230,616 Bank of America Corporation $BAC Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. Ltd. Zurich increased its Bank of America stake by 5.3%, purchasing 230,616 shares to hold 4.56 million shares valued at approximately $248.1 million. Institutional investors collectively own 70.71% of BAC.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $62.70, despite several firms lowering their targets. Bank of America recently reported quarterly EPS of $1.08, slightly below expectations, while revenue rose 3.2% year over year.
• Investors also face legal and compliance concerns, including reported anti-money-laundering and sanctions scrutiny, securities-fraud litigation, and an employee-arbitration lawsuit. The company declared a quarterly dividend of $0.32 per share, representing a 2.6% annualized yield.

Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,558,552 shares of the financial services provider's stock after buying an additional 230,616 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.07% of Bank of America worth $248,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc acquired a new stake in shares of Bank of America in the 2nd quarter valued at approximately $2,571,060,000. Deutsche Bank AG bought a new stake in shares of Bank of America in the 2nd quarter valued at about $2,359,172,000. Bank of New York Mellon Corp acquired a new stake in shares of Bank of America during the 2nd quarter worth approximately $2,313,953,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Bank of America during the second quarter worth approximately $939,807,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Bank of America in the second quarter valued at approximately $916,398,000. Institutional investors own 70.71% of the company's stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America’s market commentary remains constructive on several growth initiatives. Analysts point to branch expansion and artificial-intelligence investments as potential drivers of deposit growth, stronger customer relationships and improved efficiency. Can BAC's Branch Expansion & AI Push Drive Long-Term Growth?
• Positive Sentiment: Bank of America expanded its physical banking presence by opening new financial centers in Wisconsin, supporting its long-term strategy to deepen retail relationships and gather deposits. Bank of America expands in-person reach with new financial centers in Wisconsin
• Neutral Sentiment: Bank of America’s investment strategists highlighted technology-company bonds as potentially more attractive than tech stocks, reflecting a broader shift toward credit and quality assets. The view may benefit the bank’s investment-banking and fixed-income businesses, but it does not directly change BAC’s earnings outlook. Tech Bonds Are 'Diamonds in the Rough': Bank of America's Hartnett Says
• Negative Sentiment: Senator Elizabeth Warren urged the Justice Department to investigate Bank of America and potentially its executives over alleged anti-money-laundering and sanctions violations. The pressure follows a reported $1.21 billion penalty and raises concerns about additional fines, remediation costs and reputational damage. Warren urges DOJ criminal probe of Bank of America over anti-money-laundering violations
• Negative Sentiment: Multiple law firms promoted a securities-fraud class action covering investors who purchased BAC shares from August 1, 2025, through October 13, 2026. The repeated notices and December 15, 2026 lead-plaintiff deadline reinforce near-term litigation overhang, although the allegations have not been adjudicated. ROSEN securities class action notice
• Negative Sentiment: Bank of America was also sued over its use of mandatory arbitration in employee disputes, adding another legal and compliance concern for investors. Bank of America sued over mandatory arbitration for employee disputes

Wall Street Analyst Weigh In

BAC has been the topic of several research reports. Rothschild & Co Redburn set a $72.00 price objective on shares of Bank of America in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods decreased their price objective on Bank of America from $70.00 to $65.00 and set an "outperform" rating for the company in a report on Thursday, October 15th. TD Cowen lowered their price objective on Bank of America from $60.00 to $56.00 and set a "hold" rating on the stock in a research note on Thursday, October 15th. Phillip Securities upgraded shares of Bank of America to a "strong-buy" rating in a research report on Friday, October 16th. Finally, Barclays dropped their price target on shares of Bank of America from $72.00 to $68.00 and set an "overweight" rating on the stock in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.70.

Bank of America Stock Performance

BAC opened at $50.03 on Monday. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22. The company has a 50 day simple moving average of $56.44 and a two-hundred day simple moving average of $54.96. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $349.85 billion, a P/E ratio of 11.88, a PEG ratio of 0.87 and a beta of 1.21.

Bank of America (NYSE:BAC - Get Free Report) last released its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.02). The business had revenue of $29.96 billion during the quarter, compared to analysts' expectations of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The business's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. Equities analysts forecast that Bank of America Corporation will post 4.52 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.6%. Bank of America's dividend payout ratio is currently 30.40%.

Bank of America Company Profile

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

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

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