Bank of America Corporation $BAC Stake Increased by AGP Franklin LLC

AGP Franklin LLC boosted its stake in Bank of America Corporation (NYSE:BAC) by 46.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,198 shares of the financial services provider’s stock after acquiring an additional 19,174 shares during the period. Bank of America accounts for 1.5% of AGP Franklin LLC’s portfolio, making the stock its 25th largest position. AGP Franklin LLC’s holdings in Bank of America were worth $3,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Bank of America by 30.0% in the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after acquiring an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Bank of America by 40.5% during the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after purchasing an additional 6,174 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Bank of America by 22.1% during the second quarter. Sound Income Strategies LLC now owns 26,714 shares of the financial services provider’s stock worth $1,264,000 after purchasing an additional 4,831 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in Bank of America by 17.6% in the second quarter. Archford Capital Strategies LLC now owns 7,580 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 1,134 shares during the period. Finally, Kavar Capital Partners Group LLC increased its stake in Bank of America by 14.5% during the second quarter. Kavar Capital Partners Group LLC now owns 19,731 shares of the financial services provider’s stock valued at $934,000 after purchasing an additional 2,502 shares during the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on BAC. UBS Group lifted their price target on shares of Bank of America from $55.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Thursday, October 30th. Piper Sandler raised their price target on Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Keefe, Bruyette & Woods dropped their target price on Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Finally, Erste Group Bank raised shares of Bank of America from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Trending Headlines about Bank of America

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

• Positive Sentiment: MarketBeat / analysis pieces argue BAC’s pullback has left it at an attractive, below‑market P/E and many sell‑side firms still see ~25%+ upside, supporting buying interest. Bank of America’s Rock-Bottom P/E and 25% Upside Potential
• Positive Sentiment: Goldman Sachs raised its price target on BAC to $67 and reiterated a Buy, a bullish signal that can drive demand. Goldman Sachs raises price target
• Positive Sentiment: Disclosure that Flutter Entertainment holds a major stake in Bank of America signals institutional buying/interest from an unexpected investor type, which can be supportive for the stock. Flutter Entertainment reveals major Bank of America stake
• Neutral Sentiment: Bank of America is hosting/anchoring conferences (e.g., Bank of America Securities Financial Services Conference) where firms present — normal industry activity that increases visibility but has limited immediate impact on BAC’s fundamentals. GCM Grosvenor to Present at the Bank of America Securities Financial Services Conference
• Neutral Sentiment: Analyst writeups (Zacks, TipRanks, Yahoo roundup) highlight BAC’s Q4 loan mix (commercial strength) and analyst target ranges — useful for investors but largely reiterative. What Are Wall Street Analysts’ Target Price for Bank of America Stock?
• Neutral Sentiment: BofA research calls (gold to $6,000, AI chip stock picks) keep the bank in headlines for macro/sector views; these are reputation/flows items but not direct drivers of BAC’s near‑term earnings. Bank Of America Calls For $6,000 Gold In 2026
• Negative Sentiment: Daiwa trimmed its price target from $66 to $62 (though it kept a Buy rating), a signal that some analysts are moderating estimates — can cap near‑term upside. Daiwa lowers price target
• Negative Sentiment: Regulatory risk: coverage about BAC evaluating new 10% credit‑card offerings and broader discussion of a proposed 10% cap on card APRs remain a material earnings risk for consumer‑finance income if enacted. Bank of America evaluates new credit cards with 10% rate
• Negative Sentiment: Recent pullback appears partly macro/driven (risk‑off/geopolitical headlines); that broader sentiment, not BAC fundamentals, has pressured the stock and could keep volatility high. BAC stock profile

Bank of America Price Performance

NYSE BAC opened at $52.20 on Wednesday. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The firm has a market capitalization of $381.16 billion, a PE ratio of 13.63, a P/E/G ratio of 1.27 and a beta of 1.29. The company’s 50 day simple moving average is $54.08 and its 200 day simple moving average is $51.46. 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 issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period last year, the company posted $0.82 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts forecast that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

About Bank of America

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.