Ashton Thomas Private Wealth LLC Raises Holdings in Bank of America Corporation $BAC

Ashton Thomas Private Wealth LLC increased its position in Bank of America Corporation (NYSE:BAC) by 16.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,282 shares of the financial services provider’s stock after buying an additional 33,593 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Bank of America were worth $12,551,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quaker Wealth Management LLC grew its holdings in shares of 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 valued at $25,000 after purchasing an additional 880 shares in the last quarter. Steph & Co. lifted its position in Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 379 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of Bank of America in the 2nd quarter worth $28,000. Marquette Asset Management LLC bought a new stake in shares of Bank of America in the 3rd quarter worth about $30,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Bank of America during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Stock Up 0.8%

NYSE:BAC opened at $54.47 on Wednesday. The company has a market cap of $397.77 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.32 and a beta of 1.29. Bank of America Corporation has a twelve month low of $33.06 and a twelve 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 fifty day simple moving average of $54.24 and a 200-day simple moving average of $51.70.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate 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 $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter last year, the firm posted $0.82 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. Analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BAC shares. Truist Financial dropped their price target on Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Barclays lifted their target price on Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. The Goldman Sachs Group increased their price target on Bank of America from $65.00 to $67.00 and gave the company a “buy” rating in a report on Monday, January 26th. Daiwa Capital Markets lowered their price target on Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Finally, CICC Research assumed coverage on shares of Bank of America in a research note on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.00.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Board declared a regular quarterly cash dividend of $0.28 per share (record March 6, payable March 27), supporting income-oriented demand for the stock. Bank of America Declares First Quarter 2026 Stock Dividends
• Positive Sentiment: Commentary and dividend-focused writeups highlight BAC as a yield option for investors seeking growth-plus-income, reinforcing demand among dividend-screen investors. Are You Looking for a High-Growth Dividend Stock?
• Neutral Sentiment: Bank of America Institute research points to stronger local consumer spending around major sporting events (Super Bowl), a modest tailwind for card and deposit activity but not an immediate earnings driver. NFL Games Drive 77% Surge In Spending — Super Bowl Set To Supercharge Bay Area
• Neutral Sentiment: Broader industry/valuation pieces and BofA research notes (including downgrades the firm made on other fintechs) signal active analyst engagement but do not directly change BAC fundamentals. Figure Technology slides after BofA downgrade flags stretched valuation
• Negative Sentiment: Several sell-side analysts trimmed BAC price targets and flagged adjustments to provisions plus a pause or slowdown in share buybacks, which has pressured sentiment and could limit near-term EPS support from buybacks. Analysts Cut Bank of America (BAC) Price Targets Amid Adjusted Provisions and Buyback Pause
• Negative Sentiment: Legal risk remains on investors’ radar: a judge kept Epstein-related claims alive, a headline that can reintroduce litigation uncertainty and potential settlement or reputational overhang. Judge Keeps Epstein Claims Alive For Bank Of America Risk Narrative
• Negative Sentiment: High-profile selling: coverage noted Warren Buffett/Berkshire pared its BAC stake materially over prior quarters, a signal some investors read as reduced conviction from a major shareholder (historical context rather than a new disclosure). Warren Buffett Sold 45% of Berkshire Hathaway’s Bank of America Stake

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.