Samalin Investment Counsel LLC Raises Stock Holdings in Bank of America Corporation $BAC

Samalin Investment Counsel LLC raised its stake in shares of Bank of America Corporation (NYSE:BAC) by 156.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,633 shares of the financial services provider’s stock after purchasing an additional 43,750 shares during the quarter. Bank of America accounts for about 1.3% of Samalin Investment Counsel LLC’s holdings, making the stock its 12th biggest holding. Samalin Investment Counsel LLC’s holdings in Bank of America were worth $3,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several analysts have weighed in on BAC shares. Wolfe Research downgraded shares of Bank of America from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Argus boosted their target price on Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Hsbc Global Res upgraded Bank of America from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada raised their target price on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, Oppenheimer upped their price target on shares of Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.74.

Trending Headlines about Bank of America

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

• Positive Sentiment: Recent quarter beat and revenue strength support higher near-term earnings expectations; this underpins investor confidence in net income resilience and capital returns. BAC Earnings & Metrics
• Positive Sentiment: CEO Brian Moynihan says the U.S. economy may be stronger than consensus in 2026 (BofA sees ~2.8% GDP growth), which implies higher loan demand and better net interest income for banks. Bank of America CEO sees stronger 2026 economy
• Positive Sentiment: BofA announced a $1 billion stock award for nearly all non-executive employees (Sharing Success Program) — a signal of strong profitability and a shareholder-friendly culture (broad-based equity can aid retention and performance). BofA Awards $1 Billion in Stock
• Positive Sentiment: Sector commentary suggests bank stocks could outperform in 2026 (higher growth and rate support); that narrative helps BAC relative valuation and investor interest in dividend/Income plays. Why Bank Stocks Could Surprise Investors in 2026
• Neutral Sentiment: Media pieces highlighting long-term BAC shareholder returns and comparisons with peers provide context but are unlikely to move the stock materially on their own. $1,000 Invested in BAC 10 Years Ago
• Neutral Sentiment: BofA research/analyst activity focused on other companies (e.g., TI, Moderna) reflects the bank’s brokerage arm views but doesn’t directly change BAC’s fundamentals. BofA Securities Ratings (TI example)
• Negative Sentiment: Management and public comments warn of a meaningful deposit flight risk (BofA cites up to $6T risk if customers chase high stablecoin yields) — this is a tangible funding/competitive risk that could pressure NIMs and deposit costs if realized. Bank Of America CEO Joins Chorus Against Stablecoin Yield

Bank of America Stock Down 1.7%

Shares of Bank of America stock opened at $52.09 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The company has a market cap of $380.37 billion, a P/E ratio of 13.60 and a beta of 1.29. The company’s fifty day simple moving average is $54.13 and its two-hundred day simple moving average is $51.29.

Bank of America (NYSE:BAC) last announced 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 net margin of 16.23% and a return on equity of 11.07%. The firm had revenue of $28.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Research analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 5th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. Bank of America’s dividend payout ratio is currently 29.24%.

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.