In a January 15th filing, Representative Julie Johnson (D-Texas) disclosed she sold between $1,001 and $15,000 of Bank of America shares on December 18th from her Chase Brokerage Account (3935). This transaction follows a series of similar sales in other large-cap financial and industrial names on the same date, marking a notable reduction of her exposure to Bank of America at a time when the institution’s earnings momentum remains under close investor scrutiny.

Bank of America reported fourth quarter earnings on January 14th, delivering $0.98 in earnings per share, outpacing the consensus estimate of $0.96. Revenue for the quarter came in at $28.53 billion, exceeding forecasts of $27.73 billion and reflecting a 12.3% year-over-year increase. Net interest income grew by 10% year-over-year, driven by loan portfolio expansion, while return on equity stood at 11.07% and net margin at 16.23%.

The bank declared a quarterly dividend of $0.28 per share, paid on December 26th to shareholders of record as of December 5th, representing a $1.12 annualized payout and a yield of 2.1%. With a dividend payout ratio of 29.24%, the firm maintained solid capital ratios, supported by a current ratio of 0.80 and a debt-to-equity ratio of 1.15, underscoring its ability to sustain distributions while funding ongoing credit growth.

In recent weeks, several Wall Street research teams have lifted their outlooks on Bank of America. JPMorgan Chase & Co. raised its rating to overweight with a higher price objective on January 6th, while Citigroup and Deutsche Bank also boosted targets in the past quarter. Of 29 analysts covering the stock, 24 maintain Buy ratings and four hold at Neutral, resulting in an average consensus recommendation of Moderate Buy and an implied upside based on a consensus target nearly 10% above current levels.