Rep. Laurel M. Lee Unloads Shares of Bank of America Corporation (NYSE:BAC)

Representative Laurel M. Lee (Republican-Florida) recently sold shares of Bank of America Corporation (NYSE:BAC). In a filing disclosed on July 19th, the Representative disclosed that they had sold between $1,001 and $15,000 in Bank of America stock on June 2nd.

Representative Laurel M. Lee also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Nokia (NYSE:NOK) on 6/2/2026.

Bank of America Price Performance

NYSE:BAC traded up $0.51 during trading hours on Tuesday, reaching $60.93. 5,577,119 shares of the company’s stock were exchanged, compared to its average volume of 38,574,262. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $432.39 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17. Bank of America Corporation has a 12 month low of $44.75 and a 12 month high of $62.12. The business’s 50-day simple moving average is $55.50 and its two-hundred day simple moving average is $53.17.

Bank of America (NYSE:BAC) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $30.78 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. Bank of America’s revenue for the quarter was up 19.6% compared to the same quarter last year. Sell-side analysts expect that Bank of America Corporation will post 4.64 EPS for the current fiscal year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, June 5th. Bank of America’s dividend payout ratio (DPR) is presently 25.69%.

Institutional Investors Weigh In On Bank of America

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Abound Financial LLC acquired a new stake in shares of Bank of America in the 4th quarter valued at $26,000. Wiser Advisor Group LLC bought a new position in shares of Bank of America in the 3rd quarter valued at approximately $27,000. Legacy Bridge LLC lifted its holdings in Bank of America by 182.3% in the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 330 shares during the last quarter. CrossGen Wealth LLC acquired a new stake in Bank of America in the 4th quarter worth approximately $30,000. Finally, Joseph Group Capital Management bought a new stake in Bank of America during the fourth quarter worth approximately $32,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America’s own research showed U.S. employee financial wellbeing at a four-year high, with 55% of workers saying they feel good or excellent financially. That suggests some easing in debt stress, which can be supportive for consumer credit quality and loan performance at BAC. Article Title
• Positive Sentiment: Bank of America highlighted the U.S. economy’s World Cup boost, estimating a roughly $20 billion impact. A stronger spending backdrop is generally constructive for BAC because it supports loan demand, fee activity, and broader economic momentum. Article Title
• Positive Sentiment: Multiple articles pointed to Bank of America analysts issuing bullish calls on other financial names, including Citizens Financial Group and regional banks. That reinforces confidence in the bank sector’s earnings power and net interest margin outlook, which can support BAC sentiment. Article Title
• Neutral Sentiment: Reports that banks are tapping fintech and embedded-finance partnerships for deposits are strategically important, but the impact on BAC is indirect for now. It signals an evolving competitive landscape rather than a clear immediate catalyst. Article Title
• Neutral Sentiment: Media coverage noted Bank of America’s promotions to lead AI and crypto initiatives. This is a long-term strategic positive, but it is unlikely to move BAC shares materially in the near term. Article Title
• Negative Sentiment: Some market commentary suggested BofA sees inflation as persistent and the Fed’s rate-cut path uncertain. That can pressure bank valuations if investors delay expectations for lower rates and easier funding conditions. Article Title

Insider Buying and Selling

In other news, insider Geoffrey S. Greener sold 126,756 shares of Bank of America stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total value of $6,719,335.56. Following the transaction, the insider owned 1,373,397 shares of the company’s stock, valued at $72,803,774.97. This trade represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BAC. Keefe, Bruyette & Woods lifted their target price on shares of Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Argus set a $70.00 price objective on shares of Bank of America in a research report on Wednesday, July 15th. Citigroup boosted their target price on shares of Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company raised their target price on Bank of America from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, UBS Group lifted their price target on Bank of America from $63.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.77.

About Representative Lee

Laurel Lee (Republican Party) is a member of the U.S. House, representing Florida’s 15th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

Lee (Republican Party) is running for re-election to the U.S. House to represent Florida’s 15th Congressional District. She declared candidacy for the 2026 election.

Laurel Lee earned undergraduate and law degrees from the University of Florida. Lee’s career experience includes working as an attorney with Carlton Fields, P.A., an assistant federal public defender and assistant U.S. attorney with the United States District Court for the Middle District of Florida, and a law clerk to James S. Moody on the United States District Court for the Middle District of Florida. Lee resigned on May 16, 2022.

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.