bank of America

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: Multiple analyst upgrades and price-target raises reflect continued bullish analyst sentiment—HSBC upgraded BAC to “strong-buy.” HSBC upgrade
• Positive Sentiment: TD Cowen raised its price target to $66 and keeps a Buy rating, signaling ~18.6% upside from the current level. TD Cowen price target
• Positive Sentiment: JPMorgan and Goldman Sachs also lifted price targets (JPMorgan to $61; Goldman to $64) and kept favorable ratings—supporting medium-term upside. JPMorgan raise and Goldman Sachs raise
• Positive Sentiment: Wells Fargo increased its BAC price target to $65, another bullish signal from the sell-side. Wells Fargo price target
• Neutral Sentiment: Bank of America set its Q4 2025 earnings release and conference call for Jan. 14 — a near-term catalyst that could swing the stock. Earnings date
• Neutral Sentiment: BofA announced an accounting update for tax-equity investments; analysts and commentary note investors may reassess earnings presentation and valuation implications. Accounting update and Investor take
• Neutral Sentiment: Market commentary and options-flow pieces highlight active positioning in BAC options; this reflects higher trading interest but not a clear directional signal. Options trends
• Negative Sentiment: India’s market regulator (SEBI) has alleged that a BofA unit improperly shared confidential information ahead of a $180M block trade and may have misled investigators — the bank is reportedly seeking a settlement; this raises regulatory/legal risk. India regulator probe and SEBI alleges breach
• Negative Sentiment: Wolfe Research downgraded BAC, adding near-term sell-side skepticism that can amplify selling pressure when combined with regulatory headlines. Wolfe Research downgrade

Bank of America Price Performance

NYSE BAC opened at $55.64 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $406.28 billion, a price-to-earnings ratio of 15.16 and a beta of 1.29. The company has a 50 day simple moving average of $54.03 and a 200-day simple moving average of $50.88. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.13. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $27.05 billion. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. Equities research analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, December 5th. Bank of America’s dividend payout ratio (DPR) is currently 30.52%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Phillip Securities raised their price objective on Bank of America from $50.00 to $56.00 in a research note on Tuesday, October 21st. UBS Group upped their target price on Bank of America from $55.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods increased their price target on Bank of America from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Hsbc Global Res upgraded Bank of America from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Dbs Bank raised shares of Bank of America to a “moderate buy” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.82.

Bank of America Profile

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.