Certuity LLC Has $26.99 Million Holdings in Bank of America Corporation $BAC

Certuity LLC lifted its stake in shares of Bank of America Corporation (NYSE:BAC) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 523,113 shares of the financial services provider’s stock after acquiring an additional 25,268 shares during the quarter. Bank of America comprises approximately 1.3% of Certuity LLC’s holdings, making the stock its 12th largest position. Certuity LLC’s holdings in Bank of America were worth $26,987,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Tocqueville Asset Management L.P. boosted its holdings in shares of Bank of America by 0.8% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 469,851 shares of the financial services provider’s stock worth $24,240,000 after buying an additional 3,799 shares during the period. Saiph Capital LLC lifted its position in Bank of America by 1.3% during the 3rd quarter. Saiph Capital LLC now owns 129,836 shares of the financial services provider’s stock worth $6,698,000 after acquiring an additional 1,725 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Bank of America by 9.9% during the 3rd quarter. Johnson Financial Group Inc. now owns 14,496 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 1,305 shares during the last quarter. Acorns Advisers LLC bought a new stake in Bank of America during the third quarter valued at about $214,000. Finally, Keystone Financial Services grew its position in shares of Bank of America by 6.4% in the third quarter. Keystone Financial Services now owns 12,588 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 755 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Bank of America

In other news, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the sale, the insider directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider directly owned 307,240 shares in the company, valued at approximately $15,362,000. The trade was a 21.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BAC shares. JPMorgan Chase & Co. lifted their price objective on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. HSBC increased their target price on Bank of America from $55.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Erste Group Bank downgraded Bank of America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. CICC Research began coverage on Bank of America in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price objective for the company. Finally, The Goldman Sachs Group raised their price objective on shares of Bank of America from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.30.

Trending Headlines about Bank of America

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

• Positive Sentiment: Management/strategy: Bank of America projects solid Q1 revenue growth (net interest income, investment banking and global markets), which supports medium‑term earnings resilience. BofA projects solid first-quarter growth across key businesses
• Positive Sentiment: Product/fee growth: Zelle and Bank of America launched instant donor-advised-fund disbursements, a payments innovation that can improve client service and fee/flow dynamics in wealth and treasury products. Zelle and Bank of America Partner to Accelerate Delivery of Charitable Donations to Nonprofits
• Positive Sentiment: Analyst backdrop: Wall Street coverage remains constructive overall (multiple Buy/Outperform ratings and a median 6–12 month target near $62), which supports longer‑term upside vs. current levels. Bank of America falls as rate volatility and sector-wide risk-off sentiment pressure bank shares
• Neutral Sentiment: Capital actions: The board declared regular cash dividends on several series of preferred stock (payment dates in April–May); this affects preferred holders and liquidity planning but has limited direct impact on common shareholders. Bank of America Declares Preferred Stock Dividends Payable in April and May 2026
• Neutral Sentiment: Global research activity: BofA research continues to move ratings and targets across the market (e.g., Qualcomm reinstated as Underperform; Bumble target trimmed) — shows healthy brokerage flow but is not company specific. Qualcomm Stock Warning: Why Bank of America Is Betting That QCOM Will Underperform
• Neutral Sentiment: International trading activity: BofA Securities participated in a block trade in Kaynes Technologies (India); more a regional/flow trade than a corporate signal for BAC common shares. BofA Securities enters Kaynes Technologies via Rs 42 crore block deal; stock down 48% in six months
• Negative Sentiment: Macro/sector pressure: Renewed rate volatility after recent CPI and heavy Treasury issuance triggered a sector‑wide bank pullback; BAC is sensitive to rate moves given NII and duration exposures. Also, recent regulatory/stress‑capital buffer discussion and heavy insider selling amplify downside risk in risk‑off flows. Bank of America falls as rate volatility and sector-wide risk-off sentiment pressure bank shares
• Negative Sentiment: Market reaction: Short‑term price weakness was highlighted in market writeups noting BAC declined more than the broader market today, which can trigger technical selling and higher intraday volatility. Bank of America (BAC) Declines More Than Market: Some Information for Investors

Bank of America Trading Down 2.9%

Shares of BAC opened at $47.13 on Friday. The stock’s 50-day moving average price is $52.70 and its 200 day moving average price is $52.47. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $338.24 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 1.18 and a beta of 1.28. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The company 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 company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. As a group, research analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.4%. Bank of America’s payout ratio is currently 29.24%.

Bank of America Company 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.