Brighton Jones LLC Has $6.67 Million Holdings in Bank of America Corporation $BAC

Brighton Jones LLC grew its position in shares of Bank of America Corporation (NYSE:BAC) by 12.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,189 shares of the financial services provider’s stock after buying an additional 14,697 shares during the quarter. Brighton Jones LLC’s holdings in Bank of America were worth $6,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BAC. Nova Wealth Management Inc. boosted its stake in Bank of America by 75.2% in the second quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 227 shares in the last quarter. Quaker Wealth Management LLC increased its stake in shares of Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after buying an additional 880 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of Bank of America in the second quarter valued at about $28,000. Steph & Co. lifted its position in Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after buying an additional 379 shares in the last quarter. Finally, CGC Financial Services LLC grew its holdings in Bank of America by 585.4% during the 2nd quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 521 shares during the last quarter. Institutional investors own 70.71% of the company’s stock.

Bank of America Trading Up 1.7%

NYSE BAC opened at $55.19 on Monday. Bank of America Corporation has a one year low of $33.06 and a one year high of $56.07. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $403.02 billion, a P/E ratio of 15.04 and a beta of 1.30. The stock’s 50-day moving average is $52.89 and its 200-day moving average is $49.90.

Bank of America (NYSE:BAC) last issued its quarterly earnings data 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 net margin of 15.70% and a return on equity of 10.76%. 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 firm earned $0.81 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. Sell-side analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

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

Key Stores Impacting Bank of America

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.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BAC. UBS Group increased their price target on shares of Bank of America from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Seaport Global Securities increased their price objective on Bank of America from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Wells Fargo & Company lifted their target price on Bank of America from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. TD Cowen upped their price target on Bank of America from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Bank of America from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.59.

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.