Railway Pension Investments Ltd Invests $198.60 Million in Bank of America Corporation $BAC

Railway Pension Investments Ltd purchased a new stake in Bank of America Corporation (NYSE:BAC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,485,400 shares of the financial services provider’s stock, valued at approximately $198,598,000. Bank of America makes up 2.5% of Railway Pension Investments Ltd’s holdings, making the stock its 13th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Bank of America in the fourth quarter valued at approximately $4,774,210,000. Legal & General Group Plc acquired a new position in Bank of America in the 2nd quarter valued at approximately $2,571,060,000. Capital International Investors bought a new position in shares of Bank of America during the fourth quarter valued at $2,357,461,000. Deutsche Bank AG acquired a new position in shares of Bank of America during the second quarter worth $2,359,172,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Bank of America during the second quarter worth $2,313,953,000. Institutional investors own 70.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Oppenheimer downgraded Bank of America from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Evercore set a $63.00 price target on Bank of America and gave the company an “outperform” rating in a research report on Monday, July 6th. Argus set a $70.00 price target on Bank of America in a research note on Wednesday, July 15th. Citigroup raised their price objective on Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 target price on shares of Bank of America in a report on Tuesday, July 14th. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.08.

Bank of America Stock Performance

Shares of BAC opened at $61.99 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The firm’s fifty day simple moving average is $61.27 and its two-hundred day simple moving average is $54.95. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The stock has a market capitalization of $433.48 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.08. The firm had revenue of $31.56 billion during the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. As a group, analysts predict that Bank of America Corporation will post 4.68 EPS for the current year.

Bank of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.32 dividend. The ex-dividend date is Friday, September 4th. This is an increase from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. Bank of America’s dividend payout ratio is presently 25.69%.

Key Stories Impacting Bank of America

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

• Positive Sentiment: AI investment is supporting commercial-loan growth. U.S. business lending reached $2.93 trillion, a 10% year-over-year increase and the fastest growth since March 2023. Bank of America said artificial-intelligence capital spending is a key driver, creating potential demand for financing and related banking services. US Banks Want a Bigger Piece Of The AI Trade: Here’s How They’re Getting It
• Positive Sentiment: Net interest income is showing strong momentum. BAC generated $31.7 billion of net interest income in the first half of 2026, up 9% from a year earlier, helped by loan and deposit growth and asset repricing. Analysts expect the trend to continue through the rest of the year, supporting revenue and earnings. BAC Records 9% Y/Y Growth in NII in 1H26: Will the Uptrend Continue?
• Positive Sentiment: Bank of America’s broader market outlook has become less defensive. Its market signals moved from “red” to “yellow,” indicating reduced concern about an immediate bear market. This could improve sentiment toward economically sensitive financial stocks, although the bank continues to flag valuation and credit risks. BofA turns S&P 500 signals from red to yellow: What to buy now
• Neutral Sentiment: Higher rate expectations create both benefits and risks. Rising odds of a Federal Reserve rate hike could support loan yields and net interest income, but may also slow economic activity, pressure borrowers and increase credit-loss concerns. Fed Rate Hike Bets Are Back
• Negative Sentiment: Valuation is limiting upside. After a strong six-month advance and solid quarterly results, commentary has highlighted BAC as a relatively risky choice at current levels, raising profit-taking concerns if earnings growth or market conditions weaken. 3 Reasons BAC is Risky and 1 Stock to Buy Instead

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.