Nordea Investment Management AB Buys 386,279 Shares of Bank of America Corporation $BAC

Nordea Investment Management AB grew its stake in Bank of America Corporation (NYSE:BAC) by 22.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,136,255 shares of the financial services provider’s stock after buying an additional 386,279 shares during the period. Nordea Investment Management AB’s holdings in Bank of America were worth $109,793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BAC. Permanent Capital Management LP purchased a new position in Bank of America during the third quarter valued at $649,000. Boston Common Asset Management LLC lifted its stake in Bank of America by 10.5% in the 2nd quarter. Boston Common Asset Management LLC now owns 259,680 shares of the financial services provider’s stock worth $12,288,000 after purchasing an additional 24,740 shares in the last quarter. Disciplined Investments LLC bought a new position in shares of Bank of America during the 2nd quarter valued at about $217,000. Sunbeam Capital Management LLC grew its position in shares of Bank of America by 7.3% during the second quarter. Sunbeam Capital Management LLC now owns 6,476 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 439 shares in the last quarter. Finally, CCG Wealth Management LLC purchased a new position in shares of Bank of America during the second quarter valued at about $287,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Price Performance

Shares of Bank of America stock opened at $54.47 on Wednesday. The stock has a market cap of $397.80 billion, a price-to-earnings ratio of 14.84 and a beta of 1.29. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a 50 day moving average price of $54.19 and a 200-day moving average price of $51.14. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $27.05 billion. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.Bank of America’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. Equities analysts expect that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 5th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, December 5th. Bank of America’s dividend payout ratio (DPR) is 30.52%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Wells Fargo & Company lifted their price objective on Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Phillip Securities upped their price objective on Bank of America from $50.00 to $56.00 in a report on Tuesday, October 21st. Evercore ISI raised their target price on shares of Bank of America from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, TD Cowen boosted their price target on shares of Bank of America from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Bank of America has an average rating of “Moderate Buy” and a consensus price target of $59.82.

Key Bank of America News

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

• Positive Sentiment: Zacks highlights BAC’s history of earnings surprises and argues the bank has the key drivers (trading/markets strength, stable net interest income) to again beat consensus in the upcoming quarter. Why Bank of America (BAC) Could Beat Earnings Estimates Again
• Positive Sentiment: Short interest in BAC dropped materially in December (about a 21% decline vs mid‑December), reducing a potential short‑squeeze overhang and signaling fewer bearish positions against the stock. (Internal short‑interest report)
• Positive Sentiment: Bank of America research argues AI-driven bond issuance could create a major capital‑markets opportunity (WSJ: “AI bond sales could hit $300B a year”), which would support IB fee revenue if BofA captures market share. AI Bond Sales Could Hit $300 Billion a Year, Bank of America Says
• Positive Sentiment: Media coverage (Jim Cramer commentary) portrays BAC’s valuation as conservative versus fundamentals, supporting a narrative that upside exists if execution continues. Bank of America (BAC)’s Multiple is An Insult to Its CEO, Says Jim Cramer
• Neutral Sentiment: Analysts and outlets are positioning ahead of BAC’s Q4 print — some small forecast adjustments and preview pieces highlight trading strength and stable NII but await management guidance for 2026. This keeps volatility around the print likely but doesn’t move fundamentals yet. Bank of America Gears Up For Q4 Print; Here Are The Recent Forecast Changes
• Neutral Sentiment: Industry pieces note U.S. banks entered the earnings season on firmer footing after 2025 — a supportive macro backdrop that reduces tail‑risk but still leaves company-specific execution as the main driver. Banks Enter Earnings Season on Firmer Footing, Though Risks Linger
• Negative Sentiment: Political headlines from former President Trump proposing a 10% cap on credit‑card APRs triggered a sectorwide selloff; Reuters reports banks are warning such a cap would shrink credit access and hurt margins — a direct revenue risk for BAC’s consumer card business. Banks warn consumers will be hurt by Trump’s 10% cap on credit card interest rates
• Negative Sentiment: Coverage (Investopedia and others) shows bank stocks tumbling on the regulatory headlines and investor uncertainty, which likely explains much of BAC’s down move today despite company‑specific positives. Big Bank Stocks Tumbled After Trump Said This

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.