Swedbank AB Boosts Stake in Bank of America Corporation $BAC

Swedbank AB raised its position in Bank of America Corporation (NYSE:BAC) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,840,325 shares of the financial services provider’s stock after buying an additional 237,423 shares during the period. Swedbank AB’s holdings in Bank of America were worth $651,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Bank of America by 4.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,676,897 shares of the financial services provider’s stock valued at $821,172,000 after buying an additional 558,929 shares during the last quarter. BOKF NA raised its position in shares of Bank of America by 2.7% during the 4th quarter. BOKF NA now owns 287,530 shares of the financial services provider’s stock valued at $15,814,000 after acquiring an additional 7,619 shares in the last quarter. Providence First Trust Co acquired a new stake in shares of Bank of America during the 4th quarter valued at approximately $863,000. AssuredPartners Investment Advisors LLC raised its position in shares of Bank of America by 1.1% during the 4th quarter. AssuredPartners Investment Advisors LLC now owns 112,752 shares of the financial services provider’s stock valued at $6,201,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Bank of America by 1.2% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,474,641 shares of the financial services provider’s stock worth $81,105,000 after acquiring an additional 16,810 shares during the period. 70.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the transaction, the insider owned 227,973 shares in the company, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James P. Demare sold 83,832 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the transaction, the insider owned 307,240 shares in the company, valued at $15,362,000. This represents a 21.44% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 227,832 shares of company stock worth $11,094,960. 0.27% of the stock is owned by corporate insiders.

Trending Headlines about Bank of America

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

• Positive Sentiment: Merrill’s wealth-advisor bench gets public recognition, reinforcing BofA’s lead in advisory distribution and brand strength — a steady source of fee revenue and client retention for BAC. 2,314 Merrill Advisors Recognized on the 2026 Forbes List
• Positive Sentiment: BofA Securities (Merrill Lynch Int’l) was appointed a joint corporate broker by Plus500 — a sign of dealflow and fee opportunities in BofA’s investment-banking franchise. Plus500 adds BofA Securities as joint corporate broker
• Positive Sentiment: Local partnership with the Portland Thorns names BofA as the club’s Official Wealth Management Partner — small near-term revenue impact but useful for brand, community outreach and HNW client pipeline. Portland Thorns announce Bank of America as partner
• Neutral Sentiment: Routine regulatory filing — BofA filed its latest 10-Q with the U.K. National Storage Mechanism (procedural update; watch for disclosures but not market-moving by itself). Bank of America Files Latest 10-Q
• Neutral Sentiment: BofA research commentary on topics from Take?Two’s GTA6 pricing to midterms and tariffs illustrates the bank’s influence on sector views — useful for investors but not an immediate earnings driver for BAC itself. BofA on GTA 6 price point
• Negative Sentiment: BofA’s own market research has been cautionary — the firm warned Wall Street about stretched market internals and highlighted rate uncertainty — commentary that can weigh on bank multiples given sensitivity to interest rates and volatility. Bank of America issues blunt warning to Wall Street
• Negative Sentiment: Reporting and market stories flagged “rate uncertainty” as a drag on financial stocks broadly, a near-term headwind for BAC’s net interest income outlook and investor sentiment. BAC falls as rate uncertainty weighs on financials

Bank of America Trading Up 1.8%

Bank of America stock opened at $53.13 on Wednesday. The company has a 50 day moving average price of $50.34 and a 200 day moving average price of $52.47. Bank of America Corporation has a 52 week low of $40.56 and a 52 week high of $57.55. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $379.67 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.88 and a beta of 1.21.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The firm had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue was up 10.7% on a year-over-year basis. Research analysts forecast that Bank of America Corporation will post 4.46 EPS for the current year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is currently 27.72%.

Analyst Ratings Changes

Several research firms recently weighed in on BAC. JPMorgan Chase & Co. dropped their price objective on shares of Bank of America from $61.50 to $57.50 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Keefe, Bruyette & Woods increased their price objective on shares of Bank of America from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. The Goldman Sachs Group raised their price target on shares of Bank of America from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. HSBC raised their price target on shares of Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Piper Sandler increased their price objective on shares of Bank of America from $53.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and a consensus target price of $61.02.

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.