International Assets Investment Management LLC Has $4.98 Million Stock Holdings in Bank of America Corporation $BAC

International Assets Investment Management LLC reduced its position in shares of Bank of America Corporation (NYSE:BAC) by 59.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,322 shares of the financial services provider’s stock after selling 150,000 shares during the period. International Assets Investment Management LLC’s holdings in Bank of America were worth $4,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BAC. Norges Bank bought a new stake in Bank of America during the 2nd quarter worth approximately $5,091,641,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bank of America by 124.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock worth $833,771,000 after purchasing an additional 9,782,208 shares during the period. ABN AMRO Bank N.V. bought a new stake in shares of Bank of America in the second quarter worth $202,439,000. OMERS ADMINISTRATION Corp grew its stake in shares of Bank of America by 881.5% in the second quarter. OMERS ADMINISTRATION Corp now owns 4,210,388 shares of the financial services provider’s stock worth $199,236,000 after purchasing an additional 3,781,417 shares during the last quarter. Finally, AMF Tjanstepension AB increased its holdings in Bank of America by 62.9% in the second quarter. AMF Tjanstepension AB now owns 8,904,561 shares of the financial services provider’s stock valued at $421,564,000 after purchasing an additional 3,438,876 shares during the period. Institutional investors own 70.71% of the company’s stock.

Bank of America Price Performance

Bank of America stock opened at $51.75 on Friday. The stock has a market capitalization of $377.87 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.26 and a beta of 1.29. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. 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 stock’s 50 day moving average price is $54.06 and its two-hundred day moving average price is $51.36.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share 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 company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the previous year, the business posted $0.82 EPS. Bank of America’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current year.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Morgan Stanley and other bullish takes following BAC’s solid Q4 results reinforce earnings momentum and analyst support; this underpins investor confidence in BAC’s core earnings and capital outlook. Morgan Stanley remains bullish on Bank of America (BAC) following strong Q4 results
• Positive Sentiment: Broad earnings‑season commentary (Zacks and others) showing rising estimates and a favorable Q4 backdrop supports BAC’s forward EPS outlook and valuation multiples. Earnings Estimates Keep Increasing: A Closer Look
• Positive Sentiment: BofA’s $1B “sharing success”/employee‑owner initiative is getting coverage; such programs can help retention and align employee incentives, modestly supportive for execution and cost control over time. Did BAC’s US$1 Billion Sharing Success Plan Just Recast Bank of America’s Employee-Owner Model?
• Neutral Sentiment: BofA research/commentary (MarketWatch piece) promoting international stocks, EM and gold versus bonds highlights the firm’s market views but is unlikely to move BAC shares materially. Now is not the time to own bonds, says Bank of America. These are safer bets.
• Neutral Sentiment: BofA analysts remain active in coverage (example: upgrade of Oklo shows BofA’s analyst influence) — helpful for reputation but indirect for the stock. Oklo Stock Rises as Meta Deal Triggers Bank of America Upgrade
• Negative Sentiment: Multiple reports say BofA is considering offering credit cards at a proposed 10% cap (and CEO Moynihan warned a cap would curb spending). The story raises regulatory and margin‑pressure concerns for card balances and interest income — a key driver for bank profitability. Bank of America, Citi consider new credit cards with 10% rate – report
• Negative Sentiment: Additional coverage (Bloomberg/PYMNTS/NYPost/Blockonomi) on the 10% card idea and Moynihan’s comments increases the chance investors re‑price BAC to reflect regulatory risk to card yields and consumer‑credit availability. Bank of America and Citi Consider Offering Credit Cards With 10% Interest Rate

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. CICC Research initiated coverage on Bank of America in a report on Wednesday, January 14th. They set an “outperform” rating and a $62.00 target price on the stock. Barclays lifted their price objective on Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. HSBC upgraded Bank of America from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, January 7th. The Goldman Sachs Group boosted their price target on shares of Bank of America from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Wall Street Zen cut shares of Bank of America from a “hold” rating to a “sell” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.74.

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.