Envestnet Portfolio Solutions Inc. Grows Stock Holdings in Bank of America Corporation $BAC

Envestnet Portfolio Solutions Inc. lifted its holdings in Bank of America Corporation (NYSE:BAC) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 476,764 shares of the financial services provider’s stock after acquiring an additional 14,583 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Bank of America were worth $24,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BAC. Permanent Capital Management LP purchased a new stake in shares of Bank of America during the third quarter valued at approximately $649,000. Boston Common Asset Management LLC boosted its stake in shares of Bank of America by 10.5% in the second quarter. Boston Common Asset Management LLC now owns 259,680 shares of the financial services provider’s stock valued at $12,288,000 after purchasing an additional 24,740 shares during the period. Disciplined Investments LLC acquired a new stake in Bank of America during the 2nd quarter valued at $217,000. Sunbeam Capital Management LLC increased its stake in Bank of America by 7.3% during the 2nd quarter. Sunbeam Capital Management LLC now owns 6,476 shares of the financial services provider’s stock worth $306,000 after buying an additional 439 shares during the period. Finally, CCG Wealth Management LLC acquired a new position in Bank of America in the 2nd quarter worth $287,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Price Performance

Shares of BAC opened at $52.42 on Friday. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. 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 firm has a market cap of $382.80 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.27 and a beta of 1.29. The stock has a 50 day moving average of $54.08 and a 200-day moving average of $51.31.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $28.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, analysts forecast that Bank of America Corporation will post 3.7 EPS for the current year.

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

Wall Street Analyst Weigh In

BAC has been the subject of several recent analyst reports. TD Cowen lowered their target price on Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Barclays increased their price target on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Argus lifted their price objective on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Ameriprise Financial raised Bank of America to a “buy” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company raised their price target on shares of Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three 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 price target of $59.74.

About Bank of America

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.