Wealthfront Advisers LLC Acquires 20,182 Shares of Bank of America Corporation $BAC

Wealthfront Advisers LLC boosted its holdings in Bank of America Corporation (NYSE:BAC - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 935,801 shares of the financial services provider's stock after acquiring an additional 20,182 shares during the quarter. Wealthfront Advisers LLC's holdings in Bank of America were worth $51,469,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BAC. Samalin Investment Counsel LLC lifted its position in shares of Bank of America by 1.1% during the 4th quarter. Samalin Investment Counsel LLC now owns 72,387 shares of the financial services provider's stock worth $3,981,000 after buying an additional 754 shares in the last quarter. Torren Management LLC bought a new position in shares of Bank of America during the 4th quarter worth approximately $304,000. Rogco LP lifted its position in shares of Bank of America by 6.8% during the 4th quarter. Rogco LP now owns 22,578 shares of the financial services provider's stock worth $1,242,000 after buying an additional 1,435 shares in the last quarter. Ares Financial Consulting LLC bought a new position in shares of Bank of America during the 4th quarter worth approximately $81,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Bank of America by 6.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,277,054 shares of the financial services provider's stock worth $180,238,000 after buying an additional 204,266 shares in the last quarter. Institutional investors own 70.71% of the company's stock.

Bank of America News Roundup

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

• Positive Sentiment: Q1 earnings beat and revenue growth — BAC reported stronger-than-expected Q1 results (EPS $1.11 vs. $1.00 est.; revenue $30.27B vs. $29.72B), underscoring core margin and net interest benefits that support the stock's medium-term outlook.
• Positive Sentiment: Buy-rated among bank picks after Q1 — Sector-focused pieces are highlighting BAC as one of the investment-bank/top-bank names to buy after solid Q1 results and upbeat outlooks for capital markets and AI-driven efficiency gains. Buy These 3 Investment Bank Giants After Solid Q1 Earnings and Outlook
• Positive Sentiment: “Sleep like a baby” portfolio performance signal — Coverage noting that BofA’s flagship client portfolios are having exceptional returns this year boosts sentiment around the bank’s asset-gathering and wealth-management franchises. Bank of America's 'sleep like a baby' portfolio is having its best year since 1933
• Neutral Sentiment: Analyst activity at BofA Securities (broader franchise signals) — BofA analysts remain active on large-cap tech/defense/consumer names (e.g., NVDA, Lockheed, Wendy’s), which signals a healthy research franchise but is indirect for BAC equity performance. ‘Top Sector Pick’ as Nvidia (NVDA) Eyes Higher Cash Returns, Says BofA Analyst
• Neutral Sentiment: BofA research notes and trade ideas — Publications including a preferreds pair-trade idea and other notes highlight product-level opportunities for institutional clients; useful for franchise revenue but not an immediate mover for BAC stock. Bank of America Preferreds Pair Trade Idea
• Negative Sentiment: Short-term volatility and valuation pressure — Recent coverage highlights a modest pullback/short-term weakness after the post-earnings run, with commentators reassessing valuation (the stock has shown intraday/week declines amid volatility), which can cap near-term upside. A Look At Bank Of America (BAC) Valuation After Recent Share Price Swings
• Negative Sentiment: Macro/technical risk around rates and moving averages — Commentary notes BAC trading near key technical levels (50- and 200-day moving averages) and sensitivity to rate moves; adverse rate or market shifts could pressure earnings multiples and the stock.

Analyst Upgrades and Downgrades

BAC has been the topic of several recent analyst reports. Wolfe Research cut shares of Bank of America from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 7th. CICC Research initiated coverage on shares of Bank of America in a research report on Wednesday, January 14th. They set an "outperform" rating and a $62.00 target price on the stock. Robert W. Baird lifted their target price on shares of Bank of America from $56.00 to $58.00 and gave the stock a "neutral" rating in a research report on Thursday, April 16th. TD Cowen dropped their target price on shares of Bank of America from $66.00 to $64.00 and set a "buy" rating on the stock in a research report on Thursday, January 15th. Finally, Autonomous Res decreased their price target on shares of Bank of America from $62.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, April 6th. Twenty-two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $60.90.

Bank of America Stock Up 1.2%

Bank of America stock opened at $52.68 on Tuesday. Bank of America Corporation has a 1-year low of $38.81 and a 1-year high of $57.55. The firm has a market capitalization of $376.40 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 0.88 and a beta of 1.23. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.18. The firm has a 50 day simple moving average of $50.33 and a 200 day simple moving average of $52.38.

Bank of America (NYSE:BAC - Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.11. The firm had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. On average, analysts predict that Bank of America Corporation will post 4.45 earnings per share for the current year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, June 5th. Bank of America's payout ratio is 27.72%.

Insider Activity

In other news, insider James P. Demare sold 83,832 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the transaction, the insider directly owned 307,240 shares in the company, valued at $15,362,000. The trade was a 21.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas M. Scrivener sold 50,000 shares of the business's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the transaction, the insider owned 227,973 shares of the company's stock, valued at $11,357,614.86. This trade represents a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 227,832 shares of company stock worth $11,094,960 in the last three months. Corporate insiders own 0.27% of the company's stock.

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.

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