Permanent Capital Management LP Makes New Investment in Bank of America Corporation $BAC

Permanent Capital Management LP purchased a new stake in shares of Bank of America Corporation (NYSE:BAC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,575 shares of the financial services provider’s stock, valued at approximately $649,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Bank of America by 0.3% during the second quarter. Geode Capital Management LLC now owns 148,176,755 shares of the financial services provider’s stock valued at $6,982,863,000 after acquiring an additional 403,652 shares in the last quarter. Norges Bank purchased a new position in shares of Bank of America during the 2nd quarter valued at $5,091,641,000. Fisher Asset Management LLC increased its holdings in shares of Bank of America by 5.2% in the second quarter. Fisher Asset Management LLC now owns 51,405,673 shares of the financial services provider’s stock worth $2,432,516,000 after purchasing an additional 2,557,943 shares during the period. Amundi increased its holdings in shares of Bank of America by 3.7% in the first quarter. Amundi now owns 39,233,293 shares of the financial services provider’s stock worth $1,637,205,000 after purchasing an additional 1,413,313 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Bank of America by 124.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock worth $833,771,000 after buying an additional 9,782,208 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on BAC. Truist Financial upped their target price on Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Ameriprise Financial raised Bank of America to a “buy” rating in a report on Wednesday, October 22nd. Wells Fargo & Company raised their target price on shares of Bank of America from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Barclays boosted their price target on shares of Bank of America from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Finally, Piper Sandler raised their price objective on shares of Bank of America from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Twenty-three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.59.

Bank of America News Summary

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

• Positive Sentiment: CEO Brian Moynihan told reporters he expects the administration to begin de‑escalating tariffs next year, calling the move from a 10% to 15% rate a limited broad impact — a view that reduces macro uncertainty for corporate clients and trading volumes tied to cross‑border activity. Bank of America’s Moynihan sees Trump’s tariffs starting to de-escalate Bank of America’s Moynihan Sees Trump’s Tariffs Starting to De-Escalate
• Positive Sentiment: Analyst sentiment and price‑target coverage is supportive: Bank of America received upgrades and a consensus “Moderate Buy” from some analyst aggregators, and several price‑forecast pieces project continued upside based on 2025 performance and market share tailwinds. These endorsements can bolster investor confidence and buying interest. Bank of America Corporation (NYSE:BAC) Receives Consensus Recommendation of “Moderate Buy” from Analysts Bank of America (NYSE: BAC) Stock Price Prediction and Forecast 2026-2030 (January 2026)
• Neutral Sentiment: BofA’s research activity is visible in markets: BofA Securities began coverage of América Móvil and BofA strategists are publicly commenting on macro themes (e.g., gold’s rally). These items highlight research/revenue lines but don’t directly move BAC’s core banking fundamentals. América Móvil (AMX) Benefits From Latin America Telecom Pricing Power 13 Best Gold Mining Companies to Invest In Now
• Neutral Sentiment: Market activity signals: unusual options volume has been reported around BAC, which can amplify short‑term volatility but doesn’t indicate a directional fundamental change. Traders should watch option flows for conviction. Bank of America Unusual Options Activity
• Neutral Sentiment: Retail and analyst writeups (Fool, Yahoo) reassess BAC as a buy/hold/hold candidate for 2026; these pieces reiterate BAC’s diversified consumer and investment services franchises but are not new catalysts. Is Bank of America Stock a Buy, Sell, or Hold in 2026? Is Bank of America Stock a Buy, Sell, or Hold in 2026?
• Negative Sentiment: Valuation caution: a Seeking Alpha deep‑dive warns that while BofA is “running well,” much of its progress is already priced into the stock, suggesting limited upside and raising the bar for future beats. That perspective can cap enthusiasm among value‑conscious investors. Bank Of America Is Running Well, But The Stock Is Priced For It

Bank of America Stock Down 0.1%

Shares of NYSE BAC opened at $56.20 on Monday. The stock has a market capitalization of $410.36 billion, a P/E ratio of 15.31 and a beta of 1.30. Bank of America Corporation has a one year low of $33.06 and a one year high of $56.55. The firm’s 50 day simple moving average is $53.45 and its two-hundred day simple moving average is $50.30. 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 (NYSE:BAC) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $27.05 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue was up 10.8% on a year-over-year basis. As a group, analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, December 5th. Bank of America’s dividend payout ratio is presently 30.52%.

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.