Tema ETFs LLC Grows Holdings in Bank of America Corporation $BAC

Tema ETFs LLC boosted its position in Bank of America Corporation (NYSE:BAC) by 10.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 136,391 shares of the financial services provider’s stock after acquiring an additional 13,195 shares during the quarter. Tema ETFs LLC’s holdings in Bank of America were worth $7,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in shares of Bank of America in the fourth quarter worth about $26,000. Wiser Advisor Group LLC acquired a new stake in Bank of America during the 3rd quarter valued at approximately $27,000. CrossGen Wealth LLC acquired a new stake in Bank of America during the 4th quarter valued at approximately $30,000. Joseph Group Capital Management purchased a new stake in Bank of America during the 4th quarter worth approximately $32,000. Finally, HFM Investment Advisors LLC increased its holdings in Bank of America by 566.0% during the 4th quarter. HFM Investment Advisors LLC now owns 626 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 532 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Wall Street analysts remain broadly bullish on Bank of America as the stock trades near record territory, while improving trading, investment-banking activity and capital markets are supporting the bank’s outlook. However, limited retail participation could signal some caution about valuation. With Bank of America at Record Highs, Wall Street Is Bullish but Retail Is Wary
• Positive Sentiment: Erste Group raised its Bank of America EPS forecasts slightly to $4.65 for fiscal 2026 and $5.25 for fiscal 2027. The 2027 estimate is above the current consensus of approximately $4.68 for the full year, reinforcing expectations for continued earnings growth. Bank of America earnings estimate update
• Positive Sentiment: A broader earnings backdrop is helping financial stocks: roughly 80% of S&P 500 companies reporting second-quarter results have posted year-over-year EPS growth. Strong corporate profits may support market activity, loan demand and investment-banking revenue for BAC. Corporate earnings soared in Q2
• Positive Sentiment: BofA analysts maintained a Buy rating on Nvidia and issued bullish targets on Nvidia and Tower Semiconductor. While these calls do not directly change BAC’s earnings, they highlight the bank’s research and advisory franchise amid strong technology and AI investment activity. BofA analyst says Nvidia stock is depressed
• Neutral Sentiment: Bank of America’s reported changes to stakes in Formet Metal ve Cam and Alves Kablo are routine portfolio disclosures and are unlikely to materially affect BAC’s valuation. Bank of America stake disclosure
• Negative Sentiment: BAC is tightening lending standards for data-center projects because of permitting delays, community opposition, power demand and environmental concerns. The move may reduce exposure to problematic AI infrastructure loans, but could also limit growth in a rapidly expanding financing market. Bank of America tightens data center lending standards

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 target price on shares of Bank of America in a research note on Tuesday, July 14th. Barclays lifted their price target on shares of Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Oppenheimer downgraded shares of Bank of America from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. HSBC raised their price objective on shares of Bank of America from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Bank of America from $62.50 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Twenty-one analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $64.08.

Bank of America Stock Up 0.2%

Shares of Bank of America stock opened at $63.97 on Wednesday. The stock has a market capitalization of $447.30 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.02 and a beta of 1.17. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $64.27. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The business’s 50 day simple moving average is $59.11 and its 200-day simple moving average is $54.05.

Bank of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.32 dividend. This is a boost from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. Bank of America’s dividend payout ratio is 25.69%.

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.