Bank of America Corporation $BAC is Bessemer Group Inc.’s 10th Largest Position

Bessemer Group Inc. lessened its holdings in Bank of America Corporation (NYSE:BAC) by 0.6% during the third quarter, Holdings Channel.com reports. The firm owned 15,094,495 shares of the financial services provider’s stock after selling 87,623 shares during the quarter. Bank of America accounts for 1.2% of Bessemer Group Inc.’s investment portfolio, making the stock its 10th largest holding. Bessemer Group Inc.’s holdings in Bank of America were worth $778,725,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BAC. Geode Capital Management LLC grew its position in Bank of America by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 148,176,755 shares of the financial services provider’s stock worth $6,982,863,000 after acquiring an additional 403,652 shares during the last quarter. Norges Bank purchased a new stake in shares of Bank of America during the second quarter valued at approximately $5,091,641,000. Fisher Asset Management LLC grew its holdings in shares of Bank of America by 5.2% in the second quarter. Fisher Asset Management LLC now owns 51,405,673 shares of the financial services provider’s stock worth $2,432,516,000 after purchasing an additional 2,557,943 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 purchasing an additional 9,782,208 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of 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 buying an additional 875,514 shares during the period. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Key Bank of America News

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

• Positive Sentiment: Board declared a regular quarterly cash dividend of $0.28/share (payable March 27; record/ex‑dividend dates in March). A steady dividend and clear payout schedule attract income-focused investors and can support the share price. Bank of America Declares First Quarter 2026 Stock Dividends
• Neutral Sentiment: Bank of America’s Credit Investor Survey flagged AI/tech valuation risk (30% see an AI-stock correction as the likeliest credit catalyst), implying potential sector rotation that could funnel money into financials — a tailwind for banks if it continues. Analysts Love These 3 Stocks Trading Near 52-Week Lows—Here’s Why
• Neutral Sentiment: A Bank of America analyst argued that the recent indiscriminate chip/software selloff over Nvidia is overdone — commentary that may reduce tech-contagion fears but has an uncertain near-term impact on BAC shares. Nvidia’s stock gets swept up in software selloff, but this analyst says that makes no sense
• Neutral Sentiment: BofA raised its near‑term India rupee forecast after a U.S.–India trade deal — a sign of active macro/FX research from the bank but only an indirect influence on BAC equity. BofA lifts near‑term rupee forecast by 2% to 88.60–89 after US trade deal
• Negative Sentiment: BofA’s Chief Investment Strategist Michael Hartnett warned of a possible “sell signal” for global stocks — a cautious market tone that can pressure bank stocks if risk‑off flows intensify. BoA Strategist Just Warned of Sell Signal in Stocks
• Negative Sentiment: Analysts trimmed BAC price targets and flagged adjusted provisioning and a pause in buybacks — direct analyst downgrades/target cuts put downward pressure on the stock and explain some intraday volatility. Analysts Cut Bank of America (BAC) Price Targets Amid Adjusted Provisions and Buyback Pause

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wolfe Research cut shares of Bank of America from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Dbs Bank raised Bank of America to a “moderate buy” rating in a research report on Wednesday, October 22nd. Citigroup increased their price objective on Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Robert W. Baird boosted their target price on Bank of America from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, HSBC raised Bank of America from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Bank of America Trading Up 1.7%

NYSE BAC opened at $55.38 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55. The firm has a market capitalization of $404.41 billion, a PE ratio of 14.46, a P/E/G ratio of 1.33 and a beta of 1.29. The stock’s 50 day moving average is $54.29 and its 200 day moving average is $51.72.

Bank of America (NYSE:BAC) last posted its quarterly earnings data 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 business had revenue of $4.53 billion during 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 firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 earnings per share. Research analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors 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 yield of 2.0%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is 29.24%.

Bank of America Profile

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.