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, /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.32 per share, payable on December 24, 2026 to shareholders of record as of December 4, 2026.

The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on January 25, 2027 to shareholders of record as of January 11, 2027.

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. 

Investors may contact
Lee McEntire, Bank of America
Phone: 1.980.388.6780
[email protected]

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
[email protected]

Reporters may contact
Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
[email protected] 

SOURCE Bank of America Corporation

New York, New York--(Newsfile Corp. - October 21, 2026) - Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NYSE: BAC) securities between August 1, 2025 and October 13, 2026 may be eligible to recover losses.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Bank of America securities between August 1, 2025 and October 13, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/cases/bank-of-america-corporation-bac-class_action_lawsuit.

Bank of America Case Details

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:

Systemic weaknesses in Bank of America's Bank Secrecy Act and Anti-Money Laundering ("BSA/AML") compliance program caused BAC to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; Internal reports had documented BAC's BSA/AML compliance deficiencies for years, yet BAC failed to adequately remediate these deficiencies following the 2024 Consent Order; Bank of America, N.A. ("BANA") also had deficiencies in its sanctions compliance program and processed transactions that were subsequently identified as apparent violations of multiple sanctions programs; Addressing these compliance deficiencies required significant additional resources and exposed BAC to substantial regulatory penalties and costs; and As a result, Defendants' statements regarding the scope of BAC's compliance failures, its progress in addressing the deficiencies identified in the 2024 Consent Order, and the anticipated costs and penalties associated with these issues were materially false and/or misleading.What's Next for Bank of America Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/bank-of-america-corporation-bac-class_action_lawsuit, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Bank of America you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Bank of America Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Bank of America Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

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BAC’s post-earnings drop below its April 2025 trend line fits an Elliott Wave ending diagonal and may be the start of a bigger correction.

Bank of America has had a rough few days. After a hefty regulatory penalty and a third-quarter report that fell short of expectations, the stock fell to its lowest level since May. More importantly from my point of view, it broke below the trend line connected from the April 2025 lows.

When a support line that old gives way, I pay attention. From an Elliott Wave perspective, the picture fits a pattern I respect a lot: an ending diagonal.

Looking at the subdivisions of the whole move from the 2024 lows, I can see the shape of a wedge, and the strong drop below it makes me think that pattern may now be completed. If so, an important top could be in place.

Bank of America (BAC) daily chart: the break below the April 2025 trend line, the possible ending diagonal from the 2024 lows, the $53–$57 resistance area on a rebound and $46 as the next major support.

The earnings backdrop
According to the bank’s own results release, Bank of America earned $6.9 billion, or $0.91 per share, in the third quarter, down from $8.3 billion, or $1.04, a year earlier. That includes a $1.2 billion regulatory settlement charge, worth 17 cents per share. Excluding it, adjusted earnings were $1.08 per share, which, according to Reuters, missed the $1.10 analysts expected. Revenue rose 3% to $30.0 billion and net interest income grew 8%, but investment banking fees fell 11% to $1.8 billion and sales and trading revenue slipped 5% to $5.1 billion, as fixed income trading dropped 17% while equities rose 11%.

The penalty, according to Reuters, relates to the bank’s failure to report more than $5 billion in suspicious activity to the US government. The stock fell about 4.8% on Wednesday to close at $51.39, after trading at its lowest since May during the session. The capital position remains solid, with a CET1 ratio of 10.9% and book value of $39.26 per share. By my own calculation, at around $52 the stock trades at roughly 1.3 times book value and 1.8 times tangible book value, and the latest quarterly dividend of 32 cents works out to a yield of about 2.5%.

What is an ending diagonal?
An ending diagonal is a wedge-shaped pattern that usually shows up in the final wave of a trend. Its waves overlap, and each of the five waves tends to unfold in three smaller waves (3-3-3-3-3), which is why the advance often looks tired and choppy rather than powerful. It tells me momentum is fading. When the wedge breaks, the market often reverses sharply, because the move that built the pattern has run out of steam.That is why the trend line break matters here. It is the first sign that buyers have lost control. What I want to see next is a rebound that fails in the $53–$57 area, where the broken trend line and former support should now act as resistance.

Elliott wave ending diagonal: waves 1-2-3-4-5 move within two converging trend lines and complete wave (5).

What I am watching
The stock closed around $51.40 last week, so it sits just under the $53–$57 resistance area and roughly 10% above the next major support at $46. I think we are still only in the first leg of a higher-degree correction, so after some rallies, even back toward the broken trend line, I expect more weakness as long as BAC trades below the $65.45 high.

Of course, nothing is certain. Rallies can be sharp, especially after a big drop, and a move above $65.45 would invalidate this bearish count. Until then, I am treating bounces as opportunities to watch rather than a reason to turn bullish.

Highlights:

Bank of America broke below the trend line connected from the April 2025 lows, a dangerous signal.
The subdivisions from the 2024 lows suggest an ending diagonal that may now be completed.
A rebound toward the broken trend line and the $53–$57 area could still happen.
$46 is the next major support.
The bearish view remains valid while BAC trades below $65.45.

Want more analysis? Visit us at www.wavetraders.com and apply for test version.

Twitter:  @GregaHorvatFX

The author may have a position in the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Bank of America Corporation (BAC or the Company) (NYSE: BAC) securities between August 1, 2025 and October 13, 2026, inclusive (the Class Period).

The Complaint alleges that on December 23, 2024, the Office of the Comptroller of the Currency (“OCC”), an agency of the U.S. Department of the Treasury, issued a cease-and-desist order against BAC (the “2024 Consent Order”). BAC consented to the order, which requires it to take comprehensive corrective actions to address deficiencies in its BSA/AML and sanctions compliance programs.

The Complaint further alleges that Defendants failed to disclose to investors that: (i) systemic weaknesses in BAC’s BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (ii) internal reports had documented BAC’s BSA/AML deficiencies for years, yet BAC had not adequately remedied them after the 2024 Consent Order; (iii) BACA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (iv) fixing these deficiencies required significant additional compliance resources and exposed BAC to substantial penalties and costs. The Complaint alleges these facts rendered Defendants’ statements about the scope of BAC’s compliance failures, its progress under the 2024 Consent Order, and the expected costs and penalties materially false and misleading.

The Complaint further alleges that the truth began to emerge after the market closed on October 13, 2026, when the U.S. Department of Treasury announced coordinated enforcement actions against BAC resulting in more than $1.21 billion in penalties and settlements. In addition, the Complaint alleges that Financial Crimes Enforcement Network (FinCEN) assessed a $1.2 billion penalty, including credit for a $750 million penalty imposed by the OCC, and the Office of Foreign Assets Control (OFAC) separately announced an $11.6 million settlement. The Complaint alleges that in its order, FinCEN stated BAC admitted that it willfully violated the BSA and missed or delayed detecting and reporting more than $5 billion in suspicious activity. The Complaint also alleges that the OCC further found that, despite the 2024 Consent Order, BAC had failed to complete significant corrective steps and its BSA/AML program remained deficient. The Complaint also alleges the truth continued to emerge the following morning, October 14, 2026, when BAC reported its third quarter 2026 results, showing that the regulatory settlement charge reduced diluted earnings per share by $0.17. Last, the Complaint alleges that following the enforcement announcements and quarterly results, BAC’s stock price fell to an intraday low of $49.26 on October 14, 2026, before closing at $51.39, down 4.8% from the previous day’s closing price of $53.96, thereby damaging investors.

         Investors who purchased or otherwise acquired shares of BAC should contact the Firm prior to the December 15, 2026 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at

[email protected] or

[email protected].

Please visit our website at http://www.gme-law.com for more information about the firm.

Birch Hill Investment Advisors LLC increased its position in Bank of America Corporation (NYSE:BAC) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,248 shares of the financial services provider’s stock after acquiring an additional 17,823 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Bank of America were worth $10,682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAC. Bamco Inc. NY increased its stake in Bank of America by 45.4% during the second quarter. Bamco Inc. NY now owns 40,994 shares of the financial services provider’s stock valued at $2,336,000 after acquiring an additional 12,794 shares during the period. E Fund Management Co. Ltd. acquired a new position in Bank of America in the second quarter worth about $4,089,000. Bernicke Wealth Management Ltd. acquired a new stake in Bank of America in the 2nd quarter valued at $2,132,000. Aspiriant LLC boosted its stake in Bank of America by 34.3% in the 3rd quarter. Aspiriant LLC now owns 48,877 shares of the financial services provider’s stock valued at $2,660,000 after buying an additional 12,479 shares in the last quarter. Finally, Legacy Private Trust Co. boosted its stake in shares of Bank of America by 11.7% in the 3rd quarter. Legacy Private Trust Co. now owns 115,136 shares of the financial services provider’s stock valued at $6,267,000 after purchasing an additional 12,016 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In BAC has been the topic of several research analyst reports. Morgan Stanley decreased their price objective on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday. Truist Financial dropped their target price on Bank of America from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday. Barclays reduced their price objective on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday. Royal Bank Of Canada cut their price target on shares of Bank of America from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on Bank of America from $68.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Twenty analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.52.

Read Our Latest Stock Analysis on BAC Trending Headlines about Bank of America Here are the key news stories impacting Bank of America this week:

Positive Sentiment: Analyst support and potential earnings recovery: Baird upgraded BAC to Outperform with a $62 price target, while other analysts maintained Buy or Outperform ratings despite reducing targets. Management also projected at least 8% net interest income growth in 2027, supported by loan and deposit expansion. Baird Upgrades Bank of America Stock Despite a Soft Quarter Positive Sentiment: Regulatory remediation is progressing: Bank of America said it has completed substantial work required under a consent order, potentially helping reduce longer-term compliance uncertainty. The bank’s CEO also described the U.S. economy as resilient and growing. Bank of America says it has completed a lot of work on consent order Neutral Sentiment: Preferred dividends declared: The board authorized regular cash dividends on multiple preferred-stock series, payable in November and December. The announcement supports the bank’s capital-distribution profile but does not represent a new increase in BAC common-stock dividends. Bank of America Declares Preferred Stock Dividends Negative Sentiment: Q3 earnings missed expectations: BAC reported adjusted earnings of $1.08 per share versus a $1.10 consensus, while revenue also fell short. A $1.2 billion anti-money-laundering and sanctions penalty reduced earnings, and expenses grew faster than revenue; weaker fixed-income trading and settlement costs added pressure. Bank of America Stock Sell-Off Looks Like a Buying Opportunity Negative Sentiment: Compliance and litigation overhang: Senator Elizabeth Warren criticized the penalty as insufficient, while several law firms announced investigations into potential securities claims and fiduciary-duty issues. These developments could increase legal costs and prolong reputational concerns. Rosen Law Firm Investigation Bank of America Stock Performance NYSE BAC opened at $51.28 on Friday. The stock has a market cap of $358.59 billion, a PE ratio of 12.18, a P/E/G ratio of 0.83 and a beta of 1.21. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50-day moving average of $59.05 and a 200-day moving average of $56.69. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22.

Bank of America (NYSE:BAC – Get Free Report) last issued its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). The company had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS. On average, sell-side analysts anticipate that Bank of America Corporation will post 4.54 EPS for the current year.

Bank of America Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.5%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, September 4th. Bank of America’s dividend payout ratio (DPR) is currently 30.40%.

Bank of America Company Profile (Free Report)

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.

Featured Articles Five stocks we like better than Bank of America Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery Want to see what other hedge funds are holding BAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of America Corporation (NYSE:BAC – Free Report).

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Bank of America NYSE: BAC is a compelling play because of its scale, value, dividend, and sensitivity to interest rates.

Bank of America Today

BAC

Bank of America

$51.50 -0.20 (-0.38%)

As of 02:19 PM Eastern

This is a fair market value price provided by Massive. Learn more.

$46.12▼

$65.222.48%

12.24

$62.52

While its Q3 results align with the broader financial sector, suggesting a cyclical investment peak in Q2, investors should not get this signal wrong. A peak is a peak, except when the economy is expanding versus contracting.

We’re looking at a multi-year, potentially longer economic expansion that has years to play out. Underpinned by AI, data center builds, onshoring supply chains, and favorable government support, the economic backdrop points to sustained growth at Bank of America and additional investment peaks to come.

Get Bank of America alerts:

The only question is timing, i.e., how quickly S&P 500 companies can reload their balance sheets in preparation for the next investment cycle. Between now and then, Bank of America pays a solid capital return, and its shares have returned to trend.

Technically, BAC’s market reverted to trend following its Q3 earnings release, indicating potential for a trend-following entry in mid-October. Support is marked by the converging long-term 150-week exponential moving average and 2022 highs. The EMA is noteworthy because it represents long-term buy-and-hold investors, such as the institutional group, which owns more than 70% of the stock and whose activity coincides with 2026’s stock price bottom.

Q3 Earnings Reveal Strength Beneath the Headline MissBank of America didn’t have a bad quarter, just a weaker one than expected, compounded by an unexpected legal charge. Authorities tagged BAC with a $1.2 billion charge tied to money-laundering controls and reporting, which impacted net earnings in the quarter. Revenue grew 3.2% to nearly $30 billion, missing consensus by more than $600 million, or 200 basis points. Strengths came from the Consumer and Global Wealth Management segments, which grew 4% and 13%, respectively, while weakness in Global Banking and Global Markets offset gains.

Key highlights include strength in NII, global banking fees, and balance sheet growth, which supported healthy cash flow despite the legal charges. Net income contracted significantly due to the impairment, but it is a one-off that the company can handle. Adjusted results were much better, nearly matching the analysts' forecasts despite the top-line miss, coming in at $1.08 versus the $1.10 consensus estimate. Looking ahead, the company reaffirmed its outlook for this year's NII growth, with growth expected to accelerate next year.

Balance sheet strength is evident in deposits and loan growth, which improved by 2% and 6%, respectively and in Tier 1 ratios, which remain well above target. The market worried that credit provisions were too low, but the initial sell-off was an overreaction. A closer look shows credit trends are improving, not worsening, supporting the lighter provision relative to loan growth.

BAC's Post-Earnings Sell-Off Creates a Buying OpportunityInitial analyst responses to the report were mixed, with several price target reductions in the first few days. However, the reductions don’t alter the consensus view; instead, they align with it.

Also, Robert W. Baird issued a significant upgrade to Outperform from Neutral with a $62 price target, just shy of the consensus. This upgrade offers more than 20% upside from the critical support target and strengthens the consensus sentiment rating.

While the stock's price response was justifiable, it overreacted, falling below the lowest analyst price target and into a deep-value range. The key point for investors in late Q4 is that the plunge triggered a buying frenzy, leading to an immediate rebound backed by the strongest daily trading volume in 18 months. This signals the bottom of BAC's price correction and sets the stage for the next upswing, which may begin early next year. A sticky deposit base, NII growth, and interest-rate tailwinds support the business, and the stock trades at a significant discount to its peers.

Bank of America's Dividend and Buybacks Support Long-Term UpsideBank of America’s dividend is reliable. Yielding about 2.5% as of mid-October, its buybacks are the question mark. The market gets it wrong, however, to think the $1.2 billion charge is sufficient to undermine the outlook; worse, to think a structural defect has emerged.

Buybacks are likely to continue at an aggressive pace. Share count fell more than 5.3% over the trailing 12 months, while the book value improved, giving shareholders leverage for the upswing.

The risk is that Bank of America's guidance prices in several more FOMC interest rate hikes. If the committee does increase rates, it will increase pressure on consumers—and if it doesn't, it will undermine the NII and buyback outlook.

Should You Invest $1,000 in Bank of America Right Now?Before you consider Bank of America, you'll want to hear this.

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Rising long-term yields are deepening unrealized losses in big banks’ securities portfolios, with Bank of America (NYSE:BAC) showing a sharp jump in paper losses.

The bank reported $109 billion in unrealized losses on its bond holdings for the third quarter, up from $85 billion at the close of June, while fixed income, currencies and commodities trading revenue fell 17% from a year earlier.

Bank of America Faces $1.2 Billion FineAdding to its challenges, Bank of America was hit with more than $1.21 billion in penalties by U.S. regulators for anti-money laundering and sanctions violations.

The U.S. Treasury announced the penalties on Tuesday, marking the third-largest penalty in Treasury history. The Office of the Comptroller of the Currency contributed $750 million, the largest penalty in the agency’s history.

The compliance failures have raised questions about future expenses and the duration of the regulatory order. Bank of America admitted to willfully violating the Bank Secrecy Act.

Analysts Adjust Bank of America RatingsDespite these setbacks, analysts are adjusting their ratings on Bank of America. In a Thursday note, RBC Capital analyst Gerard Cassidy maintained an Outperform rating but lowered the price target from $65 to $60.

Baird analyst David George upgraded the bank from Neutral to Outperform, maintaining a price target of $62. These adjustments reflect the ongoing assessment of the bank’s financial health and market position.

Bank of America Misses Earnings EstimatesBank of America’s financial performance has also been under scrutiny. The bank reported quarterly earnings of $1.08 per share, missing the analyst consensus estimate of $1.11. Revenue came in at $29.96 billion, falling short of the $30.69 billion estimate.

The earnings miss, coupled with the recent penalties, has put additional pressure on BAC stock performance. The results were released on Wednesday, highlighting the challenges the bank faces in meeting market expectations.

Technical AnalysisBank of America closed at $51.39 as of Oct. 14, 2026. The stock’s RSI(14) is at 22.63, indicating it is oversold. BAC trades 13.66% below its 50-day SMA of $59.52 and 6.95% below its 200-day SMA of $55.23. The 50-day SMA remains above the 200-day SMA.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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San Diego, California--(Newsfile Corp. - October 14, 2026) - Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of Bank of America Corporation (NYSE: BAC) against certain of its officers and directors for alleged breaches of fiduciary duty.

What Should Bank of America Shareholders Do?

If you have held Bank of America shares before 2024, and continue to hold shares, you may have standing to seek corporate governance reforms at Bank of America, including improvements to internal controls, regulatory compliance, and executive oversight.

To learn more, visit: https://www.johnsonfistel.com/investigations/bank-of-america-corp/

You may also contact Johnson Fistel, PLLP at [email protected] or (619) 814-4471. There is no cost or obligation to you.

Investigation Background

On October 13, 2026, the U.S. Treasury Department announced that its Financial Crimes Enforcement Network (FinCEN) had assessed a $1.2 billion penalty against Bank of America, N.A., a subsidiary of Bank of America Corporation. According to Treasury, the bank admitted that it willfully violated the Bank Secrecy Act by failing to maintain an adequate anti-money-laundering program, conduct required due diligence for foreign correspondent accounts, and file suspicious activity reports. The enforcement action addressed failures involving priority national-security risks, including Chinese money-laundering networks and illicit finance along the southwest border.

The coordinated action included a $750 million civil penalty imposed by the Office of the Comptroller of the Currency (OCC), which is credited against FinCEN's $1.2 billion penalty. The OCC found that the bank's transaction monitoring system failed to properly monitor trillions of dollars in transactions, resulting in numerous late suspicious activity reports involving billions of dollars. The OCC further stated that significant compliance deficiencies persisted after a December 2024 cease-and-desist order.

On October 14, 2026, Bank of America reported that its third-quarter results included a $1.2 billion regulatory settlement charge, reducing diluted earnings per share by $0.17. The company reported quarterly net income of $6.9 billion, compared with $8.3 billion in the third quarter of 2025.

Johnson Fistel is investigating whether certain officers and directors breached their fiduciary duties in connection with oversight of the company's Bank Secrecy Act and anti-money-laundering compliance programs, and whether shareholders may pursue remedies on the company's behalf.

About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investor Rights

Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. The firm also represents foreign investors who have purchased securities on U.S. exchanges.

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Bank of America zveřejnila smíšené výsledky. Silnější úrokové výnosy však nedokázaly vyvážit zklamání z obchodních aktivit a přetrvávající obavy investorů z rozsáhlých ztrát v dluhopisovém portfoliu, které zůstává hlavní brzdou výkonnosti banky. Akcie banky v předobchodní fázi oslabují o více než 4 %.

Celkové výnosy z obchodování bez vlivu úpravy vlastního úvěrového rizika (DVA) činily 5,06 miliardy dolarů, zatímco analytici očekávali 5,41 miliardy dolarů. Největším zklamáním byla divize obchodování s dluhopisy, měnami a komoditami (FICC), jejíž výnosy dosáhly 2,55 miliardy dolarů oproti očekávaným 2,86 miliardy dolarů. Také obchodování s akciemi mírně zaostalo za odhady, když vyneslo 2,51 miliardy dolarů.

Naopak pozitivně překvapil tradiční bankovní byznys. Čistý úrokový výnos vzrostl na 16,45 miliardy dolarů, nad konsensem trhu 16,24 miliardy dolarů, a čistá úroková marže dosáhla 2,16 %, rovněž nad očekáváním. Zisk na akcii po očištění o mimořádné položky dosáhl 1,08 USD, zatímco vykázaný zisk na akcii činil 0,91 USD.

Výnosy sedmiletých a desetiletých amerických státních dluhopisů vzrostly nad 5 %, což snížilo tržní hodnotu dříve nakoupených bondů s nižším výnosem. Nerealizované ztráty v portfoliu dluhopisů Bank of America tak od konce června vzrostly o 28 % na více než 109 miliard dolarů, píše Bloomberg.

„JPMorgan, Citigroup a Goldman Sachs jsou ve velmi dobré pozici, zatímco se tak trochu zapomíná, že Bank of America má stále významný problém,“ napsal zakladatel analytické společnosti BankRegData Bill Moreland. Zmíněný problém se netýká pouze Bank of America. Takzvané ztráty v položce AOCI (Accumulated Other Comprehensive Income), kam se promítají změny hodnoty některých dluhopisových portfolií, se ve třetím čtvrtletí více než zdvojnásobily také u JPMorgan Chase a Wells Fargo.

Analytici Truist Securities upozornili, že rozsah nárůstu těchto ztrát byl pro trh překvapením. Současně vyvolal otázky, zda banky kvůli tlaku na kapitálovou přiměřenost nezpomalí programy zpětného odkupu akcií. Analytik Brian Foran připomněl, že ještě v srpnu trh očekával, že největší americké banky do konce roku 2027 odkoupí vlastní akcie za zhruba 207 miliard dolarů.

Obavy zesílily poté, co JPMorgan oznámila, že ve třetím čtvrtletí snížila objem zpětných odkupů téměř o 90 % oproti stejnému období loňského roku. Generální ředitel Jamie Dimon však odmítl, že by za tím stály právě nerealizované ztráty z dluhopisových portfolií. „Hlavním důvodem omezení zpětných odkupů je skutečnost, že kapitál dokážeme investovat do atraktivních příležitostí s vysokou návratností. Nesouvisí to s AOCI, vývojem prostředí ani pravidly Basel III,“ uvedl Dimon.

Analytici nicméně zdůrazňují, že současná situace nepředstavuje pro Bank of America existenční hrozbu. Banka disponuje stabilní depozitní základnou v objemu přibližně 2 bilionů dolarů a nečelí podobným problémům s likviditou, jaké vedly ke kolapsu Silicon Valley Bank nebo First Republic Bank v roce 2023.

Přesto zůstává dluhopisové portfolio dlouhodobou brzdou výkonnosti banky. Od začátku cyklu zvyšování sazeb Fedu v roce 2022 jsou akcie Bank of America nejslabším titulem mezi šesticí největších amerických bank. Zatímco akcie Bank of America za toto období vzrostly přibližně o 21 %, akcie Goldman Sachs, Citigroup a JPMorgan více než zdvojnásobily svou hodnotu.

Bank of America navíc stále drží největší dluhopisové portfolio mezi hlavními americkými bankami, které zároveň nese nejnižší výnos. Vedení banky argumentuje tím, že s postupným splácením starších nízkovýnosových dluhopisů bude možné prostředky reinvestovat za výrazně atraktivnějších podmínek.

Výsledky navíc zatížil regulatorní náklad ve výši 1,2 miliardy dolarů, který souvisí s urovnáním vyšetřování praní špinavých peněz a porušování sankčních pravidel. Banka potvrdila, že celková mimořádná ztráta v položce „ostatní čistá ztráta“ dosáhla 1,4 miliardy dolarů, z čehož většinu tvořila právě tato sankce.

Bank of America Corporation (NYSE:BAC) will release its third-quarter earnings report before the opening bell on Wednesday, Oct. 14.

Analysts expect the company to report quarterly earnings of $1.10 per share, up from $1.06 per share a year ago. The consensus estimate for Bank of America’s quarterly revenue is $30.54 billion. It reported $28.09 billion last year, according to Benzinga Pro.

Ahead of quarterly earnings, TD Cowen analyst R. Scott Siefers reinstated Bank of America with a Hold rating on Oct. 8 and set a $60 price target.

With the recent buzz around Bank of America, some investors may be eyeing potential gains from the company’s dividends too. Currently, Bank of America has an annual dividend yield of 2.35%, with a quarterly dividend of 32 cents per share ($1.28 a year).  

So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $255,871 or around 4,688 shares. For a more modest $100 per month ($1,200 per year), you would need $51,196 or about 938 shares.

Earn 8% APY on a Real Estate-Backed Note from $5,000

EquityMultiple's Alpine Notes have distributed $478M+ with no missed payments. Accredited investors can start with $5,000 at a fixed 8% APY for 6 months.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.28 in this case). So, $6,000 / $1.28 = 4,688 shares ($500 per month), and $1,200 / $1.28 = 938 shares ($100 per month).

Note that dividend yield can change on a rolling basis, as dividend payments and stock prices both fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in dividend payments can affect the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, the yield will also fall.

BAC Price Action: Bank of America shares rose 0.5% to close at $54.58 on Monday.

Photo via Shutterstock

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

In July, Bank of America (BAC +1.32%) raised its quarterly dividend by 14%, to $0.32 per share, or $1.28 annually. That gives it a decent yield of about 2.4%.

So, how many shares of the bank stock would you need to own to collect $1,000 a year in dividend income?

Image source: Getty Images.

It's a straightforward calculation. $1,000 divided by $1.28 is 781.25. So that's the number of shares needed to generate that annual income amount. At the current price of $52.75 per share, acquiring that many shares would cost about $41,211. That's a lot of money to invest just for $1,000 a year in passive income. 

Are there any other reasons it might be worth it to make this investment? Well, the stock is trading about 17.5% below its 52-week high. Given the company's history of growth, is this a good time to start building such a position in Bank of America stock?

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Bank of America was hit this year by softer Wall Street revenue guidance, regulatory pressures, and macroeconomic concerns related to rising yields and interest rates. Like BofA, many bank stocks are down this year.

But Bank of America remains one of the world's largest financial companies, and offers investment banking and investment management along with its retail banking operations. It has a reputation for being one of the best-run banks in the world.

Keep in mind, too, that Bank of America has built a strong track record of annual dividend increases, now spanning about 13 years, so those dividends are likely -- though not guaranteed -- to continue increasing.

So, if you're looking for a solid dividend payer in the financial services sector with a lot of upside potential, this may be a good stock to own.

Bank of America is an advertising partner of Motley Fool Money. Matthew Benjamin has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Bank of America just raised its dividend again, but a razor-thin capital cushion separates the next raise from a payout freeze. Here is the precise mechanism that determines whether shareholders get another bump or watch buybacks disappear first.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Bank of America (NYSE:BAC | BAC Price Prediction) raised its quarterly common dividend to $0.32 from $0.28, declared on July 24, 2026. The annualized forward payout now stands at $1.28 per share. Second-quarter EPS was $1.21, and the bank paid $2.0B in common dividends against $9.07B of net income. Capital is the constraint.

Why Record Profits Still Hit a Capital Ceiling As a systemically important bank, Bank of America must hold common equity Tier 1 (CET1) capital above a regulatory floor. Every dollar paid out reduces that pool. Every new loan raises risk-weighted assets, which raises required capital. CFO Alastair Borthwick laid out the math during July’s earnings call:

“Tier 1 common equity grew to nearly $202 billion while our RWA increased to $1.8 trillion driven by loan growth and capital markets activity.”

“We remain in a strong position with our CET1 ratio stable at 11.2% and that remains well ahead of our 10% minimum ratio.”

That reserve is the smallest among peers. JPMorgan Chase (NYSE:JPM) reported a 14.3% CET1 ratio in Q1 2026, and Citigroup (NYSE:C) ended 2025 at 13.2%. Bank of America’s average loans rose 8% to $1.2 trillion, consuming capital peers with more slack can return.

Stress Tests Set the Payout Calendar The Fed’s annual stress test resets each bank’s buffer, and dividend increases arrive after summer results. CEO Brian Moynihan tied credit discipline to those results on the July 14, 2026 call:

“We stick to our credit knitting, so to speak. It’s been consistent. It’s been long-term. You can see it in the stress test results, again, that just got issued.”

Buybacks Take the Bigger Slice Dividends and repurchases draw from the same capital. In Q2 2026, the bank spent $6.0B on buybacks versus $2.0B on dividends. In Q1, repurchases were roughly $7.2B of $9.3B returned.

The dividend held at $0.18 through mid-2021, then stepped to $0.21, $0.22, $0.24, $0.26, $0.28 and $0.32, one raise annually since 2021. Management treats the dividend as a sticky commitment and buybacks as the flexible valve.

What Must Hold, and What Would Stall Raises Raises continue if:

Net interest income compounds. Q2 NII hit $16.00B, up 9%. Credit stays healthy. The net charge-off ratio improved to 0.47% from 0.55%. CET1 stays clear of the 10% minimum while loans grow. Raises stall if:

Rates fall. A 100 bps downward shift would reduce NII by about $2.2B. $70.3B of commercial real estate exposure goes bad. Capital rules tighten or Global Markets revenue falls. Borthwick highlighted one internal tool:

“As we continue to pay that down, that’ll free up more capital. It’ll help us on the return on tangible common equity as well.”

Our View: Steady Raises, Flexible Buybacks Bank of America will raise its dividend annually, and the jump to $0.32 signals board confidence in the stress-test outcome. The real limit is the gap between an 11.2% CET1 ratio and the 10% floor. When capital tightens, buybacks shrink first and the dividend holds. The next checkpoint is the October 14 third-quarter report.

Contact [email protected] for any questions or corrections.

, /PRNewswire/ -- As previously announced, Bank of America will report its third quarter 2026 financial results on Wednesday, October 14. The results will be released at approximately 6:45 a.m. ET, followed by an investor conference call at 8:30 a.m. ET.

The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings. A Form 8-K containing Bank of America's financial results will also be available at the U.S. Securities and Exchange Commission's website at https://www.sec.gov.

Investor Conference Call information
For a listen-only connection to the investor conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). The conference ID is 79795. Please dial in 10 minutes prior to the start of the call. Investors can listen to live audio of the conference call and view the presentation slides by visiting the "Events & Presentations" section of the company's Investor Relations website.

Replay information for Investor Conference Call
Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on October 14 through 11:59 p.m. ET on October 23.

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. 

Investors may contact
Lee McEntire, Bank of America
Phone: 1.980.388.6780
[email protected]

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
[email protected]

Reporters may contact
Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
[email protected]

SOURCE Bank of America Corporation

Key Takeaways BAC gained 17.4% in six months as stronger NII, loans and fee income supported earnings growth.BAC's IB fees rose 36.4% y/y in the first half of 2026, led by advisory and underwriting gains.BAC's valuation discount and capital returns are positives, but expense growth is a near-term risk. Shares of Bank of America (BAC - Free Report) have gained 17.4% over the past six months, supported by improving fundamentals and a favorable operating backdrop. In the first two quarters of 2026, the bank delivered solid earnings growth, driven by higher net interest income (NII), healthy loan and deposit growth, and strength across its fee-based businesses.

The broader macro environment has also been supportive. A resilient U.S. economy, sustained consumer spending, stronger capital-markets activity and a relatively favorable interest-rate backdrop have helped bolster banking revenues and investor sentiment.

Despite these positives, BAC has lagged two of its key peers over the same period. JPMorgan (JPM - Free Report) shares have risen 18.6% in the past six months, while Morgan Stanley (MS - Free Report) has advanced 22.3% compared with BAC’s 17.4% gain.

6-Month Price Performance
Image Source: Zacks Investment Research

While Bank of America’s six-month price performance has trailed its peers, the stock’s rally reflects strengthening fundamentals and supportive macro trends.

The key question now is whether there is further upside from the current levels. To assess that, let us take a closer look at BAC’s underlying strengths, growth drivers and key risks.

Key Positives of Bank of AmericaRobust Top-Line Growth: Bank of America has maintained a solid revenue growth trajectory over the past several years, supported by expanding loan balances, higher NII and steady growth in fee-based revenues.

The company’s net loans and leases saw a compound annual growth rate (CAGR) of 5.2% from 2020 to 2025. Aided by this loan growth and favorable balance-sheet positioning, NII witnessed a 6.7% CAGR over the same period despite declines in interest rates in 2024 and 2025.

Meanwhile, non-interest income saw a CAGR of 4.7%, helping total revenues see a 5.7% CAGR. The upward momentum in revenues continued in the first half of 2026.

Revenue Trend
Image Source: Zacks Investment Research

Looking ahead, BAC’s top-line growth prospects remain favorable. An elevated interest-rate environment, continued loan growth and the repricing of fixed-rate assets are expected to keep supporting NII in the near term. Management expects 2026 NII on an FTE basis to grow toward the upper end of 6-8%. Continued growth in fee-generating businesses should provide an additional revenue tailwind.

Reflecting these trends, the Zacks Consensus Estimate for BAC’s revenues is pegged at $123.8 billion for 2026 and $130.4 billion for 2027, implying year-over-year growth of 12.2% and 5.3%, respectively.

Revenue Growth Estimates
Image Source: Zacks Investment Research

Strong Recovery in IB Business: Bank of America’s investment banking (IB) business has regained strong momentum following the industry-wide slowdown in global deal-making during 2022-2023.

After IB fees declined 45.7% in 2022 and 2.4% in 2023, the franchise rebounded with 31.4% growth in 2024 and an 8.4% increase in 2025. The recovery accelerated in the first half of 2026, with IB fees rising 36.4% year over year, driven by a 61% surge in advisory revenues, a 52.8% increase in equity underwriting fees and a 10.9% rise in debt underwriting income.

With corporate confidence improving, capital markets reopening and Bank of America maintaining a robust investment banking pipeline, the company is well-positioned to sustain fee income growth and diversify earnings beyond its traditional lending business.

Industry-Leading Deposit Franchise: Bank of America benefits from a large and well-diversified deposit base, which provides a stable and relatively low-cost source of funding. As of June 30, 2026, total deposits stood at $2.03 trillion, rising 1% year over year.

These deposits are spread across consumer, wealth management and commercial banking clients, reducing reliance on any single funding source. The strength of this deposit franchise helps BAC keep funding costs under control, supports loan growth and provides stability to NII, particularly during periods of market or interest-rate volatility.

Accelerating Digital & AI-Led Transformation: Bank of America continues to invest in digital banking, artificial intelligence (AI) and payments while selectively expanding its branch network. The bank plans to open more than 150 financial centers by 2027, supporting deeper client relationships and cross-selling opportunities.

Its digital ecosystem is also gaining scale, with Erica surpassing 3.2 billion client interactions and Zelle reaching 25 million users. Enhanced AI tools such as EricaAssist are improving service efficiency, while new cross-border payment capabilities through Swift and CashPro could strengthen its global payments franchise. In addition, the proposed investment in Jio Credit offers exposure to India’s expanding digital lending market. Together, these initiatives should support efficiency gains, stronger client engagement and long-term fee and earnings growth.

Strong Liquidity & Funding Profile: Despite carrying $732.1 billion in total debt as of June 30, 2026, Bank of America maintains a robust liquidity position, supported by $229.7 billion in cash and cash equivalents, one of the industry’s strongest deposit franchises, and diversified funding sources. The bank also maintains substantial liquidity reserves well above regulatory requirements, providing financial flexibility across economic cycles.

Reinforcing its balance sheet strength, Bank of America continues to hold high investment-grade long-term credit ratings of A1 (Moody’s), A- (S&P Global Ratings) and AA- (Fitch Ratings), all with stable outlooks. These ratings ensure reliable access to capital markets at competitive funding costs, enabling the bank to meet its obligations and support business growth even during periods of market stress.

Robust Capital Returns Strategy: Bank of America continues to demonstrate its commitment to enhancing shareholder returns through consistent dividend growth and share repurchases. Following its successful performance in the 2026 Federal Reserve stress test, the bank increased its quarterly dividend 14.3% to 32 cents per share, marking its sixth consecutive annual dividend hike.

The company has also maintained an active capital return program, with $17 billion remaining under its $40-billion share repurchase authorization as of June 30, 2026. Supported by strong capital ratios, resilient earnings and excess capital generation, Bank of America is well-positioned to sustain attractive shareholder distributions while continuing to invest in long-term growth initiatives.

Bank of America’s Earnings & Valuation AnalysisLooking at BAC’s valuation, the stock is currently trading at a 12-month trailing price-to-tangible book (P/TB) of 1.95X, which is below the industry’s 3.15X. This shows that BAC is currently trading at a discount relative to the industry average.

P/TB Ratio (TTM)
Image Source: Zacks Investment Research

JPMorgan has a P/TB of 3.14X, while Morgan Stanley’s P/TB ratio is 3.59X. Thus, currently, BAC is undervalued compared with JPM and MS.

However, analysts do not seem too optimistic regarding BAC’s earnings growth potential. Over the past 30 days, the Zacks Consensus Estimate for the company’s 2026 earnings has been revised lower while the 2027 estimate has been unchanged.

Earnings Estimate Revision
Image Source: Zacks Investment Research

Should You Invest in Bank of America Stock Now?BAC’s improving revenue trajectory, strong deposit franchise and recovery in IB activity provide a solid foundation for earnings. Its ongoing investments in digital banking, AI and payments should also support operating efficiency and deepen customer engagement over the long term. The stock’s attractive valuation relative to the industry and peers, along with healthy capital levels and substantial capital-return capacity, strengthens the longer-term investment case.

However, near-term upside may be somewhat tempered by persistent expense growth and less favorable earnings estimate revision trend. Continued spending on technology, personnel and branch expansion could constrain operating leverage, while the recent downward revision to the 2026 earnings estimate suggests limited catalysts for a meaningful upside in the near term.

Thus, although BAC’s fundamentals remain sound and its valuation appears reasonable, the combination of cost pressures and muted earnings estimate momentum supports a cautious stance on the stock at present.

Bank of America currently carries a Zacks Rank #3 (Hold), suggesting investors may prefer to retain their positions while waiting for a more favorable entry point or stronger earnings momentum. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Federal Reserve just handed Bank of America a mechanical earnings tailwind, yet investors sold the stock hard. One of these sides is badly wrong, and the answer lives inside a balance sheet most analysts are reading incorrectly.

On September 16, 2026, the Federal Reserve raised its target range for the first time since 2023, lifting the upper bound to 4.00% from 3.75%. Bank of America (NYSE:BAC | BAC Price Prediction) closed the following Tuesday at $56.22, down 3% on the session and 8.43% over the past month.

That gap is what I want to resolve. Bank of America runs one of the more asset-sensitive balance sheets among the megabanks, and the company has told you in its own filings that a +100 bps parallel shift above the June 30, 2026 forward curve would add approximately $1.0 billion in net interest income over the next 12 months.

A hawkish Fed is a mechanical tailwind to earnings, yet the market sold the news. Either investors are mispricing that duration benefit, or they are looking past the hike to the credit event that ends most tightening cycles.

A Regime Change in Rates The single hike matters less than the path. Bloomberg framed the decision as Kevin Warsh’s rate hike, and the 10-year Treasury touched 5.01% on September 18 before settling at 4.96%.

BAC’s economists project CPI inflation at 3.2% in 2026 and 3.0% in 2027, and a JP Morgan strategist called inflation “warmer for longer”.

The average credit card APR sits at 20.94%, inside what the Fed itself calls record territory.

BAC seems built for this regime.

Net interest income is the spread between what a bank earns on loans and securities and what it pays depositors. An asset-sensitive book, like BAC’s, reprices those assets faster than the funding when short rates rise.

Fixed-rate securities and loans booked years ago at low yields roll off on their own schedule and reinvest at today’s rates, independent of Fed action.

Second-quarter net interest income was $16.00 billion, up 9% year over year, and management moved full-year 2026 NII growth guidance to the upper end of that 6% to 8% range.

Deposit Beta Is the Real Variable Deposit beta is the share of each rate increase a bank must pass through to depositors. A high beta eats the tailwind; a low one preserves it.

BAC’s edge is a consumer base with $957 billion in deposits paying just 48 basis points. Sticky retail checking is cheaper than institutional cash.

The counter is that betas lagged early in the last cycle and caught up fast once savers noticed. Money market funds compete for idle balances. The tell is whether deposit costs climb faster than asset yields over the next two prints.

Higher-for-longer rates lift charge-offs with a lag. Card borrowers and small businesses feel it first. BAC carries $70.3 billion in CRE exposure.

So far, the numbers are behaving. The credit-card net charge-off rate improved to 3.55% from 3.82% a year earlier, and the industry credit-card delinquency rate eased to 2.85%.

The bear case is that revenue reprices in quarters and credit reprices in years. Hiking cycles often end in something breaking.

Bull and Bear Case for BAC Stock Bull: an asset-sensitive balance sheet in a tightening cycle, a securities book repricing upward on autopilot, guidance at the high end, and a funding base with $2.02 trillion in deposits that peers cannot easily match.

BAC returned $8.0 billion to shareholders in Q2, split between $6 billion in buybacks and $2 billion in dividends, shrinking the share count while earnings expand.

Bear: rate-driven credit deterioration shows up after rate-driven revenue; deposit costs are the one input management cannot fully steer, and a Fed that eventually breaks something breaks the bank with it.

If loan growth and charge-offs hold while the spread widens through the next two quarters, this drawdown will look like an opportunity. If deposit costs jump or the CRE book cracks, the market’s suspicion was right.

Contact [email protected] for any questions or corrections.

Key Takeaways BAC has 130-140 AI use cases, with $400M in investment generating about $800M in benefits.BAC expects 50 new AI use cases each quarter and plans to double its AI expense budget next year.Erica topped 3.2B client interactions, while EricaAssist is expanding to more than 18,000 representatives. Bank of America’s (BAC - Free Report) artificial intelligence (AI) strategy is moving from experimentation to measurable deployment. The bank has implemented 130-140 AI use cases, with management indicating that $400 million of investment is generating roughly $800 million in benefits. The bank expects 50 additional use cases to come online each quarter and plans to double its AI expense budget next year.

A key focus is boosting employee productivity while managing headcount through attrition rather than broad workforce reductions. AI tools are available across BAC’s roughly 209,000 employees, including 18,000 software developers, where management estimates productivity gains of 10-15%. Similar applications are being expanded across legal, audit, investment banking and other functions.

BAC’s digital capabilities also provide a strong foundation for AI adoption. Erica has surpassed 3.2 billion cumulative client interactions, helping reduce servicing needs while supporting customer engagement. Management estimates that handling similar interaction volumes through traditional channels could require 10,000-12,000 employees. EricaAssist is now extending AI capabilities to more than 18,000 customer-service representatives.

The opportunity extends beyond cost savings. BAC expects the AI infrastructure build-out to generate financing, underwriting and advisory opportunities. Its broader $250-billion U.S. infrastructure initiative includes AI data centers, power generation and transmission, while a dedicated infrastructure fund and AI-focused team further expand its exposure.

Overall, AI could become an important efficiency and growth lever for BAC. Continued productivity gains, lower servicing costs and rising capital-markets activity tied to AI infrastructure could support operating leverage, client engagement and fee-based revenues over time.

BAC’s Peers With Increased Focus on AIAmong BAC’s closest peers, JPMorgan (JPM - Free Report) is expanding the use of AI across its operations. The bank is deploying AI in customer service, fraud detection, software development, personalization and internal workflows, with a growing emphasis on generative AI tools for employees.

By embedding AI across front and back-office functions, JPMorgan is seeking to improve productivity, enhance client engagement and reduce operating friction, broadly aligning with BAC’s focus on using AI as an efficiency multiplier rather than as a standalone technology initiative.

Likewise, Wells Fargo (WFC - Free Report) is increasing its focus on AI as part of its broader technology modernization efforts. The bank is using generative AI and advanced analytics to automate processes, improve call-center and servicing capabilities, strengthen data-driven decision-making and support employee productivity.

As with BAC, Wells Fargo’s AI investments are tied closely to operating efficiency and customer experience, suggesting that AI adoption is becoming an increasingly important competitive lever across the large U.S. banking industry.

BAC’s Price Performance, Valuation & EstimatesIn the past six months, shares of Bank of America have gained 21.5% compared with the industry’s 18.8% growth.

Image Source: Zacks Investment Research

From a valuation standpoint, BAC trades at a trailing 12-month price-to-tangible book ratio of 2.03, well below the industry average of 3.21.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for BAC’s 2026 and 2027 earnings indicates year-over-year growth rates of 22.6% and 13%, respectively. Earnings estimates for both years have been revised marginally lower over the past seven days.

Image Source: Zacks Investment Research

Currently, Bank of America carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

CHARLOTTE, N.C., Sept. 18, 2026 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:  Series of Preferred Stock Dividend per Share or Depositary Share 1 Record Date Payment Date 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.1250000 October 1 October 30 5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 October 1 October 26 4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 October 15 November 3 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO $16.5625000 October 15 November 2 4.125% Non-Cumulative Preferred Stock, Series PP $0.2578125 October 15 November 2 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR $10.9375000 October 1 October 27 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT $15.3125000 October 1 October 27 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU $15.6250000 October 1 October 26 1  Each series of preferred stock, other than Series L, is represented by depositary shares.

Space Race Meets Ground Reality for Tower REITsBank of America NYSE: BAC Chairman and CEO Brian Moynihan said the U.S. economy remains resilient, supported by consumer spending, solid credit quality and increased borrowing activity among small and midsized businesses.

Speaking at Barclays’ Global Financial Services Conference, Moynihan said the bank’s customer data showed consumer spending rose 4% in August from a year earlier. Spending increased across categories including cruises, restaurants, out-of-home entertainment and movies, while customer paycheck data showed wage growth in the range of 3% to 4%.

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SEC Probe Puts Wall Street Leverage Risk Back in Focus“The consumer is spending money,” Moynihan said. He added that consumer credit quality remains strong and has returned to pre-pandemic normalization levels that were near long-term lows.

Moynihan said Bank of America continues to monitor unemployment claims, delinquency trends and signs of stress in consumer payment behavior. Higher gasoline prices have affected affordability perceptions, he said, noting that September spending on gasoline was up 15% to 20% on the bank’s credit and debit cards. Still, he said the increase represented only a limited portion of total payments activity.

Commercial Lending, Deposits and Capital Markets XPeng’s Top Secret AI Robotics Program Outshines EV WoesCommercial lending has been a major source of growth, according to Moynihan. He said lending growth has broadened beyond capital-markets-related businesses and into middle-market, large-corporate and small-business customers. The bank expects high-single-digit commercial loan growth in the current quarter, following similar performance in the prior period.

Consumer loan growth has been more mixed. Moynihan said credit card balances increased 4% in the previous quarter, while mortgage activity remained quiet and auto lending was steady rather than rapidly expanding.

On deposits, Moynihan said the bank has seen stabilization in noninterest-bearing deposits and continued growth in consumer checking accounts. Bank of America has added roughly 160,000 to 170,000 net new checking accounts per quarter and about 5 million over the past five years, he said.

The company is not pursuing high-cost certificates of deposit simply to add funding, Moynihan said, citing the bank’s approximately $2 trillion deposit base and $1.2 trillion in loans. “We do not do things to lose money,” he said.

For the third quarter, Moynihan projected investment banking fees of approximately $1.6 billion to $1.8 billion. He said the broader investment banking fee pool was down about 10% year over year, while Bank of America could decline somewhat more because of its positioning in businesses with greater activity. Sales and trading revenue is expected to be roughly flat from a strong year-earlier quarter, which would still make it one of the bank’s better third quarters, he said.

Wealth and investment management assets-under-management fees are expected to increase 10% to 15%, according to Moynihan.

Net Interest Income and Returns Moynihan said net interest income, or NII, was performing in line with the outlook Bank of America provided at its investor day. He said the company expects upper-single-digit NII growth, in the range of 7% to 8%, along with further improvement in net interest yield as loans and deposits reprice.

Higher interest rates would support that repricing dynamic, although Moynihan said loan demand remains an important consideration. He said the bank’s deposit funding advantage and commercial loan growth were helping drive the NII outlook.

The company continues to target 200 to 300 basis points of positive operating leverage, though Moynihan said the current quarter could be more difficult because of a rapid change in capital-markets fee growth. He said Bank of America should return to that range in the fourth quarter if capital-markets conditions improve.

Moynihan said Bank of America had reached its 16% return on tangible common equity, or ROTCE, target in the prior quarter. He said continued net interest income growth, balance-sheet efficiency and disciplined expense management should support progress toward the company’s longer-term return objectives.

AI Investment and Risk Controls Bank of America is using artificial intelligence across its operations while maintaining human oversight, Moynihan said. He said the bank has implemented roughly 130 to 150 AI use cases and expects about 50 more to come online. The company has estimated about $400 million of costs associated with the effort and approximately $800 million of expected benefits, he said.

The bank has given its more than 200,000 employees access to AI tools, including approximately 18,000 coders who Moynihan said have achieved productivity gains of 10% to 15%. Rather than broadly cutting jobs, the company is managing headcount through hiring and attrition, he said.

Moynihan emphasized that Bank of America does not allow AI systems to operate without human accountability, particularly in customer-facing and credit-related applications. The bank’s Erica virtual assistant handles about 700 defined customer requests, he said, because responses must be accurate.

“We own the answer,” Moynihan said, referring to the company’s approach to AI-generated work and customer interactions.

Stablecoins, Infrastructure and International Expansion Moynihan also addressed stablecoins, saying their expansion into payments and interest-bearing alternatives could reduce noninterest-bearing deposits and shrink bank lending capacity. He said Bank of America has developed stablecoin capabilities and would offer them if customers demand them, while the industry is also exploring tokenized deposits and cross-border payment applications.

The company plans to deploy $250 billion between the start of the year and July 4, 2027 to support infrastructure-related activity, including power generation and transmission, AI and data centers, transportation and other projects. Moynihan said much of that activity would be facilitated through capital markets rather than held on Bank of America’s balance sheet.

Separately, he described the bank’s investment in an online consumer lender in India as a partnership with Jio and Reliance-related businesses. Bank of America will contribute commercial banking and small- and medium-sized lending expertise, while its partner provides local reach and knowledge, he said. Moynihan said the arrangement was not a move to establish a traditional retail bank in India.

About Bank of America (NYSE:BAC)Bank of America Corporation NYSE: BAC is a diversified financial services company serving individual consumers, businesses, institutional investors and governments. Its operations include consumer banking, credit and debit cards, mortgages, small-business banking, commercial banking, investment banking, securities trading and investment management.

The company provides consumer and wealth-management services through Bank of America and Merrill, including deposit accounts, lending, brokerage, retirement planning, financial advice and private banking.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Key Takeaways Robust earnings generation is supporting BAC in returning capital while continuing to invest in growth.A CET1 ratio comfortably above regulatory requirements provides flexibility for dividends and buybacks.Ample remaining authorization and a higher dividend reinforce commitment to shareholder returns. Bank of America’s (BAC - Free Report) capital return story is supported by a combination of improving earnings power, a healthy capital cushion and disciplined balance-sheet management. After generating $30.5 billion in net income in 2025, the banking giant carried solid momentum into 2026. In the second quarter alone, net income reached $9.1 billion, while revenues rose 15% year over year to $31.6 billion. Net interest income (NII) rose 9%, while growth in trading, asset-management and investment banking (IB) fees further strengthened the company’s earnings base.

BAC’s capital position provides another important pillar for its shareholder-return strategy. At the end of June 2026, the company had $202 billion in CET1 capital, with its CET1 ratio holding at 11.2%. This remained comfortably above the 10% regulatory minimum. Further, the Federal Reserve’s 2026 stress-test results left BAC’s stress capital buffer at 2.5% through September 2027. This sizeable capital cushion gives management considerable flexibility to return excess capital while maintaining adequate buffers against potential economic and market volatility.

Share repurchases remain a central component of BAC’s capital deployment strategy. The company’s board authorized a $40-billion share repurchase program, effective Aug. 1, 2025. As of June 30, 2026, roughly $17 billion remained available under the program. This substantial capacity provides Bank of America with room to continue reducing its share count, which could support earnings over time.

Dividends complement these sizeable buybacks. Following the 2026 stress test, Bank of America raised its quarterly common stock dividend 14.3% to 32 cents per share, marking its sixth consecutive annual dividend hike. The increase underscores management’s confidence in the company’s earnings durability and capital-generation ability. More importantly, BAC has been able to increase shareholder payouts while continuing to invest across its businesses, demonstrating a balanced approach to growth and capital returns.

Overall, Bank of America appears well-positioned to sustain healthy capital distributions. Strong profitability, excess CET1 capital and considerable remaining buyback capacity provide a solid foundation for continued dividends and repurchases. While a higher G-SIB surcharge expected from January 2027 could modestly increase future capital requirements, continued NII growth, improving fee revenues and disciplined capital management should help offset some of that pressure.

Current Capital Distribution Plans of BAC’s PeersBank of America’s two close peers are JPMorgan (JPM - Free Report) and Morgan Stanley (MS - Free Report) .

JPMorgan's capital distribution capacity is also supported by strong earnings and regulatory capital. After clearing this year’s stress test, the company intends to announce a 10% increase in its quarterly dividend to $1.65 per share. Over the past five years, JPM has hiked its dividend six times, with an annualized growth rate of 11.3%.

JPMorgan has authorized a $50-billion share repurchase program, which became effective July 1, 2026.

Likewise, Morgan Stanley has increased its quarterly dividend by 15% to $1.15 per share in the third quarter of this year. Before this, the company had hiked its quarterly dividend 8% in 2025.

Also, Morgan Stanley’s board of directors has reauthorized a multi-year share repurchase program of up to $20 billion, without an expiration date. Management continues to emphasize disciplined capital allocation, with a preference for organic investment, capital returns and selective bolt-on acquisitions only where strategic and cultural fit are strong.

BAC’s Price Performance, Valuation & EstimatesIn the past six months, shares of Bank of America have gained 30.9% compared with the industry’s 25% growth.

Image Source: Zacks Investment Research

From a valuation standpoint, BAC trades at a trailing 12-month price-to-tangible book ratio of 2.21, well below the industry average of 3.38.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for BAC’s 2026 and 2027 earnings indicates year-over-year growth rates of 22.8% and 12.6%, respectively. Earnings estimates for both years have been unchanged over the past 30 days.

Image Source: Zacks Investment Research

Currently, Bank of America carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

A group of 21 financial institutions including Goldman Sachs (GS.N), Bank of America (BAC.N), Citi (C.N) and Deutsche Bank (DBKGn.DE) plan to create a company this year to issue a cryptocurrency pegged to the ​dollar in the first half of 2027, they said on Tuesday.

The group, ​which was first announced in October 2025 when just 10 banks were ⁠involved, said in a statement that it also aims to expand into stablecoins pegged ​to other G7 currencies, including the euro as a priority.

Stablecoins are used to move ​money around the world in the form of cryptocurrency, and are mostly used in crypto trading. But a rebound in crypto prices in 2024 and U.S. President Donald Trump's support for the ​sector sparked a revival of interest in the idea of using blockchain in the ​mainstream financial system.

The group will compete with a separate consortium of 37 financial institutions which formed ‌a ⁠company called Qivalis and said they plan to launch a euro-pegged stablecoin later this year. Some, including Spanish bank BBVA (BBVA.MC), are members of both groups. President Trump's family's crypto business, World Liberty Financial, has also issued its own stablecoin.

Still, there are few signs of ​demand for stablecoins issued ​by banks.

The stablecoin ⁠market is dominated by El Salvador-based Tether, which says it has issued more than $180 billion worth of its dollar-pegged token and made ​billions in profits by investing the reserves in assets including U.S. ​Treasuries.

France's Societe ⁠Generale (SOGN.PA) - which is not in either consortium - became the first major bank to issue a dollar-backed stablecoin through its digital asset subsidiary last year. The token has not been ⁠widely ​adopted, with just $12.5 million in circulation, according to its ​website.

European Central Bank President Christine Lagarde has warned that privately issued stablecoins pose risks for monetary policy and financial ​stability.

Berkshire Hathaway Inc trimmed its position in Bank of America Corporation (NYSE:BAC) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 483,394,015 shares of the financial services provider’s stock after selling 30,230,150 shares during the quarter. Bank of America accounts for 9.2% of Berkshire Hathaway Inc’s holdings, making the stock its 5th largest holding. Berkshire Hathaway Inc owned about 6.91% of Bank of America worth $27,543,791,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BAC. Magnolia Capital Advisors LLC bought a new stake in shares of Bank of America in the second quarter valued at about $813,000. Arini Capital Management Ltd bought a new position in Bank of America in the second quarter worth approximately $5,698,000. Freestone Grove Partners LP purchased a new stake in Bank of America during the second quarter worth $2,799,000. Caisse de depot et placement du Quebec purchased a new position in shares of Bank of America in the 2nd quarter valued at $241,973,000. Finally, Gallagher Fiduciary Advisors LLC bought a new position in shares of Bank of America in the 2nd quarter worth $759,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Stock Performance Shares of NYSE BAC opened at $62.38 on Friday. Bank of America Corporation has a 1 year low of $46.12 and a 1 year high of $65.22. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. The company’s fifty day moving average price is $61.18 and its 200 day moving average price is $54.92. The company has a market capitalization of $436.21 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17.

Bank of America (NYSE:BAC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $30.78 billion. During the same period in the prior year, the company posted $0.89 EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, research analysts predict that Bank of America Corporation will post 4.68 earnings per share for the current year. Bank of America Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, September 4th. Bank of America’s dividend payout ratio (DPR) is presently 25.69%.

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

Positive Sentiment: Bank of America’s artificial-intelligence initiatives and branch expansion are expected to improve operating efficiency and customer service. The potential for productivity gains supports the long-term earnings case, although elevated expenses remain a risk. Should You Buy BAC Stock as AI-Led Branch Expansion Boosts Efficiency? Positive Sentiment: Strong inflows into gold and cryptocurrency funds reported by BofA suggest elevated client demand for investment products. That activity could benefit the bank’s wealth-management, brokerage and trading businesses, though the impact on BAC’s earnings is indirect. Neutral Sentiment: Bank of America disclosed holdings of approximately 4.69% and 5.87% in QIAGEN, reflecting regulatory notifications about its investment position. The disclosures may attract attention but do not materially change BAC’s core banking outlook. Bank of America Discloses 5.87% Stake in QIAGEN Neutral Sentiment: BofA strategists warned that global equities could face an autumn “reality check” tied to the U.S. midterm elections and geopolitical developments. A market pullback could weigh on BAC through lower investment-banking, asset-management and trading activity. Bank of America Warns of an Autumn Reality Check Negative Sentiment: JPMorgan is hiring senior technology dealmaker David Fishman from Bank of America. Losing an experienced M&A executive could weaken BAC’s technology investment-banking franchise and adds to competitive pressure. JPMorgan Hiring Bank of America’s David Fishman Negative Sentiment: The SEC is reportedly investigating margin lending to hedge fund Situational Awareness after a 67% drawdown, with Bank of America among the subpoenaed banks. Potential legal, credit and reputational risks could pressure sentiment. SEC Probe Puts Wall Street Leverage Risk Back in Focus Negative Sentiment: BAC is challenging proposed changes to the Federal Reserve’s global systemically important bank capital surcharge. Higher capital requirements could constrain lending, reduce balance-sheet flexibility and pressure returns on equity. Bank of America Joins Clash Over Fed GSIB Capital Rule Analyst Ratings Changes BAC has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price target on shares of Bank of America in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, July 21st. Royal Bank Of Canada upped their price objective 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. Keefe, Bruyette & Woods raised their price target on shares of Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Evercore set a $63.00 price objective on shares of Bank of America and gave the company an “outperform” rating in a report on Monday, July 6th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.08.

Read Our Latest Stock Analysis on Bank of America

Bank of America 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.

Further Reading Five stocks we like better than Bank of America 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop? Want to see what other hedge funds are holding BAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of America Corporation (NYSE:BAC – Free Report).

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Danske Bank A S acquired a new position in shares of Bank of America Corporation (NYSE:BAC – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,423,418 shares of the financial services provider’s stock, valued at approximately $252,046,000. Danske Bank A S owned 0.06% of Bank of America as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in BAC. Gables Capital Management Inc. purchased a new stake in Bank of America in the second quarter valued at approximately $5,182,000. Investmark Advisory Group LLC acquired a new position in Bank of America during the second quarter worth $220,000. Wealthfront Advisers LLC acquired a new position in Bank of America during the second quarter worth $56,700,000. Global Strategic Investment Solutions LLC purchased a new position in shares of Bank of America during the second quarter worth $259,000. Finally, Foster & Motley Inc. purchased a new position in shares of Bank of America during the second quarter worth $792,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Price Performance Bank of America stock opened at $61.73 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The company has a fifty day simple moving average of $60.60 and a 200-day simple moving average of $54.67. The stock has a market cap of $431.66 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17. Bank of America Corporation has a 12-month low of $46.12 and a 12-month high of $65.22.

Bank of America (NYSE:BAC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The firm had revenue of $31.56 billion for the quarter, compared to analyst estimates of $30.78 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Bank of America’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities analysts expect that Bank of America Corporation will post 4.68 EPS for the current fiscal year. Bank of America Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. This is an increase from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s payout ratio is currently 25.69%.

Analyst Ratings Changes Several research firms recently issued reports on BAC. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Oppenheimer cut Bank of America from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Truist Financial lifted their target price on Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price target on shares of Bank of America from $62.50 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.08.

View Our Latest Stock Report on BAC

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

Positive Sentiment: Bank of America’s active participation in the August bond market demonstrates continued access to wholesale funding and allows it to extend maturities through senior unsecured offerings. Its latest quarterly results also showed strong earnings and revenue growth, providing a fundamental counterweight to near-term concerns. Bank of America’s Stock Market Signal Flashes Warning Neutral Sentiment: Bank of America increased its indirect stake in Turkish industrial technology company Hidropar to 5.386%. The disclosure indicates portfolio or client-related investment activity, but it is not expected to materially affect BAC’s earnings. Bank of America Lifts Indirect Stake in Hidropar to 5.386% Neutral Sentiment: Bank of America crossed a disclosure threshold in Smith & Nephew, reflecting an updated shareholding. The move is unlikely to have a meaningful direct impact on BAC’s common stock. Smith & Nephew Discloses Updated Bank of America Shareholding Neutral Sentiment: Bank of America’s analysts issued views on HP, Home Depot and Nvidia. These calls may generate research-related attention, but they do not materially change BAC’s own fundamentals. Bank of America Sends Warning on HP Stock Negative Sentiment: A market commentary warns that crowded positioning in Bank of America could make any broader-market pullback sharper. Separate analysis questions whether BAC is undervalued after its recent bond issuance, while noting recent short-term share-price weakness. These factors are weighing on sentiment despite the bank’s solid earnings profile. Bank of America’s Stock Market Signal Flashes Warning Is Bank of America Undervalued? Negative Sentiment: Analysis of Bank of America preferred stock suggests that more attractive alternatives may exist than Series GG. While this primarily affects preferred securities, it can modestly temper sentiment toward BAC’s capital-raising instruments. Bank of America Preferreds: Better Propositions Available Than Series GG (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.

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Foster & Motley Inc. bought a new stake in Bank of America Corporation (NYSE:BAC – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,893 shares of the financial services provider’s stock, valued at approximately $792,000.

Several other institutional investors have also recently made changes to their positions in the company. Cypress Asset Management Inc. TX bought a new stake in Bank of America in the second quarter worth about $1,045,000. Main Street Financial Solutions LLC bought a new position in shares of Bank of America during the second quarter valued at approximately $4,255,000. Rayburn West Financial Services LLC bought a new position in shares of Bank of America during the second quarter valued at approximately $5,139,000. First National Bank of Omaha purchased a new stake in shares of Bank of America in the second quarter worth approximately $4,926,000. Finally, Timothy G. Youngquist 2020 Irrevocable Trust raised its holdings in shares of Bank of America by 598.8% in the second quarter. Timothy G. Youngquist 2020 Irrevocable Trust now owns 16,583 shares of the financial services provider’s stock worth $945,000 after buying an additional 14,210 shares during the period. Institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes A number of equities analysts recently issued reports on BAC shares. Jefferies Financial Group restated a “buy” rating and set a $75.00 price objective on shares of Bank of America in a report on Tuesday, July 14th. Daiwa Securities Group increased their target price on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on Bank of America from $62.50 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley boosted their target price on shares of Bank of America from $61.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and an average price target of $64.08.

Read Our Latest Report on BAC Bank of America Stock Performance Bank of America stock opened at $61.73 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $431.66 billion, a PE ratio of 14.16, a P/E/G ratio of 0.98 and a beta of 1.17. The company has a 50 day moving average price of $60.60 and a 200-day moving average price of $54.67. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22.

Bank of America (NYSE:BAC – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. The company had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.Bank of America’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 earnings per share. As a group, equities analysts forecast that Bank of America Corporation will post 4.68 earnings per share for the current year.

Bank of America Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.32 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio (DPR) is currently 25.69%.

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

Positive Sentiment: Bank of America’s active participation in the August bond market demonstrates continued access to wholesale funding and allows it to extend maturities through senior unsecured offerings. Its latest quarterly results also showed strong earnings and revenue growth, providing a fundamental counterweight to near-term concerns. Bank of America’s Stock Market Signal Flashes Warning Neutral Sentiment: Bank of America increased its indirect stake in Turkish industrial technology company Hidropar to 5.386%. The disclosure indicates portfolio or client-related investment activity, but it is not expected to materially affect BAC’s earnings. Bank of America Lifts Indirect Stake in Hidropar to 5.386% Neutral Sentiment: Bank of America crossed a disclosure threshold in Smith & Nephew, reflecting an updated shareholding. The move is unlikely to have a meaningful direct impact on BAC’s common stock. Smith & Nephew Discloses Updated Bank of America Shareholding Neutral Sentiment: Bank of America’s analysts issued views on HP, Home Depot and Nvidia. These calls may generate research-related attention, but they do not materially change BAC’s own fundamentals. Bank of America Sends Warning on HP Stock Negative Sentiment: A market commentary warns that crowded positioning in Bank of America could make any broader-market pullback sharper. Separate analysis questions whether BAC is undervalued after its recent bond issuance, while noting recent short-term share-price weakness. These factors are weighing on sentiment despite the bank’s solid earnings profile. Bank of America’s Stock Market Signal Flashes Warning Is Bank of America Undervalued? Negative Sentiment: Analysis of Bank of America preferred stock suggests that more attractive alternatives may exist than Series GG. While this primarily affects preferred securities, it can modestly temper sentiment toward BAC’s capital-raising instruments. Bank of America Preferreds: Better Propositions Available Than Series GG 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.

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The U.S. Securities and Exchange Commission on Friday charged a former senior Bank of America (BAC.N) investment banker with insider trading, alleging he tipped a longtime ​friend and former colleague about a pending merger, allowing the friend to make $18.5 ‌million of illegal profit.

Jason Satsky, who was Bank of America’s co-head of Americas power and renewable energy banking, allegedly tipped Gavin Wolfe in late 2021 about the potential acquisition of South Jersey Industries, an energy ​holding company that the bank was advising.

The SEC said Wolfe, who runs the firm ​Evergreen Capital and has been Satsky's friend for more than 20 years, ⁠bought more than 2.2 million shares of the South Jersey Gas parent worth about $53 million, ​and realized a 36% gain after the company announced an $8.1 billion buyout on February 24, 2022.

Satsky ​and Wolfe allegedly communicated multiple times about a possible acquisition, including when they and their wives attended a nationally televised college basketball game between Duke and Kentucky at Madison Square Garden, where Satsky had luxury box ​seats obtained through Bank of America.

The lawsuit seeks to recoup ill-gotten gains from Wolfe, and ​impose civil fines and officer-and-director bans against Satsky and Wolfe, among other remedies.

Satsky, 59, lives in New York, ‌while ⁠Wolfe, 55, lives in New York and Sunny Isles Beach, Florida.

"Jason strongly denies the SEC’s allegations and is confident that the evidence will demonstrate that he acted properly and that he will be fully vindicated," Satsky's lawyer Robert Anello said in a statement. "Jason did not provide Gavin ​Wolfe, or anyone else, ​with material nonpublic ⁠information regarding South Jersey Industries."

Reed Brodsky, a lawyer for Wolfe, in a statement said his client "categorically denies the allegations and will vigorously defend himself." ​He also said the SEC ignored sworn testimony and documents that ​showed Wolfe ⁠bought South Jersey shares based on an "independent investment thesis."

Wolfe was a senior power and renewable energy banker at Credit Suisse before he and Satsky joined Bank of America in 2012. Evergreen manages Wolfe family ⁠assets. ​Bank of America terminated Satsky in March 2025, the ​SEC said.

Bank of America was not accused of wrongdoing and confirmed Satsky no longer works there. Evergreen did not immediately ​respond to a request for comment.

Bryn Mawr Trust Advisors LLC purchased a new stake in Bank of America Corporation (NYSE:BAC) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,602 shares of the financial services provider’s stock, valued at approximately $1,459,000.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Bank of America in the 4th quarter worth approximately $4,774,210,000. Capital International Investors bought a new stake in Bank of America during the fourth quarter worth approximately $2,357,461,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Bank of America by 640.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock worth $2,399,798,000 after buying an additional 40,235,201 shares in the last quarter. Vanguard Group Inc. grew its position in Bank of America by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after buying an additional 23,351,183 shares during the last quarter. Finally, Cardano Risk Management B.V. increased its holdings in shares of Bank of America by 914.5% in the fourth quarter. Cardano Risk Management B.V. now owns 25,095,260 shares of the financial services provider’s stock valued at $1,380,239,000 after buying an additional 22,621,546 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Analysts Set New Price Targets BAC has been the subject of a number of recent research reports. Barclays increased their price objective on Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Daiwa Securities Group boosted their target price on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Oppenheimer lowered Bank of America from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price target on shares of Bank of America in a research note on Tuesday, July 14th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.08.

Check Out Our Latest Report on Bank of America Bank of America Trading Up 0.5% NYSE BAC opened at $64.24 on Wednesday. The firm’s 50 day moving average price is $60.18 and its two-hundred day moving average price is $54.49. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. The stock has a market cap of $449.19 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.03 and a beta of 1.17.

Bank of America (NYSE:BAC – Get Free Report) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The company’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. Equities analysts anticipate that Bank of America Corporation will post 4.68 EPS for the current year.

Bank of America Increases Dividend The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.28 annualized dividend and a yield of 2.0%. This is an increase from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio (DPR) is currently 25.69%.

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

Positive Sentiment: Bank of America is investing $1.9 billion for up to a 49.9% stake in Jio Credit, expanding its presence in India’s fast-growing financial-services market and creating potential long-term revenue growth. Will Bank of America Benefit From the Jio Credit Partnership in India? Positive Sentiment: BofA’s global fund-manager survey showed unusually strong optimism toward equities, with investors relatively unconcerned about higher rates, economic weakness, political instability and AI capital spending. This supports a constructive backdrop for large financial stocks. Fund managers have rarely been this bullish about stocks Positive Sentiment: Bank of America’s bullish calls on cybersecurity, AI infrastructure and memory-chip companies highlight its investment-banking and research exposure to areas attracting strong investor demand. The bank also sees gold reaching $5,000, reflecting active market opportunities for its clients. AI Agents Are Creating a New Cybersecurity Boom Neutral Sentiment: Strategists Michael Hartnett and other BofA analysts warned that record U.S. deficits, rising long-term yields and potential global stagflation make bonds less attractive. The outlook could support trading activity and net interest income, but it also raises risks for bond portfolios and the broader economy. With the national debt nearing $40 trillion Negative Sentiment: Bank of America cautioned that the AI boom’s heavy capital spending could create a less visible market vulnerability if expected returns fail to justify investments. That warning may weigh on sentiment toward banks exposed to technology financing and capital markets. Bank of America Has a Stark Warning on AI Spending Negative Sentiment: BAC is among six banks agreeing to an $86.4 million settlement over alleged Mexican bond-market manipulation. Although the cost is shared and appears manageable relative to BAC’s size, the matter adds regulatory and litigation overhang. Major US Banks Agree to $86.4M Settlement in Mexican Bond-Rigging Case 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.

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