Bank of America Corporation $BAC Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd trimmed its holdings in Bank of America Corporation (NYSE:BAC) by 13.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 437,055 shares of the financial services provider’s stock after selling 68,984 shares during the period. Bank of America makes up about 1.1% of Generate Investment Management Ltd’s holdings, making the stock its 28th largest holding. Generate Investment Management Ltd’s holdings in Bank of America were worth $22,548,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in shares of Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after buying an additional 25,143 shares during the period. 1248 Management LLC purchased a new stake in shares of Bank of America during the first quarter worth approximately $50,000. First Manhattan CO. LLC. increased its position in shares of Bank of America by 34.7% in the 1st quarter. First Manhattan CO. LLC. now owns 145,807 shares of the financial services provider’s stock valued at $6,085,000 after purchasing an additional 37,593 shares during the last quarter. Unisphere Establishment raised its stake in Bank of America by 1,642.5% in the first quarter. Unisphere Establishment now owns 4,195,000 shares of the financial services provider’s stock valued at $175,057,000 after buying an additional 3,954,250 shares in the last quarter. Finally, Paragon Private Wealth Management LLC acquired a new stake in shares of Bank of America during the 1st quarter worth about $245,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Key Bank of America News

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

• Positive Sentiment: Keefe Bruyette raised its price target on BAC to $64 and maintained an Outperform rating after meetings with management — a direct analyst upgrade that supports upside expectations. Bank of America (BAC) Estimates Refreshed After Keefe Bruyette Review
• Positive Sentiment: CEO Brian Moynihan publicly expects U.S. tariff pressure to cool in 2026, which would reduce trade‑related uncertainty for corporate clients and could support loan growth and market confidence for big banks. De-escalation, not escalation: Bank of America CEO sees tariff pressure cooling in 2026
• Positive Sentiment: MarketBeat highlights BAC as a finance stock positioned to “monetize either side of the rate cycle,” noting tech/AI investments and a diversified franchise — a reminder of structural strengths that underpin medium‑term earnings and dividend capacity. Will the Fed Cut or Pause? These Finance Stocks Can Win Either Way
• Neutral Sentiment: Zacks flags rising U.S. consumer credit stress as a sector headwind but lists BAC among three banks with liquidity and improving asset quality — a mixed signal: BAC looks relatively stable, but consumer credit trends remain a risk to loan performance. US Consumer Credit Stress Rises: 3 Bank Stocks to Watch for Stability
• Neutral Sentiment: Bank of America’s Aditya Bhave (economics) and broader TV segments (Fast Money, panel pieces on big banks) are discussing 2026 macro outlooks and the strong 2025 rebound in big banks — useful for sentiment but not single‑driver news; these segments can influence short‑term flows depending on the tone. Bank of America’s Aditya Bhave shares his 2026 economic outlook Fast Money traders talk the state of the Big Bank sector heading into 2026 Big Bank Stocks Come Roaring Back in 2025

Wall Street Analysts Forecast Growth

BAC has been the topic of several research analyst reports. Citigroup lifted 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 note on Thursday, October 16th. Erste Group Bank raised Bank of America from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Seaport Global Securities raised their price objective on shares of Bank of America from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Daiwa Capital Markets boosted their target price on shares of Bank of America from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, Argus upped their price target on Bank of America from $53.00 to $58.00 in a report on Friday, October 17th. Twenty-three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.59.

Bank of America Price Performance

Bank of America stock opened at $55.25 on Wednesday. The stock has a market capitalization of $403.45 billion, a P/E ratio of 15.05 and a beta of 1.30. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $56.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50-day moving average is $53.59 and its two-hundred day moving average is $50.45.

Bank of America (NYSE:BAC) last announced its earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $27.05 billion. During the same quarter last year, the business earned $0.81 earnings per share. Bank of America’s revenue was up 10.8% compared to the same quarter last year. Equities analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current 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 issued 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%.

Bank of America 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.