Commerzbank Aktiengesellschaft FI Lowers Position in Bank of America Corporation $BAC

Commerzbank Aktiengesellschaft FI cut its stake in shares of Bank of America Corporation (NYSE:BAC) by 11.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,214 shares of the financial services provider’s stock after selling 21,934 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Bank of America were worth $9,142,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Permanent Capital Management LP purchased a new stake in shares of Bank of America during the 3rd quarter worth approximately $649,000. Boston Common Asset Management LLC grew its holdings in Bank of America by 10.5% during the second quarter. Boston Common Asset Management LLC now owns 259,680 shares of the financial services provider’s stock valued at $12,288,000 after purchasing an additional 24,740 shares during the period. Disciplined Investments LLC bought a new position in Bank of America during the second quarter valued at $217,000. Sunbeam Capital Management LLC increased its position in Bank of America by 7.3% in the second quarter. Sunbeam Capital Management LLC now owns 6,476 shares of the financial services provider’s stock worth $306,000 after buying an additional 439 shares during the last quarter. Finally, CCG Wealth Management LLC bought a new stake in shares of Bank of America in the second quarter valued at $287,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America News Summary

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

• Positive Sentiment: Morgan Stanley and other bullish takes following BAC’s solid Q4 results reinforce earnings momentum and analyst support; this underpins investor confidence in BAC’s core earnings and capital outlook. Morgan Stanley remains bullish on Bank of America (BAC) following strong Q4 results
• Positive Sentiment: Broad earnings‑season commentary (Zacks and others) showing rising estimates and a favorable Q4 backdrop supports BAC’s forward EPS outlook and valuation multiples. Earnings Estimates Keep Increasing: A Closer Look
• Positive Sentiment: BofA’s $1B “sharing success”/employee‑owner initiative is getting coverage; such programs can help retention and align employee incentives, modestly supportive for execution and cost control over time. Did BAC’s US$1 Billion Sharing Success Plan Just Recast Bank of America’s Employee-Owner Model?
• Neutral Sentiment: BofA research/commentary (MarketWatch piece) promoting international stocks, EM and gold versus bonds highlights the firm’s market views but is unlikely to move BAC shares materially. Now is not the time to own bonds, says Bank of America. These are safer bets.
• Neutral Sentiment: BofA analysts remain active in coverage (example: upgrade of Oklo shows BofA’s analyst influence) — helpful for reputation but indirect for the stock. Oklo Stock Rises as Meta Deal Triggers Bank of America Upgrade
• Negative Sentiment: Multiple reports say BofA is considering offering credit cards at a proposed 10% cap (and CEO Moynihan warned a cap would curb spending). The story raises regulatory and margin‑pressure concerns for card balances and interest income — a key driver for bank profitability. Bank of America, Citi consider new credit cards with 10% rate – report
• Negative Sentiment: Additional coverage (Bloomberg/PYMNTS/NYPost/Blockonomi) on the 10% card idea and Moynihan’s comments increases the chance investors re‑price BAC to reflect regulatory risk to card yields and consumer‑credit availability. Bank of America and Citi Consider Offering Credit Cards With 10% Interest Rate

Analyst Upgrades and Downgrades

BAC has been the subject of several research reports. The Goldman Sachs Group increased their price target on Bank of America from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Wall Street Zen lowered shares of Bank of America from a “hold” rating to a “sell” rating in a research report on Monday, January 5th. Daiwa Capital Markets lifted their target price on shares of Bank of America from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Oppenheimer boosted their price target on shares of Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.74.

Bank of America Stock Down 1.3%

BAC opened at $51.75 on Friday. The firm has a market capitalization of $377.87 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.29. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. The company has a fifty day moving average price of $54.06 and a 200-day moving average price of $51.36. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same quarter last year, the company earned $0.82 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

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.