Nwam LLC Has $2.03 Million Holdings in Bank of America Corporation $BAC

Key Points

• Nwam LLC cut its Bank of America stake by 46.3% in the second quarter, selling 30,732 shares and retaining 35,676 shares valued at approximately $2.03 million. Institutional investors collectively own 70.71% of BAC.
• Bank of America exceeded quarterly expectations, reporting $1.21 in EPS and $31.56 billion in revenue, with revenue up 19.6% year over year. The company also raised its quarterly dividend from $0.28 to $0.32 per share, producing a 2.1% annualized yield.
• Analysts remain broadly positive, with 21 Buy ratings and six Holds and an average price target of $64.08. Potential catalysts include rising net interest income and a proposed stablecoin initiative, while Berkshire Hathaway’s continued selling remains an overhang.

Nwam LLC decreased its holdings in Bank of America Corporation (NYSE:BAC - Free Report) by 46.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,676 shares of the financial services provider's stock after selling 30,732 shares during the quarter. Nwam LLC's holdings in Bank of America were worth $2,033,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rehmann Capital Advisory Group boosted its position in shares of Bank of America by 2.3% during the second quarter. Rehmann Capital Advisory Group now owns 43,599 shares of the financial services provider's stock valued at $2,484,000 after buying an additional 999 shares during the last quarter. Railway Pension Investments Ltd bought a new position in Bank of America during the 2nd quarter valued at $198,598,000. A. D. Beadell Investment Counsel Inc. bought a new position in Bank of America during the 2nd quarter valued at $227,000. JNBA Financial Advisors boosted its holdings in Bank of America by 4.7% during the 2nd quarter. JNBA Financial Advisors now owns 18,925 shares of the financial services provider's stock worth $1,078,000 after acquiring an additional 853 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of Bank of America in the 2nd quarter worth $12,895,000. Institutional investors and hedge funds own 70.71% of the company's stock.

Bank of America Stock Up 0.0%

BAC opened at $61.97 on Wednesday. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. The company's 50-day moving average price is $61.35 and its two-hundred day moving average price is $55.01. The stock has a market cap of $433.34 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.99 and a beta of 1.16. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23.

Bank of America (NYSE:BAC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $30.78 billion. During the same quarter last year, the business posted $0.89 EPS. Bank of America's quarterly revenue was up 19.6% compared to the same quarter last year. As a group, equities analysts expect that Bank of America Corporation will post 4.68 earnings per share for the current year.

Bank of America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.32 dividend. This is an increase from Bank of America's previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 4th. Bank of America's dividend payout ratio (DPR) is 25.69%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BAC shares. Evercore set a $63.00 target price on shares of Bank of America and gave the company an "outperform" rating in a report on Monday, July 6th. UBS Group upped their price objective on shares of Bank of America from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Jefferies Financial Group reiterated a "buy" rating and issued a $75.00 price objective on shares of Bank of America in a research note on Tuesday, July 14th. Keefe, Bruyette & Woods boosted their target price on Bank of America from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 15th. Finally, Barclays upped their target price on Bank of America from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Bank of America has an average rating of "Moderate Buy" and an average target price of $64.08.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Stablecoin initiative could create a new payments opportunity: Bank of America is among 21 financial institutions planning to form a company that could issue a dollar-pegged stablecoin in the first half of 2027. The project may help BAC participate in faster, lower-cost digital payments, although regulatory and execution risks remain. Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
• Positive Sentiment: Net interest income continues to support earnings: BAC’s net interest income rose 9% year over year to $31.7 billion in the first half of 2026, supported by loan and deposit growth and asset repricing. Continued gains could bolster revenue and profitability if the trend persists through year-end. BAC Records 9% Y/Y Growth in NII in 1H26
• Neutral Sentiment: Analyst commentary remains broadly constructive but cautious: Bank of America’s market signals improved from “red” to “yellow,” suggesting reduced recession concerns while still flagging elevated valuations and credit risks. Its research also highlighted commercial-loan growth tied to artificial-intelligence capital spending, a potential opportunity for BAC’s lending business.
• Neutral Sentiment: Limited direct impact from other research and corporate news: BofA named Rocket Lab and Voyager Technologies as potential SpaceX alternatives, while the reported death of a BAC vice president in a Times Square stabbing is a tragic personnel event with no indicated material effect on the company’s financial outlook. BofA names 2 SpaceX alternatives with massive upside Bank of America vice president identified as victim
• Negative Sentiment: Berkshire Hathaway’s continued selling is an overhang: Reports that Berkshire has reduced its BAC position for eight consecutive quarters may reinforce profit-taking and create concern that a major long-term shareholder has become less bullish, despite BAC’s solid operating results. Warren Buffett’s Successor, Greg Abel, Started His Tenure With a Bang

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.

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