Bank of America Corporation $BAC Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in Bank of America Corporation (NYSE:BAC) by 2.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,834,041 shares of the financial services provider’s stock after selling 69,537 shares during the quarter. Bank of America makes up about 0.6% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Nisa Investment Advisors LLC’s holdings in Bank of America were worth $146,208,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BAC. Nova Wealth Management Inc. boosted its stake in Bank of America by 75.2% during the 2nd quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 227 shares during the period. Quaker Wealth Management LLC increased its stake in shares of Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 880 shares during the period. RMG Wealth Management LLC bought a new stake in shares of Bank of America during the second quarter valued at approximately $28,000. Steph & Co. boosted its position in shares of Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after buying an additional 379 shares during the period. Finally, CGC Financial Services LLC boosted its position in shares of Bank of America by 585.4% during the second quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock worth $29,000 after buying an additional 521 shares during the period. Institutional investors own 70.71% of the company’s stock.

Bank of America Price Performance

NYSE:BAC opened at $56.15 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.12. The business’s 50-day moving average price is $54.09 and its 200 day moving average price is $50.91. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. The firm has a market cap of $410.06 billion, a P/E ratio of 15.30 and a beta of 1.29.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $27.05 billion. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. Bank of America’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 EPS. As a group, sell-side analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were given a $0.28 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.12 annualized dividend and a yield of 2.0%. Bank of America’s payout ratio is 30.52%.

Wall Street Analyst Weigh In

Several research firms recently commented on BAC. Seaport Global Securities raised their target price on Bank of America from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 6th. The Goldman Sachs Group raised their price target on Bank of America from $58.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer upped their price objective on shares of Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Daiwa Capital Markets raised their target price on shares of Bank of America from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Finally, Truist Financial boosted their price target on shares of Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bank of America has an average rating of “Moderate Buy” and a consensus price target of $59.82.

Bank of America News Roundup

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

• Positive Sentiment: TD Cowen raised its price target on BAC to $66 and reiterated a Buy, signaling analyst confidence and ~17.5% upside from the recent price, which can support buying interest. TD Cowen Boosts BAC Price Target
• Positive Sentiment: HSBC Global Research upgraded Bank of America from Hold to Strong-Buy, another bullish analyst action that may buoy sentiment and offset some negative headlines. HSBC Upgrade Note
• Neutral Sentiment: Bank of America confirmed it will report Q4 2025 results and host an investor call on Jan. 14 — an upcoming catalyst that could amplify moves depending on earnings, guidance, and commentary on regulatory or capital issues. Q4 Results & Call
• Neutral Sentiment: Bank of America updated its accounting for tax equity investments and is pushing into fixed-income and digital-asset initiatives — strategic moves that investors will watch for earnings and capital effects, but the immediate impact is uncertain. Accounting Update
• Negative Sentiment: India’s markets regulator found that a Bank of America unit shared confidential information ahead of a $180M block trade and alleges misleading responses during the probe; BofA is reportedly seeking to settle without admitting guilt. This raises regulatory, legal and reputational risk that can pressure the stock. India Regulator Finds BofA Shared Confidential Info
• Negative Sentiment: Wolfe Research downgraded Bank of America, adding to negative analyst action that can amplify selling pressure when paired with regulatory headlines. Wolfe Research Downgrade

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.