Equitable Trust Co. Has $14.73 Million Stock Holdings in Bank of America Corporation $BAC

Equitable Trust Co. trimmed its position in Bank of America Corporation (NYSE:BAC) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 285,505 shares of the financial services provider’s stock after selling 16,633 shares during the quarter. Equitable Trust Co.’s holdings in Bank of America were worth $14,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BAC. Constant Guidance Financial LLC raised its holdings in shares of Bank of America by 603.4% during the 3rd quarter. Constant Guidance Financial LLC now owns 24,283 shares of the financial services provider’s stock worth $1,253,000 after buying an additional 20,831 shares in the last quarter. Avalon Trust Co grew its position in Bank of America by 69.0% in the third quarter. Avalon Trust Co now owns 10,305 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 4,207 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Bank of America by 5.6% during the third quarter. Koshinski Asset Management Inc. now owns 62,218 shares of the financial services provider’s stock worth $3,210,000 after acquiring an additional 3,282 shares in the last quarter. Channing Capital Management LLC lifted its holdings in shares of Bank of America by 2.6% in the third quarter. Channing Capital Management LLC now owns 249,898 shares of the financial services provider’s stock worth $12,892,000 after acquiring an additional 6,236 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of Bank of America by 9.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 189,645 shares of the financial services provider’s stock valued at $9,784,000 after purchasing an additional 15,909 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BAC has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Argus upped their price target on shares of Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Robert W. Baird raised their price objective on Bank of America from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Piper Sandler upped their target price on Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, CICC Research began coverage on Bank of America in a research note on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price target on the stock. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Trading Up 0.5%

NYSE BAC opened at $53.04 on Monday. The business’s 50-day moving average price is $54.29 and its two-hundred day moving average price is $52.32. 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 $387.35 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15.

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

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be given a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America’s payout ratio is 29.24%.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Large growth/fee opportunity — BofA plans to commit $25 billion of its own capital to expand private‑credit and direct‑lending activity, a move that can boost fee income, diversify lending channels and signal aggressive growth of non‑interest revenue. BofA commits $25 billion to private-credit deals, memo shows
• Positive Sentiment: Client acquisition and deposit strategy — BofA is redesigning a no‑fee rewards program aimed at expanding relationships with checking clients (potentially ~30M more), which could deepen deposit balances and cross‑sell into cards and wealth management over time. How BAC’s No-Fee Rewards Program Can Be a Slow-Burn Growth Driver
• Positive Sentiment: Wealth business recognition — Merrill had 24 advisors named to Financial Planning’s Top 40 Brokers Under 40, underscoring talent depth in wealth management, which supports fee revenue stability and advisor retention. 24 Merrill Advisors Recognized on Financial Planning’s Top 40 Brokers Under 40 List
• Neutral Sentiment: Investor attention rising — Screening and search interest in BAC has picked up, which can amplify moves both ways depending on incoming data and macro headlines. Investors Heavily Search Bank of America Corporation (BAC)
• Neutral Sentiment: Macro/sector commentary — Bank of America Securities flagged the housing rebound as shaky (weak year‑on‑year), which is sector commentary that could influence mortgage volumes but isn’t an immediate hit to BAC’s broad franchise. Home Construction Rebound Looks Shaky, Says Analyst
• Negative Sentiment: Risk/valuation concerns in private credit — Coverage from FT and others notes growing industry moves into private credit and flags mounting concerns about the sector’s health and underwriting risk; deploying large balance‑sheet capital raises exposure and regulatory/credit‑cycle risk if conditions sour. Bank of America commits $25bn to private credit lending

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.