Massachusetts Financial Services Co. MA Lowers Holdings in Bank of America Corporation $BAC

Massachusetts Financial Services Co. MA decreased its holdings in shares of Bank of America Corporation (NYSE:BAC) by 11.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,456,503 shares of the financial services provider’s stock after selling 1,439,235 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Bank of America were worth $591,041,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BAC. Geode Capital Management LLC increased its position in shares of Bank of America by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 148,176,755 shares of the financial services provider’s stock worth $6,982,863,000 after purchasing an additional 403,652 shares during the last quarter. Norges Bank purchased a new position in Bank of America during the second quarter worth about $5,091,641,000. Fisher Asset Management LLC increased its position in shares of Bank of America by 5.2% during the second quarter. Fisher Asset Management LLC now owns 51,405,673 shares of the financial services provider’s stock valued at $2,432,516,000 after acquiring an additional 2,557,943 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Bank of America by 124.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after acquiring an additional 9,782,208 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Bank of America by 5.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,438,466 shares of the financial services provider’s stock valued at $899,650,000 after acquiring an additional 875,514 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: Q4 results showed broad strength — beats on EPS and revenue driven by net interest income (NII) and Global Markets; management reiterated NII growth for 2026, underpinning earnings momentum. Bank Of America: Buy The Pullback On NII Strength
• Positive Sentiment: Several Wall Street firms raised or reaffirmed targets/ratings after the quarter (Goldman Sachs and Argus among them), reflecting analyst confidence in BAC’s earnings power and valuation upside. Goldman Raises Target on BAC Argus Raises Target on BAC
• Positive Sentiment: Independent research and brokerages remain broadly bullish — Evercore ISI and others have kept Outperform/Buy stances and price targets above current levels, which supports medium?term upside expectations. Evercore ISI Remains Bullish on BAC (InsiderMonkey)
• Neutral Sentiment: Board declared regular preferred?stock dividend payments for multiple series (routine cash distributions for preferred/depositary shareholders); this affects preferred holders more than common equity. Bank of America Declares Preferred Stock Dividends (PR Newswire)
• Neutral Sentiment: BofA’s research desk published sector calls (e.g., 3 metals names to watch), which highlights the bank’s franchise strength in research but has limited direct impact on BAC’s stock performance. 3 Metals Stocks Bank of America Is Bullish on for 2026
• Negative Sentiment: CEO warnings about interest?bearing stablecoins potentially pulling up to $6T from bank deposits raise medium?term funding and lending risks — a structural threat that could increase funding costs and reduce loanable deposits if regulation permits yield?paying crypto products. Bank of America CEO warns stablecoins could pull $6T (Cointelegraph)
• Negative Sentiment: Political/regulatory headlines — proposals to cap credit?card interest rates (reported in recent coverage) have pressured bank sector multiples and prompted short?term selloffs despite solid fundamentals. This macro/policy overhang is a key reason some investors sold into the earnings news. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem? (MarketBeat)

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BAC shares. HSBC raised shares of Bank of America from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, January 7th. Hsbc Global Res upgraded Bank of America from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group lifted their price objective on Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday. Argus increased their target price on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Oppenheimer raised their target price on Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and an average target price of $59.74.

Bank of America Stock Up 0.8%

Shares of NYSE BAC opened at $53.02 on Monday. The stock has a market cap of $387.18 billion, a P/E ratio of 13.84 and a beta of 1.29. The business’s fifty day simple moving average is $54.17 and its 200-day simple moving average is $51.24. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $28.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.Bank of America’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 EPS. As a group, equities analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.12 annualized dividend and a yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is 29.24%.

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.