Nisa Investment Advisors LLC Increases Stock Position in Bank of America Corporation $BAC

Nisa Investment Advisors LLC raised its stake in shares of Bank of America Corporation (NYSE:BAC) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,905,348 shares of the financial services provider’s stock after acquiring an additional 71,307 shares during the period. Bank of America makes up 2.3% of Nisa Investment Advisors LLC’s holdings, making the stock its 12th biggest holding. Nisa Investment Advisors LLC’s holdings in Bank of America were worth $159,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Bank of America by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 270,168 shares of the financial services provider’s stock worth $14,859,000 after acquiring an additional 5,796 shares during the last quarter. Brady Martz Wealth Solutions LLC increased its holdings in Bank of America by 2.0% in the 4th quarter. Brady Martz Wealth Solutions LLC now owns 26,688 shares of the financial services provider’s stock valued at $1,468,000 after purchasing an additional 531 shares during the last quarter. Parkwoods Wealth Partners LLC increased its holdings in Bank of America by 6.6% in the 4th quarter. Parkwoods Wealth Partners LLC now owns 4,351 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 269 shares during the last quarter. Hofer & Associates. Inc raised its position in Bank of America by 4.3% in the fourth quarter. Hofer & Associates. Inc now owns 4,975 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 207 shares during the period. Finally, Royal Fund Management LLC lifted its stake in Bank of America by 195.1% during the fourth quarter. Royal Fund Management LLC now owns 9,401 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 6,215 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BAC has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. TD Cowen decreased their target price on Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. The Goldman Sachs Group lowered their target price on Bank of America from $67.00 to $57.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Daiwa Securities Group dropped their target price on Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Finally, Wall Street Zen upgraded shares of Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of America currently has an average rating of “Moderate Buy” and a consensus price target of $59.67.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Jefferies highlights a multi-year net interest income tailwind — Jefferies projects Bac’s net interest income to grow about 5–7% over the next five years as loan and fixed-asset repricing benefits margins, supporting medium‑term earnings and valuation prospects. Jefferies Touts Bank of America Corporation (BAC) Interest Income Outlook
• Positive Sentiment: New Royal Caribbean co‑brand cards expand consumer franchise — Bank of America will issue Royal ONE and Royal ONE Plus Visa cards, a tri‑branded product across Royal Caribbean’s brands. That should boost card originations, transaction volumes and co‑brand economics (interchange, interest, travel perks) over time. ROYAL CARIBBEAN GROUP ENHANCES TRAVEL LOYALTY, PARTNERS WITH BANK OF AMERICA TO LAUNCH ROYAL ONE™ AND ROYAL ONE PLUS™ CREDIT CARDS
• Positive Sentiment: Analyst support from Jefferies and others lifts sentiment — Jefferies has reiterated BofA as a top bank pick for 2026, reinforcing investor confidence in its rate‑sensitive business model and capital returns. Such analyst backing often drives short‑term inflows. JPMorgan or Bank of America: Jefferies Names the Top Banking Stock to Buy for 2026
• Neutral Sentiment: Price‑target adjustments and broader research activity — Oppenheimer trimmed its BAC price target (still above current levels), and BofA research continues to publish sector calls (Micron, AI names). These are mixed signals: they affect sentiment but not BAC’s fundamentals directly. Oppenheimer Cuts Bank of America (NYSE:BAC) Price Target to $58.00
• Neutral Sentiment: Internal market commentary signals caution for risk assets — A Bank of America technical report warned Q2 could be challenging for equities and bonds; this can temper trading revenue expectations but is a market‑level outlook rather than a bank‑specific surprise. Bank of America has blunt message on stocks and bonds for Q2
• Negative Sentiment: Legal settlement hit — Market chatter reports Bank of America agreed to pay about $72.5M to settle claims tied to Jeffrey Epstein, creating a modest near‑term cash outflow and reputational drag. Market Chatter: Bank of America to Pay $72.5 Million to Settle Epstein Lawsuit
• Negative Sentiment: Security incident probe near a BofA branch — French authorities are investigating a thwarted attack outside a Bank of America location, raising reputational and operational concerns; this is a headline risk rather than a material financial event so far. ‘They use proxies’: France probes possible Iran link to thwarted bomb attack outside of a Bank of America

Insider Transactions at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the completion of the transaction, the insider directly owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider owned 307,240 shares in the company, valued at $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 227,832 shares of company stock valued at $11,094,960. 0.30% of the stock is currently owned by corporate insiders.

Bank of America Stock Up 3.2%

Bank of America stock opened at $48.73 on Wednesday. The firm has a market capitalization of $348.17 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.15 and a beta of 1.28. The company has a current ratio of 0.80, a quick 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 stock’s fifty day simple moving average is $50.85 and its 200-day simple moving average is $52.25.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period last year, the business posted $0.82 earnings per share. Bank of America’s revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

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.