Mission Wealth Management LP Raises Position in Bank of America Corporation $BAC

Mission Wealth Management LP boosted its holdings in Bank of America Corporation (NYSE:BAC) by 54.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,562 shares of the financial services provider’s stock after purchasing an additional 65,710 shares during the period. Mission Wealth Management LP’s holdings in Bank of America were worth $10,630,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Abound Financial LLC bought a new stake in shares of Bank of America in the 4th quarter valued at about $26,000. Wiser Advisor Group LLC bought a new position in Bank of America during the 3rd quarter worth approximately $27,000. CrossGen Wealth LLC purchased a new position in Bank of America in the 4th quarter worth approximately $30,000. Joseph Group Capital Management bought a new stake in Bank of America in the fourth quarter valued at approximately $32,000. Finally, HFM Investment Advisors LLC lifted its position in Bank of America by 566.0% in the fourth quarter. HFM Investment Advisors LLC now owns 626 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 532 shares during the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of America Stock Up 1.3%

Shares of NYSE BAC opened at $64.82 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $64.95. The firm has a market capitalization of $453.27 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17. The firm has a fifty day simple moving average of $59.36 and a two-hundred day simple moving average of $54.14.

Bank of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.32 per share. This is an increase from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 4th. 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: India expansion: Bank of America agreed to invest up to approximately $1.9 billion for as much as a 49.9% stake in Jio Credit, a non-bank lending subsidiary of Jio Financial Services. The partnership gives BAC access to India’s growing digital-credit market while providing Jio Credit with additional capital and global banking expertise. Reuters article
• Positive Sentiment: $250 billion infrastructure initiative: BAC plans to mobilize and deploy $250 billion through July 2027 for digital, energy, power and core infrastructure projects, including data centers, semiconductors, transportation and power generation. The program could expand lending, investment-banking and advisory revenue, while positioning the bank to benefit from rising AI and energy-infrastructure spending. Bank of America press release
• Positive Sentiment: Cybersecurity investment: BAC plans to acquire MDSec and add 65 specialists, strengthening protection for its digital-banking operations as artificial intelligence increases cyber risks. The move may improve operational resilience, although near-term financial benefits are likely limited. Yahoo Finance article
• Neutral Sentiment: Analyst outlook: Erste Group modestly raised its 2026 EPS estimate to $4.65 and projected $5.25 for 2027, supporting the broader constructive view of BAC’s earnings trajectory. The 2026 estimate remains slightly below consensus.
• Neutral Sentiment: Execution and credit risk: BAC is tightening lending standards for data-center projects because of permitting delays, community opposition and environmental concerns. This could reduce risk, but may also limit the pace of lending growth tied to the AI buildout. Yahoo Finance article

Analysts Set New Price Targets

Several research analysts have recently issued reports on BAC shares. Royal Bank Of Canada raised their target price on shares of Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Daiwa Securities Group increased their price target on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Keefe, Bruyette & Woods boosted their price objective 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. Evercore set a $63.00 target price on shares of Bank of America and gave the stock an “outperform” rating in a report on Monday, July 6th. Finally, Barclays boosted their price target on Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Twenty-one investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.08.

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.