Bank of America Corporation $BAC Shares Purchased by GoalVest Advisory LLC

GoalVest Advisory LLC raised its position in Bank of America Corporation (NYSE:BAC) by 780.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,071 shares of the financial services provider’s stock after purchasing an additional 19,563 shares during the quarter. GoalVest Advisory LLC’s holdings in Bank of America were worth $1,214,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Riverview Capital Advisers LLC grew its stake in shares of Bank of America by 4.2% in the third quarter. Riverview Capital Advisers LLC now owns 4,686 shares of the financial services provider’s stock valued at $242,000 after buying an additional 188 shares in the last quarter. Shepherd Financial Partners LLC lifted its stake in Bank of America by 0.3% during the 3rd quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider’s stock worth $3,110,000 after acquiring an additional 189 shares in the last quarter. William B. Walkup & Associates Inc. boosted its holdings in Bank of America by 1.4% during the 3rd quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 192 shares during the period. Albion Financial Group UT boosted its holdings in Bank of America by 1.6% during the 3rd quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 205 shares during the period. Finally, Motive Wealth Advisors grew its position in Bank of America by 3.6% in the 3rd quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 205 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America News Summary

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

• Positive Sentiment: Digitization and AI initiatives at BAC are highlighted as revenue drivers — management’s push on digital interactions and AI cross‑selling is presented as unlocking fee income and supporting revenue growth beyond cost cuts, a direct positive for margins and investor confidence. Bank of America’s Digitization Initiatives Unlocking Revenue Growth
• Positive Sentiment: Consumer payment promotion with Visa: BofA launched a sweepstakes for Visa cardholders tied to the FIFA World Cup, a marketing push that can boost card activation, spend and interchange revenue in the near term. BofA Teams with Visa to Offer Cardholders a Chance to Win a Trip to the FIFA World Cup 2026™
• Positive Sentiment: Mobile banking competitive position: Third‑party scorecard shows Bank of America tied for best mobile app, which supports customer retention, deposit growth and fee opportunities. Banks Strengthen Mobile Account Opening and Debit Card Controls
• Neutral Sentiment: Quarterly reporting calendar set: BofA announced its 4Q26 and 2027 quarterly reporting dates — useful for investors planning earnings/event timing but not a direct earnings surprise. Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates
• Neutral Sentiment: Investor outreach: BAC presented at the RBC conference (investor presentation may clarify guidance/strategy but is already priced in unless new disclosures appear). Bank of America Corporation (BAC) Presents at RBC Conference, Here’s What You Need to Know
• Neutral Sentiment: BofA research activity: The firm continues active, bullish research coverage across tech names (e.g., Nvidia, TSM), which underscores BAC’s role as a major trading and underwriting franchise but is indirect for BAC’s own fundamentals. Nvidia Gets Fresh Boost As BofA Stays Bullish
• Negative Sentiment: Macroeconomic/inflation risk: The Fed left rates steady but flagged higher inflation, prompting analyst notes that bank earnings could be pressured near term — this broader macro signal is weighing on BAC and other bank stocks. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
• Negative Sentiment: Reputational/legal scrutiny: Coverage of an Epstein‑related settlement highlights governance and valuation questions tied to historic relationships and could keep scrutiny on BAC’s disclosures and potential liabilities. Epstein Settlement Puts Bank Of America Valuation And Governance In Focus
• Negative Sentiment: Sector risk from private credit concerns: Analysts flag stress in private credit and alternative asset managers as a reason for bank stock weakness; BAC could be impacted via capital markets and trading revenue volatility. Bank Stocks Are the Canary in the Recession Coal Mine. It’s Not Time to Worry—Yet

Insider Buying and Selling

In other news, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 227,973 shares in the company, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James P. Demare sold 83,832 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the transaction, the insider directly owned 307,240 shares in the company, valued at approximately $15,362,000. This represents a 21.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 227,832 shares of company stock worth $11,094,960 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Argus boosted their price target on shares of Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. CICC Research initiated coverage on shares of Bank of America in a report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price objective for the company. Wells Fargo & Company upped their target price on shares of Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. HSBC increased their target price on shares of Bank of America from $55.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, Wall Street Zen raised shares of Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Bank of America has an average rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Stock Performance

Shares of Bank of America stock opened at $46.99 on Friday. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. The business has a 50-day simple moving average of $51.77 and a 200-day simple moving average of $52.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $337.20 billion, a PE ratio of 12.27, a P/E/G ratio of 1.14 and a beta of 1.28.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors 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 annualized dividend and a yield of 2.4%. Bank of America’s dividend payout ratio is 29.24%.

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.