Nippon Life Global Investors Americas Inc. Increases Position in Bank of America Corporation $BAC

Nippon Life Global Investors Americas Inc. grew its holdings in Bank of America Corporation (NYSE:BAC) by 987.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846,280 shares of the financial services provider’s stock after purchasing an additional 768,460 shares during the quarter. Bank of America comprises approximately 1.8% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 16th largest holding. Nippon Life Global Investors Americas Inc.’s holdings in Bank of America were worth $43,660,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Quaker Wealth Management LLC boosted its position in shares of Bank of America by 246.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 880 shares during the last quarter. Steph & Co. raised its stake in Bank of America by 224.3% during 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 acquired a new position in Bank of America in the 2nd quarter valued at about $28,000. Marquette Asset Management LLC purchased a new stake in shares of Bank of America in the 3rd quarter valued at approximately $30,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Bank of America during the 3rd quarter worth approximately $31,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BAC. Deutsche Bank Aktiengesellschaft increased their price objective on Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada increased their price target on Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Cowen restated a “buy” rating on shares of Bank of America in a report on Wednesday, January 7th. Piper Sandler increased their target price on shares of Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Hsbc Global Res upgraded shares of Bank of America from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.74.

Bank of America Trading Up 0.8%

NYSE:BAC opened at $53.02 on Friday. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The firm has a market cap of $387.18 billion, a PE ratio of 13.84 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average price of $54.17 and a 200 day moving average price of $51.22.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm had revenue of $28.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 5th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, December 5th. Bank of America’s dividend payout ratio is currently 29.24%.

Trending Headlines about Bank of America

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

• Positive Sentiment: Q4 results showed broad strength — beats on EPS and revenue driven by net interest income (NII) and Global Markets; management reiterated NII growth for 2026, underpinning earnings momentum. Bank Of America: Buy The Pullback On NII Strength
• Positive Sentiment: Several Wall Street firms raised or reaffirmed targets/ratings after the quarter (Goldman Sachs and Argus among them), reflecting analyst confidence in BAC’s earnings power and valuation upside. Goldman Raises Target on BAC Argus Raises Target on BAC
• Positive Sentiment: Independent research and brokerages remain broadly bullish — Evercore ISI and others have kept Outperform/Buy stances and price targets above current levels, which supports medium‑term upside expectations. Evercore ISI Remains Bullish on BAC (InsiderMonkey)
• Neutral Sentiment: Board declared regular preferred‑stock dividend payments for multiple series (routine cash distributions for preferred/depositary shareholders); this affects preferred holders more than common equity. Bank of America Declares Preferred Stock Dividends (PR Newswire)
• Neutral Sentiment: BofA’s research desk published sector calls (e.g., 3 metals names to watch), which highlights the bank’s franchise strength in research but has limited direct impact on BAC’s stock performance. 3 Metals Stocks Bank of America Is Bullish on for 2026
• Negative Sentiment: CEO warnings about interest‑bearing stablecoins potentially pulling up to $6T from bank deposits raise medium‑term funding and lending risks — a structural threat that could increase funding costs and reduce loanable deposits if regulation permits yield‑paying crypto products. Bank of America CEO warns stablecoins could pull $6T (Cointelegraph)
• Negative Sentiment: Political/regulatory headlines — proposals to cap credit‑card interest rates (reported in recent coverage) have pressured bank sector multiples and prompted short‑term selloffs despite solid fundamentals. This macro/policy overhang is a key reason some investors sold into the earnings news. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem? (MarketBeat)

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.