Samalin Investment Counsel LLC Acquires 43,750 Shares of Bank of America Corporation $BAC

Samalin Investment Counsel LLC lifted its holdings in Bank of America Corporation (NYSE:BAC) by 156.9% during the third quarter, Holdings Channel reports. The institutional investor owned 71,633 shares of the financial services provider’s stock after acquiring an additional 43,750 shares during the quarter. Bank of America makes up approximately 1.3% of Samalin Investment Counsel LLC’s investment portfolio, making the stock its 12th biggest position. Samalin Investment Counsel LLC’s holdings in Bank of America were worth $3,696,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quaker Wealth Management LLC grew its holdings in Bank of America by 246.5% in the second 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 during the period. RMG Wealth Management LLC purchased a new position in shares of Bank of America during the second quarter valued at approximately $28,000. Steph & Co. boosted its position in shares of Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares in the last quarter. CGC Financial Services LLC boosted its position in shares of Bank of America by 585.4% in the 2nd quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 521 shares in the last quarter. Finally, Marquette Asset Management LLC purchased a new stake in shares of Bank of America in the 3rd quarter worth approximately $30,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

More Bank of America News

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

• Positive Sentiment: Recent quarter beat and revenue strength support higher near-term earnings expectations; this underpins investor confidence in net income resilience and capital returns. BAC Earnings & Metrics
• Positive Sentiment: CEO Brian Moynihan says the U.S. economy may be stronger than consensus in 2026 (BofA sees ~2.8% GDP growth), which implies higher loan demand and better net interest income for banks. Bank of America CEO sees stronger 2026 economy
• Positive Sentiment: BofA announced a $1 billion stock award for nearly all non-executive employees (Sharing Success Program) — a signal of strong profitability and a shareholder-friendly culture (broad-based equity can aid retention and performance). BofA Awards $1 Billion in Stock
• Positive Sentiment: Sector commentary suggests bank stocks could outperform in 2026 (higher growth and rate support); that narrative helps BAC relative valuation and investor interest in dividend/Income plays. Why Bank Stocks Could Surprise Investors in 2026
• Neutral Sentiment: Media pieces highlighting long-term BAC shareholder returns and comparisons with peers provide context but are unlikely to move the stock materially on their own. $1,000 Invested in BAC 10 Years Ago
• Neutral Sentiment: BofA research/analyst activity focused on other companies (e.g., TI, Moderna) reflects the bank’s brokerage arm views but doesn’t directly change BAC’s fundamentals. BofA Securities Ratings (TI example)
• Negative Sentiment: Management and public comments warn of a meaningful deposit flight risk (BofA cites up to $6T risk if customers chase high stablecoin yields) — this is a tangible funding/competitive risk that could pressure NIMs and deposit costs if realized. Bank Of America CEO Joins Chorus Against Stablecoin Yield

Bank of America Stock Performance

Shares of NYSE BAC opened at $52.09 on Wednesday. The firm’s 50-day moving average price is $54.13 and its 200-day moving average price is $51.29. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. The company has a market cap of $380.37 billion, a PE ratio of 13.60 and a beta of 1.29. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The company had revenue of $28.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders 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 2.2%. The ex-dividend date of this dividend was Friday, December 5th. Bank of America’s dividend payout ratio is presently 29.24%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BAC. Hsbc Global Res upgraded Bank of America from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Robert W. Baird upped their price target on shares of Bank of America from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. 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 report on Tuesday, September 30th. Barclays lifted their target price on shares of Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, TD Cowen cut their price target on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $59.74.

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.