Allspring Global Investments Holdings LLC Sells 25,541 Shares of Bank of America Corporation $BAC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Bank of America Corporation (NYSE:BAC) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,982,850 shares of the financial services provider’s stock after selling 25,541 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Bank of America were worth $151,171,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BAC. Brighton Jones LLC lifted its holdings in shares of Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after acquiring an additional 25,143 shares during the period. 1248 Management LLC acquired a new stake in shares of Bank of America during the 1st quarter worth about $50,000. First Manhattan CO. LLC. lifted its holdings in Bank of America by 34.7% during the 1st quarter. First Manhattan CO. LLC. now owns 145,807 shares of the financial services provider’s stock valued at $6,085,000 after purchasing an additional 37,593 shares during the last quarter. Unisphere Establishment boosted its position in Bank of America by 1,642.5% in the first quarter. Unisphere Establishment now owns 4,195,000 shares of the financial services provider’s stock valued at $175,057,000 after buying an additional 3,954,250 shares in the last quarter. Finally, Paragon Private Wealth Management LLC bought a new stake in Bank of America during the first quarter worth about $245,000. 70.71% of the stock is currently owned by institutional investors.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Keefe Bruyette raised its price target on BAC to $64 and maintained an Outperform rating after meetings with management — a direct analyst upgrade that supports upside expectations. Bank of America (BAC) Estimates Refreshed After Keefe Bruyette Review
• Positive Sentiment: CEO Brian Moynihan publicly expects U.S. tariff pressure to cool in 2026, which would reduce trade‑related uncertainty for corporate clients and could support loan growth and market confidence for big banks. De-escalation, not escalation: Bank of America CEO sees tariff pressure cooling in 2026
• Positive Sentiment: MarketBeat highlights BAC as a finance stock positioned to “monetize either side of the rate cycle,” noting tech/AI investments and a diversified franchise — a reminder of structural strengths that underpin medium‑term earnings and dividend capacity. Will the Fed Cut or Pause? These Finance Stocks Can Win Either Way
• Neutral Sentiment: Zacks flags rising U.S. consumer credit stress as a sector headwind but lists BAC among three banks with liquidity and improving asset quality — a mixed signal: BAC looks relatively stable, but consumer credit trends remain a risk to loan performance. US Consumer Credit Stress Rises: 3 Bank Stocks to Watch for Stability
• Neutral Sentiment: Bank of America’s Aditya Bhave (economics) and broader TV segments (Fast Money, panel pieces on big banks) are discussing 2026 macro outlooks and the strong 2025 rebound in big banks — useful for sentiment but not single‑driver news; these segments can influence short‑term flows depending on the tone. Bank of America’s Aditya Bhave shares his 2026 economic outlook Fast Money traders talk the state of the Big Bank sector heading into 2026 Big Bank Stocks Come Roaring Back in 2025

Bank of America Trading Down 0.2%

NYSE:BAC opened at $55.25 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $56.54. The firm has a market capitalization of $403.45 billion, a price-to-earnings ratio of 15.05 and a beta of 1.30. The business’s 50-day moving average price is $53.59 and its two-hundred day moving average price is $50.45.

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

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were issued a $0.28 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.12 annualized dividend and a yield of 2.0%. Bank of America’s dividend payout ratio (DPR) is 30.52%.

Wall Street Analysts Forecast Growth

BAC has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Keefe, Bruyette & Woods boosted their price objective on Bank of America from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Erste Group Bank upgraded Bank of America from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Thursday, October 30th. Finally, Argus increased their price objective on shares of Bank of America from $53.00 to $58.00 in a report on Friday, October 17th. Twenty-three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.59.

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.