50,985 Shares in Bank of America Corporation $BAC Purchased by AlphaQuest LLC

AlphaQuest LLC bought a new stake in Bank of America Corporation (NYSE:BAC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,985 shares of the financial services provider’s stock, valued at approximately $2,630,000.

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

Key Stories Impacting Bank of America

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

• Positive Sentiment: CEO Brian Moynihan flagged India as a major growth engine and signaled the bank will push for profitable expansion there — a directional growth story that supports long‑term revenue upside if BofA deploys capital efficiently. BofA CEO Moynihan sees India as major growth engine
• Positive Sentiment: BofA expanded retail reach via new Trump-related accounts and an auto‑finance arrangement — moves that can boost deposits and loan originations, supporting net interest income and fee revenue. Bank Of America Extends Reach With Trump Accounts And Auto Finance Deal
• Neutral Sentiment: BofA named Lo Piccolo as country head (replacing Mattarella) — an operational leadership change for international business that is unlikely to move near‑term earnings but matters for execution abroad. Bank of America appoints Lo Piccolo as country head
• Neutral Sentiment: BofA made a $500,000 grant to FIND Regional Food Bank — positive for corporate social responsibility and local reputation but immaterial to fundamentals. BofA Awards $500,000 Grant to FIND Regional Food Bank
• Neutral Sentiment: BofA’s chief strategist warned the 30‑year Treasury yield approaching a critical level — commentary that can influence bond markets and the bank’s interest‑rate outlook; implications for margins depend on where long yields settle. Top Bank of America strategist says the long bond is nearing the key line in the sand
• Negative Sentiment: Daiwa Capital Markets lowered expectations for BAC’s share price — a direct analyst downgrade that can weigh on sentiment and short‑term flows. Daiwa Capital Markets Has Lowered Expectations for Bank of America
• Negative Sentiment: Policy risk: media and MarketBeat commentary note that the Trump administration’s proposed 10% cap on credit‑card interest rates is pressuring U.S. banks, including BofA, because it could materially reduce credit card yields and fee income if enacted. That regulatory uncertainty is a near‑term headwind for valuation. MarketBeat Week in Review / credit card cap discussion

Bank of America Trading Up 0.3%

BAC stock opened at $53.25 on Friday. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. The stock has a market cap of $388.86 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. The company has a fifty day moving average price of $54.15 and a two-hundred day moving average price of $51.52. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. Bank of America’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 EPS. Equities analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BAC shares. Evercore ISI set a $59.00 price target on Bank of America in a research report on Thursday, January 15th. Phillip Securities upped their price objective on Bank of America from $50.00 to $56.00 in a research note on Tuesday, October 21st. Wall Street Zen cut shares of Bank of America from a “hold” rating to a “sell” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. boosted their target price on shares of Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Finally, Erste Group Bank raised shares of Bank of America from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.