Bank of America (NYSE:BAC) Trading Down 1.7% – Here’s Why

Bank of America Corporation (NYSE:BAC) was down 1.7% on Wednesday . The stock traded as low as $62.98 and last traded at $63.1690. Approximately 23,823,233 shares were traded during trading, a decline of 36% from the average daily volume of 37,405,813 shares. The stock had previously closed at $64.23.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Bank of America’s active senior unsecured bond offerings provide funding across maturities from 2029 to 2046 and may strengthen liquidity and balance-sheet flexibility. The bank remains supported by solid recent earnings, having exceeded analysts’ estimates for both quarterly revenue and earnings per share. Is Bank Of America (BAC) Undervalued As Its August Bond Issuance Raises Fresh Questions?
• Neutral Sentiment: Bank of America reported crossing a disclosure threshold in Smith & Nephew, and separately disclosed an indirect 5.386% stake in Hidropar. These are investment-holding disclosures rather than changes to BAC’s core operating outlook, so their effect on the stock is likely limited. Smith & Nephew Discloses Updated Bank of America Shareholding Bank of America Lifts Indirect Stake in Hidropar to 5.386%
• Neutral Sentiment: Bank of America’s survey found record expectations for a “no landing” scenario as investors await Federal Reserve Chair Kevin Warsh’s Jackson Hole debut. A resilient economy could support loan demand and credit quality, but uncertainty over inflation and interest rates may keep bank stocks volatile. BofA Survey Shows Record Expectations for No Landing
• Negative Sentiment: A market analysis warns that crowded positioning could make the next equity-market pullback sharper. Because BAC has participated in the broader bank and market rally, a risk-off move could pressure the shares even without a deterioration in fundamentals. Bank of America’s Stock Market Signal Flashes Warning
• Negative Sentiment: The August debt-issuance surge has raised questions about Bank of America’s funding costs and leverage. Although the offerings add liquidity, fixed and step-up coupons could become less attractive if borrowing costs remain elevated. Is Bank Of America (BAC) Undervalued As Its August Bond Issuance Raises Fresh Questions?
• Negative Sentiment: Compared with Wells Fargo and BNY Mellon, BAC has been a relative laggard in 2026. That performance gap may weigh on sentiment as investors favor bank stocks with stronger momentum. Which Big Bank Stock Has Dominated in 2026?

Analyst Ratings Changes

BAC has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Bank of America from $67.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price target on shares of Bank of America from $62.50 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Robert W. Baird raised their price objective on shares of Bank of America from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Citigroup boosted their target price on Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Truist Financial upped their target price on Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Twenty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.08.

Bank of America Stock Performance

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 company has a market capitalization of $431.66 billion, a PE ratio of 14.16, a PEG ratio of 1.01 and a beta of 1.17. The firm’s 50-day simple moving average is $60.49 and its 200-day simple moving average is $54.62.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. The company had revenue of $31.56 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 earnings per share. On average, research analysts predict that Bank of America Corporation will post 4.68 earnings per share for the current year.

Bank of America Increases Dividend

The company also recently declared 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio is currently 25.69%.

Institutional Trading of Bank of America

Several institutional investors and hedge funds have recently made changes to their positions in the company. Total Clarity Wealth Management Inc. lifted its stake in shares of 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 valued at $279,000 after buying an additional 168 shares during the period. Orca Wealth Management LLC grew its holdings in shares of Bank of America by 0.5% during the 2nd quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider’s stock worth $1,999,000 after purchasing an additional 179 shares in the last quarter. Financial Consulate Inc. increased its position in shares of Bank of America by 4.0% during the second 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 period. Money Concepts Capital Corp increased its position in shares of Bank of America by 3.8% during the fourth quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 182 shares during the period. Finally, Bedel Financial Consulting Inc. raised its stake in shares of Bank of America by 1.1% in the second 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. 70.71% of the stock is currently owned by institutional investors.

About Bank of America

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.