Bank of America (NYSE:BAC) Trading Down 1.7% – Time to Sell?

Bank of America Corporation (NYSE:BAC)’s share price dropped 1.7% during trading on Tuesday . The stock traded as low as $51.96 and last traded at $52.0870. Approximately 48,735,344 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 44,232,934 shares. The stock had previously closed at $52.97.

Key Bank of America News

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

• Positive Sentiment: Management is upbeat on the macro outlook — BofA projects stronger 2026 growth (2.8% GDP) and sees resilient consumer spending, which supports loan growth and fee income expectations. Bank of America CEO sees stronger 2026 economy
• Positive Sentiment: BofA will award $1B in stock to non‑executive employees via its Sharing Success Program — positive for retention and signals confidence in cash flow, though investors may watch issuance impact. BofA Awards $1 Billion in Stock
• Positive Sentiment: Street sentiment has pockets of bullishness — commentators like Jim Cramer and some analysts argue BAC benefits from higher rates and have nudged price targets higher, supporting upside case for net interest income. Bank of America Needs Higher Rates, Says Jim Cramer
• Neutral Sentiment: Sector pieces are highlighting banks as potential dividend/income plays in 2026, which may attract longer-term income investors but not necessarily trigger immediate buying. Why Bank Stocks Could Surprise Investors in 2026
• Neutral Sentiment: Context pieces (e.g., retrospective performance and BofA’s “10 market surprises” outlook) provide helpful background for investors but are unlikely to move price materially on their own. $1000 Invested In Bank of America 10 Years Ago Bank of America Flags 10 Market Surprises
• Negative Sentiment: Analyses noting recent choppy share performance and valuation concerns may be prompting profit‑taking — investors may be reassessing how much upside is priced in after the recent run. Assessing Bank of America Valuation

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI set a $59.00 price target on Bank of America in a research report on Thursday, January 15th. UBS Group increased their price objective on Bank of America from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Ameriprise Financial raised shares of Bank of America to a “buy” rating in a research note on Wednesday, October 22nd. Barclays raised their price target on shares of Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.74.

Bank of America Stock Down 1.7%

The firm has a market capitalization of $380.37 billion, a PE ratio of 13.60 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 has a 50-day moving average of $54.16 and a two-hundred day moving average of $51.27.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping 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 company had revenue of $28.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, December 5th. Bank of America’s payout ratio is currently 29.24%.

Institutional Trading of Bank of America

A number of institutional investors have recently added to or reduced their stakes in BAC. Geode Capital Management LLC raised its stake 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 buying an additional 403,652 shares in the last quarter. Capital World Investors lifted its stake in Bank of America by 11.0% during the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after purchasing an additional 14,275,810 shares during the last quarter. Norges Bank acquired a new position in Bank of America in the second quarter worth $5,091,641,000. Fisher Asset Management LLC grew its position in shares of Bank of America by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider’s stock valued at $2,717,657,000 after buying an additional 1,272,315 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Bank of America by 640.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock worth $2,399,798,000 after purchasing an additional 40,235,201 shares during the period. 70.71% of the stock is owned by hedge funds and other institutional investors.

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.