Bank of America Corporation $BAC Holdings Trimmed by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC reduced its position in shares of Bank of America Corporation (NYSE:BAC) by 9.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,735,693 shares of the financial services provider’s stock after selling 182,293 shares during the period. Bank of America accounts for 0.9% of Gateway Investment Advisers LLC’s investment portfolio, making the stock its 21st biggest position. Gateway Investment Advisers LLC’s holdings in Bank of America were worth $89,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Albion Financial Group UT lifted its stake in Bank of America by 1.6% in the 3rd quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock worth $672,000 after acquiring an additional 205 shares in the last quarter. Motive Wealth Advisors grew its stake in Bank of America by 3.6% during the 3rd quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 205 shares in the last quarter. Wynn Capital LLC increased its holdings in shares of Bank of America by 0.4% in the 3rd quarter. Wynn Capital LLC now owns 47,063 shares of the financial services provider’s stock valued at $2,428,000 after purchasing an additional 207 shares during the period. Accelerate Investment Advisors LLC lifted its position in shares of Bank of America by 4.7% in the third quarter. Accelerate Investment Advisors LLC now owns 4,637 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 207 shares in the last quarter. Finally, Norris Perne & French LLP MI boosted its holdings in shares of Bank of America by 4.2% during the third quarter. Norris Perne & French LLP MI now owns 5,278 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 211 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Trading Up 1.7%

Shares of NYSE:BAC opened at $55.94 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $408.49 billion, a PE ratio of 15.24 and a beta of 1.29. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $56.54. The firm has a fifty day moving average price of $53.80 and a 200 day moving average price of $50.64.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.13. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $27.05 billion. During the same quarter in the prior year, the company posted $0.81 EPS. The firm’s revenue was up 10.8% on a year-over-year basis. Analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, December 5th. Bank of America’s dividend payout ratio (DPR) is 30.52%.

Analyst Ratings Changes

BAC has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on shares of Bank of America from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Erste Group Bank upgraded shares of Bank of America from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Barclays increased their price objective on Bank of America from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Wells Fargo & Company lifted their price objective on Bank of America from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Finally, Phillip Securities boosted their target price on Bank of America from $50.00 to $56.00 in a research note on Tuesday, October 21st. Twenty-three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.59.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Intraday/options flow shows moderately bullish activity and short‑term buying pressure that has supported the stock’s move higher; traders flagged increased call interest and volume. Moderately bullish activity in Bank of America with shares up 0.54%
• Positive Sentiment: Zacks highlights BAC outpacing the broader market in the latest session — evidence institutional/retail buyers favoring the stock after solid recent results and improving trading sentiment for big banks. Why Bank of America (BAC) Outpaced the Stock Market Today
• Positive Sentiment: Analysis flags a potentially imminent forced conversion of BAC Series L preferreds: the shares yield ~5.8% today but would convert into common if BAC trades above $65 for the trigger period — a conversion would reduce preferred overhang and could create modest capital gains and support for common shares. The note also points out preferred dividend coverage is small relative to earnings, limiting downside risk. Bank Of America: Forced Conversion On Preferred Stock Coming Closer
• Positive Sentiment: CFRA commentary: analysts remain constructive on big banks into earnings season, which supports BAC relative performance and investor confidence in the sector. Outlook is very positive for the big banks, says CFRA’s Ken Leon
• Neutral Sentiment: BofA published its “Top 10 Ideas” for Q1 2026 (research picks across sectors). This showcases the firm’s research franchise and fee‑generating business but is not a direct driver of BAC equity moves. BofA Rolls Out “Top 10 Ideas” for 1Q26 Across Key Sectors
• Neutral Sentiment: Consumer‑facing coverage: a recent mortgage review of Bank of America outlines product offerings and service traits — relevant for long‑term revenue mix but unlikely to move the stock near term. Bank of America Mortgage review 2026
• Neutral Sentiment: CEO Brian Moynihan said BofA hired ~2,000 Gen‑Z grads from 200,000 applicants — positive PR about talent intake and cost discipline but more of a reputation/culture datapoint than an immediate earnings catalyst. Bank of America CEO says he hired 2,000 recent Gen Z grads from 200,000 applications, and many are scared about the future
• Negative Sentiment: BofA strategists warn the S&P 500 is expensive — a broader valuation caution that can weigh on cyclical and financial stocks if risk appetite reverses, creating a macro headwind for BAC. The S&P 500 is Expensive with ‘No Way to Sugar Coat It,’ Warns Bank of America

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.