Bank of America (NYSE:BAC) Shares Down 1.1% – Here’s Why

Bank of America Corporation (NYSE:BAC) fell 1.1% during trading on Thursday . The company traded as low as $51.83 and last traded at $52.7540. 46,808,865 shares changed hands during trading, an increase of 16% from the average session volume of 40,198,391 shares. The stock had previously closed at $53.36.

More Bank of America News

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

• Positive Sentiment: BofA is rolling out a much wider BofA Rewards no‑fee loyalty program that will qualify 30M+ checking clients, aimed at boosting deposits, card spending and wealth cross‑sell — a clear long‑term customer‑acquisition and revenue play. New BofA Rewards Program
• Positive Sentiment: Management is expanding client offerings for higher‑net‑worth customers (art consulting via Private Bank/Merrill), which can deepen wealth relationships and fee income. This supports diversified revenue outside traditional lending. Art Consulting Service
• Positive Sentiment: An internal memo shows BofA committing $25 billion to private‑credit deals — a strategic push into higher‑margin lending/credit markets that could boost fee and lending income, though it increases exposure to private‑credit risk. BofA commits $25 billion to private credit
• Neutral Sentiment: Analyst and media mentions (Zacks, TipRanks pieces, and coverage of BofA analysts’ ratings on third parties) keep the name in focus but are indirect — useful for sentiment/flow but not immediate fundamentals. Zacks: Investors Heavily Search BAC
• Neutral Sentiment: Coverage noting BofA analysts’ bullish take on other names (e.g., Carvana) signals active research desks but has limited direct effect on BAC’s near‑term earnings. Carvana sinks after Q4 earnings
• Neutral Sentiment: Article ideas (Benzinga piece) that BofA flagged certain retailers as beneficiaries of potential tax changes are peripheral to BAC itself and unlikely to move the bank’s fundamentals. 3 Retail Stocks That May Gain From Trump’s 2026 Tax Refunds
• Negative Sentiment: Investor sentiment may be hurt by owner/large holder activity: recent reporting shows Berkshire Hathaway pared its BofA stake, which can be perceived as reduced endorsement from a major long‑term holder. Berkshire pares stakes in Apple and BofA
• Negative Sentiment: Related headlines (media suggesting large Buffett sales of BAC shares) amplify concerns about insider/owner selling pressure even if they reflect portfolio rebalancing rather than company fundamentals. Warren Buffett sold 29% of Bank of America

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BAC. Robert W. Baird raised their target price on shares of Bank of America from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. The Goldman Sachs Group lifted their price objective on Bank of America from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, January 27th. Morgan Stanley decreased their price target on Bank of America from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Finally, Daiwa Securities Group dropped their price objective on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Twenty-two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Stock Down 1.1%

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 $385.24 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. The firm’s 50-day moving average price is $54.37 and its 200-day moving average price is $52.17.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the prior year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s payout ratio is presently 29.24%.

Institutional Investors Weigh In On Bank of America

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its holdings in Bank of America by 29.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 40,247 shares of the financial services provider’s stock worth $2,214,000 after buying an additional 9,178 shares in the last quarter. WealthPoint Financial LLC purchased a new stake in shares of Bank of America during the fourth quarter worth about $391,000. Van Diest Capital LLC acquired a new position in shares of Bank of America in the fourth quarter worth about $241,000. Compound Planning Inc. lifted its stake in shares of Bank of America by 12.3% in the fourth quarter. Compound Planning Inc. now owns 176,261 shares of the financial services provider’s stock worth $9,694,000 after acquiring an additional 19,312 shares in the last quarter. Finally, Claris Financial LLC purchased a new position in Bank of America in the fourth quarter valued at about $249,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

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.