GTS Securities LLC Has $1 Million Stake in Bank of America Corporation $BAC

Key Points

• GTS Securities cut its Bank of America stake by 55.3% in the second quarter, leaving it with 17,596 shares valued at approximately $1.0 million. Institutional investors and hedge funds collectively own 70.71% of BAC.
• Bank of America reported quarterly earnings of $1.21 per share, exceeding estimates, while revenue rose 19.6% year over year to $31.56 billion. The company also increased its quarterly dividend from $0.28 to $0.32 per share, representing a 2.1% annualized yield.
• Analyst sentiment remains generally positive, with 21 Buy ratings and six Holds and an overall “Moderate Buy” consensus. Price targets range from $64.08 on average to $75, though some analysts caution that BAC’s strong recent advance has limited further upside.

GTS Securities LLC cut its stake in shares of Bank of America Corporation (NYSE:BAC) by 55.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,596 shares of the financial services provider's stock after selling 21,776 shares during the quarter. GTS Securities LLC's holdings in Bank of America were worth $1,003,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in Bank of America by 30.0% in the 4th 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 raised its holdings in Bank of America by 40.5% during the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider's stock worth $1,013,000 after buying an additional 6,174 shares during the last quarter. Jump Financial LLC raised its holdings in Bank of America by 38.4% during the second quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider's stock worth $3,108,000 after buying an additional 18,227 shares during the last quarter. Nebula Research & Development LLC bought a new position in shares of Bank of America in the second quarter valued at $1,396,000. Finally, Vivaldi Capital Management LP grew its holdings in shares of Bank of America by 4.2% during the second quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider's stock valued at $417,000 after buying an additional 355 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America Stock Down 0.5%

Shares of NYSE:BAC opened at $61.99 on Tuesday. Bank of America Corporation has a 1 year low of $46.12 and a 1 year high of $65.22. The company has a market capitalization of $433.48 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17. The business has a fifty day moving average price of $61.27 and a two-hundred day moving average price of $54.95. 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 issued its quarterly 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 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 the consensus estimate of $30.78 billion. During the same period in the previous year, the firm earned $0.89 EPS. The firm's quarterly revenue was up 19.6% on a year-over-year basis. Analysts forecast 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 announced 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. 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%. This is an increase from Bank of America's previous quarterly dividend of $0.28. Bank of America's payout ratio is currently 25.69%.

Key Bank of America News

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on BAC shares. Citigroup raised their price target on shares of Bank of America from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Jefferies Financial Group reissued a "buy" rating and issued a $75.00 price objective on shares of Bank of America in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lifted their target price 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 downgraded Bank of America from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 30th. Finally, Wells Fargo & Company raised their price objective 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 research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Bank of America presently has an average rating of "Moderate Buy" and an average target price of $64.08.

Bank of America 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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