Proficio Capital Partners LLC Makes New Investment in Bank of America Corporation $BAC

Proficio Capital Partners LLC bought a new position in Bank of America Corporation (NYSE:BAC) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 27,157 shares of the financial services provider’s stock, valued at approximately $1,547,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. purchased a new position in Bank of America during the second quarter worth about $25,000. Abound Financial LLC purchased a new stake in shares of Bank of America during the fourth quarter valued at approximately $26,000. Wiser Advisor Group LLC purchased a new stake in shares of Bank of America during the third quarter valued at approximately $27,000. CrossGen Wealth LLC bought a new stake in Bank of America during the fourth quarter worth $30,000. Finally, Vermillion Wealth Management Inc. boosted its position in Bank of America by 199.1% in the first quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 438 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BAC shares. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods lifted their target price on Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Barclays boosted their price target on shares of Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. UBS Group raised their price objective on shares of Bank of America from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Robert W. Baird lifted their price objective on shares of Bank of America from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Twenty-one analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.08.

Bank of America Trading Up 0.0%

Shares of BAC opened at $61.97 on Wednesday. The business has a 50-day moving average of $61.35 and a 200 day moving average of $55.01. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22. The firm has a market cap of $433.34 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83.

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

Bank of America Increases Dividend

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

Trending Headlines about Bank of America

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

• Positive Sentiment: Stablecoin initiative could create a new payments opportunity: Bank of America is among 21 financial institutions planning to form a company that could issue a dollar-pegged stablecoin in the first half of 2027. The project may help BAC participate in faster, lower-cost digital payments, although regulatory and execution risks remain. Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
• Positive Sentiment: Net interest income continues to support earnings: BAC’s net interest income rose 9% year over year to $31.7 billion in the first half of 2026, supported by loan and deposit growth and asset repricing. Continued gains could bolster revenue and profitability if the trend persists through year-end. BAC Records 9% Y/Y Growth in NII in 1H26
• Neutral Sentiment: Analyst commentary remains broadly constructive but cautious: Bank of America’s market signals improved from “red” to “yellow,” suggesting reduced recession concerns while still flagging elevated valuations and credit risks. Its research also highlighted commercial-loan growth tied to artificial-intelligence capital spending, a potential opportunity for BAC’s lending business.
• Neutral Sentiment: Limited direct impact from other research and corporate news: BofA named Rocket Lab and Voyager Technologies as potential SpaceX alternatives, while the reported death of a BAC vice president in a Times Square stabbing is a tragic personnel event with no indicated material effect on the company’s financial outlook. BofA names 2 SpaceX alternatives with massive upside Bank of America vice president identified as victim
• Negative Sentiment: Berkshire Hathaway’s continued selling is an overhang: Reports that Berkshire has reduced its BAC position for eight consecutive quarters may reinforce profit-taking and create concern that a major long-term shareholder has become less bullish, despite BAC’s solid operating results. Warren Buffett’s Successor, Greg Abel, Started His Tenure With a Bang

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.