iA Global Asset Management Inc. Trims Stock Position in Bank of America Corporation $BAC

iA Global Asset Management Inc. lessened its holdings in Bank of America Corporation (NYSE:BAC) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 530,810 shares of the financial services provider’s stock after selling 52,770 shares during the period. iA Global Asset Management Inc.’s holdings in Bank of America were worth $27,384,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Bank of America by 30.0% in the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after buying an additional 25,143 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Bank of America by 40.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock valued at $1,013,000 after acquiring an additional 6,174 shares during the period. Signet Financial Management LLC increased its holdings in Bank of America by 0.3% in the 2nd quarter. Signet Financial Management LLC now owns 125,300 shares of the financial services provider’s stock worth $5,929,000 after acquiring an additional 357 shares in the last quarter. Postrock Partners LLC raised its stake in Bank of America by 4.9% during the 2nd quarter. Postrock Partners LLC now owns 9,721 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 450 shares during the period. Finally, Cassia Capital Partners LLC lifted its holdings in Bank of America by 4.0% during the second quarter. Cassia Capital Partners LLC now owns 23,998 shares of the financial services provider’s stock valued at $1,136,000 after purchasing an additional 917 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BAC. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Truist Financial cut their price target on Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Evercore ISI set a $59.00 price objective on Bank of America in a research report on Thursday, January 15th. The Goldman Sachs Group upped their price objective on Bank of America from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Finally, Phillip Securities lifted their target price on Bank of America from $50.00 to $56.00 in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.74.

Bank of America News Summary

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

• Positive Sentiment: Q4 fundamentals and last year’s performance remain a tailwind: analysts point to strong revenue growth and improving profitability that powered BAC’s rally into 2025. Article Title
• Positive Sentiment: Major brokerage support: Morgan Stanley remains bullish on BAC after strong Q4 results, which can underpin investor confidence and buying. Article Title
• Positive Sentiment: Macro/earnings backdrop is supportive: multiple industry notes (Zacks) show Q4 earnings estimates are being revised higher, a favorable environment for large banks including BAC. Article Title
• Neutral Sentiment: BofA research is active in tech and energy ideas (e.g., highlighting small-cap chip names tied to AI), showing the firm’s revenue/analyst franchise but with limited direct impact on BAC stock moves. Article Title
• Neutral Sentiment: Analyst activity from BofA Securities (e.g., upgrading Oklo and sector calls on semiconductors) signals the bank’s influential equity research but affects BAC indirectly. Article Title Article Title
• Negative Sentiment: Regulatory risk: CEO Brian Moynihan warned a proposed 10% credit-card rate cap would curb spending and tighten credit availability — any move toward strict caps could pressure card revenue. Article Title
• Negative Sentiment: Political/PR friction: reports that BofA (and peers) may consider 10% card offers to appease political pressure, and Moynihan’s exclusion from a Trump Davos reception, introduce headline risk and potential policy-driven business changes. Article Title Article Title
• Negative Sentiment: Short-term sentiment swings: options commentary mentions “Greenland-related fears” and other narrative-driven worries that can amplify stock volatility even if fundamentals remain intact. Article Title

Bank of America Trading Up 0.7%

Shares of BAC stock opened at $52.42 on Friday. 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 stock has a market capitalization of $382.80 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.29. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The stock’s 50-day moving average price is $54.08 and its 200-day moving average price is $51.31.

Bank of America (NYSE:BAC) last released 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. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business had revenue of $28.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America 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.