Bank of America Corporation $BAC Shares Purchased by Certuity LLC

Certuity LLC raised its holdings in Bank of America Corporation (NYSE:BAC) by 5.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 523,113 shares of the financial services provider’s stock after acquiring an additional 25,268 shares during the quarter. Bank of America accounts for about 1.3% of Certuity LLC’s portfolio, making the stock its 12th biggest holding. Certuity LLC’s holdings in Bank of America were worth $26,987,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Permanent Capital Management LP acquired a new position in shares of Bank of America in the third quarter worth about $649,000. Meridian Wealth Management LLC raised its holdings in shares of Bank of America by 54.6% during the third quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider’s stock valued at $3,008,000 after acquiring an additional 20,591 shares during the period. Lockheed Martin Investment Management Co. lifted its position in shares of Bank of America by 15.9% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider’s stock valued at $32,482,000 after acquiring an additional 86,290 shares in the last quarter. World Equity Group Inc. boosted its stake in Bank of America by 21.8% in the 3rd quarter. World Equity Group Inc. now owns 73,188 shares of the financial services provider’s stock worth $3,779,000 after purchasing an additional 13,119 shares during the period. Finally, AdvisorShares Investments LLC acquired a new position in Bank of America in the 3rd quarter worth approximately $482,000. Institutional investors own 70.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BAC. Wells Fargo & Company boosted their target price on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Oppenheimer lifted their price target on Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Wolfe Research lowered Bank of America from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. CICC Research initiated coverage on Bank of America in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, January 27th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Bank of America currently has an average rating of “Moderate Buy” and an average price target of $60.30.

Insider Activity at Bank of America

In other Bank of America news, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the completion of the sale, the insider directly owned 307,240 shares in the company, valued at $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the sale, the insider directly owned 227,973 shares of the company’s stock, valued at $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.30% of the company’s stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: Management/strategy: Bank of America projects solid Q1 revenue growth (net interest income, investment banking and global markets), which supports medium‑term earnings resilience. BofA projects solid first-quarter growth across key businesses
• Positive Sentiment: Product/fee growth: Zelle and Bank of America launched instant donor-advised-fund disbursements, a payments innovation that can improve client service and fee/flow dynamics in wealth and treasury products. Zelle and Bank of America Partner to Accelerate Delivery of Charitable Donations to Nonprofits
• Positive Sentiment: Analyst backdrop: Wall Street coverage remains constructive overall (multiple Buy/Outperform ratings and a median 6–12 month target near $62), which supports longer‑term upside vs. current levels. Bank of America falls as rate volatility and sector-wide risk-off sentiment pressure bank shares
• Neutral Sentiment: Capital actions: The board declared regular cash dividends on several series of preferred stock (payment dates in April–May); this affects preferred holders and liquidity planning but has limited direct impact on common shareholders. Bank of America Declares Preferred Stock Dividends Payable in April and May 2026
• Neutral Sentiment: Global research activity: BofA research continues to move ratings and targets across the market (e.g., Qualcomm reinstated as Underperform; Bumble target trimmed) — shows healthy brokerage flow but is not company specific. Qualcomm Stock Warning: Why Bank of America Is Betting That QCOM Will Underperform
• Neutral Sentiment: International trading activity: BofA Securities participated in a block trade in Kaynes Technologies (India); more a regional/flow trade than a corporate signal for BAC common shares. BofA Securities enters Kaynes Technologies via Rs 42 crore block deal; stock down 48% in six months
• Negative Sentiment: Macro/sector pressure: Renewed rate volatility after recent CPI and heavy Treasury issuance triggered a sector‑wide bank pullback; BAC is sensitive to rate moves given NII and duration exposures. Also, recent regulatory/stress‑capital buffer discussion and heavy insider selling amplify downside risk in risk‑off flows. Bank of America falls as rate volatility and sector-wide risk-off sentiment pressure bank shares
• Negative Sentiment: Market reaction: Short‑term price weakness was highlighted in market writeups noting BAC declined more than the broader market today, which can trigger technical selling and higher intraday volatility. Bank of America (BAC) Declines More Than Market: Some Information for Investors

Bank of America Trading Down 2.9%

NYSE BAC opened at $47.13 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. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The firm’s fifty day simple moving average is $52.70 and its 200-day simple moving average is $52.47. The company has a market capitalization of $338.24 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.28.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, March 6th. Bank of America’s payout ratio is currently 29.24%.

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.