Howe & Rusling Inc. Sells 9,733 Shares of Bank of America Corporation $BAC

Howe & Rusling Inc. lowered its holdings in shares of Bank of America Corporation (NYSE:BAC) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 239,301 shares of the financial services provider’s stock after selling 9,733 shares during the period. Howe & Rusling Inc.’s holdings in Bank of America were worth $12,346,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quaker Wealth Management LLC increased its position in Bank of America by 246.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 880 shares during the period. RMG Wealth Management LLC bought a new stake in shares of Bank of America in the 2nd quarter valued at $28,000. Steph & Co. increased its position in shares of Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after buying an additional 379 shares during the period. CGC Financial Services LLC raised its stake in Bank of America by 585.4% during the second quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock worth $29,000 after buying an additional 521 shares during the last quarter. Finally, Marquette Asset Management LLC bought a new position in Bank of America during the third quarter worth $30,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

BAC has been the topic of a number of research analyst reports. Citigroup upped their price target on shares of Bank of America from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. CICC Research initiated coverage on Bank of America in a research report on Wednesday, January 14th. They set an “outperform” rating and a $62.00 target price on the stock. Morgan Stanley decreased their target price on Bank of America from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Truist Financial dropped their price target on Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Finally, Evercore ISI set a $59.00 price objective on shares of Bank of America in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Bank of America News Roundup

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

• Positive Sentiment: Board declared a regular quarterly cash dividend of $0.28/share (payable March 27; record/ex‑dividend dates in March). A steady dividend and clear payout schedule attract income-focused investors and can support the share price. Bank of America Declares First Quarter 2026 Stock Dividends
• Neutral Sentiment: Bank of America’s Credit Investor Survey flagged AI/tech valuation risk (30% see an AI-stock correction as the likeliest credit catalyst), implying potential sector rotation that could funnel money into financials — a tailwind for banks if it continues. Analysts Love These 3 Stocks Trading Near 52-Week Lows—Here’s Why
• Neutral Sentiment: A Bank of America analyst argued that the recent indiscriminate chip/software selloff over Nvidia is overdone — commentary that may reduce tech-contagion fears but has an uncertain near-term impact on BAC shares. Nvidia’s stock gets swept up in software selloff, but this analyst says that makes no sense
• Neutral Sentiment: BofA raised its near‑term India rupee forecast after a U.S.–India trade deal — a sign of active macro/FX research from the bank but only an indirect influence on BAC equity. BofA lifts near‑term rupee forecast by 2% to 88.60–89 after US trade deal
• Negative Sentiment: BofA’s Chief Investment Strategist Michael Hartnett warned of a possible “sell signal” for global stocks — a cautious market tone that can pressure bank stocks if risk‑off flows intensify. BoA Strategist Just Warned of Sell Signal in Stocks
• Negative Sentiment: Analysts trimmed BAC price targets and flagged adjusted provisioning and a pause in buybacks — direct analyst downgrades/target cuts put downward pressure on the stock and explain some intraday volatility. Analysts Cut Bank of America (BAC) Price Targets Amid Adjusted Provisions and Buyback Pause

Bank of America Price Performance

Shares of NYSE:BAC opened at $55.38 on Thursday. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55. The stock’s 50 day moving average is $54.29 and its 200-day moving average is $51.72. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $404.41 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.33 and a beta of 1.29.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS 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 business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the previous year, the business posted $0.82 EPS. Bank of America’s quarterly revenue was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, March 6th. 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.