National Pension Service Purchases 366,102 Shares of Bank of America Corporation $BAC

National Pension Service grew its position in shares of Bank of America Corporation (NYSE:BAC) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,878,478 shares of the financial services provider’s stock after buying an additional 366,102 shares during the period. Bank of America makes up 0.6% of National Pension Service’s holdings, making the stock its 29th biggest position. National Pension Service owned 0.19% of Bank of America worth $715,991,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BAC. Quaker Wealth Management LLC increased its stake in shares of Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after buying an additional 880 shares during the period. RMG Wealth Management LLC acquired a new stake in Bank of America in the second quarter worth $28,000. Steph & Co. boosted its holdings in Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 379 shares in the last quarter. CGC Financial Services LLC lifted its stake in shares of Bank of America by 585.4% in the second quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock valued at $29,000 after buying an additional 521 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new position in Bank of America during the 3rd quarter valued at about $30,000. 70.71% of the stock is owned by institutional investors.

Bank of America Price Performance

Shares of BAC opened at $53.25 on Friday. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The firm has a market cap of $388.86 billion, a PE ratio of 13.90, a P/E/G ratio of 1.30 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $54.15 and a two-hundred day simple moving average of $51.52.

Bank of America (NYSE:BAC) last issued its quarterly earnings results 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. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, equities analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America News Summary

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

• Positive Sentiment: CEO Brian Moynihan flagged India as a major growth engine and signaled the bank will push for profitable expansion there — a directional growth story that supports long‑term revenue upside if BofA deploys capital efficiently. BofA CEO Moynihan sees India as major growth engine
• Positive Sentiment: BofA expanded retail reach via new Trump-related accounts and an auto‑finance arrangement — moves that can boost deposits and loan originations, supporting net interest income and fee revenue. Bank Of America Extends Reach With Trump Accounts And Auto Finance Deal
• Neutral Sentiment: BofA named Lo Piccolo as country head (replacing Mattarella) — an operational leadership change for international business that is unlikely to move near‑term earnings but matters for execution abroad. Bank of America appoints Lo Piccolo as country head
• Neutral Sentiment: BofA made a $500,000 grant to FIND Regional Food Bank — positive for corporate social responsibility and local reputation but immaterial to fundamentals. BofA Awards $500,000 Grant to FIND Regional Food Bank
• Neutral Sentiment: BofA’s chief strategist warned the 30‑year Treasury yield approaching a critical level — commentary that can influence bond markets and the bank’s interest‑rate outlook; implications for margins depend on where long yields settle. Top Bank of America strategist says the long bond is nearing the key line in the sand
• Negative Sentiment: Daiwa Capital Markets lowered expectations for BAC’s share price — a direct analyst downgrade that can weigh on sentiment and short‑term flows. Daiwa Capital Markets Has Lowered Expectations for Bank of America
• Negative Sentiment: Policy risk: media and MarketBeat commentary note that the Trump administration’s proposed 10% cap on credit‑card interest rates is pressuring U.S. banks, including BofA, because it could materially reduce credit card yields and fee income if enacted. That regulatory uncertainty is a near‑term headwind for valuation. MarketBeat Week in Review / credit card cap discussion

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. The Goldman Sachs Group raised their price objective on shares of Bank of America from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Wall Street Zen downgraded shares of Bank of America from a “hold” rating to a “sell” rating in a research note on Monday, January 5th. Oppenheimer boosted their target price on Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Finally, Robert W. Baird boosted their target price on Bank of America from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Bank of America currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Bank of America Company 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.