Geneos Wealth Management Inc. Has $2.06 Million Position in Bank of America Corporation $BAC

Geneos Wealth Management Inc. decreased its position in shares of Bank of America Corporation (NYSE:BAC) by 34.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,866 shares of the financial services provider’s stock after selling 20,833 shares during the period. Geneos Wealth Management Inc.’s holdings in Bank of America were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BAC. Nova Wealth Management Inc. boosted its holdings in shares of Bank of America by 75.2% in the 2nd quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 227 shares in the last quarter. Quaker Wealth Management LLC lifted its position in shares of Bank of America by 246.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after buying an additional 880 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in Bank of America in the second quarter valued at about $28,000. 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 valued at $28,000 after acquiring an additional 379 shares during the last quarter. Finally, CGC Financial Services LLC grew its position in 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 acquiring an additional 521 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Several sell-side firms raised price targets and repeated bullish ratings this week (TD Cowen raised its target to $66 with a Buy, Goldman Sachs to $64, JPMorgan to $61, Wells Fargo to $65). Those upgrades have supported demand and helped BAC hit recent highs earlier in the session. Benzinga Goldman Sachs PT Raise MarketScreener
• Positive Sentiment: Coverage and market commentary showed BAC trading up and reaching a 12‑month high following analyst activity, reflecting momentum among institutional buyers. AmericanBankingNews
• Neutral Sentiment: Bank of America confirmed its Q4 2025 results and investor call are scheduled for Jan. 14 — a near-term catalyst where results, guidance and reserve commentary could move the stock. PR Newswire
• Neutral Sentiment: BofA research remains active around AI and semiconductors (naming top chip picks like Nvidia and Broadcom), which highlights the firm’s thematic research strength but is more relevant to industry calls and fee opportunities than immediate BAC earnings. TipRanks – Top Chip Stocks TipRanks – Nvidia Note
• Neutral Sentiment: Analyst commentary and previews (Zacks and others) suggest expectations for modest earnings growth; these previews set the bar for Jan. 14 but don’t imply a definitive beat or miss. Zacks
• Negative Sentiment: Regulatory risk: Reuters reports India’s markets regulator found Bank of America shared material non‑public information ahead of a $180M block trade and misled authorities. That finding raises potential fines, compliance costs and reputational damage — a clear near‑term negative that likely pressured the stock today. Reuters

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Cowen reissued a “buy” rating on shares of Bank of America in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Bank of America from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Morgan Stanley cut their target price on shares of Bank of America from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Citigroup upped their price target on shares of Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Wells Fargo & Company increased their price target on Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.82.

Bank of America Price Performance

BAC stock opened at $55.64 on Thursday. The company has a market capitalization of $406.28 billion, a P/E ratio of 15.16 and a beta of 1.29. The company has a fifty day moving average price of $54.03 and a 200-day moving average price of $50.88. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.79 and a current ratio of 0.79. 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 issued its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.13. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $27.05 billion. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. Bank of America’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share. As a group, equities analysts expect that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 5th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. Bank of America’s dividend payout ratio is presently 30.52%.

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.