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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.

, /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on September 15, 2026 all CAD425,000,000 principal amount outstanding of its Floating Rate Senior Notes, due September 2027 (CUSIP No. 060505FY5, ISIN: CA060505FY50) (the "Floating Rate Notes"), and all CAD1,000,000,000 principal amount outstanding of its 1.978% Fixed/Floating Rate Senior Notes, due September 2027 (CUSIP No. 060505FZ2, ISIN: CA060505FZ26) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Notes").

The redemption price for each series of the Notes will be equal to 100% of the principal amount of such series, plus accrued and unpaid interest to, but excluding, the redemption date of September 15, 2026. Interest on each series of the Notes will cease to accrue on the redemption date.  

Payment of the redemption price for the Notes will be made in accordance with the applicable procedures of CDS Clearing and Depository Services Inc. The Bank of New York Mellon Trust Company, N.A. is the trustee and Computershare Advantage Trust Company of Canada (f/k/a BNY Trust Company of Canada) is the paying agent for the Notes.

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.

Forward-looking statements
Certain information contained in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions difficult to predict or beyond our control. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed under Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, and in any of our subsequent Securities and Exchange Commission filings.  Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.

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

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 757,641 shares of the financial services provider’s stock after acquiring an additional 69,870 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Bank of America were worth $43,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Turim 21 Investimentos Ltda. acquired a new stake in shares of Bank of America during the 2nd quarter worth $25,000. Abound Financial LLC bought a new stake in Bank of America during the fourth quarter worth about $26,000. Wiser Advisor Group LLC bought a new stake in Bank of America during the third quarter worth about $27,000. CrossGen Wealth LLC acquired a new stake in Bank of America during the fourth quarter worth about $30,000. Finally, Vermillion Wealth Management Inc. grew its stake in Bank of America by 199.1% during the first quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock worth $32,000 after buying an additional 438 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

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

Positive Sentiment: Bank stocks are attracting capital as investors anticipate rising rates, which could support lending revenue and net interest income. Concerns about AI valuations are also encouraging a shift toward established financial companies. Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks Positive Sentiment: BAC joined 20 other financial institutions in planning a company to issue a U.S. dollar stablecoin in the first half of 2027. The initiative could give Bank of America a role in blockchain-based payments, liquidity and digital-asset infrastructure, although revenue benefits remain several quarters away. Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027 Positive Sentiment: Analysts and market commentary continue to highlight BAC’s valuation, with one estimate indicating approximately 31% potential upside based on intrinsic value. Institutional interest in dividend-paying financial stocks may provide additional support. Bank of America Stock May Be 31% Undervalued Despite Stablecoin Plans Neutral Sentiment: Bank of America says the search for yield is increasing demand for high-quality bonds and changing credit-risk management. The observation supports its fixed-income and investment-banking businesses but does not represent a specific earnings forecast. The hunt for yield is changing how investors trade credit Neutral Sentiment: Routine regulatory disclosures showed Merrill Lynch reducing indirect stakes in several Turkish companies. These transactions appear unrelated to BAC’s core operating outlook. Negative Sentiment: Berkshire Hathaway has reduced its Bank of America position for eight consecutive quarters, a source of potential selling pressure and a negative signal for investors who closely follow Berkshire’s portfolio decisions. Warren Buffett’s Successor Greg Abel Started His Tenure With a Bang Bank of America Stock Up 1.0% BAC stock opened at $62.63 on Thursday. The firm has a 50-day moving average price of $61.45 and a 200-day moving average price of $55.08. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. 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 stock has a market capitalization of $437.93 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. Bank of America (NYSE:BAC – Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. The business had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. As a group, equities research analysts anticipate that Bank of America Corporation will post 4.68 EPS for the current fiscal year.

Bank of America Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. 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 currently 25.69%.

Analyst Upgrades and Downgrades BAC has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Oppenheimer downgraded shares of Bank of America from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. lifted their price objective on shares of Bank of America from $62.50 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods upped their target price on Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Evercore set a $63.00 target price on Bank of America and gave the company an “outperform” rating in a report on Monday, July 6th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.08.

Get Our Latest Report on BAC

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 Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real? GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test

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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.

Benjamin Edwards Inc. lifted its holdings in Bank of America Corporation (NYSE:BAC – Free Report) by 37.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 398,893 shares of the financial services provider’s stock after purchasing an additional 107,905 shares during the period. Benjamin Edwards Inc.’s holdings in Bank of America were worth $22,729,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Alyeska Investment Group L.P. bought a new stake in shares of Bank of America in the second quarter valued at approximately $13,005,000. Spinnaker Trust grew its stake in shares of Bank of America by 1.5% in the second quarter. Spinnaker Trust now owns 18,307 shares of the financial services provider’s stock worth $1,043,000 after acquiring an additional 272 shares during the last quarter. Greenleaf Trust increased its position in Bank of America by 0.3% during the second quarter. Greenleaf Trust now owns 153,609 shares of the financial services provider’s stock worth $8,753,000 after acquiring an additional 443 shares during the period. Washington Trust Bank raised its stake in Bank of America by 0.8% during the 2nd quarter. Washington Trust Bank now owns 47,520 shares of the financial services provider’s stock valued at $2,708,000 after purchasing an additional 357 shares during the last quarter. Finally, New Mexico Educational Retirement Board raised its stake in Bank of America by 5.4% during the 2nd quarter. New Mexico Educational Retirement Board now owns 330,054 shares of the financial services provider’s stock valued at $18,806,000 after purchasing an additional 16,800 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Stock Down 0.5% BAC opened at $61.99 on Tuesday. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. The firm’s fifty day moving average price is $61.27 and its two-hundred day moving average price is $54.95. The company has a market capitalization of $433.48 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.99 and a beta of 1.17.

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, beating analysts’ consensus estimates of $1.13 by $0.08. The company had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The business’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. On average, 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 announced 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 is an increase from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. Bank of America’s payout ratio is presently 25.69%.

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

Positive Sentiment: AI investment is supporting commercial-loan growth. U.S. business lending reached $2.93 trillion, a 10% year-over-year increase and the fastest growth since March 2023. Bank of America said artificial-intelligence capital spending is a key driver, creating potential demand for financing and related banking services. US Banks Want a Bigger Piece Of The AI Trade: Here’s How They’re Getting It Positive Sentiment: Net interest income is showing strong momentum. BAC generated $31.7 billion of net interest income in the first half of 2026, up 9% from a year earlier, helped by loan and deposit growth and asset repricing. Analysts expect the trend to continue through the rest of the year, supporting revenue and earnings. BAC Records 9% Y/Y Growth in NII in 1H26: Will the Uptrend Continue? Positive Sentiment: Bank of America’s broader market outlook has become less defensive. Its market signals moved from “red” to “yellow,” indicating reduced concern about an immediate bear market. This could improve sentiment toward economically sensitive financial stocks, although the bank continues to flag valuation and credit risks. BofA turns S&P 500 signals from red to yellow: What to buy now Neutral Sentiment: Higher rate expectations create both benefits and risks. Rising odds of a Federal Reserve rate hike could support loan yields and net interest income, but may also slow economic activity, pressure borrowers and increase credit-loss concerns. Fed Rate Hike Bets Are Back Negative Sentiment: Valuation is limiting upside. After a strong six-month advance and solid quarterly results, commentary has highlighted BAC as a relatively risky choice at current levels, raising profit-taking concerns if earnings growth or market conditions weaken. 3 Reasons BAC is Risky and 1 Stock to Buy Instead Analyst Upgrades and Downgrades BAC has been the subject of a number of research reports. Citigroup increased their price target on shares of Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Truist Financial upped their price objective on shares of Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods increased their target price on shares of Bank of America from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada lifted their target price on Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Finally, UBS Group boosted their price target on Bank of America from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Bank of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.08.

View Our Latest Stock Report 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.

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Archer Investment Corp acquired a new stake in shares of Bank of America Corporation (NYSE:BAC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,400 shares of the financial services provider’s stock, valued at approximately $1,675,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAC. Norges Bank acquired a new position in Bank of America in the 4th quarter worth approximately $4,774,210,000. Bank of New York Mellon Corp lifted its position in Bank of America by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 57,619,317 shares of the financial services provider’s stock worth $3,169,062,000 after buying an additional 2,929,779 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Bank of America by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider’s stock valued at $2,958,110,000 after buying an additional 1,105,833 shares during the period. Deutsche Bank AG raised its holdings in shares of Bank of America by 5.9% during the fourth quarter. Deutsche Bank AG now owns 47,172,503 shares of the financial services provider’s stock worth $2,594,488,000 after acquiring an additional 2,611,776 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 valued at $2,399,798,000 after purchasing an additional 40,235,201 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets Several brokerages recently commented on BAC. Barclays boosted their price target on Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Citigroup increased their price target on shares of Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Keefe, Bruyette & Woods upped their price objective 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. Morgan Stanley raised their target price on Bank of America from $61.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Argus set a $70.00 price target on shares of Bank of America in a research report on Wednesday, July 15th. Twenty-one research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $64.08.

Read Our Latest Stock Analysis on BAC 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 Bank of America Stock Performance NYSE BAC opened at $62.38 on Monday. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22. The firm has a market cap of $436.21 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 0.99 and a beta of 1.17. 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 50 day moving average of $61.18 and a 200-day moving average of $54.90.

Bank of America (NYSE:BAC – Get Free Report) last issued its quarterly 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 the consensus estimate of $30.78 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. On average, equities analysts forecast that Bank of America Corporation will post 4.68 earnings per share for the current fiscal year.

Bank of America Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, September 4th. This is a boost from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio is currently 25.69%.

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 Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally Rubrik’s AI Security Bet Could Power the Next Leg Higher Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against? 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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Key Takeaways BAC's NII rose 9% y/y to $31.7B in 1H26, with Q2 reaching a record $16B.Loan and deposit growth plus higher-yielding asset repricing supported Bank of America's NII gains.Bank of America expects 2026 NII growth near the upper end of its 6-8% guidance. Bank of America’s (BAC - Free Report) net interest income (NII) has maintained strong momentum so far in 2026, with the metric rising 9% year over year in the first half to $31.7 billion. Particularly, in the second quarter, NII touched a record $16 billion.

The improvement has been supported by healthy balance-sheet growth and favorable asset repricing, helping the company counter the adverse impact of relatively lower average short-term interest rates.

A key driver has been solid loan and deposit growth. In the first six months of this year, average loans and leases climbed 8.3% year over year to $1.20 trillion, with commercial lending remaining particularly strong. Meanwhile, average deposits rose 2.7% to $2.02 trillion. The expansion of lower-cost deposits, including non-interest-bearing balances, has helped support funding costs and NII.

The continued repricing of fixed-rate assets at higher yields has provided a meaningful tailwind. As lower-yielding securities and loans originated in earlier years mature, they are being replaced with assets carrying relatively better yields. These factors also helped Bank of America’s net interest yield improve to 2.08% in the second quarter from 1.94% a year earlier despite lower average short-term rates weighing on variable-rate asset yields.

The uptrend in NII is likely to continue through the remainder of 2026, although the year-over-year growth rate could moderate somewhat because of tougher comparisons in the second half. Management expects 2026 NII growth to be near the upper end of its 6-8% guidance. The outlook assumes modest loan and deposit growth during the second half and continued benefits from fixed-rate asset repricing and balance-sheet optimization.

NII Trajectory of BAC’s PeersLet us examine the NII trend of two of BAC’s closest peers, JPMorgan (JPM - Free Report) and Citigroup (C - Free Report) , over the past few years.

JPMorgan continues to benefit from an asset-sensitive balance sheet, broad loan growth and a durable deposit base. Though the company’s NII declined in 2021 due to near-zero interest rates, the metric posted a five-year (2020-2025) compound annual growth rate (CAGR) of 11.8%. This was largely driven by the acquisition of First Republic Bank in 2023 and the high-interest-rate regime since 2022. This upward momentum persisted in the first half of 2026.

With interest rates less likely to move lower in the near term and a rate hike in the cards later in the year, these are likely to be positive catalysts for JPMorgan. Management raised its 2026 NII outlook to $105.5 billion from the previous target of $103 billion.

Likewise, Citigroup's spread income remains a core support for revenue growth, backed by higher loan balances and stable deposit trends. NII witnessed a three-year (ended 2025) CAGR of 6.2%, with the uptrend continuing in the first half of 2026. Citigroup expects NII, excluding Markets, to increase 5-6% in 2026, supported by loan growth and stabilizing funding dynamics.

Bank of America’s Price Performance, Valuation & EstimatesIn the past six months, BAC shares have gained 25.1% compared with the industry’s 19.4% growth.

Image Source: Zacks Investment Research

From a valuation standpoint, Bank of America trades at a 12-month trailing price-to-tangible book (P/TB) of 2.20X, below the industry average of 3.34.

Image Source: Zacks Investment Research

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

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.

Bamco Inc. NY lifted its stake in Bank of America Corporation (NYSE:BAC) by 45.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,994 shares of the financial services provider’s stock after buying an additional 12,794 shares during the quarter. Bamco Inc. NY’s holdings in Bank of America were worth $2,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Handelsbanken Fonder AB lifted its position in shares of Bank of America by 53.0% during the fourth quarter. Handelsbanken Fonder AB now owns 4,629,553 shares of the financial services provider’s stock worth $254,625,000 after purchasing an additional 1,603,080 shares in the last quarter. E Fund Management Co. Ltd. bought a new stake in Bank of America in the second quarter valued at about $4,089,000. Bernicke Wealth Management Ltd. acquired a new stake in shares of Bank of America during the 2nd quarter valued at approximately $2,132,000. Legal & General Group Plc raised its holdings in shares of Bank of America by 3.4% during the fourth quarter. Legal & General Group Plc now owns 45,411,913 shares of the financial services provider’s stock worth $2,497,655,000 after purchasing an additional 1,487,809 shares during the period. Finally, Mondrian Investment Partners LTD lifted its holdings in Bank of America by 34.3% in the fourth quarter. Mondrian Investment Partners LTD now owns 2,175,401 shares of the financial services provider’s stock worth $119,647,000 after acquiring an additional 555,063 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets BAC has been the topic of a number of recent research reports. Citigroup raised their target price on Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Barclays upped their target price on Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Argus set a $70.00 price objective on shares of Bank of America in a research report on Wednesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $75.00 target price on shares of Bank of America in a research report on Tuesday, July 14th. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.08.

Check Out Our Latest Analysis on Bank of America Bank of America Price Performance NYSE:BAC opened at $62.38 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22. The company has a fifty day moving average price of $61.18 and a 200 day moving average price of $54.92. The stock has a market cap of $436.21 billion, a P/E ratio of 14.31, a PEG ratio of 0.98 and a beta of 1.17.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly 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 company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $30.78 billion. During the same period last year, the business posted $0.89 EPS. The business’s quarterly revenue was up 19.6% on a year-over-year basis. Analysts anticipate 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. Investors of record on Friday, September 4th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, September 4th. Bank of America’s dividend payout ratio (DPR) is 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’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 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.

Featured Articles 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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Basswood Capital Management L.L.C. grew its position in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 13.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,103,476 shares of the financial services provider’s stock after buying an additional 250,769 shares during the quarter. Bank of America accounts for approximately 4.8% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 3rd biggest holding. Basswood Capital Management L.L.C.’s holdings in Bank of America were worth $119,856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Handelsbanken Fonder AB grew its holdings in Bank of America by 53.0% during the 4th quarter. Handelsbanken Fonder AB now owns 4,629,553 shares of the financial services provider’s stock valued at $254,625,000 after buying an additional 1,603,080 shares in the last quarter. E Fund Management Co. Ltd. bought a new position in shares of Bank of America during the 2nd quarter valued at approximately $4,089,000. Bernicke Wealth Management Ltd. bought a new position in shares of Bank of America during the 2nd quarter valued at approximately $2,132,000. Legal & General Group Plc grew its holdings in shares of Bank of America by 3.4% in the fourth quarter. Legal & General Group Plc now owns 45,411,913 shares of the financial services provider’s stock valued at $2,497,655,000 after purchasing an additional 1,487,809 shares in the last quarter. Finally, Mondrian Investment Partners LTD grew its holdings in shares of Bank of America by 34.3% in the fourth quarter. Mondrian Investment Partners LTD now owns 2,175,401 shares of the financial services provider’s stock valued at $119,647,000 after purchasing an additional 555,063 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America News Roundup 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 Upgrades and Downgrades A number of equities research analysts recently issued reports on the stock. Argus set a $70.00 price target on shares of Bank of America in a research note on Wednesday, July 15th. Barclays lifted their price objective on shares of Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on Bank of America from $62.50 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Oppenheimer lowered shares of Bank of America from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Morgan Stanley lifted their price target 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 assigned a Hold rating to the stock. According to MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.08. Read Our Latest Research Report on BAC

Bank of America Stock Up 2.0% NYSE:BAC opened at $62.38 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. The company’s fifty day moving average price is $61.18 and its 200-day moving average price is $54.92. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22. The firm has a market capitalization of $436.21 billion, a P/E ratio of 14.31, a PEG ratio of 0.98 and a beta of 1.17.

Bank of America (NYSE:BAC – Get Free Report) last announced its quarterly 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. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $30.78 billion. During the same period in the previous year, the company posted $0.89 earnings per share. Bank of America’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, equities research analysts anticipate that Bank of America Corporation will post 4.68 EPS 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. Investors of record on Friday, September 4th will be paid 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 an increase from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio (DPR) is presently 25.69%.

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.

See Also 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?

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Greenspring Advisors LLC purchased a new position in Bank of America Corporation (NYSE:BAC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,236 shares of the financial services provider’s stock, valued at approximately $811,000.

Other large investors have also added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. bought a new position in Bank of America in the 2nd quarter worth $25,000. Abound Financial LLC bought a new stake in shares of Bank of America during the 4th quarter valued at about $26,000. Wiser Advisor Group LLC bought a new stake in shares of Bank of America during the 3rd quarter valued at about $27,000. CrossGen Wealth LLC purchased a new position in shares of Bank of America during the fourth quarter valued at about $30,000. Finally, Joseph Group Capital Management bought a new position in Bank of America in the fourth quarter worth about $32,000. Institutional investors own 70.71% of the company’s stock.

Bank of America Stock Performance Shares of BAC opened at $62.35 on Tuesday. Bank of America Corporation has a 52 week low of $46.12 and a 52 week high of $65.22. The stock has a market cap of $436.03 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.98 and a beta of 1.17. The business’s 50 day moving average price is $60.73 and its 200-day moving average price is $54.73. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly 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. The firm 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%.Bank of America’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. Equities research analysts anticipate that Bank of America Corporation will post 4.68 earnings per share for the current fiscal year. Bank of America Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, September 4th. This represents a $1.28 annualized dividend and a 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 25.69%.

Wall Street Analysts Forecast Growth Several analysts have commented on BAC shares. Morgan Stanley raised their price objective on shares of Bank of America from $61.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Royal Bank Of Canada upped their target price on Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Evercore set a $63.00 target price on Bank of America and gave the stock an “outperform” rating in a research report on Monday, July 6th. UBS Group lifted their price target on Bank of America from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Robert W. Baird upped their price target on Bank of America from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.08.

Check Out Our Latest Analysis on BAC

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

Positive Sentiment: Higher dividend income reinforces BAC’s appeal: Bank of America has increased its payout again, generating approximately $619 million in annual dividend income for Warren Buffett’s Berkshire Hathaway. The dividend growth supports the stock’s income-investment case and signals confidence in capital generation. Iconic bank stock pays Buffett’s Berkshire $619M in annual dividends Positive Sentiment: Preferred-share yields attract income investors: Analysis highlighting Bank of America preferred shares offering yields of roughly 6.6% may improve visibility for the company’s broader capital-return and income-investment story, though preferred securities do not directly increase common-stock earnings. Bank of America Offers Good Alternative To Treasuries Neutral Sentiment: Bank of America disclosed new strategic holdings: The company reported crossing a 10% stake in Lakefront Biotherapeutics and raising an indirect stake in Sanifoam above 5% under regulatory transparency rules. These disclosures appear to reflect investment or custody activity and are not expected to materially change BAC’s operating outlook. Bank of America Builds 10% Stake in Lakefront Biotherapeutics Neutral Sentiment: Market sentiment remains supportive: Bank of America’s fund-manager survey found rising equity optimism and cash allocations near historic lows. Stronger risk appetite could benefit banking activity and markets, but it also raises the possibility of positioning becoming crowded. Investor bullishness surges as BofA survey shows cash levels near historic lows Negative Sentiment: AI could widen consumer credit risks: Bank of America research suggests artificial intelligence is creating financial winners and losers and could eventually affect consumers’ access to credit. If weaker borrowers face increased pressure, the trend could pose longer-term risks to loan growth and credit quality. BofA finds AI is creating a credit divide (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 Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here 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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Encore Global Management LP purchased a new stake in Bank of America Corporation (NYSE:BAC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,000 shares of the financial services provider’s stock, valued at approximately $2,279,000. Bank of America comprises about 2.2% of Encore Global Management LP’s investment portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BAC. Turim 21 Investimentos Ltda. acquired a new position in Bank of America in the second quarter valued at $25,000. Abound Financial LLC acquired a new stake in shares of Bank of America during the fourth quarter worth about $26,000. Wiser Advisor Group LLC acquired a new stake in shares of Bank of America during the third quarter worth about $27,000. CrossGen Wealth LLC purchased a new stake in shares of Bank of America in the 4th quarter valued at about $30,000. Finally, Joseph Group Capital Management purchased a new stake in shares of Bank of America in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

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

Positive Sentiment: Higher dividend income reinforces BAC’s appeal: Bank of America has increased its payout again, generating approximately $619 million in annual dividend income for Warren Buffett’s Berkshire Hathaway. The dividend growth supports the stock’s income-investment case and signals confidence in capital generation. Iconic bank stock pays Buffett’s Berkshire $619M in annual dividends Positive Sentiment: Preferred-share yields attract income investors: Analysis highlighting Bank of America preferred shares offering yields of roughly 6.6% may improve visibility for the company’s broader capital-return and income-investment story, though preferred securities do not directly increase common-stock earnings. Bank of America Offers Good Alternative To Treasuries Neutral Sentiment: Bank of America disclosed new strategic holdings: The company reported crossing a 10% stake in Lakefront Biotherapeutics and raising an indirect stake in Sanifoam above 5% under regulatory transparency rules. These disclosures appear to reflect investment or custody activity and are not expected to materially change BAC’s operating outlook. Bank of America Builds 10% Stake in Lakefront Biotherapeutics Neutral Sentiment: Market sentiment remains supportive: Bank of America’s fund-manager survey found rising equity optimism and cash allocations near historic lows. Stronger risk appetite could benefit banking activity and markets, but it also raises the possibility of positioning becoming crowded. Investor bullishness surges as BofA survey shows cash levels near historic lows Negative Sentiment: AI could widen consumer credit risks: Bank of America research suggests artificial intelligence is creating financial winners and losers and could eventually affect consumers’ access to credit. If weaker borrowers face increased pressure, the trend could pose longer-term risks to loan growth and credit quality. BofA finds AI is creating a credit divide Wall Street Analysts Forecast Growth A number of equities research analysts have weighed in on BAC shares. UBS Group boosted their price objective on Bank of America from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods raised their target price 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Daiwa Securities Group upped their price target on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. raised their price target on Bank of America from $62.50 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Bank of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.08. Read Our Latest Stock Analysis on BAC

Bank of America Stock Up 1.1% BAC opened at $62.35 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The stock has a market capitalization of $436.03 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.98 and a beta of 1.17. The business has a 50 day simple moving average of $60.73 and a 200-day simple moving average of $54.73.

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 for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 19.6% on a year-over-year basis. On average, equities analysts anticipate that Bank of America Corporation will post 4.68 earnings per share for the current fiscal year.

Bank of America Increases Dividend The business 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. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, September 4th. Bank of America’s dividend payout ratio is 25.69%.

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 Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here 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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Caldwell Investment Management Ltd. purchased a new position in Bank of America Corporation (NYSE:BAC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 370,400 shares of the financial services provider’s stock, valued at approximately $21,090,000. Bank of America accounts for about 13.8% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its 3rd largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB raised its stake in shares of Bank of America by 53.0% during the fourth quarter. Handelsbanken Fonder AB now owns 4,629,553 shares of the financial services provider’s stock valued at $254,625,000 after acquiring an additional 1,603,080 shares during the last quarter. E Fund Management Co. Ltd. bought a new stake in shares of Bank of America in the second quarter worth about $4,089,000. Legal & General Group Plc lifted its holdings in Bank of America by 3.4% in the 4th quarter. Legal & General Group Plc now owns 45,411,913 shares of the financial services provider’s stock worth $2,497,655,000 after buying an additional 1,487,809 shares during the period. Mondrian Investment Partners LTD lifted its holdings in Bank of America by 34.3% in the 4th quarter. Mondrian Investment Partners LTD now owns 2,175,401 shares of the financial services provider’s stock worth $119,647,000 after buying an additional 555,063 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Bank of America in the 1st quarter worth approximately $67,507,000. Institutional investors own 70.71% of the company’s stock.

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

Positive Sentiment: Higher dividend income reinforces BAC’s appeal: Bank of America has increased its payout again, generating approximately $619 million in annual dividend income for Warren Buffett’s Berkshire Hathaway. The dividend growth supports the stock’s income-investment case and signals confidence in capital generation. Iconic bank stock pays Buffett’s Berkshire $619M in annual dividends Positive Sentiment: Preferred-share yields attract income investors: Analysis highlighting Bank of America preferred shares offering yields of roughly 6.6% may improve visibility for the company’s broader capital-return and income-investment story, though preferred securities do not directly increase common-stock earnings. Bank of America Offers Good Alternative To Treasuries Neutral Sentiment: Bank of America disclosed new strategic holdings: The company reported crossing a 10% stake in Lakefront Biotherapeutics and raising an indirect stake in Sanifoam above 5% under regulatory transparency rules. These disclosures appear to reflect investment or custody activity and are not expected to materially change BAC’s operating outlook. Bank of America Builds 10% Stake in Lakefront Biotherapeutics Neutral Sentiment: Market sentiment remains supportive: Bank of America’s fund-manager survey found rising equity optimism and cash allocations near historic lows. Stronger risk appetite could benefit banking activity and markets, but it also raises the possibility of positioning becoming crowded. Investor bullishness surges as BofA survey shows cash levels near historic lows Negative Sentiment: AI could widen consumer credit risks: Bank of America research suggests artificial intelligence is creating financial winners and losers and could eventually affect consumers’ access to credit. If weaker borrowers face increased pressure, the trend could pose longer-term risks to loan growth and credit quality. BofA finds AI is creating a credit divide Bank of America Trading Up 1.1% Bank of America stock opened at $62.35 on Tuesday. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. 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 business’s fifty day simple moving average is $60.73 and its two-hundred day simple moving average is $54.73. The company has a market capitalization of $436.03 billion, a price-to-earnings ratio of 14.30, 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 quarterly 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. The firm 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%.Bank of America’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. As a group, equities analysts predict that Bank of America Corporation will post 4.68 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In A number of brokerages recently commented on BAC. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Barclays raised their target price on shares of Bank of America from $71.00 to $72.00 and gave the stock an “overweight” 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 company an “overweight” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada increased their price target on shares of Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Truist Financial lifted their price objective 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. Twenty-one research 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 company presently has an average rating of “Moderate Buy” and an average target price of $64.08.

View Our Latest Stock Analysis on Bank of America

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.

Featured Stories Five stocks we like better than Bank of America Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here 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).

Receive News & Ratings for Bank of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of America and related companies with MarketBeat.com's FREE daily email newsletter.

Bernicke Wealth Management Ltd. purchased a new position in Bank of America Corporation (NYSE:BAC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 37,416 shares of the financial services provider’s stock, valued at approximately $2,132,000. Bank of America comprises approximately 0.2% of Bernicke Wealth Management Ltd.’s holdings, making the stock its 27th largest position.

A number of other institutional investors also recently bought and sold shares of BAC. Brighton Jones LLC lifted its position in Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after purchasing an additional 25,143 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Bank of America by 40.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after purchasing an additional 6,174 shares during the period. Jump Financial LLC grew its stake in shares of Bank of America by 38.4% during the 2nd quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider’s stock worth $3,108,000 after purchasing an additional 18,227 shares during the period. Nebula Research & Development LLC purchased a new position in shares of Bank of America during the 2nd quarter valued at approximately $1,396,000. Finally, Vivaldi Capital Management LP lifted its stake in shares of Bank of America by 4.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 355 shares during the period. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Trading Up 1.1% Shares of BAC stock opened at $62.35 on Tuesday. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week 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 stock’s fifty day moving average is $60.73 and its two-hundred day moving average is $54.73. The firm has a market capitalization of $436.03 billion, a P/E ratio of 14.30, a PEG ratio of 0.98 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, topping analysts’ consensus estimates of $1.13 by $0.08. The business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The company’s revenue for the quarter 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. Research analysts expect that Bank of America Corporation will post 4.68 earnings per share 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. Investors of record on Friday, September 4th will be paid 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 yield of 2.1%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio is currently 25.69%.

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

Positive Sentiment: Higher dividend income reinforces BAC’s appeal: Bank of America has increased its payout again, generating approximately $619 million in annual dividend income for Warren Buffett’s Berkshire Hathaway. The dividend growth supports the stock’s income-investment case and signals confidence in capital generation. Iconic bank stock pays Buffett’s Berkshire $619M in annual dividends Positive Sentiment: Preferred-share yields attract income investors: Analysis highlighting Bank of America preferred shares offering yields of roughly 6.6% may improve visibility for the company’s broader capital-return and income-investment story, though preferred securities do not directly increase common-stock earnings. Bank of America Offers Good Alternative To Treasuries Neutral Sentiment: Bank of America disclosed new strategic holdings: The company reported crossing a 10% stake in Lakefront Biotherapeutics and raising an indirect stake in Sanifoam above 5% under regulatory transparency rules. These disclosures appear to reflect investment or custody activity and are not expected to materially change BAC’s operating outlook. Bank of America Builds 10% Stake in Lakefront Biotherapeutics Neutral Sentiment: Market sentiment remains supportive: Bank of America’s fund-manager survey found rising equity optimism and cash allocations near historic lows. Stronger risk appetite could benefit banking activity and markets, but it also raises the possibility of positioning becoming crowded. Investor bullishness surges as BofA survey shows cash levels near historic lows Negative Sentiment: AI could widen consumer credit risks: Bank of America research suggests artificial intelligence is creating financial winners and losers and could eventually affect consumers’ access to credit. If weaker borrowers face increased pressure, the trend could pose longer-term risks to loan growth and credit quality. BofA finds AI is creating a credit divide Analyst Upgrades and Downgrades A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of America from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. UBS Group upped their price target on Bank of America from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price objective on shares of Bank of America in a report on Tuesday, July 14th. Evercore set a $63.00 price objective on Bank of America and gave the company an “outperform” rating in a research report on Monday, July 6th. Finally, Morgan Stanley lifted their price target 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 analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.08.

Get Our Latest Research Report on Bank of America

(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.

Read More Five stocks we like better than Bank of America Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here 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).

Receive News & Ratings for Bank of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of America and related companies with MarketBeat.com's FREE daily email newsletter.

Ally Financial Inc. 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 Securities & Exchange Commission. The fund purchased 100,000 shares of the financial services provider’s stock, valued at approximately $5,698,000. Bank of America comprises approximately 0.7% of Ally Financial Inc.’s portfolio, making the stock its 29th largest holding.

Several other large investors also recently bought and sold shares of the stock. Turim 21 Investimentos Ltda. acquired a new stake in shares of Bank of America during the second quarter worth about $25,000. Abound Financial LLC acquired a new stake in shares of Bank of America in the 4th quarter valued at about $26,000. Wiser Advisor Group LLC acquired a new stake in shares of Bank of America in the 3rd quarter valued at about $27,000. CrossGen Wealth LLC purchased a new position in Bank of America during the 4th quarter worth approximately $30,000. Finally, Joseph Group Capital Management purchased a new position in Bank of America during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Price Performance Bank of America stock opened at $62.26 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. The business has a 50 day simple moving average of $60.96 and a 200-day simple moving average of $54.83. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The stock has a market capitalization of $435.37 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.00 and a beta of 1.17.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. The firm had revenue of $31.56 billion for the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. Bank of America’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. Equities analysts predict 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. Stockholders of record on Friday, September 4th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. Bank of America’s payout ratio is presently 25.69%.

Analyst Upgrades and Downgrades A number of brokerages have weighed in on BAC. Truist Financial boosted their price objective on Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Oppenheimer lowered shares of Bank of America from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. UBS Group lifted their target price on shares of Bank of America from $68.00 to $70.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada increased their price target on shares of Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.08.

View Our Latest Analysis on BAC

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

Positive Sentiment: Bank of America’s approximately $40 billion share-repurchase authorization could retire as much as 11% of outstanding shares, potentially supporting earnings per share and providing a valuation floor. The buyback is particularly notable following the company’s recent earnings beat and 19.6% year-over-year revenue growth. Bank of America stock information Positive Sentiment: Bank of America analysts continue to influence investor views on artificial intelligence, semiconductors and global markets. Positive calls on Nvidia and SK Hynix reinforce the bank’s research franchise and could support investment-banking and trading activity, although these reports do not directly change BAC’s fundamentals. BofA analyst Nvidia outlook Neutral Sentiment: The bank issued several senior unsecured medium-term notes in August, including bonds maturing from 2029 through 2046. The issuance adds funding and liquidity but also increases interest expense and leverage, making the net shareholder impact dependent on how the proceeds are used. Bank of America debt issuance and AI research Negative Sentiment: SEC subpoenas involving major prime brokers, including Bank of America, create a regulatory overhang. The investigation focuses on leverage and risk controls tied to a heavily leveraged hedge fund; while immediate solvency risk appears limited, tighter margin rules could reduce trading activity and raise compliance costs. SEC subpoena and banking-sector liquidity analysis Negative Sentiment: Bank of America expects to spend at least $250 million annually on GLP-1 weight-loss drugs for employees. Management views the benefit as worthwhile, but the expense could pressure operating costs and margins. Bank of America employee GLP-1 spending 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.

Recommended Stories Five stocks we like better than Bank of America Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise Alcoa’s Gallium Project Opens a New Door Beyond Aluminum Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech Can Tesla’s Flying Roadster Distract From Its Real Risks? 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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Algert Global LLC bought a new position in shares of Bank of America Corporation (NYSE:BAC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 162,088 shares of the financial services provider’s stock, valued at approximately $9,236,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. grew its holdings in shares of Bank of America by 3.6% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,889 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 168 shares in the last quarter. Orca Wealth Management LLC grew its stake in shares of Bank of America by 0.5% in the 2nd quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider’s stock worth $1,999,000 after buying an additional 179 shares in the last quarter. Financial Consulate Inc. grew its stake in shares of Bank of America by 4.0% in the 2nd quarter. Financial Consulate Inc. now owns 4,741 shares of the financial services provider’s stock worth $270,000 after buying an additional 181 shares in the last quarter. Money Concepts Capital Corp increased its holdings in shares of Bank of America by 3.8% in the 4th quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock worth $273,000 after buying an additional 182 shares during the last quarter. Finally, Operose Advisors LLC increased its holdings in shares of Bank of America by 0.9% in the 4th quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider’s stock worth $1,123,000 after buying an additional 185 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America Trading Down 0.3% BAC stock opened at $62.26 on Thursday. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The firm’s 50-day moving average is $60.96 and its 200 day moving average is $54.83. The company has a market capitalization of $435.37 billion, a PE ratio of 14.28, a P/E/G ratio of 1.00 and a beta of 1.17. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82.

Bank of America (NYSE:BAC – Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.08. The company had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. On average, research analysts anticipate that Bank of America Corporation will post 4.68 EPS for the current year. Bank of America Increases Dividend The company also recently declared 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio is currently 25.69%.

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

Positive Sentiment: Bank of America’s approximately $40 billion share-repurchase authorization could retire as much as 11% of outstanding shares, potentially supporting earnings per share and providing a valuation floor. The buyback is particularly notable following the company’s recent earnings beat and 19.6% year-over-year revenue growth. Bank of America stock information Positive Sentiment: Bank of America analysts continue to influence investor views on artificial intelligence, semiconductors and global markets. Positive calls on Nvidia and SK Hynix reinforce the bank’s research franchise and could support investment-banking and trading activity, although these reports do not directly change BAC’s fundamentals. BofA analyst Nvidia outlook Neutral Sentiment: The bank issued several senior unsecured medium-term notes in August, including bonds maturing from 2029 through 2046. The issuance adds funding and liquidity but also increases interest expense and leverage, making the net shareholder impact dependent on how the proceeds are used. Bank of America debt issuance and AI research Negative Sentiment: SEC subpoenas involving major prime brokers, including Bank of America, create a regulatory overhang. The investigation focuses on leverage and risk controls tied to a heavily leveraged hedge fund; while immediate solvency risk appears limited, tighter margin rules could reduce trading activity and raise compliance costs. SEC subpoena and banking-sector liquidity analysis Negative Sentiment: Bank of America expects to spend at least $250 million annually on GLP-1 weight-loss drugs for employees. Management views the benefit as worthwhile, but the expense could pressure operating costs and margins. Bank of America employee GLP-1 spending Wall Street Analysts Forecast Growth BAC has been the subject of a number of analyst reports. Oppenheimer downgraded shares of Bank of America from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. boosted their price objective on Bank of America from $62.50 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Evercore set a $63.00 target price on Bank of America and gave the stock an “outperform” rating in a report on Monday, July 6th. Citigroup boosted their target price on Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Barclays lifted their price objective on shares of Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.08.

Get Our Latest Stock Report 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.

See Also Five stocks we like better than Bank of America Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise Alcoa’s Gallium Project Opens a New Door Beyond Aluminum Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech Can Tesla’s Flying Roadster Distract From Its Real Risks? 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).

Receive News & Ratings for Bank of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of America and related companies with MarketBeat.com's FREE daily email newsletter.

Key Takeaways Bank of America is using AI, digital adoption and branch optimization to improve operating leverage.Erica surpassed 3.2B interactions, while EricaAssist supports more than 18,000 service representatives.BAC plans more than 150 new financial centers by 2027, but near-term expense pressure remains. Bank of America (BAC - Free Report) has increasingly been using artificial intelligence (AI), digital adoption and branch optimization to improve operating leverage. With more than 69 million consumer and small-business clients, nearly 50 million active digital users, and 3,500 financial centers, BAC has the scale to shift routine servicing to lower-cost digital channels while using branches for higher-value advisory and relationship banking.

AI is central to this strategy. Erica, BAC’s AI-powered virtual assistant, has surpassed 3.2 billion client interactions, while generative AI-enabled EricaAssist supports more than 18,000 customer-service representatives. Greater automation across servicing and internal processes could reduce manual workloads, improve productivity and support stronger pretax margins.

Recent results already point to better operating leverage. In the second quarter of 2026, the company’s revenues rose 15% year over year to $31.6 billion, while non-interest expenses increased 8% to $18.6 billion. The efficiency ratio improved to 59.02% from 62.61%, net income climbed 27% and the return on average tangible common equity increased to 17.03% from 13.61%.

BAC is complementing its digital push with targeted branch expansion. It plans to open more than 150 financial centers across 60 markets by the end of 2027, while optimizing its existing footprint. This “phygital” strategy could support deposit growth, deepen client relationships and expand cross-selling opportunities without significantly increasing fixed costs. Its proposed investment of up to 49.9% in Jio Credit also provides exposure to India’s growing digital lending market.

Thus, investors may be tempted to buy the BAC stock to capitalize on improving operating leverage, AI-led productivity gains and branch optimization. However, the sustainability of these benefits will depend on BAC’s ability to convert technology investments into durable expense efficiencies, revenue growth and healthy returns on capital. Therefore, investors should assess the bank’s fundamentals and growth outlook before determining whether the stock offers meaningful upside.

Bank of America’s Key Fundamental StrengthsRobust Top-Line Growth: Bank of America has maintained a solid revenue growth trajectory over the past several years, supported by expanding loan balances, higher net interest income (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 $123.9 billion for 2026 and $130.4 billion for 2027, implying year-over-year growth of 12.4% and 5.2%, respectively.

Revenue Growth Estimates
Image Source: Zacks Investment Research

Strong Recovery in Investment Banking (IB) Business: Bank of America’s 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 further 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, up 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.

Strong Liquidity & Funding Profile: Despite carrying $732.1 billion of 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.

Analyzing Bank of America’s Price Performance & ValuationSo far this year, shares of Bank of America have gained 13.1%, outperforming the S&P 500 Index’s 11.8% rally and the industry’s 12% growth.

If we look at BAC’s two key peers, JPMorgan (JPM - Free Report) and Citigroup (C - Free Report) , it appears that while BAC has outperformed JPM year to date, it has underperformed Citigroup.

Shares of JPMorgan have gained 10.6%, whereas the Citigroup stock has appreciated 14.5%.

YTD Price Performance
Image Source: Zacks Investment Research

Looking at Bank of America’s valuation, the stock is currently trading at a 12-month forward price-to-earnings (P/E) of 12.28X, which is below the industry’s 14.08X. This shows that BAC is currently trading at a discount relative to the industry average.

P/E (F12M) Ratio
Image Source: Zacks Investment Research

JPMorgan has a P/E (F12M) of 14.27X, while Citigroup’s ratio is 10.82X. Thus, currently, BAC is overvalued compared with Citigroup but undervalued compared with JPMorgan.

Final Verdict on Bank of AmericaBAC’s long-term investment case remains supported by its growing use of AI, extensive customer data and a strategy that combines digital efficiency with selective branch expansion. It also benefits from one of the largest and relatively low-cost deposit franchises in the U.S. banking industry. This stable funding base, together with loan growth, fixed-rate asset repricing and improving NII, should continue to support revenues and profitability.

The earnings outlook is also encouraging. Over the past 30 days, the Zacks Consensus Estimate for BAC’s 2026 and 2027 earnings has moved higher. The estimates imply year-over-year earnings growth of 22.8% for 2026 and 12.6% for 2027.

Earnings Estimate Revision
Image Source: Zacks Investment Research

Nonetheless, expense growth remains a key concern. BAC’s non-interest expenses saw a CAGR of 4.1% from 2019 to 2025, and costs are expected to remain elevated in the near term as the company continues investing in technology, people and its distribution network. Persistent expense pressure could limit the pace of margin expansion and partially offset the benefits of higher revenues and AI-driven productivity gains.

Therefore, despite solid revenue prospects, an improving earnings outlook and favorable long-term benefits from AI and branch optimization, the near-term risk-reward does not appear compelling enough to warrant fresh investment in BAC stock.

Existing shareholders, however, may consider retaining the stock, given the bank’s long-term efficiency potential. Bank of America currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

(Kitco News) - For the third consecutive week, speculative investors increased their bullish bets on gold, in part due to growing uncertainty surrounding the sustainability of U.S. government debt, reigniting the debasement trade.

Although bullish speculative positioning has reached its highest level so far this year, sentiment remains below where it was 12 months ago and substantially lower compared to the start of the year.

The CFTC's disaggregated Commitments of Traders report for the week ending Aug. 18 showed money managers increased their speculative gross long positions in Comex gold futures by 5,961 contracts to 154,595. At the same time, short positions increased by 1,975 contracts to 12,947.

Gold’s net length now stands at 141,648 contracts, the highest level since late September. In the last three weeks, gold’s net length has increased by 18% and is seeing its longest consecutive increase since June.

According to Bank of America’s August Global Fund Manager Survey, gold still has the potential to move higher as sentiment has been fairly lackluster.

The survey, published last week, said that gold appears to be at its most undervalued since March 2023. According to the report, 16% of fund managers said gold was undervalued, compared to 6% in July.

“Our Commodity Strategy team's model suggests current investor buying is more consistent with a gold price of $4,000 and investor purchases must accelerate before the price can reach $5,000,” said Candace Browning Platt, Head of Global Research at BofA, in a note Sunday.

“Central bank buying is already doing its part and was well above the 12-month average in June. A dovish Jackson Hole gathering this week would be bullish.”

Although the gold market has seen a significant recovery from July’s lows, some analysts note that the market still has plenty of potential as the $5,000 level starts to come into focus. Speculative momentum is still down from its 12-month high, when net length stood at 165,519 contracts. Meanwhile, gold’s recent speculative peak came in early January 2025, when the market was net long by 215,000 contracts.

Although sentiment in the gold market has turned demonstrably bullish, some analysts also note that the precious metal continues to face headwinds, as rising oil prices are driving inflation fears and could force the Federal Reserve to raise interest rates before the end of the year.

“USD debasement fears should see gold be well-supported in the coming weeks, as the Fed has not been sending a clear signal it is ready to fight higher inflation,” said Bart Melek, Head of Commodity Strategy at TD Securities. “However, it's too early for the metal to surge to our $5,350/oz target, given the risk rates on the short term may eventually rise as crude grinds higher.”

See live precious metals prices for gold, silver, platinum and palladium — in USD, CAD and 12 more currencies.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

CM Wealth Advisors LLC bought a new position in shares of Bank of America Corporation (NYSE:BAC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,648 shares of the financial services provider’s stock, valued at approximately $721,000.

Several other hedge funds have also recently bought and sold shares of BAC. Norges Bank purchased a new stake in Bank of America during the fourth quarter worth approximately $4,774,210,000. Capital International Investors acquired a new stake in shares of Bank of America in the fourth quarter worth $2,357,461,000. Deutsche Bank AG purchased a new position in shares of Bank of America in the 2nd quarter valued at $2,359,172,000. Bank of New York Mellon Corp purchased a new position in shares of Bank of America in the 2nd quarter valued at $2,313,953,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Bank of America by 640.5% during the 3rd 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 valued at $2,399,798,000 after acquiring an additional 40,235,201 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Price Performance Shares of BAC stock opened at $61.73 on Monday. The firm has a fifty day simple moving average of $60.60 and a 200-day simple moving average of $54.67. The company has a market capitalization of $431.66 billion, a PE 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 twelve month low of $46.12 and a twelve month high of $65.22. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23.

Bank of America (NYSE:BAC – Get Free Report) last released its quarterly 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 firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $30.78 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. Equities research analysts anticipate that Bank of America Corporation will post 4.68 earnings per share for the current fiscal year. Bank of America Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.32 per share. This is a boost from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, September 4th. Bank of America’s payout ratio is 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’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 Analyst Upgrades and Downgrades A number of brokerages recently weighed in on BAC. UBS Group upped their price target on shares of Bank of America from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Oppenheimer lowered Bank of America from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Daiwa Securities Group boosted their price objective 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. Robert W. Baird increased their target price on Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company increased their target price on Bank of America from $67.00 to $69.00 and gave the company an “overweight” rating in a research note 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.08.

Get Our Latest Report on BAC

(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.

Featured Articles Five stocks we like better than Bank of America VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over 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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Analyst’s Disclosure: I/we have a beneficial long position in the shares of BAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Cypress Asset Management Inc. TX purchased a new stake in Bank of America Corporation (NYSE:BAC – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 18,342 shares of the financial services provider’s stock, valued at approximately $1,045,000.

Other large investors also recently modified their holdings of the company. Abound Financial LLC bought a new stake in Bank of America during the fourth quarter worth about $26,000. Wiser Advisor Group LLC acquired a new position in Bank of America during the third quarter valued at approximately $27,000. CrossGen Wealth LLC bought a new position in Bank of America in the fourth quarter valued at approximately $30,000. Joseph Group Capital Management bought a new position in Bank of America in the fourth quarter valued at approximately $32,000. Finally, Vermillion Wealth Management Inc. increased its position in shares of Bank of America by 199.1% during the 1st quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 438 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth A number of brokerages have recently issued reports on BAC. Wells Fargo & Company upped their price objective on Bank of America from $67.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Daiwa Securities Group raised their target price on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Keefe, Bruyette & Woods boosted their target price 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. Barclays upped their price target on shares of Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada increased their price target on shares of Bank of America from $59.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.08.

Read Our Latest Stock Analysis 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 Bank of America Stock Performance BAC opened at $61.73 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23. Bank of America Corporation has a 12-month low of $46.12 and a 12-month high of $65.22. The business has a 50 day moving average of $60.60 and a 200-day moving average of $54.67. The stock has a market cap of $431.66 billion, a price-to-earnings ratio of 14.16, a PEG 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 for the quarter, topping analysts’ consensus estimates 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 business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $30.78 billion. During the same period in the previous year, the firm earned $0.89 EPS. The firm’s revenue was up 19.6% compared to the same quarter last year. On average, equities research analysts expect that Bank of America Corporation will post 4.68 earnings per share for the current year.

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

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.

Read More Five stocks we like better than Bank of America 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?

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Gables Capital Management Inc. acquired a new stake in Bank of America Corporation (NYSE:BAC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 90,951 shares of the financial services provider’s stock, valued at approximately $5,182,000. Bank of America accounts for 1.9% of Gables Capital Management Inc.’s holdings, making the stock its 13th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Handelsbanken Fonder AB raised its holdings in Bank of America by 53.0% in the fourth quarter. Handelsbanken Fonder AB now owns 4,629,553 shares of the financial services provider’s stock valued at $254,625,000 after acquiring an additional 1,603,080 shares in the last quarter. Legal & General Group Plc lifted its stake in Bank of America by 3.4% in the fourth quarter. Legal & General Group Plc now owns 45,411,913 shares of the financial services provider’s stock worth $2,497,655,000 after acquiring an additional 1,487,809 shares during the last quarter. Mondrian Investment Partners LTD grew its holdings in Bank of America by 34.3% during the 4th quarter. Mondrian Investment Partners LTD now owns 2,175,401 shares of the financial services provider’s stock worth $119,647,000 after acquiring an additional 555,063 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Bank of America by 217.4% during the 4th quarter. International Assets Investment Management LLC now owns 327,949 shares of the financial services provider’s stock worth $18,037,000 after acquiring an additional 224,627 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Bank of America in the 1st quarter valued at approximately $67,507,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Analyst Upgrades and Downgrades A number of equities research analysts have recently weighed in on BAC shares. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Oppenheimer downgraded shares of Bank of America from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. UBS Group increased their target price on Bank of America from $68.00 to $70.00 and gave the company a “buy” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on Bank of America from $62.50 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company raised their price target on Bank of America from $67.00 to $69.00 and gave the company an “overweight” rating in a research note 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.com, Bank of America presently has a consensus rating of “Moderate Buy” and an average price target of $64.08.

View Our Latest Report on Bank of America Trending Headlines about 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 Price Performance Shares of BAC opened at $61.73 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22. The stock has a market cap of $431.66 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17. The firm has a fifty day moving average price of $60.60 and a 200 day moving average price of $54.67.

Bank of America (NYSE:BAC – Get Free Report) last issued 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. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $30.78 billion. During the same quarter last year, the company posted $0.89 earnings per share. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Bank of America Corporation will post 4.68 EPS 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. Investors of record on Friday, September 4th will be given a $0.32 dividend. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America’s payout ratio is currently 25.69%.

(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.

Read More Five stocks we like better than Bank of America 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit? 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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Alpine Woods Capital Investors LLC acquired a new stake in shares of Bank of America Corporation (NYSE:BAC – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 140,633 shares of the financial services provider’s stock, valued at approximately $8,013,000. Bank of America makes up about 1.7% of Alpine Woods Capital Investors LLC’s holdings, making the stock its 11th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of BAC. Abound Financial LLC purchased a new stake in shares of Bank of America in the 4th quarter valued at $26,000. Wiser Advisor Group LLC bought a new position in shares of Bank of America during the 3rd quarter valued at $27,000. CrossGen Wealth LLC purchased a new position in shares of Bank of America in the fourth quarter worth $30,000. Joseph Group Capital Management purchased a new stake in Bank of America in the fourth quarter worth $32,000. Finally, Vermillion Wealth Management Inc. raised its position in shares of Bank of America by 199.1% in the 1st quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

More 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 Bank of America Stock Performance BAC opened at $61.73 on Friday. The stock has a market capitalization of $431.66 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.99 and a beta of 1.17. The company has a fifty day moving average of $60.60 and a 200 day moving average of $54.67. 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 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 posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 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 company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $30.78 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. Bank of America’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Bank of America Corporation will post 4.68 earnings per share for the current fiscal year.

Bank of America Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 yield of 2.1%. This is an increase from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio is currently 25.69%.

Wall Street Analysts Forecast Growth A number of research firms have recently commented on BAC. Citigroup increased their price target on shares of Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. 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. Keefe, Bruyette & Woods increased their price objective on shares of Bank of America from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 price objective on shares of Bank of America in a research report on Tuesday, July 14th. Finally, Robert W. Baird increased their target price on Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.08.

Check Out Our Latest Stock Report on Bank of America

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.

Featured Stories Five stocks we like better than Bank of America Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

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Auxano Advisors LLC bought a new position in shares of 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 and Exchange Commission. The fund bought 18,244 shares of the financial services provider’s stock, valued at approximately $1,040,000.

A number of other large investors have also recently made changes to their positions in BAC. Total Clarity Wealth Management Inc. raised its stake in shares of Bank of America by 3.6% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,889 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 168 shares during the last quarter. Orca Wealth Management LLC boosted its position in Bank of America by 0.5% in the second quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider’s stock valued at $1,999,000 after buying an additional 179 shares during the last quarter. Financial Consulate Inc. increased its holdings in Bank of America by 4.0% in the 2nd quarter. Financial Consulate Inc. now owns 4,741 shares of the financial services provider’s stock worth $270,000 after buying an additional 181 shares during the period. Money Concepts Capital Corp raised its position in Bank of America by 3.8% during the 4th quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock worth $273,000 after buying an additional 182 shares during the last quarter. Finally, Operose Advisors LLC raised its position in Bank of America by 0.9% during the 4th quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider’s stock worth $1,123,000 after buying an additional 185 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America News Summary 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 Wall Street Analyst Weigh In Several research firms have recently commented on BAC. 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. Jefferies Financial Group restated a “buy” rating and set a $75.00 target price on shares of Bank of America in a research report on Tuesday, July 14th. Wells Fargo & Company upped their price objective on shares of Bank of America from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Morgan Stanley upped their price target on Bank of America from $61.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, Robert W. Baird increased their price target on Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.08. View Our Latest Research Report on BAC

Bank of America Price Performance Shares of NYSE BAC opened at $61.73 on Friday. The stock’s 50-day simple moving average is $60.60 and its 200-day simple moving average is $54.67. The firm has a market capitalization of $431.66 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week 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.

Bank of America (NYSE:BAC – Get Free Report) last announced its quarterly 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 net margin of 17.56% and a return on equity of 12.20%. The company 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 firm posted $0.89 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. As a group, equities research analysts forecast that Bank of America Corporation will post 4.68 EPS for the current fiscal year.

Bank of America Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, September 4th. 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%.

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.

See Also Five stocks we like better than Bank of America Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

Receive News & Ratings for Bank of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of America and related companies with MarketBeat.com's FREE daily email newsletter.

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.

Baxter Bros Inc. purchased a new position in shares of Bank of America Corporation (NYSE:BAC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 33,732 shares of the financial services provider’s stock, valued at approximately $1,922,000.

A number of other hedge funds have also recently modified their holdings of BAC. Vanguard Group Inc. lifted its holdings in Bank of America by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock valued at $35,809,225,000 after purchasing an additional 23,351,183 shares in the last quarter. Norges Bank purchased a new stake in shares of Bank of America in the fourth quarter worth $4,774,210,000. Bank of New York Mellon Corp raised its position in shares of Bank of America by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 57,619,317 shares of the financial services provider’s stock valued at $3,169,062,000 after purchasing an additional 2,929,779 shares during the period. Fisher Asset Management LLC raised its position in shares of Bank of America by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider’s stock valued at $2,958,110,000 after purchasing an additional 1,105,833 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Bank of America by 5.9% during the 4th quarter. Deutsche Bank AG now owns 47,172,503 shares of the financial services provider’s stock valued at $2,594,488,000 after buying an additional 2,611,776 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Bank of America Price Performance Shares of BAC stock opened at $61.94 on Friday. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22. The firm has a market capitalization of $433.13 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.01 and a beta of 1.17. The stock has a 50 day moving average price of $60.49 and a 200 day moving average price of $54.62. 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 (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 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 net margin of 17.56% and a return on equity of 12.20%. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.32 dividend. The ex-dividend date is Friday, September 4th. This is an increase from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. Bank of America’s dividend payout ratio is presently 25.69%.

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

Positive Sentiment: Bank of America and PNC tied for first place in Keynova Group’s 2026 Mortgage-Home Equity Scorecard, supporting BAC’s consumer-banking and digital-lending capabilities. Home Lenders Enhance Digital Impact with Accelerated Closing and Funding, Relationship Value-Adds and Visual Consumer-Education Content Positive Sentiment: Bank of America’s bullish research on Nvidia, Zoom and software stocks reinforces the breadth and influence of its securities-research and investment-banking franchise, although the recommendations primarily affect those companies rather than BAC’s earnings directly. Bank of America Thinks Nvidia Stock Could Go 50% Higher Neutral Sentiment: BofA appointed Yuta Komori as chair of Asia Pacific Global Industrials Investment Banking and named Meng Gao and Masashi Toda as co-heads, a move that could strengthen regional coverage but is unlikely to materially change near-term financial results. Bank of America names new Asia Pacific industrials banking leadership team Neutral Sentiment: BofA surveys show investors still favor technology but are increasingly hedging against AI risks and adopting defensive positions. The cautious tone may temper trading activity and risk appetite across financial markets, while expectations for a “no landing” economy could support interest income. BofA Survey Shows Record Expectations for No Landing Negative Sentiment: An analysis argues that BAC’s current valuation already assumes roughly a 16% terminal return on tangible common equity, leaving limited room for execution mistakes or weaker profitability and supporting a “hold” view. Bank of America: Current Price Already Requires a 16% Terminal ROTCE Negative Sentiment: Bank of America has significantly lagged BNY Mellon in 2026, highlighting relative-performance concerns and potentially reducing investor enthusiasm for the bank trade. Which Big Bank Stock Has Dominated in 2026 Wall Street Analyst Weigh In A number of research firms have recently weighed in on BAC. Royal Bank Of Canada upped their price objective on Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Morgan Stanley boosted their price target on Bank of America from $61.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Oppenheimer lowered shares of Bank of America from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Argus set a $70.00 price objective on shares of Bank of America in a research report on Wednesday, July 15th. Finally, Evercore set a $63.00 target price on shares of Bank of America and gave the stock an “outperform” rating in a report on Monday, July 6th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.08.

View Our Latest Report on BAC

(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.

Read More Five stocks we like better than Bank of America 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future 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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