Bank of America Corporation $BAC Shares Sold by Capital City Trust Co. FL

Capital City Trust Co. FL decreased its holdings in Bank of America Corporation (NYSE:BAC) by 51.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,509 shares of the financial services provider’s stock after selling 11,194 shares during the quarter. Capital City Trust Co. FL’s holdings in Bank of America were worth $542,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Quaker Wealth Management LLC grew its position in shares of 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 worth $25,000 after buying an additional 880 shares in the last quarter. Steph & Co. grew its holdings 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 acquiring an additional 379 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in shares of Bank of America in the 2nd quarter valued at approximately $28,000. Marquette Asset Management LLC acquired a new stake in shares of Bank of America in the 3rd quarter valued at $30,000. Finally, CGC Financial Services LLC lifted its position in shares of 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 purchasing an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BAC shares. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research note on Thursday, October 30th. Hsbc Global Res upgraded Bank of America from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Argus upped their price target on Bank of America from $53.00 to $58.00 in a report on Friday, October 17th. Wells Fargo & Company raised their price objective on shares of Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, TD Cowen boosted their price objective on shares of Bank of America from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.82.

Trending Headlines about Bank of America

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

• Positive Sentiment: Zacks highlights BAC’s history of earnings surprises and argues the bank has the key drivers (trading/markets strength, stable net interest income) to again beat consensus in the upcoming quarter. Why Bank of America (BAC) Could Beat Earnings Estimates Again
• Positive Sentiment: Short interest in BAC dropped materially in December (about a 21% decline vs mid‑December), reducing a potential short‑squeeze overhang and signaling fewer bearish positions against the stock. (Internal short‑interest report)
• Positive Sentiment: Bank of America research argues AI-driven bond issuance could create a major capital‑markets opportunity (WSJ: “AI bond sales could hit $300B a year”), which would support IB fee revenue if BofA captures market share. AI Bond Sales Could Hit $300 Billion a Year, Bank of America Says
• Positive Sentiment: Media coverage (Jim Cramer commentary) portrays BAC’s valuation as conservative versus fundamentals, supporting a narrative that upside exists if execution continues. Bank of America (BAC)’s Multiple is An Insult to Its CEO, Says Jim Cramer
• Neutral Sentiment: Analysts and outlets are positioning ahead of BAC’s Q4 print — some small forecast adjustments and preview pieces highlight trading strength and stable NII but await management guidance for 2026. This keeps volatility around the print likely but doesn’t move fundamentals yet. Bank of America Gears Up For Q4 Print; Here Are The Recent Forecast Changes
• Neutral Sentiment: Industry pieces note U.S. banks entered the earnings season on firmer footing after 2025 — a supportive macro backdrop that reduces tail‑risk but still leaves company-specific execution as the main driver. Banks Enter Earnings Season on Firmer Footing, Though Risks Linger
• Negative Sentiment: Political headlines from former President Trump proposing a 10% cap on credit‑card APRs triggered a sectorwide selloff; Reuters reports banks are warning such a cap would shrink credit access and hurt margins — a direct revenue risk for BAC’s consumer card business. Banks warn consumers will be hurt by Trump’s 10% cap on credit card interest rates
• Negative Sentiment: Coverage (Investopedia and others) shows bank stocks tumbling on the regulatory headlines and investor uncertainty, which likely explains much of BAC’s down move today despite company‑specific positives. Big Bank Stocks Tumbled After Trump Said This

Bank of America Price Performance

Shares of NYSE:BAC opened at $54.47 on Wednesday. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. The stock has a market capitalization of $397.80 billion, a price-to-earnings ratio of 14.84 and a beta of 1.29. The company has a 50-day simple moving average of $54.19 and a 200-day simple moving average of $51.14. 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 released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $27.05 billion. During the same quarter last year, the company posted $0.81 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. On average, analysts predict that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is currently 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.