Silicon Valley Capital Partners Acquires 27,283 Shares of Bank of America Corporation $BAC

Silicon Valley Capital Partners lifted its stake in Bank of America Corporation (NYSE:BAC) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,576 shares of the financial services provider’s stock after buying an additional 27,283 shares during the period. Bank of America makes up approximately 1.3% of Silicon Valley Capital Partners’ holdings, making the stock its 22nd largest holding. Silicon Valley Capital Partners’ holdings in Bank of America were worth $14,638,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Bank of America in the 4th quarter worth approximately $4,774,210,000. Legal & General Group Plc bought a new stake in shares of Bank of America during the second quarter valued at approximately $2,571,060,000. Capital International Investors bought a new stake in shares of Bank of America during the fourth quarter valued at approximately $2,357,461,000. Deutsche Bank AG purchased a new stake in Bank of America in the second quarter worth $2,359,172,000. Finally, Bank of New York Mellon Corp purchased a new stake in Bank of America in the second quarter worth $2,313,953,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BAC. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price objective on shares of Bank of America in a research report on Tuesday, July 14th. Citigroup increased their price target on shares of Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Bank of America from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada boosted their price objective on shares of Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Evercore set a $63.00 price objective on shares of Bank of America and gave the stock an “outperform” rating in a report on Monday, July 6th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Bank of America currently has an average rating of “Moderate Buy” and an average target price of $64.08.

Bank of America News Summary

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

• Positive Sentiment: Bank of America is increasing investments in artificial-intelligence ventures after previously expressing skepticism about the sector. The strategy could support productivity gains, reduce servicing costs and create new infrastructure-related revenue opportunities over time. Bank of America Bankrolls AI Ventures After Initial Skepticism
• Positive Sentiment: Bank of America’s broader market outlook turned more constructive, with the firm raising its 2026 S&P 500 target to 7,400 and its 12-month target to 7,800. A stronger equity market could benefit BAC’s investment-banking, trading and wealth-management businesses. Bank of America hikes S&P 500 target after AI trade cracks
• Positive Sentiment: Despite a potentially steeper Federal Reserve hiking cycle, market commentary remains bullish on large banks. Higher rates can support net interest income, although the benefit depends on deposit costs and credit conditions. Bank Stocks Face Test as Hawkish Rate Hike Signals Steeper Hiking Cycle
• Neutral Sentiment: Bank of America’s September credit-investor survey found that many investors expect limited near-term AI regulation and little impact on AI capital spending. The results support continued AI investment but do not immediately change BAC’s earnings outlook. Investors Expect AI Growth to Continue, BofA Survey Shows
• Negative Sentiment: Investors are still digesting Chief Executive Brian Moynihan’s warning that third-quarter investment-banking fees could decline by more than 10% year over year. The guidance contributed to a sharp selloff the prior week and remains a near-term earnings concern. Bank of America Stock Fell After Its CEO Spoke at an Industry Conference
• Negative Sentiment: An analyst reduced the fiscal-2026 EPS estimate for BAC, adding pressure to expectations following the investment-banking guidance. FY2026 EPS Estimate for Bank of America Reduced by Analyst

Bank of America Stock Up 0.7%

Shares of NYSE BAC traded up $0.38 during trading on Monday, reaching $58.11. The company had a trading volume of 32,676,983 shares, compared to its average volume of 37,215,859. 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 cap of $406.35 billion, a PE ratio of 13.33, a P/E/G ratio of 0.92 and a beta of 1.15. The business’s 50-day moving average is $62.00 and its 200 day moving average is $55.85. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The firm had revenue of $31.56 billion during the quarter, compared to analyst estimates of $30.78 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. Bank of America’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, equities analysts forecast that Bank of America Corporation will post 4.67 earnings per share for the current fiscal year.

Bank of America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.32 dividend. This is a boost from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, September 4th. Bank of America’s payout ratio is currently 29.36%.

About Bank of America

Bank of America Corporation (NYSE:BAC) is a diversified financial services company serving individual consumers, businesses, institutional investors and governments. Its operations include consumer banking, credit and debit cards, mortgages, small-business banking, commercial banking, investment banking, securities trading and investment management.

The company provides consumer and wealth-management services through Bank of America and Merrill, including deposit accounts, lending, brokerage, retirement planning, financial advice and private banking.