Bank of America Corporation $BAC Holdings Decreased by Welch & Forbes LLC

Welch & Forbes LLC lowered its stake in Bank of America Corporation (NYSE:BAC) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 932,604 shares of the financial services provider’s stock after selling 24,703 shares during the quarter. Welch & Forbes LLC’s holdings in Bank of America were worth $50,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BAC. Turim 21 Investimentos Ltda. bought a new stake in shares of Bank of America during the 2nd quarter worth about $25,000. Cherry Tree Wealth Management LLC boosted its holdings in shares of Bank of America by 167.6% in the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 300 shares in the last quarter. Principia Wealth Advisory LLC increased its stake in shares of Bank of America by 69.9% during the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 218 shares during the period. Balance Wealth Partners LLC acquired a new position in shares of Bank of America during the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Bank of America during the second quarter valued at approximately $34,000. Institutional investors own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

BAC has been the topic of several recent analyst reports. Jefferies Financial Group dropped their target price on Bank of America from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research note on Monday, October 19th. TD Cowen lowered their price target on Bank of America from $60.00 to $56.00 and set a “hold” rating on the stock in a research report on Thursday, October 15th. Morgan Stanley dropped their price objective on Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Finally, UBS Group cut their price objective on Bank of America from $67.00 to $62.00 and set a “buy” rating for the company in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of America has an average rating of “Moderate Buy” and an average target price of $62.48.

Bank of America Stock Performance

Shares of BAC opened at $50.57 on Tuesday. The firm’s 50 day moving average is $55.01 and its 200-day moving average is $54.88. The stock has a market capitalization of $348.95 billion, a P/E ratio of 12.01, a P/E/G ratio of 0.91 and a beta of 1.19. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. Bank of America Corporation has a 12-month low of $46.12 and a 12-month high of $65.22.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The business had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that Bank of America Corporation will post 4.51 EPS for the current fiscal year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.5%. Bank of America’s dividend payout ratio is currently 30.40%.

Bank of America News Roundup

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

• Neutral Sentiment: Bank of America’s inflation forecast—monthly headline and core CPI increases of about 0.2%—could reinforce expectations of a December Federal Reserve rate hike. The effect on BAC is uncertain, as higher rates can support lending revenue but may also weigh on borrowers and funding costs. October inflation outlook
• Neutral Sentiment: A filing may indicate Berkshire Hathaway sold more BAC shares in the third quarter, but the report describes this as a possibility, not a confirmed sale. If verified, selling could add pressure to the stock. Berkshire Hathaway holdings report
• Negative Sentiment: Several law firms publicized a securities class action against Bank of America for investors who bought shares from August 1, 2025, through October 13, 2026. The suit alleges securities-law violations; December 15, 2026, is the deadline to seek a lead-plaintiff role. The allegations are not proven, but the case adds potential legal costs and uncertainty. Kaplan Fox class action notice
• Negative Sentiment: Separate coverage says Senator Elizabeth Warren is urging a DOJ criminal probe related to the bank’s anti-money-laundering and sanctions-law violations. Further investigation could increase regulatory, legal, and reputational risks. Report on regulatory scrutiny

Bank of America Profile

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services.

The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.

Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.