Permanent Capital Management LP Takes $649,000 Position in Bank of America Corporation $BAC

Permanent Capital Management LP bought a new position in Bank of America Corporation (NYSE:BAC) during the 3rd quarter, Holdings Channel.com reports. The firm bought 12,575 shares of the financial services provider’s stock, valued at approximately $649,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Common Asset Management LLC boosted its holdings in shares of Bank of America by 10.5% during the second 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 during the period. Disciplined Investments LLC bought a new position in Bank of America during the 2nd quarter valued at approximately $217,000. Sunbeam Capital Management LLC lifted its holdings in Bank of America by 7.3% in the 2nd quarter. Sunbeam Capital Management LLC now owns 6,476 shares of the financial services provider’s stock worth $306,000 after buying an additional 439 shares during the period. CCG Wealth Management LLC bought a new stake in shares of Bank of America in the 2nd quarter worth approximately $287,000. Finally, Community Financial Services Group LLC increased its stake in shares of Bank of America by 3.5% during the second quarter. Community Financial Services Group LLC now owns 169,057 shares of the financial services provider’s stock valued at $8,000,000 after buying an additional 5,787 shares during the period. 70.71% of the stock is currently owned by institutional investors.

Bank of America Stock Down 0.1%

Shares of Bank of America stock opened at $56.20 on Monday. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $56.55. The firm has a market cap of $410.36 billion, a price-to-earnings ratio of 15.31 and a beta of 1.30. The company has a 50-day moving average of $53.45 and a 200 day moving average of $50.30. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $27.05 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, December 5th. Bank of America’s dividend payout ratio (DPR) is 30.52%.

Bank of America News Roundup

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

• Positive Sentiment: CEO Brian Moynihan told reporters he expects the administration to begin de‑escalating tariffs next year, calling the move from a 10% to 15% rate a limited broad impact — a view that reduces macro uncertainty for corporate clients and trading volumes tied to cross‑border activity. Bank of America’s Moynihan sees Trump’s tariffs starting to de-escalate Bank of America’s Moynihan Sees Trump’s Tariffs Starting to De-Escalate
• Positive Sentiment: Analyst sentiment and price‑target coverage is supportive: Bank of America received upgrades and a consensus “Moderate Buy” from some analyst aggregators, and several price‑forecast pieces project continued upside based on 2025 performance and market share tailwinds. These endorsements can bolster investor confidence and buying interest. Bank of America Corporation (NYSE:BAC) Receives Consensus Recommendation of “Moderate Buy” from Analysts Bank of America (NYSE: BAC) Stock Price Prediction and Forecast 2026-2030 (January 2026)
• Neutral Sentiment: BofA’s research activity is visible in markets: BofA Securities began coverage of América Móvil and BofA strategists are publicly commenting on macro themes (e.g., gold’s rally). These items highlight research/revenue lines but don’t directly move BAC’s core banking fundamentals. América Móvil (AMX) Benefits From Latin America Telecom Pricing Power 13 Best Gold Mining Companies to Invest In Now
• Neutral Sentiment: Market activity signals: unusual options volume has been reported around BAC, which can amplify short‑term volatility but doesn’t indicate a directional fundamental change. Traders should watch option flows for conviction. Bank of America Unusual Options Activity
• Neutral Sentiment: Retail and analyst writeups (Fool, Yahoo) reassess BAC as a buy/hold/hold candidate for 2026; these pieces reiterate BAC’s diversified consumer and investment services franchises but are not new catalysts. Is Bank of America Stock a Buy, Sell, or Hold in 2026? Is Bank of America Stock a Buy, Sell, or Hold in 2026?
• Negative Sentiment: Valuation caution: a Seeking Alpha deep‑dive warns that while BofA is “running well,” much of its progress is already priced into the stock, suggesting limited upside and raising the bar for future beats. That perspective can cap enthusiasm among value‑conscious investors. Bank Of America Is Running Well, But The Stock Is Priced For It

Analysts Set New Price Targets

A number of brokerages recently commented on BAC. The Goldman Sachs Group dropped their price target on Bank of America from $60.00 to $58.00 and set a “buy” rating for the company in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Phillip Securities lifted their target price on shares of Bank of America from $50.00 to $56.00 in a research note on Tuesday, October 21st. Erste Group Bank raised shares of Bank of America from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Bank of America from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Twenty-three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and an average price target of $58.59.

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.