Bank of America Corporation $BAC Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management increased its position in shares of Bank of America Corporation (NYSE:BAC) by 5.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 210,199 shares of the financial services provider’s stock after buying an additional 11,646 shares during the quarter. Ritholtz Wealth Management’s holdings in Bank of America were worth $10,844,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Permanent Capital Management LP purchased a new stake in shares of Bank of America in the 3rd quarter valued at approximately $649,000. Boston Common Asset Management LLC boosted its position in shares of 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 buying an additional 24,740 shares during the period. Disciplined Investments LLC purchased a new stake in shares of Bank of America in the 2nd quarter valued at $217,000. Sunbeam Capital Management LLC lifted its stake in 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 acquiring an additional 439 shares in the last quarter. Finally, CCG Wealth Management LLC purchased a new position in Bank of America during the 2nd quarter valued at about $287,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Q4 beat and upbeat core outlook — BAC posted EPS of $0.98 and revenue above expectations; management sees 5%–7% NII growth in 2026, supporting recurring earnings power. Bank Of America Tops Q4 Estimates As AI Drives Account Growth
• Positive Sentiment: AI/digital efficiency — Management highlighted Erica/AI and automation driving account growth and operating leverage (lower hiring needs), which supports margin expansion over time. Erica, AI and Digital Drive Operating Leverage at Bank of America
• Positive Sentiment: Analyst support — Several firms reaffirmed buys and a few raised price targets (Goldman, Argus), which gives institutional buyers ammunition to add on weakness. Goldman Sachs adjusts price target on Bank of America
• Neutral Sentiment: Mixed analyst moves — some firms trimmed long‑term estimates or nudged targets lower even as ratings stayed constructive; that generates both selling and buy‑on‑dip narratives. These Analysts Revise Their Forecasts On Bank of America After Q4 Earnings
• Neutral Sentiment: Macro/sector context — broader bank‑stock volatility (valuation repricing after 2025 gains) means BAC moves with sector flows even when fundamentals are solid. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Post‑earnings sentiment/positioning — despite the beat, BAC experienced selling as investors focused on parts of the outlook and pocketed gains after a strong run into earnings. Bank of America Falls After Strong Earnings Meet Softer Net-Interest-Income Outlook
• Negative Sentiment: Policy overhang — talk of a possible credit‑card interest‑rate cap and other regulatory moves are a near‑term risk to card revenue and valuation multiple. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Deposit‑flight/stablecoin concerns — CEO warnings that interest‑bearing stablecoins could pull large deposit pools raise systemic concerns about future deposit mixes and lending capacity. Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks

Bank of America Trading Up 0.1%

Shares of Bank of America stock opened at $52.53 on Friday. The company has a 50-day moving average of $54.17 and a two-hundred day moving average of $51.16. 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 0.79 and a debt-to-equity ratio of 1.15. The stock has a market cap of $383.59 billion, a PE ratio of 13.72 and a beta of 1.29.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 $28.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. Bank of America’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were given a dividend of $0.28 per share. The ex-dividend date was Friday, December 5th. This represents a $1.12 annualized dividend and a yield of 2.1%. Bank of America’s dividend payout ratio is 30.52%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Cowen reissued a “buy” rating on shares of Bank of America in a research report on Wednesday, January 7th. Barclays upped their target price on shares of Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. TD Cowen decreased their price target on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup boosted their price target on shares of Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, The Goldman Sachs Group increased their price objective on Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday. One equities 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.74.

Bank of America Company 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.