Nordea Investment Management AB Sells 20,205 Shares of Bank of America Corporation $BAC

Nordea Investment Management AB lessened its holdings in Bank of America Corporation (NYSE:BAC) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,116,050 shares of the financial services provider’s stock after selling 20,205 shares during the period. Nordea Investment Management AB’s holdings in Bank of America were worth $116,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Wiser Advisor Group LLC acquired a new position in shares of Bank of America in the third quarter valued at $27,000. Steph & Co. raised its position in shares of Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 379 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Bank of America during the 3rd quarter worth about $30,000. Collier Financial bought a new stake in shares of Bank of America during the 3rd quarter worth about $30,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in Bank of America in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BAC shares. Daiwa Securities Group cut their price objective on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Oppenheimer upped their target price on Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Erste Group Bank cut Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Wells Fargo & Company boosted their price target on Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, Truist Financial dropped their target price on Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Trading Up 0.3%

BAC opened at $47.15 on Monday. The stock has a market capitalization of $338.37 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 1.15 and a beta of 1.28. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55. The company has a 50-day simple moving average of $51.59 and a 200 day simple moving average of $52.36.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period last year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, March 6th. Bank of America’s payout ratio is currently 29.24%.

Insiders Place Their Bets

In other Bank of America news, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider directly owned 307,240 shares in the company, valued at $15,362,000. This represents a 21.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the completion of the sale, the insider directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 227,832 shares of company stock worth $11,094,960 over the last three months. Insiders own 0.30% of the company’s stock.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Fed capital-reset plan could free up lending and boost banks’ growth and profitability — a tailwind for BAC if lower capital buffers translate into more loan activity and higher fee income. Fed’s Capital Reset: Lower Buffers, Increased Lending to Benefit Banks
• Positive Sentiment: Treasury market moves are pricing a higher chance of Fed hikes rather than cuts — higher rates generally support net interest margins for large banks like BAC, which can boost near‑term profitability. Treasuries Extend Slump as Likelihood of Fed Rate Cuts Fades
• Positive Sentiment: BofA’s digitization and AI initiatives are cited as unlocking revenue growth via 30B+ digital interactions, aiding cross‑selling and fee income beyond cost savings — supports the bank’s medium‑term revenue trajectory. Bank of America’s Digitization Initiatives Unlocking Revenue Growth
• Neutral Sentiment: Bank of America announced its 2026‑27 quarterly reporting schedule — routine corporate timing (low immediate market impact). Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates
• Neutral Sentiment: Marketing partnership with Visa (FIFA World Cup sweepstakes) increases consumer engagement but is unlikely to move fundamentals in the near term. BofA Teams with Visa to Offer Cardholders a Chance to Win a Trip to the FIFA World Cup 2026™
• Neutral Sentiment: BofA analysts remain active and bullish on technology names (e.g., Nvidia, TSM), which signals institutional research strength but is not a direct driver of BAC’s stock. Bank of America Still Loves Nvidia Stock After GTC 2026. Should You?
• Negative Sentiment: BofA flagged a higher risk of Fed hikes amid oil‑driven inflation and geopolitical risk — such warnings can increase investor caution and weigh on risk assets and lending outlook if growth fears rise. Bank of America Warns of Fed Rate Hike Risk as Crypto Market Faces Pressure
• Negative Sentiment: Analysis noting the Fed kept rates steady while flagging rising inflation suggests a tougher near‑term outlook for bank earnings and credit conditions, which could cap BAC’s near‑term upside. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks

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.