MassMutual Private Wealth & Trust FSB cut its holdings in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 664,000 shares of the financial services provider’s stock after selling 19,204 shares during the quarter. Bank of America comprises approximately 0.9% of MassMutual Private Wealth & Trust FSB’s investment portfolio, making the stock its 26th biggest position. MassMutual Private Wealth & Trust FSB’s holdings in Bank of America were worth $36,520,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wiser Advisor Group LLC purchased a new position in Bank of America during the third quarter worth about $27,000. Steph & Co. raised its stake in shares of Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 379 shares during the period. Marquette Asset Management LLC purchased a new stake in shares of Bank of America in the 3rd quarter valued at approximately $30,000. Collier Financial acquired a new position in shares of Bank of America in the 3rd quarter worth approximately $30,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Bank of America in the 3rd quarter worth approximately $31,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on BAC. Wells Fargo & Company lifted their target price on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Royal Bank Of Canada upped their price target on Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. raised their price target on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Erste Group Bank downgraded Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Keefe, Bruyette & Woods decreased their target price on Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.30.
Bank of America News Summary
Here are the key news stories impacting Bank of America this week:
- Positive Sentiment: Fed capital-reset plan could free up lending and boost banks’ growth and profitability — a tailwind for BAC if lower capital buffers translate into more loan activity and higher fee income. Fed’s Capital Reset: Lower Buffers, Increased Lending to Benefit Banks
- Positive Sentiment: Treasury market moves are pricing a higher chance of Fed hikes rather than cuts — higher rates generally support net interest margins for large banks like BAC, which can boost near‑term profitability. Treasuries Extend Slump as Likelihood of Fed Rate Cuts Fades
- Positive Sentiment: BofA’s digitization and AI initiatives are cited as unlocking revenue growth via 30B+ digital interactions, aiding cross‑selling and fee income beyond cost savings — supports the bank’s medium‑term revenue trajectory. Bank of America’s Digitization Initiatives Unlocking Revenue Growth
- Neutral Sentiment: Bank of America announced its 2026‑27 quarterly reporting schedule — routine corporate timing (low immediate market impact). Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates
- Neutral Sentiment: Marketing partnership with Visa (FIFA World Cup sweepstakes) increases consumer engagement but is unlikely to move fundamentals in the near term. BofA Teams with Visa to Offer Cardholders a Chance to Win a Trip to the FIFA World Cup 2026™
- Neutral Sentiment: BofA analysts remain active and bullish on technology names (e.g., Nvidia, TSM), which signals institutional research strength but is not a direct driver of BAC’s stock. Bank of America Still Loves Nvidia Stock After GTC 2026. Should You?
- Negative Sentiment: BofA flagged a higher risk of Fed hikes amid oil‑driven inflation and geopolitical risk — such warnings can increase investor caution and weigh on risk assets and lending outlook if growth fears rise. Bank of America Warns of Fed Rate Hike Risk as Crypto Market Faces Pressure
- Negative Sentiment: Analysis noting the Fed kept rates steady while flagging rising inflation suggests a tougher near‑term outlook for bank earnings and credit conditions, which could cap BAC’s near‑term upside. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
Bank of America Trading Up 0.3%
BAC opened at $47.15 on Friday. The business has a fifty day moving average price of $51.59 and a 200 day moving average price of $52.33. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The stock has a market capitalization of $338.37 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.15 and a beta of 1.28.
Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.Bank of America’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. Sell-side analysts expect 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 will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 annualized dividend and a yield of 2.4%. Bank of America’s dividend payout ratio (DPR) is 29.24%.
Insider Activity at Bank of America
In related 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 transaction, the insider 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the transaction, the insider owned 170,184 shares of the company’s stock, valued at $7,988,436.96. This trade represents a 35.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 227,832 shares of company stock valued at $11,094,960 over the last 90 days. 0.30% of the stock is owned by corporate insiders.
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.
Further Reading
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