Bank of America Corporation $BAC Position Reduced by Live Oak Private Wealth LLC

Key Points

• Live Oak Private Wealth reduced its Bank of America position by 6.7% in the second quarter, selling 24,672 shares and retaining 344,965 shares worth approximately $19.7 million. Institutional investors and hedge funds collectively own 70.71% of BAC.
• Bank of America reported strong operating results: quarterly EPS of $1.21 exceeded the $1.13 consensus estimate, while revenue rose 19.6% year over year to $31.56 billion. Net interest income also increased 9% year over year in the first half of 2026.
• The company raised its quarterly dividend to $0.32 per share, representing a 2.1% annual yield, while analysts maintained a broadly positive outlook with a “Moderate Buy” consensus and an average price target of $64.08.

Live Oak Private Wealth LLC trimmed its position in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,965 shares of the financial services provider's stock after selling 24,672 shares during the quarter. Bank of America makes up about 2.6% of Live Oak Private Wealth LLC's portfolio, making the stock its 6th biggest holding. Live Oak Private Wealth LLC's holdings in Bank of America were worth $19,656,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BAC. Turim 21 Investimentos Ltda. acquired a new stake in Bank of America during the second quarter valued at $25,000. Abound Financial LLC purchased a new position in Bank of America in the fourth quarter valued at $26,000. Wiser Advisor Group LLC acquired a new position in shares of Bank of America in the third quarter worth about $27,000. CrossGen Wealth LLC acquired a new position in shares of Bank of America in the fourth quarter worth about $30,000. Finally, Vermillion Wealth Management Inc. boosted its stake 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 acquiring an additional 438 shares in the last quarter. 70.71% of the stock is currently 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: Stablecoin initiative could create a new payments opportunity: Bank of America is among 21 financial institutions planning to form a company that could issue a dollar-pegged stablecoin in the first half of 2027. The project may help BAC participate in faster, lower-cost digital payments, although regulatory and execution risks remain. Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
• Positive Sentiment: Net interest income continues to support earnings: BAC’s net interest income rose 9% year over year to $31.7 billion in the first half of 2026, supported by loan and deposit growth and asset repricing. Continued gains could bolster revenue and profitability if the trend persists through year-end. BAC Records 9% Y/Y Growth in NII in 1H26
• Neutral Sentiment: Analyst commentary remains broadly constructive but cautious: Bank of America’s market signals improved from “red” to “yellow,” suggesting reduced recession concerns while still flagging elevated valuations and credit risks. Its research also highlighted commercial-loan growth tied to artificial-intelligence capital spending, a potential opportunity for BAC’s lending business.
• Neutral Sentiment: Limited direct impact from other research and corporate news: BofA named Rocket Lab and Voyager Technologies as potential SpaceX alternatives, while the reported death of a BAC vice president in a Times Square stabbing is a tragic personnel event with no indicated material effect on the company’s financial outlook. BofA names 2 SpaceX alternatives with massive upside Bank of America vice president identified as victim
• Negative Sentiment: Berkshire Hathaway’s continued selling is an overhang: Reports that Berkshire has reduced its BAC position for eight consecutive quarters may reinforce profit-taking and create concern that a major long-term shareholder has become less bullish, despite BAC’s solid operating results. Warren Buffett’s Successor, Greg Abel, Started His Tenure With a Bang

Bank of America Trading Up 0.0%

Shares of Bank of America stock opened at $61.97 on Wednesday. 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 Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. The firm has a market capitalization of $433.34 billion, a PE ratio of 14.21, a P/E/G ratio of 0.99 and a beta of 1.16. The firm's 50-day moving average price is $61.35 and its 200 day moving average price is $55.01.

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 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 analyst estimates of $30.78 billion. During the same period in the previous year, the business earned $0.89 EPS. Bank of America's quarterly revenue was up 19.6% on a year-over-year basis. On average, sell-side analysts predict that Bank of America Corporation will post 4.68 EPS 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. Investors of record on Friday, September 4th will be given 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 annualized dividend and a dividend yield of 2.1%. Bank of America's dividend payout ratio (DPR) is presently 25.69%.

Analysts Set New Price Targets

BAC has been the topic of a number of analyst reports. Royal Bank Of Canada raised their target price on Bank of America from $59.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price target on Bank of America from $62.50 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. UBS Group raised their price objective on Bank of America from $68.00 to $70.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Wells Fargo & Company boosted their price objective on Bank of America from $67.00 to $69.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bank of America in a research note on Tuesday, July 21st. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned 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.

Bank of America Company Profile

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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