Allspring Global Investments Holdings LLC Has $151.17 Million Stock Holdings in Bank of America Corporation $BAC

Allspring Global Investments Holdings LLC decreased its stake in Bank of America Corporation (NYSE:BAC) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,982,850 shares of the financial services provider’s stock after selling 25,541 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Bank of America were worth $151,171,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

BAC has been the subject of a number of analyst reports. Morgan Stanley reduced their target price on shares of Bank of America from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. JPMorgan Chase & Co. upped their price objective on shares of Bank of America from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Barclays increased their target price on shares of Bank of America from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. TD Cowen boosted their price target on Bank of America from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Argus increased their price objective on Bank of America from $53.00 to $58.00 in a report on Friday, October 17th. Twenty-three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Bank of America currently has a consensus rating of “Moderate Buy” and an average target price of $58.59.

Bank of America Stock Down 0.2%

NYSE BAC opened at $55.25 on Wednesday. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $56.54. The stock has a market cap of $403.45 billion, a PE ratio of 15.05 and a beta of 1.30. The firm has a 50-day simple moving average of $53.59 and a 200 day simple moving average of $50.45. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.79 and a current ratio of 0.79.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.93 by $0.13. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.The firm 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 firm posted $0.81 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts forecast that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend 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 News Roundup

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

• Positive Sentiment: Keefe Bruyette raised its price target on BAC to $64 and maintained an Outperform rating after meetings with management — a direct analyst upgrade that supports upside expectations. Bank of America (BAC) Estimates Refreshed After Keefe Bruyette Review
• Positive Sentiment: CEO Brian Moynihan publicly expects U.S. tariff pressure to cool in 2026, which would reduce trade‑related uncertainty for corporate clients and could support loan growth and market confidence for big banks. De-escalation, not escalation: Bank of America CEO sees tariff pressure cooling in 2026
• Positive Sentiment: MarketBeat highlights BAC as a finance stock positioned to “monetize either side of the rate cycle,” noting tech/AI investments and a diversified franchise — a reminder of structural strengths that underpin medium‑term earnings and dividend capacity. Will the Fed Cut or Pause? These Finance Stocks Can Win Either Way
• Neutral Sentiment: Zacks flags rising U.S. consumer credit stress as a sector headwind but lists BAC among three banks with liquidity and improving asset quality — a mixed signal: BAC looks relatively stable, but consumer credit trends remain a risk to loan performance. US Consumer Credit Stress Rises: 3 Bank Stocks to Watch for Stability
• Neutral Sentiment: Bank of America’s Aditya Bhave (economics) and broader TV segments (Fast Money, panel pieces on big banks) are discussing 2026 macro outlooks and the strong 2025 rebound in big banks — useful for sentiment but not single‑driver news; these segments can influence short‑term flows depending on the tone. Bank of America’s Aditya Bhave shares his 2026 economic outlook Fast Money traders talk the state of the Big Bank sector heading into 2026 Big Bank Stocks Come Roaring Back in 2025

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.