Bank of America (NYSE:BAC) Shares Unloaded Rep. James A. Himes

Representative James A. Himes (Democratic-Connecticut) recently sold shares of Bank of America Corporation (NYSE:BAC). In a filing disclosed on July 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in Bank of America stock on July 20th. The trade occurred in the Representative’s “FIDELITY BROKERAGE” account.

Representative James A. Himes also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 7/20/2026.
• Sold $15,001 – $50,000 in shares of ExxonMobil (NYSE:XOM) on 7/20/2026.

Bank of America Price Performance

Shares of BAC stock opened at $61.68 on Thursday. The company has a market capitalization of $437.74 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17. The firm has a fifty day simple moving average of $55.94 and a 200-day simple moving average of $53.26. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. Bank of America Corporation has a twelve month low of $44.75 and a twelve month high of $62.12.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The business had revenue of $8.08 billion during the quarter, compared to analyst estimates of $30.78 billion. During the same period last year, the business earned $0.89 EPS. The business’s revenue was up 19.6% on a year-over-year basis. Equities research analysts anticipate that Bank of America Corporation will post 4.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the sale, the insider directly owned 1,373,397 shares of the company’s stock, valued at approximately $72,803,774.97. This represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bank of America

A number of hedge funds have recently bought and sold shares of the company. Abound Financial LLC acquired a new position in shares of Bank of America in the 4th quarter worth approximately $26,000. Wiser Advisor Group LLC bought a new position in Bank of America during the third quarter worth $27,000. Legacy Bridge LLC lifted its stake in Bank of America by 182.3% during the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 330 shares during the last quarter. CrossGen Wealth LLC acquired a new position in Bank of America in the fourth quarter worth $30,000. Finally, Joseph Group Capital Management acquired a new position in Bank of America in the fourth quarter worth $32,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Bank of America’s new BofA Rewards program is seeing strong early traction, with more than 3 million clients enrolled in the first seven weeks, suggesting improved customer engagement and potential deposit/relationship growth. 3 Million+ Clients Enroll in New BofA Rewards™ Program in First Seven Weeks
• Positive Sentiment: The bank also highlighted new generative AI upgrades to EricaAssist, which should help more than 18,000 customer service reps resolve client needs faster and improve service efficiency. Bank of America Enhances EricaAssist with Generative AI to Help Employees Resolve Client Needs Faster
• Positive Sentiment: Bank of America’s research desk remains active and influential, with bullish calls on sectors like semiconductors and chips reflecting continued market relevance and visibility for the franchise. 3 Semiconductor Stocks to Buy After the Selloff — Bank of America’s Picks
• Neutral Sentiment: Reports that Blackstone’s new private-markets funds will initially be available to Bank of America Merrill and private bank clients could modestly support the bank’s wealth-management relationship value, though the direct financial impact is still unclear. Blackstone Debuts Funds to Bring Private Markets to Main Street
• Neutral Sentiment: Several commentary pieces about inflation, Fed policy, and consumer health may affect expectations for Bank of America’s lending and trading businesses, but they are not direct company-specific catalysts. What Bank Earnings Just Revealed About the Health of the American Consumer
• Negative Sentiment: No major negative company-specific developments appeared in the latest batch of headlines, so today’s move looks more driven by positive operating updates and favorable business momentum than by any fresh downside catalyst.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BAC. Robert W. Baird lifted their target price on Bank of America from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price target on shares of Bank of America in a report on Tuesday, July 14th. Keefe, Bruyette & Woods raised their price objective on Bank of America from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Barclays lifted their price objective on Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, Daiwa Securities Group increased their target price on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Twenty-one analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.77.

About Representative Himes

Jim Himes (Democratic Party) is a member of the U.S. House, representing Connecticut’s 4th Congressional District. He assumed office on January 3, 2009. His current term ends on January 3, 2027.

Himes (Democratic Party) is running for re-election to the U.S. House to represent Connecticut’s 4th Congressional District. He declared candidacy for the 2026 election.

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.