149,650 Shares in Bank of America Corporation $BAC Purchased by Longbow Finance SA

Longbow Finance SA acquired a new position in Bank of America Corporation (NYSE:BAC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 149,650 shares of the financial services provider’s stock, valued at approximately $7,720,000.

Several other large investors have also recently made changes to their positions in the business. Public Sector Pension Investment Board grew its stake in shares of Bank of America by 10.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,596,371 shares of the financial services provider’s stock worth $185,537,000 after buying an additional 345,855 shares during the last quarter. Varma Mutual Pension Insurance Co raised its stake in Bank of America by 21.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 1,208,924 shares of the financial services provider’s stock valued at $62,368,000 after buying an additional 215,600 shares during the last quarter. Leuthold Group LLC boosted its holdings in Bank of America by 3.5% in the third quarter. Leuthold Group LLC now owns 161,751 shares of the financial services provider’s stock worth $8,345,000 after acquiring an additional 5,483 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its holdings in shares of Bank of America by 15.4% during the third quarter. Onyx Bridge Wealth Group LLC now owns 11,817 shares of the financial services provider’s stock valued at $610,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Willis Johnson & Associates Inc. increased its holdings in shares of Bank of America by 5.8% during the third quarter. Willis Johnson & Associates Inc. now owns 22,476 shares of the financial services provider’s stock valued at $1,160,000 after acquiring an additional 1,242 shares in the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of America Trading Down 2.5%

Shares of BAC stock opened at $52.51 on Friday. The stock has a market capitalization of $383.42 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.32 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $54.46 and its 200 day moving average is $51.98. 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 released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $4.53 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%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. 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 firm also recently declared 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. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America’s dividend payout ratio is presently 29.24%.

Key Stories Impacting Bank of America

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

• Positive Sentiment: BofA Community Development Banking originated $7.4 billion in debt and equity financing in 2025, supporting 11,000+ affordable housing units and continuing a multi‑year program that improves loan diversification and ESG credentials. BofA Community Development Banking Delivers $7.4 Billion
• Positive Sentiment: Industry commentary at the BofA Securities conference emphasized regulatory risks around a proposed credit-card rate cap — speakers from Citi argued caps would reduce access to credit, an outcome investors view as negative for consumers but potentially supportive of bank margins if caps are avoided. Citi Executive Warns Rate Cap Would Kill Credit
• Neutral Sentiment: BofA research flagged a material oil-market surplus that could pressure energy-linked assets and feed into macro inflation/earnings expectations — relevant for portfolio positioning but indirect for BAC’s core banking earnings. Oil Market Faces 2 Million Barrel-per-Day Surplus
• Neutral Sentiment: Bank of America promoted internal talent and advisor diversity narratives (women advisors, Italian leadership updates) — positive PR that supports long‑term client retention but unlikely to move near‑term stock substantially. Bank Of America Highlights Women Advisors
• Negative Sentiment: Internal BofA data and commentary raised concerns that the middle class is now feeling strain from the K‑shaped economy, amplifying fears about consumer spending, credit quality, and future loan losses. Bank of America’s internal data show the middle class is now feeling the pain
• Negative Sentiment: Recent coverage highlights shifts in analyst narratives and valuation questions—pieces asking whether it’s “too late” to buy BAC and notes on analyst view changes likely pressured sentiment and added to selling. Looking At The Narrative For Bank Of America
• Negative Sentiment: CEO comments and warnings about concentrated tech-stock risks (Magnificent Seven) contributed to a risk‑off tone that can weigh on bank stock multiples if investors rotate out of cyclical/financial exposure. Bank of America CEO drops surprising view on the economy

Analyst Upgrades and Downgrades

Several brokerages recently commented on BAC. JPMorgan Chase & Co. increased their price objective on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Ameriprise Financial upgraded shares of Bank of America to a “buy” rating in a research note on Wednesday, October 22nd. Citigroup boosted their price objective 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. Daiwa Securities Group lowered their price objective on Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Finally, CICC Research started coverage on Bank of America in a report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 target price for the company. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.30.

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.