Myriad Asset Management US LP Makes New $1.92 Million Investment in Bank of America Corporation $BAC

Myriad Asset Management US LP acquired a new position in Bank of America Corporation (NYSE:BAC) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,119 shares of the financial services provider’s stock, valued at approximately $1,915,000. Bank of America comprises 1.0% of Myriad Asset Management US LP’s investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Bank of America during the 2nd quarter worth $5,091,641,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bank of America by 124.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after purchasing an additional 9,782,208 shares in the last quarter. ABN AMRO Bank N.V. purchased a new position in Bank of America in the 2nd quarter worth $202,439,000. OMERS ADMINISTRATION Corp grew its position in Bank of America by 881.5% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 4,210,388 shares of the financial services provider’s stock worth $199,236,000 after acquiring an additional 3,781,417 shares during the last quarter. Finally, AMF Tjanstepension AB grew its holdings in shares of Bank of America by 62.9% in the second quarter. AMF Tjanstepension AB now owns 8,904,561 shares of the financial services provider’s stock worth $421,564,000 after purchasing an additional 3,438,876 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

BAC has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Evercore ISI set a $59.00 target price on Bank of America in a report on Thursday, January 15th. HSBC upgraded shares of Bank of America from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, January 7th. Argus upped their price target on Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Finally, Seaport Research Partners raised their target price on shares of Bank of America from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.74.

Bank of America News Roundup

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

• Positive Sentiment: Morgan Stanley reiterated a bullish stance on BAC after a strong Q4 cadence, which supports investor confidence in the bank’s profitability and helps explain upside in the shares. Morgan Stanley remains bullish on Bank of America (BAC)
• Positive Sentiment: Broader earnings‑estimate momentum: commentary from Zacks and Q4 season commentary show rising estimates and constructive analyst tone for large banks, supporting multiple expansion. Is Trending Stock Bank of America Corporation (BAC) a Buy Now?
• Positive Sentiment: Investor interest driven by prior strong performance and strategy commentary (review pieces highlighting why BAC outperformed last year), keeping sentiment upbeat. Why Bank of America Stock Crushed it Last Year
• Neutral Sentiment: Big‑bank Q4 recap: the group reported solid bottom‑line results but mixed top‑line guidance and one‑time items — a mixed backdrop that supports earnings growth but keeps guidance risk in focus. Bank Stocks: Another Quarter of Double-Digit S&P 500 Earnings Growth?
• Neutral Sentiment: BofA analysts remain active (examples: sector reports and external stock coverage like the Oklo upgrade), which is normal institutional activity but doesn’t directly move BAC’s fundamentals. Oklo Stock Rises as Meta Deal Triggers Bank of America Upgrade
• Neutral Sentiment: BofA Securities research (e.g., semiconductor coverage) shows the bank’s franchise generating analyst flow and trading business revenue — supportive long term but not an immediate stock catalyst. US Semiconductor Supply, Demand Realign For 2026, Says BofA Analyst
• Negative Sentiment: Policy headline risk: multiple reports say Bank of America is considering offering credit cards with a 10% interest rate (a response to President Trump’s proposal). If adopted, this could compress net interest income and force product trade‑offs, creating investor concern about margin and credit access. Bank of America, Citi consider new credit cards with 10% rate – report
• Negative Sentiment: CEO caution: Brian Moynihan warned that a 10% cap would curb consumer spending and limit credit availability — a public management pushback highlighting that a policy cap could slow fee/interest revenue and loan growth. BofA CEO Warns 10% Credit Card Cap Will Curb Spending
• Negative Sentiment: Political/relationship risk: reports that CEO Brian Moynihan was left off an invite list for a Trump reception at Davos underline potential political friction that could translate into regulatory or reputational noise. Bank of America’s Brian Moynihan left off invite list for Trump reception at Davos

Bank of America Price Performance

Bank of America stock opened at $52.42 on Friday. 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 52-week low of $33.06 and a 52-week high of $57.55. The firm’s fifty day moving average is $54.08 and its 200 day moving average is $51.31. The company has a market cap of $382.80 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.27 and a beta of 1.29.

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 for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $28.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. Sell-side analysts forecast that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

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.