Douglas Lane & Associates LLC Sells 300,692 Shares of Bank of America Corporation $BAC

Douglas Lane & Associates LLC cut its position in shares of Bank of America Corporation (NYSE:BAC) by 17.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,466,090 shares of the financial services provider’s stock after selling 300,692 shares during the period. Bank of America accounts for 1.1% of Douglas Lane & Associates LLC’s portfolio, making the stock its 29th largest holding. Douglas Lane & Associates LLC’s holdings in Bank of America were worth $75,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wynn Capital LLC grew its holdings in Bank of America by 0.4% during the third quarter. Wynn Capital LLC now owns 47,063 shares of the financial services provider’s stock worth $2,428,000 after purchasing an additional 207 shares during the period. Wealth Advisory Solutions LLC boosted its stake in shares of Bank of America by 4.4% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 5,126 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 214 shares during the period. Ballast Advisors LLC increased its holdings in shares of Bank of America by 4.1% during the 2nd quarter. Ballast Advisors LLC now owns 5,489 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 218 shares during the last quarter. McLean Asset Management Corp raised its stake in Bank of America by 0.9% in the 3rd quarter. McLean Asset Management Corp now owns 25,534 shares of the financial services provider’s stock valued at $1,287,000 after acquiring an additional 218 shares during the period. Finally, AllSquare Wealth Management LLC lifted its holdings in Bank of America by 1.0% during the 2nd quarter. AllSquare Wealth Management LLC now owns 23,072 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 220 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

Key Bank of America News

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

• Positive Sentiment: Analysts expect double‑digit profit growth for BAC in fiscal Q4 2025, setting the bar for an earnings beat that could lift the stock if results and guidance are strong. Read More.
• Positive Sentiment: Investment banking fee momentum (more deals, IPOs and easing rates) is expected to boost BAC’s fee income in 2025–26 — a structural revenue tailwind that supports higher margins and valuation. Read More.
• Positive Sentiment: Oppenheimer raised its price target to $63 and kept an outperform view, signaling stronger analyst conviction and potential upside from upgrades. Analyst upgrades/target raises often support near‑term buying. Read More.
• Positive Sentiment: Truist raised its price target (to $58) and has maintained a buy stance — additional institutional buy ratings are reinforcing positive momentum. Read More.
• Positive Sentiment: Keefe, Bruyette & Woods and other houses have reiterated outperform/buy views, adding to the cluster of favorable analyst coverage that can attract flows. Read More.
• Neutral Sentiment: Zacks notes elevated investor attention on BAC; heightened searches can amplify moves but aren’t directional by themselves. Read More.
• Neutral Sentiment: Bank of America Securities analysts remain active on many names (ratings and notes across sectors); this shows institutional research strength but is indirect for BAC’s price. Read More.
• Negative Sentiment: Bank of America’s own Bull & Bear Indicator flagged that extreme bullishness among fund managers has triggered a contrarian “sell” signal — historically associated with pullbacks, which could cap gains or trigger volatility. Read More.
• Negative Sentiment: MarketWatch coverage highlights that BofA’s sell‑signal has been triggered and discusses historical outcomes, reinforcing risk-averse positioning by some managers and possible outflows. Read More.

Wall Street Analyst Weigh In

Several equities analysts have commented on BAC shares. Phillip Securities upped their price objective on shares of Bank of America from $50.00 to $56.00 in a report on Tuesday, October 21st. Piper Sandler increased their price target on shares of Bank of America from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Oppenheimer raised their price objective on shares of Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays upped their target price on Bank of America from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Thursday, October 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.59.

Bank of America Price Performance

Shares of NYSE BAC opened at $55.19 on Friday. The business has a fifty day moving average price of $52.89 and a two-hundred day moving average price of $49.86. The stock has a market capitalization of $403.02 billion, a PE ratio of 15.04 and a beta of 1.30. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $56.07.

Bank of America (NYSE:BAC) last released its 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. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $27.05 billion. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.Bank of America’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. As a group, equities analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

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

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.