Bank of America Corporation $BAC Holdings Increased by Nvwm LLC

Key Points

• Nvwm LLC increased its Bank of America stake by 26.9% in the third quarter, acquiring 12,916 additional shares for a total holding of 60,942 shares valued at approximately $3.32 million.
• Institutional investors own about 70.7% of Bank of America, while analysts maintain a “Moderate Buy” consensus with an average price target of $64.22.
• Bank of America reported quarterly EPS of $1.08 and revenue of $29.96 billion, both below analyst expectations, but raised its quarterly dividend to $0.32 per share, equivalent to a 2.5% yield.

Nvwm LLC raised its stake in Bank of America Corporation (NYSE:BAC) by 26.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,942 shares of the financial services provider's stock after purchasing an additional 12,916 shares during the period. Nvwm LLC's holdings in Bank of America were worth $3,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. Total Clarity Wealth Management Inc. lifted its stake in 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 acquiring an additional 168 shares during the last quarter. Orca Wealth Management LLC increased its position 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 valued at $1,999,000 after purchasing an additional 179 shares during the last quarter. Financial Consulate Inc. increased its position 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 valued at $270,000 after purchasing an additional 181 shares during the last quarter. Bedel Financial Consulting Inc. raised its holdings in shares of Bank of America by 1.1% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 16,456 shares of the financial services provider's stock valued at $938,000 after purchasing an additional 184 shares in the last quarter. Finally, GatePass Capital LLC raised its holdings in shares of Bank of America by 3.6% in the 1st quarter. GatePass Capital LLC now owns 5,451 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 190 shares in the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on BAC. Wells Fargo & Company lifted their price objective on shares of Bank of America from $67.00 to $69.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods raised their price target on Bank of America from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Robert W. Baird raised their price target 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. Jefferies Financial Group decreased their price target on Bank of America from $75.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, September 24th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Bank of America in a research report on Thursday. Nineteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of America currently has a consensus rating of "Moderate Buy" and an average price target of $64.22.

Bank of America Price Performance

Shares of NYSE:BAC opened at $51.40 on Thursday. The company's fifty day moving average price is $59.51 and its 200 day moving average price is $56.69. Bank of America Corporation has a 12 month low of $46.12 and a 12 month 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 has a market capitalization of $359.45 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.87 and a beta of 1.21.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly 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). Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The company had revenue of $29.96 billion during the quarter, compared to analysts' expectations of $30.58 billion. During the same period last year, the firm earned $1.06 earnings per share. Bank of America's revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts predict that Bank of America Corporation will post 4.60 earnings per share for the current fiscal year.

Bank of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Bank of America's previous quarterly dividend of $0.28. The ex-dividend date was Friday, September 4th. Bank of America's payout ratio is presently 29.36%.

Key Bank of America News

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

• Positive Sentiment: Underlying banking trends were solid: net interest income rose 8% year over year to $16.4 billion, average loans increased 6% to $1.23 trillion, and deposits grew 2% to $2.02 trillion. Global wealth and investment management revenue also increased 13%. Bank of America Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Bank of America returned $8.3 billion to shareholders during the quarter through $2.2 billion of dividends and $6.0 billion of share repurchases, which may support the stock’s valuation after the selloff. Bank of America Reports $6.9 Billion Third-Quarter Net Income
• Neutral Sentiment: CEO Brian Moynihan said the company has accountability for the compliance failures and expects remediation costs to decline over time. BAC also hired roughly 1,000 contractors to address software vulnerabilities identified by Anthropic’s Mythos AI model, adding to near-term expenses but potentially reducing operational risk. Bank of America hired 1,000 contractors to patch software flaws
• Negative Sentiment: U.S. regulators imposed more than $1.2 billion in penalties over anti-money-laundering and sanctions-control failures, including a failure to timely report more than $5 billion in suspicious transactions. The non-tax-deductible charge reduced quarterly earnings by approximately $0.17 per share and raises concerns about ongoing compliance costs. Bank of America profit hurt by $1.2 billion fine
• Negative Sentiment: Adjusted EPS was $1.08 versus the $1.10 consensus, while revenue of roughly $30.0 billion missed estimates near $30.6 billion. Reported net income fell 17% year over year to $6.9 billion, and weaker investment-banking and trading revenue, higher expenses, and a $1.3 billion provision for credit losses compounded the disappointment. BAC Q3 Earnings Miss
• Negative Sentiment: Several law firms announced shareholder investigations following the regulatory disclosures, creating an additional headline and potential litigation risk, although no claims have been established. Securities Fraud Investigation Into Bank of America

Bank of America Company 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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