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

18 Jan 2026, 13:44 by Sarita Garza · The Markets Daily

Nippon Life Global Investors Americas Inc. lifted its position in shares of Bank of America Corporation (NYSE:BAC) by 987.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 846,280 shares of the financial services provider’s stock after purchasing an additional 768,460 shares during the period. Bank of America comprises about 1.8% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 16th largest position. Nippon Life Global Investors Americas Inc.’s holdings in Bank of America were worth $43,660,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quaker Wealth Management LLC lifted its stake in Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after buying an additional 880 shares during the last quarter. Steph & Co. increased its holdings in shares of Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 379 shares during the period. RMG Wealth Management LLC purchased a new stake in Bank of America in the 2nd quarter valued at $28,000. Marquette Asset Management LLC acquired a new stake in Bank of America during the 3rd quarter worth $30,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Bank of America during the 3rd quarter worth $31,000. 70.71% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting 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)

Analysts Set New Price Targets

A number of brokerages have recently commented on BAC. Wells Fargo & Company upped their target price on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research note on Thursday, October 30th. Barclays lifted their target price on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Seaport Global Securities boosted their target price on Bank of America from $59.00 to $66.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Phillip Securities increased their price target on Bank of America from $50.00 to $56.00 in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Bank of America currently has an average rating of “Moderate Buy” and a consensus target price of $59.74.

Check Out Our Latest Analysis on BAC

Bank of America Stock Performance

Shares of BAC opened at $53.02 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. The company has a 50-day simple moving average of $54.17 and a 200-day simple moving average of $51.22. The company has a market capitalization of $387.18 billion, a PE ratio of 13.84 and a beta of 1.29.

Bank of America (NYSE:BAC – Get Free Report) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business had revenue of $28.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts predict 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 announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were given a dividend of $0.28 per share. The ex-dividend date was Friday, December 5th. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. Bank of America’s payout ratio is presently 29.24%.

Bank of America Company Profile

(Free Report)

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.