Strs Ohio Sells 122,694 Shares of Bank of America Corporation $BAC

Strs Ohio lowered its position in shares of Bank of America Corporation (NYSE:BAC) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,063,987 shares of the financial services provider’s stock after selling 122,694 shares during the period. Strs Ohio’s holdings in Bank of America were worth $106,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BAC. Quaker Wealth Management LLC lifted its holdings in shares of Bank of America by 246.5% during the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after buying an additional 880 shares in the last quarter. Steph & Co. increased its position in 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 acquiring an additional 379 shares during the period. RMG Wealth Management LLC acquired a new stake in Bank of America in the 2nd quarter worth about $28,000. Marquette Asset Management LLC bought a new stake in Bank of America in the 3rd quarter valued at about $30,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Bank of America in the 3rd quarter valued at about $31,000. 70.71% of the stock is currently owned by institutional investors.

Bank of America News Summary

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

• Positive Sentiment: Q4 fundamentals and last year’s performance remain a tailwind: analysts point to strong revenue growth and improving profitability that powered BAC’s rally into 2025. Article Title
• Positive Sentiment: Major brokerage support: Morgan Stanley remains bullish on BAC after strong Q4 results, which can underpin investor confidence and buying. Article Title
• Positive Sentiment: Macro/earnings backdrop is supportive: multiple industry notes (Zacks) show Q4 earnings estimates are being revised higher, a favorable environment for large banks including BAC. Article Title
• Neutral Sentiment: BofA research is active in tech and energy ideas (e.g., highlighting small-cap chip names tied to AI), showing the firm’s revenue/analyst franchise but with limited direct impact on BAC stock moves. Article Title
• Neutral Sentiment: Analyst activity from BofA Securities (e.g., upgrading Oklo and sector calls on semiconductors) signals the bank’s influential equity research but affects BAC indirectly. Article Title Article Title
• Negative Sentiment: Regulatory risk: CEO Brian Moynihan warned a proposed 10% credit-card rate cap would curb spending and tighten credit availability — any move toward strict caps could pressure card revenue. Article Title
• Negative Sentiment: Political/PR friction: reports that BofA (and peers) may consider 10% card offers to appease political pressure, and Moynihan’s exclusion from a Trump Davos reception, introduce headline risk and potential policy-driven business changes. Article Title Article Title
• Negative Sentiment: Short-term sentiment swings: options commentary mentions “Greenland-related fears” and other narrative-driven worries that can amplify stock volatility even if fundamentals remain intact. Article Title

Bank of America Stock Up 0.7%

NYSE:BAC opened at $52.42 on Friday. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $382.80 billion, a PE ratio of 13.69, a P/E/G ratio of 1.27 and a beta of 1.29. The firm’s 50 day simple moving average is $54.08 and its 200 day simple moving average is $51.31.

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

Analyst Upgrades and Downgrades

BAC has been the subject of several recent research reports. Dbs Bank upgraded Bank of America to a “moderate buy” rating in a research note on Wednesday, October 22nd. Oppenheimer increased their target price on Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Royal Bank Of Canada raised their price target on Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. UBS Group upped their price objective on shares of Bank of America from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Finally, Citigroup upped their price target on shares of Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.74.

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.