MGO One Seven LLC Has $7.05 Million Position in Bank of America Corporation $BAC

MGO One Seven LLC increased its stake in Bank of America Corporation (NYSE:BAC) by 34.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 136,609 shares of the financial services provider’s stock after acquiring an additional 35,217 shares during the period. MGO One Seven LLC’s holdings in Bank of America were worth $7,048,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BAC. Quaker Wealth Management LLC raised its position in shares of Bank of America by 246.5% during the second 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 last quarter. Nova Wealth Management Inc. boosted its holdings in Bank of America by 75.2% in the second quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 227 shares during the last quarter. Steph & Co. increased its position in Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares during the period. RMG Wealth Management LLC bought a new stake in Bank of America during the 2nd quarter worth about $28,000. Finally, Marquette Asset Management LLC bought a new stake in Bank of America during the 3rd quarter worth about $30,000. 70.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BAC. Wall Street Zen lowered shares of Bank of America from a “hold” rating to a “sell” rating in a research note on Monday, January 5th. Wolfe Research lowered shares of Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Piper Sandler lifted their target price on shares of Bank of America from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Royal Bank Of Canada upped their target price on shares of Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.82.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Large drop in short interest — Short interest fell ~21.2% to 90.6M shares as of Dec. 31 (about 1.2% of float), lowering the short-interest ratio to ~2.7 days. Fewer shorts can reduce downward pressure and is a bullish technical signal for BAC.
• Positive Sentiment: Bank of America research flags big AI-driven bond opportunity — BofA says AI-related bond issuance could reach ~$300B/year, suggesting upside for its institutional sales & trading and investment-banking fees. AI Bond Sales Could Hit $300 Billion a Year, Bank of America Says
• Positive Sentiment: BofA views AI as a multi-year valuation driver — Firm commentary on AI infrastructure and frontier models underscores BofA’s role advising clients and positions its research franchise as a commercial advantage. 10 AI Stocks Investors Are Watching Closely
• Positive Sentiment: Bullish public commentary — Jim Cramer called BAC’s valuation an “insult” to its CEO, signaling retail/TV-driven positivity that can lift short-term flows. Bank of America (BAC)’s Multiple is An Insult to Its CEO, Says Jim Cramer
• Neutral Sentiment: Analyst previews and forecasts ahead of Q4 — Wall Street previews show expectations for solid trading, stable net interest income and improved IB fees; a handful of forecast tweaks are circulating ahead of earnings, which will be the next catalyst. Bank of America Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: Sector-wide constructive backdrop — Analysts note banks enter earnings season on firmer footing (loan growth, capital markets momentum), which supports the group but leaves BAC exposed to macro/regulatory shocks. Can Bank Stocks Sustain Recent Momentum?
• Negative Sentiment: Policy risk — President Trump proposed a 10% cap on credit-card interest rates, triggering sector sell-offs as investors price in revenue and margin risk for card portfolios and potential tighter lending economics. Big Bank Stocks Tumbled After Trump Said This
• Negative Sentiment: Banks push back on the cap — Financial institutions, including large U.S. banks, warned the proposed cap would restrict access to credit for households and small businesses, but the political risk alone is pressuring BAC and peers. Banks warn consumers will be hurt by Trump’s 10% cap on credit card interest rates

Bank of America Price Performance

Shares of BAC stock opened at $55.16 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.12. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The firm has a fifty day moving average of $54.17 and a 200-day moving average of $51.09. The firm has a market capitalization of $402.82 billion, a price-to-earnings ratio of 15.03 and a beta of 1.29.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.13. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $27.05 billion. During the same period in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities research analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. Bank of America’s payout ratio is presently 30.52%.

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.