Rep. James A. Himes Sells Bank of America Corporation (NYSE:BAC) Shares

Representative James A. Himes (Democratic-Connecticut) recently sold shares of Bank of America Corporation (NYSE:BAC). In a filing disclosed on July 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in Bank of America stock on July 20th. The trade occurred in the Representative’s “FIDELITY BROKERAGE” account.

Representative James A. Himes also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 7/20/2026.
• Sold $15,001 – $50,000 in shares of ExxonMobil (NYSE:XOM) on 7/20/2026.

Bank of America Trading Up 1.2%

NYSE BAC opened at $61.12 on Wednesday. The firm’s fifty day moving average price is $55.71 and its 200 day moving average price is $53.21. Bank of America Corporation has a 12 month low of $44.75 and a 12 month high of $62.12. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market capitalization of $433.71 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.08. The company had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. Bank of America’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. On average, sell-side analysts expect that Bank of America Corporation will post 4.66 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, June 5th. Bank of America’s dividend payout ratio (DPR) is 25.69%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Money Concepts Capital Corp raised its holdings in Bank of America by 3.8% during the 4th quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 182 shares during the last quarter. Operose Advisors LLC boosted its stake in shares of Bank of America by 0.9% in the 4th quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider’s stock valued at $1,123,000 after purchasing an additional 185 shares during the last quarter. Asahi Life Asset Management CO. LTD. increased its position in shares of Bank of America by 1.0% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 19,847 shares of the financial services provider’s stock worth $1,092,000 after buying an additional 187 shares during the period. GatePass Capital LLC increased its position in shares of Bank of America by 3.6% during the first quarter. GatePass Capital LLC now owns 5,451 shares of the financial services provider’s stock worth $266,000 after buying an additional 190 shares during the period. Finally, GeoWealth Management LLC raised its stake in Bank of America by 0.3% during the fourth quarter. GeoWealth Management LLC now owns 61,597 shares of the financial services provider’s stock worth $3,388,000 after buying an additional 191 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bank of America

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the sale, the insider owned 1,373,397 shares of the company’s stock, valued at approximately $72,803,774.97. This represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by insiders.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America said it has upgraded EricaAssist with new generative AI features, helping more than 18,000 customer service reps resolve client issues faster and improve personalization. That supports the bank’s efficiency and digital banking story. BofA enhances AI-powered tool to resolve client needs faster
• Positive Sentiment: The bank’s new BofA Rewards program surpassed 3 million enrollments in its first seven weeks, signaling strong customer engagement and cross-sell potential. 3 Million+ Clients Enroll in New BofA Rewards Program in First Seven Weeks
• Positive Sentiment: Bank of America was highlighted as a top buy idea by analysts, including a near-perfect quant rating and bullish commentary on the company’s fundamentals. Bank of America leads Oppenheimer’s latest buy additions with near-perfect quant rating
• Neutral Sentiment: Bank of America confirmed a broad slate of preferred dividend payments. This is mainly relevant for income investors and does not materially change the outlook for the common stock. Bank of America (BAC) Preferred Dividend Update Keeps Valuation In Focus
• Neutral Sentiment: CEO Brian Moynihan warned that inflation could force the Fed into a difficult position, which is more of a macro read-through than a company-specific catalyst. Bank of America CEO warns inflation will back Fed into a corner
• Neutral Sentiment: Smith & Nephew disclosed a 3.17% stake in Bank of America after crossing a voting-rights threshold, but this looks like a routine filing rather than a meaningful catalyst for BAC shares. Smith & Nephew Discloses Bank of America 3.17% Stake After Voting Rights Threshold Crossed

Analysts Set New Price Targets

A number of brokerages recently weighed in on BAC. The Goldman Sachs Group increased their price target on shares of Bank of America from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Citigroup boosted their price target on Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Piper Sandler upped their price objective on Bank of America from $53.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Truist Financial increased their price objective on Bank of America from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. boosted their target price on Bank of America from $57.50 to $62.50 and gave the company an “overweight” rating in a report on Monday, July 6th. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.77.

About Representative Himes

Jim Himes (Democratic Party) is a member of the U.S. House, representing Connecticut’s 4th Congressional District. He assumed office on January 3, 2009. His current term ends on January 3, 2027.

Himes (Democratic Party) is running for re-election to the U.S. House to represent Connecticut’s 4th Congressional District. He declared candidacy for the 2026 election.

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.