Carlson Capital L.P. Makes New $887,000 Investment in Bank of America Corporation $BAC

Carlson Capital L.P. acquired a new position in shares of Bank of America Corporation (NYSE:BAC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,200 shares of the financial services provider’s stock, valued at approximately $887,000. Bank of America accounts for about 0.3% of Carlson Capital L.P.’s holdings, making the stock its 18th biggest position.

Other institutional investors also recently modified their holdings of the company. Wescott Financial Advisory Group LLC boosted its stake in Bank of America by 1.4% during the third quarter. Wescott Financial Advisory Group LLC now owns 15,531 shares of the financial services provider’s stock worth $801,000 after acquiring an additional 219 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new stake in Bank of America in the third quarter valued at $207,000. State of Michigan Retirement System raised its holdings in shares of Bank of America by 3.2% during the third quarter. State of Michigan Retirement System now owns 1,963,412 shares of the financial services provider’s stock valued at $101,292,000 after purchasing an additional 61,200 shares during the period. Fortitude Advisory Group L.L.C. boosted its position in shares of Bank of America by 1.5% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 15,062 shares of the financial services provider’s stock worth $777,000 after purchasing an additional 221 shares in the last quarter. Finally, DDFG Inc grew its stake in shares of Bank of America by 9.7% in the 3rd quarter. DDFG Inc now owns 8,557 shares of the financial services provider’s stock valued at $441,000 after buying an additional 757 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BAC. Morgan Stanley dropped their price target on Bank of America from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Barclays boosted their price objective on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Argus increased their target price on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Keefe, Bruyette & Woods reduced their price target on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. Finally, Piper Sandler raised their price objective on shares of Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Twenty-two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and an average target price of $60.30.

Bank of America Trading Up 2.9%

NYSE BAC opened at $56.54 on Friday. 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 business has a fifty day simple moving average of $54.38 and a 200 day simple moving average of $51.81. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The firm has a market capitalization of $412.88 billion, a P/E ratio of 14.76, a PEG ratio of 1.34 and a beta of 1.29.

Bank of America (NYSE:BAC) last posted 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. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS. On average, analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio is presently 29.24%.

Bank of America News Roundup

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

• Positive Sentiment: Wall Street peers and BAC are boosting bonus pools by at least 10%, a market signal that investment‑banking and markets revenue was strong in 2025 — this supports investor confidence in BAC’s profitability and retention. JPMorgan, Goldman, Bank of America Boost Bonus Pools by at Least 10%
• Positive Sentiment: Reports that BofA plans to revamp credit‑card offerings and is leveraging AI to boost consumer profit have investors expecting higher card revenue and improved margins over time. Product revamps + steady dividends are a clear near‑term positive for bank earnings outlook. Bank of America to revamp credit cards to fuel consumer profit – report
• Positive Sentiment: HSBC nudged its BAC price target up to $57 from $55 (hold), a modest analyst backing that removes some near‑term downside uncertainty. HSBC adjusts price target on Bank of America to $57 from $55; maintains hold rating
• Neutral Sentiment: BofA announced full redemption of its Series DD preferred stock — a corporate capital action that simplifies the capital structure; impact depends on how the redemption is funded and future capital allocation. Bank of America Announces Full Redemption of Its Series DD Preferred Stock and Related Depositary Shares
• Neutral Sentiment: Strategist Michael Hartnett’s “Main Street over Davos” theme and calls to favor midcaps reflect positioning advice from BofA Research; useful for market positioning but not an immediate earnings catalyst for BAC itself. ‘Stay Long Detroit, Short Davos’: Why BofA’s Hartnett Sees A Main Street Boom Ahead Of The Midterms
• Negative Sentiment: BofA Institute flagged that middle‑class wage growth is stalling — a potential headwind for consumer spending, card volumes and loan performance if the trend persists. Bank of America Warns Middle Class Wages Are Stalling
• Negative Sentiment: BofA’s market strategist also warns that a two‑decade high in its “bull and bear” indicator could signal a market peak — an elevated macro risk that could pressure bank shares if broader risk appetite falls. Two‑decade high for Bank of America’s ‘bull and bear’ indicator points to stock‑market peak, strategist says

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.