Perfromance Wealth Partners LLC Purchases 14,757 Shares of Bank of America Corporation $BAC

Perfromance Wealth Partners LLC increased its position in shares of Bank of America Corporation (NYSE:BAC) by 36.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,373 shares of the financial services provider’s stock after buying an additional 14,757 shares during the period. Perfromance Wealth Partners LLC’s holdings in Bank of America were worth $3,045,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Asio Capital LLC raised its stake in Bank of America by 5.7% during the fourth quarter. Asio Capital LLC now owns 105,099 shares of the financial services provider’s stock worth $5,780,000 after buying an additional 5,649 shares during the last quarter. Cane Capital Partners LLC acquired a new stake in Bank of America in the fourth quarter worth $3,111,000. Brooklyn FI LLC acquired a new stake in Bank of America in the fourth quarter worth $297,000. MBL Wealth LLC grew its holdings in Bank of America by 34.6% in the fourth quarter. MBL Wealth LLC now owns 34,690 shares of the financial services provider’s stock worth $1,908,000 after purchasing an additional 8,922 shares during the period. Finally, Modera Wealth Management LLC grew its holdings in Bank of America by 3.4% in the fourth quarter. Modera Wealth Management LLC now owns 75,947 shares of the financial services provider’s stock worth $4,177,000 after purchasing an additional 2,520 shares during the period. Institutional investors own 70.71% of the company’s stock.

Insider Activity

In related news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the transaction, the insider directly owned 170,184 shares in the company, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas M. Scrivener sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 227,973 shares in the company, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 227,832 shares of company stock worth $11,094,960 over the last three months. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on BAC. JPMorgan Chase & Co. reduced their price target on shares of Bank of America from $61.50 to $57.50 and set an “overweight” rating for the company in a report on Tuesday. HSBC upgraded shares of Bank of America from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Wednesday, April 1st. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. The Goldman Sachs Group raised their price target on shares of Bank of America from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Monday. Finally, Truist Financial reduced their price target on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Twenty-three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.90.

Bank of America News Roundup

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

• Positive Sentiment: Evercore ISI reaffirmed a Buy stance on BAC, providing direct dealer support for the stock and helping investor confidence. Evercore ISI Sticks to Its Buy Rating for Bank of America (BAC)
• Positive Sentiment: Goldman Sachs raised its price target to $58 (maintained Buy), a constructive signal that may attract buyers given BAC’s valuation and dividend/buyback story. Goldman raises BAC PT to $58
• Positive Sentiment: Strategic/operational recognition: BofA was named the No.1 global OCIO provider for nonprofits in 2025, highlighting fee-business strength and long-term client relationships that support non‑interest revenue. BofA Named No.1 Nonprofit OCIO Provider Globally in 2025
• Neutral Sentiment: Preview/earnings context: Analysts and commentaries flag the upcoming Q1 report as pivotal for 2026 guidance — the market is focused more on earnings stability than upside reacceleration. This keeps volatility possible but doesn’t decisively change the medium-term thesis. Bank of America Earnings: A Pivotal Report For 2026 Expectations
• Neutral Sentiment: Sector/context: BofA analysts expect US banks to deliver broadly in‑line to slightly better Q1 results; sector tailwinds from NII remain but are increasingly questioned. This supports the name relative to peers but keeps results event-driven. US banks set to deliver solid first quarter results
• Neutral Sentiment: Relative positioning: comparison pieces (e.g., BAC vs PNC) and long‑term bull commentary keep BAC in investors’ focus as a scale-driven bank, but these are background factors rather than immediate catalysts. BAC vs. PNC: Which Wins When Picking Between Scale & Stability?
• Negative Sentiment: Several firms trimmed price targets (JPMorgan to $57.50, Daiwa to $58, Evercore Inc. to $55, Autonomous to $54). While many maintained buy/overweight stances, the downward PT revisions cap near‑term upside and signal caution from analysts. JPMorgan lowers BAC PT Daiwa lowers BAC PT
• Negative Sentiment: Macro/earnings risk: commentary notes that much downside may already be priced in, but the fading rate tailwind and sensitivity of NII to Fed moves remain a tangible downside risk heading into Q1. Bank Of America: Heading Into Q1 With More Priced In Than Left To Price Rate tailwind fading

Bank of America Stock Up 0.4%

Shares of NYSE BAC opened at $50.26 on Wednesday. The stock has a market capitalization of $359.15 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.20 and a beta of 1.23. The company has a 50-day moving average price of $50.61 and a 200-day moving average price of $52.19. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. 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 (NYSE:BAC) last issued 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. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations 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 was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share. On average, equities research analysts forecast that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

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.