11,750 Shares in Bank of America Corporation $BAC Purchased by MRP Capital Investments LLC

MRP Capital Investments LLC acquired a new stake in shares of Bank of America Corporation (NYSE:BAC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,750 shares of the financial services provider’s stock, valued at approximately $556,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors increased its holdings in shares of Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after purchasing an additional 14,275,810 shares during the period. Norges Bank acquired a new stake in shares of Bank of America during the second quarter worth $5,091,641,000. Fisher Asset Management LLC lifted its holdings in shares of Bank of America by 2.5% during the third quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider’s stock worth $2,717,657,000 after purchasing an additional 1,272,315 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Bank of America by 640.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock valued at $2,399,798,000 after buying an additional 40,235,201 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Bank of America by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 43,924,104 shares of the financial services provider’s stock valued at $2,266,045,000 after buying an additional 1,458,551 shares during the period. 70.71% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America raised its hyperscaler debt forecast — more large tech bond issuance (e.g., Amazon’s $54B deal) could lift investment‑banking and markets fees. BofA Lifts Hyperscaler Debt Forecast
• Positive Sentiment: BofA updated oil/energy views after a supply shock — the bank now expects higher Brent prices for 2026, which can boost corporate activity and trading revenue tied to energy clients. Oil shock lifts BofA outlook on US energy
• Positive Sentiment: Digital experience strength — Keynova’s Q1 mobile scorecard ties Bank of America for the No.1 mobile app, supporting its consumer franchise and deposit retention. Banks Strengthen Mobile Account Opening
• Positive Sentiment: Management outreach: BAC presented at the RBC conference emphasizing strategic priorities and a constructive outlook — useful for investors assessing guidance and capital deployment. BAC Presents at RBC Conference
• Neutral Sentiment: BofA research remains bullish on Nvidia and is recommending buying NVDA on dips — positive for BofA’s research reputation and potential trading flows but not a direct driver of BAC operating results. BofA Still Loves Nvidia
• Neutral Sentiment: BofA flagged opportunities amid private‑credit turmoil (Ares saw gains after the note) — the commentary highlights both risk monitoring and potential asset‑management opportunities. Ares Stock Pops
• Neutral Sentiment: BofA disclosed voting‑stake movement in Galapagos (fell below 5%) — a regulatory/holding update with limited direct impact on BAC’s core business. Galapagos Discloses BofA Stake Drop
• Negative Sentiment: Sector weakness: multiple outlets note bank stocks (including BAC) sliding as private‑credit worries act as a canary for broader credit stress — this is a direct driver of today’s share weakness. Bank Stocks Are the Canary
• Negative Sentiment: Epstein settlement focus raises governance and valuation scrutiny — any legal/settlement headlines increase investor caution around reputational and governance risks. Epstein Settlement Puts BofA Valuation And Governance In Focus
• Negative Sentiment: Executive movement: Elavon named a new CEO who was recruited from Bank of America — the departure of a payments/merchant‑services leader is a small negative for continuity in that business line. Elavon Picks BofA Vet Wally Mlynarski

Bank of America Price Performance

Bank of America stock opened at $46.79 on Thursday. The company has a market cap of $335.78 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 1.15 and a beta of 1.28. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. The business has a fifty day moving average of $51.95 and a two-hundred day moving average of $52.40. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. As a group, analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BAC. Wall Street Zen raised shares of Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Piper Sandler raised their target price on shares of Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, January 27th. Erste Group Bank cut shares of Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Daiwa Securities Group reduced 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. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.30.

Insiders Place Their Bets

In other Bank of America news, insider James P. Demare sold 83,832 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the completion of the transaction, the insider directly owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. This trade represents a 21.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction that occurred 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 sale, the insider owned 227,973 shares of the company’s stock, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 227,832 shares of company stock worth $11,094,960. 0.30% of the stock is owned by company insiders.

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.