Nan Shan Life Insurance Co. Ltd. boosted its position in shares of Bank of America Corporation (NYSE:BAC) by 73.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 981,342 shares of the financial services provider’s stock after purchasing an additional 415,387 shares during the quarter. Bank of America comprises 1.8% of Nan Shan Life Insurance Co. Ltd.’s holdings, making the stock its 19th biggest position. Nan Shan Life Insurance Co. Ltd.’s holdings in Bank of America were worth $55,917,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of BAC. Turim 21 Investimentos Ltda. bought a new position in Bank of America in the second quarter valued at approximately $25,000. Abound Financial LLC acquired a new position in shares of Bank of America in the 4th quarter valued at $26,000. Wiser Advisor Group LLC bought a new position in shares of Bank of America in the 3rd quarter worth $27,000. CrossGen Wealth LLC bought a new position in shares of Bank of America in the 4th quarter worth $30,000. Finally, Vermillion Wealth Management Inc. increased its holdings in Bank of America by 199.1% in the first quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 438 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.
Bank of America Stock Up 0.0%
Bank of America stock opened at $61.97 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22. The company has a fifty day simple moving average of $61.35 and a 200 day simple moving average of $55.01. The company has a market cap of $433.34 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16.
Bank of America Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.32 dividend. This is an increase from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, September 4th. This represents a $1.28 annualized dividend and a yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is 25.69%.
Bank of America News Roundup
Here are the key news stories impacting Bank of America this week:
- Positive Sentiment: Stablecoin initiative could create a new payments opportunity: Bank of America is among 21 financial institutions planning to form a company that could issue a dollar-pegged stablecoin in the first half of 2027. The project may help BAC participate in faster, lower-cost digital payments, although regulatory and execution risks remain. Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
- Positive Sentiment: Net interest income continues to support earnings: BAC’s net interest income rose 9% year over year to $31.7 billion in the first half of 2026, supported by loan and deposit growth and asset repricing. Continued gains could bolster revenue and profitability if the trend persists through year-end. BAC Records 9% Y/Y Growth in NII in 1H26
- Neutral Sentiment: Analyst commentary remains broadly constructive but cautious: Bank of America’s market signals improved from “red” to “yellow,” suggesting reduced recession concerns while still flagging elevated valuations and credit risks. Its research also highlighted commercial-loan growth tied to artificial-intelligence capital spending, a potential opportunity for BAC’s lending business.
- Neutral Sentiment: Limited direct impact from other research and corporate news: BofA named Rocket Lab and Voyager Technologies as potential SpaceX alternatives, while the reported death of a BAC vice president in a Times Square stabbing is a tragic personnel event with no indicated material effect on the company’s financial outlook. BofA names 2 SpaceX alternatives with massive upside Bank of America vice president identified as victim
- Negative Sentiment: Berkshire Hathaway’s continued selling is an overhang: Reports that Berkshire has reduced its BAC position for eight consecutive quarters may reinforce profit-taking and create concern that a major long-term shareholder has become less bullish, despite BAC’s solid operating results. Warren Buffett’s Successor, Greg Abel, Started His Tenure With a Bang
Wall Street Analyst Weigh In
BAC has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on Bank of America from $61.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, July 21st. Royal Bank Of Canada boosted their price target on shares of Bank of America from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Wells Fargo & Company increased their price target on Bank of America from $67.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, UBS Group increased their target price on Bank of America from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.08.
Get Our Latest Stock Analysis on Bank of America
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.
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