Vise Technologies Inc. Makes New $23.50 Million Investment in Bank of America Corporation $BAC

Key Points

• Vise Technologies initiated a $23.5 million position in Bank of America during the third quarter by purchasing 431,698 shares. Hedge funds and other 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 recent target-price reductions.
• Bank of America shares opened at $50.03, down 2.2%, after the company narrowly missed quarterly earnings and revenue estimates. The bank declared a quarterly dividend of $0.32 per share, representing a 2.6% annualized yield.

Vise Technologies Inc. bought a new position in shares of Bank of America Corporation (NYSE:BAC - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 431,698 shares of the financial services provider's stock, valued at approximately $23,497,000.

Other hedge funds have also modified their holdings of the company. Turim 21 Investimentos Ltda. acquired a new position in shares of Bank of America in the 2nd quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC grew its position in shares of Bank of America by 167.6% during the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider's stock worth $27,000 after buying an additional 300 shares in the last quarter. Principia Wealth Advisory LLC grew its position in shares of Bank of America by 69.9% during the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider's stock worth $30,000 after buying an additional 218 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Bank of America in the second quarter worth $34,000. Finally, Balance Wealth Partners LLC bought a new stake in shares of Bank of America in the third quarter worth $33,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BAC has been the subject of a number of research analyst reports. Argus set a $70.00 price target on Bank of America in a report on Wednesday, July 15th. Wells Fargo & Company decreased their price objective on Bank of America from $69.00 to $64.00 and set an "overweight" rating for the company in a report on Thursday, October 15th. TD Cowen dropped their price target on shares of Bank of America from $60.00 to $56.00 and set a "hold" rating on the stock in a research report on Thursday, October 15th. Keefe, Bruyette & Woods dropped their target price on shares of Bank of America from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Finally, Rothschild & Co Redburn set a $72.00 price objective on shares of Bank of America in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.70.

Key Stories Impacting 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

Bank of America Stock Down 2.2%

Shares of Bank of America stock opened at $50.03 on Friday. The stock has a market capitalization of $349.85 billion, a P/E ratio of 11.88, a PEG ratio of 0.87 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17. The stock has a 50 day moving average price of $56.44 and a two-hundred day moving average price of $54.96. Bank of America Corporation has a 12-month low of $46.12 and a 12-month high of $65.22.

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

Bank of America Announces Dividend

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

Bank of America 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.