J. Safra Sarasin Holding AG Sells 22,100 Shares of Bank of America Corporation $BAC

J. Safra Sarasin Holding AG cut its stake in shares of Bank of America Corporation (NYSE:BAC) by 57.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,555 shares of the financial services provider’s stock after selling 22,100 shares during the period. J. Safra Sarasin Holding AG’s holdings in Bank of America were worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its holdings in Bank of America by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 148,176,755 shares of the financial services provider’s stock valued at $6,982,863,000 after buying an additional 403,652 shares during the period. Norges Bank bought a new position in Bank of America during the second quarter valued at $5,091,641,000. Fisher Asset Management LLC increased its position in Bank of America by 5.2% during the second quarter. Fisher Asset Management LLC now owns 51,405,673 shares of the financial services provider’s stock valued at $2,432,516,000 after acquiring an additional 2,557,943 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Bank of America by 124.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after acquiring an additional 9,782,208 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Bank of America by 5.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,438,466 shares of the financial services provider’s stock worth $899,650,000 after acquiring an additional 875,514 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

Bank of America Stock Down 0.7%

Shares of NYSE BAC opened at $51.82 on Thursday. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. The firm has a market capitalization of $378.44 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.27 and a beta of 1.29. The stock has a 50 day moving average price of $54.08 and a 200 day moving average price of $51.47. 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 issued its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share 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 during the quarter, compared to analyst estimates of $27.73 billion. During the same period in the previous year, the company posted $0.82 EPS. Bank of America’s revenue was up 12.3% on a year-over-year basis. Sell-side analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current year.

Trending Headlines about Bank of America

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

• Positive Sentiment: MarketBeat highlights BAC’s low P/E and multiple analyst buy calls pointing to roughly 20–25% upside, arguing the recent pullback looks macro-driven and that the stock’s valuation is increasingly attractive to buy‑the‑dip investors. Read More.
• Positive Sentiment: Short interest fell materially in January (about a 12.4% drop vs. Dec), leaving a low short-float (~1.1%) and a short-interest ratio ~1.8 days — less short pressure can reduce downside volatility and supports mean reversion.
• Positive Sentiment: BofA disclosed an increased stake in Flutter Entertainment, signaling active capital deployment and potential upside from strategic investments outside core banking operations. Read More.
• Neutral Sentiment: BofA will match a U.S. government pilot $1,000 contribution to “Trump Accounts” for eligible employees per an internal memo — an HR/benefits item with limited direct financial impact but potential reputational consideration. Read More.
• Neutral Sentiment: BofA research remains active (notes on Meta, Seagate, AI supply chain names). Analyst activity supports trading flow but these are research calls rather than company fundamentals. Read More.
• Negative Sentiment: Some analysts trimmed near-term price targets while keeping bullish ratings — headlines saying targets were cut (even modestly) can sap momentum and justify short-term selling. Read More.
• Negative Sentiment: BofA’s own Bull & Bear Indicator flashed a “hyper‑bull” reading (per the fund manager survey); historically that signal has preceded market corrections, which raises macro risk for cyclical names like banks. Read More.

Wall Street Analyst Weigh In

Several brokerages recently commented on BAC. Truist Financial cut their price target on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Citigroup boosted their target price on Bank of America from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. TD Cowen reduced their price target on Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Erste Group Bank upgraded Bank of America from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Royal Bank Of Canada upped their price objective on Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.