Concurrent Investment Advisors LLC Purchases 26,503 Shares of Bank of America Corporation $BAC

Concurrent Investment Advisors LLC raised its position in shares of Bank of America Corporation (NYSE:BAC) by 7.6% during the 3rd quarter, Holdings Channel reports. The fund owned 376,374 shares of the financial services provider’s stock after purchasing an additional 26,503 shares during the period. Concurrent Investment Advisors LLC’s holdings in Bank of America were worth $19,417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC lifted its position in Bank of America by 0.3% during the second quarter. Geode Capital Management LLC now owns 148,176,755 shares of the financial services provider’s stock valued at $6,982,863,000 after purchasing an additional 403,652 shares during the last quarter. Norges Bank purchased a new stake in shares of Bank of America during the 2nd quarter valued at about $5,091,641,000. Fisher Asset Management LLC lifted its holdings in shares of Bank of America by 5.2% in the 2nd 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 grew its position in Bank of America by 124.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock worth $833,771,000 after acquiring an additional 9,782,208 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Bank of America by 5.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,438,466 shares of the financial services provider’s stock worth $899,650,000 after acquiring an additional 875,514 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Stock Down 1.2%

Shares of BAC opened at $55.16 on Tuesday. The firm has a fifty day moving average price of $54.17 and a 200-day moving average price of $51.09. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $402.82 billion, a P/E ratio of 15.03 and a beta of 1.29. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate 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 company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $27.05 billion. During the same quarter last year, the firm posted $0.81 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. Equities research analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

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

Bank of America News Summary

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

• Positive Sentiment: Large drop in short interest — Short interest fell ~21.2% to 90.6M shares as of Dec. 31 (about 1.2% of float), lowering the short-interest ratio to ~2.7 days. Fewer shorts can reduce downward pressure and is a bullish technical signal for BAC.
• Positive Sentiment: Bank of America research flags big AI-driven bond opportunity — BofA says AI-related bond issuance could reach ~$300B/year, suggesting upside for its institutional sales & trading and investment-banking fees. AI Bond Sales Could Hit $300 Billion a Year, Bank of America Says
• Positive Sentiment: BofA views AI as a multi-year valuation driver — Firm commentary on AI infrastructure and frontier models underscores BofA’s role advising clients and positions its research franchise as a commercial advantage. 10 AI Stocks Investors Are Watching Closely
• Positive Sentiment: Bullish public commentary — Jim Cramer called BAC’s valuation an “insult” to its CEO, signaling retail/TV-driven positivity that can lift short-term flows. Bank of America (BAC)’s Multiple is An Insult to Its CEO, Says Jim Cramer
• Neutral Sentiment: Analyst previews and forecasts ahead of Q4 — Wall Street previews show expectations for solid trading, stable net interest income and improved IB fees; a handful of forecast tweaks are circulating ahead of earnings, which will be the next catalyst. Bank of America Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: Sector-wide constructive backdrop — Analysts note banks enter earnings season on firmer footing (loan growth, capital markets momentum), which supports the group but leaves BAC exposed to macro/regulatory shocks. Can Bank Stocks Sustain Recent Momentum?
• Negative Sentiment: Policy risk — President Trump proposed a 10% cap on credit-card interest rates, triggering sector sell-offs as investors price in revenue and margin risk for card portfolios and potential tighter lending economics. Big Bank Stocks Tumbled After Trump Said This
• Negative Sentiment: Banks push back on the cap — Financial institutions, including large U.S. banks, warned the proposed cap would restrict access to credit for households and small businesses, but the political risk alone is pressuring BAC and peers. Banks warn consumers will be hurt by Trump’s 10% cap on credit card interest rates

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BAC shares. Piper Sandler upped their price objective on Bank of America from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Wolfe Research downgraded Bank of America from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada boosted their price objective on shares of Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Argus raised their target price on shares of Bank of America from $53.00 to $58.00 in a report on Friday, October 17th. Finally, Morgan Stanley dropped their price target on shares of Bank of America from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.82.

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.