48,037 Bank of America Corporation $BAC Shares Acquired by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC increased its Bank of America stake by 220.1%, acquiring 48,037 additional shares to hold 69,864 shares valued at approximately $3.8 million. Institutional investors own 70.71% of BAC.
• Analysts maintain a generally positive outlook, with 19 Buy and seven Hold ratings, a consensus “Moderate Buy” rating, and an average price target of $64.22. Bank of America also raised its quarterly dividend to $0.32 per share, producing a 2.4% yield.
• Bank of America faces significant regulatory and earnings pressure after U.S. regulators imposed more than $1.2 billion in penalties for transaction-monitoring and sanctions-reporting failures. The company expects a corresponding non-tax-deductible charge that will reduce quarterly earnings by about $0.17 per share.

Signal Advisors Wealth LLC boosted its position in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 220.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,864 shares of the financial services provider's stock after acquiring an additional 48,037 shares during the period. Signal Advisors Wealth LLC's holdings in Bank of America were worth $3,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. acquired a new stake in shares of Bank of America during the 2nd quarter worth approximately $25,000. Abound Financial LLC bought a new stake in shares of Bank of America during the fourth quarter valued at approximately $26,000. Cherry Tree Wealth Management LLC raised its stake in shares of Bank of America by 167.6% in the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 300 shares in the last quarter. Principia Wealth Advisory LLC raised its stake in shares of Bank of America by 69.9% in the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 218 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new position in Bank of America in the second quarter worth $34,000. 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Bank of America in a research note on Tuesday, July 21st. Royal Bank Of Canada boosted their price target on shares of Bank of America from $59.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, July 15th. TD Cowen initiated coverage on shares of Bank of America in a research note on Thursday, October 8th. They issued a "hold" rating and a $60.00 price objective for the company. Citigroup raised their price objective on shares of Bank of America from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Finally, Barclays raised their price objective on shares of Bank of America from $71.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Nineteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.22.

Bank of America News Roundup

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

• Positive Sentiment: Bank of America’s most recent quarterly results exceeded expectations, with earnings per share of $1.21 versus the $1.13 consensus and revenue of $31.56 billion, up 19.6% year over year. Investors may look for continued revenue and lending strength in the upcoming report. Bank of America earnings outlook
• Neutral Sentiment: Bank of America is scheduled to report third-quarter results before the market opens on October 14. Analysts are focused on net interest income, lending growth, funding costs and management’s outlook amid elevated Treasury yields and broader weakness in bank stocks. Bank of America Q3 earnings preview
• Neutral Sentiment: Analyst estimates were modestly reduced by Erste Group Bank, which lowered its 2026 earnings forecast to $4.55 per share from $4.64 and its 2027 forecast to $5.22 from $5.25. The 2026 estimate is slightly below the broader consensus of $4.61. Bank of America earnings estimates
• Negative Sentiment: U.S. regulators imposed more than $1.2 billion in penalties after finding that Bank of America failed to properly monitor transactions and timely report more than $5 billion in suspicious activity. The OCC’s $750 million penalty was described as its largest civil money penalty against a bank, while a separate $11.6 million settlement covered more than 400 apparent sanctions violations involving countries including Russia and Iran. Bank of America anti-money-laundering penalties
• Negative Sentiment: Bank of America said the enforcement action will create a $1.2 billion non-tax-deductible charge in third-quarter results, reducing quarterly earnings by approximately $0.17 per share. The penalty also raises concerns about compliance costs, remediation efforts and potential reputational damage. Bank of America third-quarter charge

Bank of America Trading Down 1.0%

BAC stock opened at $54.05 on Wednesday. Bank of America Corporation has a 1-year low of $46.12 and a 1-year 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 50 day moving average is $59.75 and its 200-day moving average is $56.67. The firm has a market cap of $377.93 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.88 and a beta of 1.21.

Bank of America (NYSE:BAC - Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.13 by $0.08. The business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%. Bank of America's revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. Equities analysts anticipate that Bank of America Corporation will post 4.60 earnings per share for the current fiscal year.

Bank of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Bank of America's previous quarterly dividend of $0.28. The ex-dividend date was Friday, September 4th. Bank of America's dividend payout ratio (DPR) is currently 29.36%.

Bank of America Profile

Bank of America Corporation NYSE: BAC is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.

Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice.

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