Bank of New York Mellon Corp Has $2.82 Billion Holdings in Bank of America Corporation $BAC

Bank of New York Mellon Corp decreased its holdings in Bank of America Corporation (NYSE:BAC) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 54,689,538 shares of the financial services provider’s stock after selling 1,290,863 shares during the quarter. Bank of New York Mellon Corp’s holdings in Bank of America were worth $2,821,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. raised its position in Bank of America by 1.4% in the 3rd quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock valued at $723,000 after buying an additional 192 shares during the last quarter. Albion Financial Group UT grew its stake in shares of Bank of America by 1.6% in the 3rd quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock worth $672,000 after acquiring an additional 205 shares in the last quarter. Motive Wealth Advisors raised its holdings in shares of Bank of America by 3.6% in the third quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 205 shares during the last quarter. Howard Financial Services LTD. lifted its position in shares of Bank of America by 2.5% during the third quarter. Howard Financial Services LTD. now owns 8,508 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 205 shares in the last quarter. Finally, Wynn Capital LLC boosted its holdings in Bank of America by 0.4% during the third quarter. Wynn Capital LLC now owns 47,063 shares of the financial services provider’s stock worth $2,428,000 after purchasing an additional 207 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

Trending Headlines about Bank of America

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

• Positive Sentiment: MarketBeat / analysis pieces argue BAC’s pullback has left it at an attractive, below‑market P/E and many sell‑side firms still see ~25%+ upside, supporting buying interest. Bank of America’s Rock-Bottom P/E and 25% Upside Potential
• Positive Sentiment: Goldman Sachs raised its price target on BAC to $67 and reiterated a Buy, a bullish signal that can drive demand. Goldman Sachs raises price target
• Positive Sentiment: Disclosure that Flutter Entertainment holds a major stake in Bank of America signals institutional buying/interest from an unexpected investor type, which can be supportive for the stock. Flutter Entertainment reveals major Bank of America stake
• Neutral Sentiment: Bank of America is hosting/anchoring conferences (e.g., Bank of America Securities Financial Services Conference) where firms present — normal industry activity that increases visibility but has limited immediate impact on BAC’s fundamentals. GCM Grosvenor to Present at the Bank of America Securities Financial Services Conference
• Neutral Sentiment: Analyst writeups (Zacks, TipRanks, Yahoo roundup) highlight BAC’s Q4 loan mix (commercial strength) and analyst target ranges — useful for investors but largely reiterative. What Are Wall Street Analysts’ Target Price for Bank of America Stock?
• Neutral Sentiment: BofA research calls (gold to $6,000, AI chip stock picks) keep the bank in headlines for macro/sector views; these are reputation/flows items but not direct drivers of BAC’s near‑term earnings. Bank Of America Calls For $6,000 Gold In 2026
• Negative Sentiment: Daiwa trimmed its price target from $66 to $62 (though it kept a Buy rating), a signal that some analysts are moderating estimates — can cap near‑term upside. Daiwa lowers price target
• Negative Sentiment: Regulatory risk: coverage about BAC evaluating new 10% credit‑card offerings and broader discussion of a proposed 10% cap on card APRs remain a material earnings risk for consumer‑finance income if enacted. Bank of America evaluates new credit cards with 10% rate
• Negative Sentiment: Recent pullback appears partly macro/driven (risk‑off/geopolitical headlines); that broader sentiment, not BAC fundamentals, has pressured the stock and could keep volatility high. BAC stock profile

Bank of America Stock Up 0.3%

BAC stock opened at $52.20 on Wednesday. The stock has a fifty day moving average of $54.08 and a 200-day moving average of $51.46. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The company has a market capitalization of $381.16 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 1.27 and a beta of 1.29. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, equities research analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup lifted their target price on shares of Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Wells Fargo & Company boosted their price objective on Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Royal Bank Of Canada raised their target price on Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Argus boosted their price target on shares of Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Finally, TD Cowen reduced their price target on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.00.

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.