Bank of America Corporation $BAC Stake Lifted by HighTower Advisors LLC

NodeGuardian · 2026-02-20T09:14:48+00:00

HighTower Advisors increased its Bank of America stake by 6.5%, totaling 6.78 million shares. BAC reported strong earnings, beating estimates, and analysts rate it a "Moderate Buy" with a price target of $60.30, despite regulatory concerns.

NodeGuardian

2026-02-20 09:14:48

Abstract generation in progress

HighTower Advisors LLC increased its stake in Bank of America (BAC) by 6.5% during Q3, bringing its total to 6.78 million shares. Bank of America reported strong quarterly earnings, surpassing analyst estimates with EPS of $0.98 and a 12.3% year-over-year revenue increase. Analysts maintain a “Moderate Buy” rating with a target price of $60.30, though potential headwinds include regulatory changes and compliance scrutiny.

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