Bank of America (NYSE:BAC) Shares Down 2.8% – Here’s Why

Bank of America Corporation (NYSE:BAC)’s stock price was down 2.8% during mid-day trading on Wednesday . The stock traded as low as $55.44 and last traded at $55.6360. Approximately 49,235,096 shares changed hands during trading, an increase of 38% from the average daily volume of 35,651,738 shares. The stock had previously closed at $57.25.

More Bank of America News

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

• Positive Sentiment: Several major sell-side firms raised targets or reiterated bullish views — TD Cowen raised its target to $66 and kept a Buy rating, Wells Fargo lifted its target to $65, Goldman raised its target to $64, and JPMorgan pushed its target to $61—collectively signaling fresh analyst conviction and upward earnings/valuation expectations. Benzinga
• Positive Sentiment: Market coverage noted BAC’s strong 2025 momentum (shares outpaced the S&P 500) and the firm’s loan growth/branch expansion narrative that supports 2026 upside. Zacks: BAC momentum
• Neutral Sentiment: Bank of America confirmed it will report Q4 2025 results and host an investor call on January 14 — a near-term catalyst that can drive volatility depending on loan growth, NII, expense and credit metrics. PR Newswire: Q4 date
• Neutral Sentiment: Options flow and trading-interest writeups noted increased activity in BAC derivatives — can amplify moves intraday but are ambiguous for direction without a fresh fundamental trigger. Benzinga: options trends
• Negative Sentiment: A Zacks preview flagged that BAC may lack the two key ingredients typically associated with an earnings beat for the upcoming report, suggesting upside from results could be limited and that investors should temper expectations ahead of the print. Zacks: earnings preview

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BAC shares. TD Cowen upped their price target on Bank of America from $64.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday. Daiwa Capital Markets upped their target price on shares of Bank of America from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on shares of Bank of America from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Citigroup boosted their price target on shares of Bank of America from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, The Goldman Sachs Group upped their price objective on shares of Bank of America from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and a consensus price target of $59.82.

Bank of America Trading Down 2.8%

The company has a 50 day simple moving average of $53.97 and a 200 day simple moving average of $50.84. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $406.28 billion, a PE ratio of 15.16 and a beta of 1.29.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $27.05 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Permanent Capital Management LP acquired a new stake in shares of Bank of America during the third quarter valued at $649,000. Boston Common Asset Management LLC lifted its holdings in Bank of America by 10.5% in the 2nd quarter. Boston Common Asset Management LLC now owns 259,680 shares of the financial services provider’s stock valued at $12,288,000 after purchasing an additional 24,740 shares in the last quarter. Disciplined Investments LLC acquired a new stake in shares of Bank of America during the 2nd quarter worth about $217,000. Sunbeam Capital Management LLC grew its holdings in shares of Bank of America by 7.3% during the second 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 acquired a new position in shares of Bank of America in the second quarter valued at approximately $287,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

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.