Smith Salley Wealth Management Has $7.30 Million Holdings in Bank of America Corporation $BAC

Smith Salley Wealth Management raised its stake in shares of Bank of America Corporation (NYSE:BAC) by 12.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 141,543 shares of the financial services provider’s stock after purchasing an additional 16,169 shares during the quarter. Smith Salley Wealth Management’s holdings in Bank of America were worth $7,302,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Quaker Wealth Management LLC lifted its position in shares of Bank of America by 246.5% in the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 880 shares during the period. Nova Wealth Management Inc. boosted its stake in Bank of America by 75.2% during the second quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock worth $25,000 after buying an additional 227 shares in the last quarter. Steph & Co. increased its holdings in Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after buying an additional 379 shares during the period. RMG Wealth Management LLC acquired a new position in shares of Bank of America in the 2nd quarter valued at $28,000. Finally, CGC Financial Services LLC lifted its holdings in shares of Bank of America by 585.4% during the 2nd quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 521 shares during the period. Institutional investors own 70.71% of the company’s stock.

Trending Headlines about 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%

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

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

Bank of America Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently issued reports on BAC. Keefe, Bruyette & Woods increased their price target on shares of Bank of America from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Erste Group Bank raised Bank of America from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. UBS Group boosted their price target on Bank of America from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Thursday, October 30th. Finally, Piper Sandler lifted their price objective on Bank of America from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.59.

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.