NWF Advisory Services Inc. Sells 20,813 Shares of Bank of America Corporation $BAC

NWF Advisory Services Inc. lowered its position in shares of Bank of America Corporation (NYSE:BAC) by 8.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 225,804 shares of the financial services provider’s stock after selling 20,813 shares during the quarter. Bank of America accounts for about 1.3% of NWF Advisory Services Inc.’s investment portfolio, making the stock its 19th biggest holding. NWF Advisory Services Inc.’s holdings in Bank of America were worth $11,649,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Permanent Capital Management LP purchased a new position in shares of Bank of America during the third quarter valued at approximately $649,000. Boston Common Asset Management LLC boosted its holdings in Bank of America by 10.5% during the second quarter. Boston Common Asset Management LLC now owns 259,680 shares of the financial services provider’s stock worth $12,288,000 after purchasing an additional 24,740 shares during the last quarter. Disciplined Investments LLC purchased a new stake in Bank of America in the 2nd quarter valued at about $217,000. Sunbeam Capital Management LLC lifted its position in shares of Bank of America by 7.3% during the 2nd quarter. Sunbeam Capital Management LLC now owns 6,476 shares of the financial services provider’s stock worth $306,000 after buying an additional 439 shares in the last quarter. Finally, CCG Wealth Management LLC bought a new position in shares of Bank of America in the second quarter valued at approximately $287,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on BAC. Deutsche Bank Aktiengesellschaft upped their price objective on Bank of America from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Daiwa Capital Markets lifted their price objective on shares of Bank of America from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Wolfe Research downgraded Bank of America from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, Evercore ISI set a $59.00 price target on Bank of America in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.83.

Bank of America Price Performance

Shares of NYSE:BAC opened at $52.04 on Tuesday. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market cap of $380.02 billion, a P/E ratio of 13.59, a P/E/G ratio of 1.26 and a beta of 1.29. The company has a 50 day moving average of $54.07 and a 200 day moving average of $51.42.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

More Bank of America News

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

• Positive Sentiment: Goldman Sachs raised its price target on BAC to $67 and kept a Buy rating, adding institutional conviction and implying meaningful upside from current levels. Goldman Sachs Raises PT to $67
• Positive Sentiment: Market commentary highlights BAC’s very low P/E, recent earnings beat and analysts calling for ~25% upside, framing the recent pullback as a buy-the-dip opportunity for value-oriented investors. MarketBeat: Rock-Bottom P/E and 25% Upside Potential
• Neutral Sentiment: Bank of America research has raised macro forecasts (notably calling for much higher gold prices), signaling the firm’s macro team is positioned for stronger inflation/commodity moves — important for macro-aware investors but indirect for BAC’s near-term earnings. BofA Calls For $6,000 Gold in 2026
• Neutral Sentiment: BofA research pieces (e.g., TipRanks coverage) emphasizing AI chip opportunities show the firm’s active advisory/research role in hot sectors, which is reputationally positive but not a direct driver of BAC’s retail/wholesale banking revenue. BofA Bets on 2 AI Chip Stocks
• Negative Sentiment: Reports say BAC is evaluating credit-card offerings with a 10% interest rate in response to a proposed 10% cap; if a cap is implemented it could materially compress card lending margins and hit consumer finance profitability. Investors view this as a regulatory headwind to monitor. BAC Evaluates New Credit Cards With 10% Rate
• Negative Sentiment: A recent note/forecast roundup points out BAC lost ground over the past month (rougher short-term performance), reflecting profit-taking after a strong 2025 and sensitivity to macro/geopolitical risk; this explains some of the downward pressure prior to today’s rebound. BAC Price Prediction and Forecast

About Bank of America

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.