154,950 Bank of America Corporation $BAC Shares Purchased by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. boosted its position in shares of Bank of America Corporation (NYSE:BAC) by 25.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 763,580 shares of the financial services provider’s stock after purchasing an additional 154,950 shares during the period. Bank of America comprises about 1.7% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 19th biggest position. Nippon Life Global Investors Americas Inc.’s holdings in Bank of America were worth $41,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. acquired a new stake in shares of Bank of America during the second quarter worth approximately $25,000. Cherry Tree Wealth Management LLC increased its holdings in Bank of America by 167.6% during the 2nd quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 300 shares in the last quarter. Principia Wealth Advisory LLC raised its holdings in shares of Bank of America by 69.9% in the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after buying an additional 218 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Bank of America in the second quarter worth about $34,000. Finally, Balance Wealth Partners LLC acquired a new position in Bank of America during the 3rd quarter worth $33,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America Stock Performance

Shares of NYSE:BAC opened at $50.03 on Monday. The firm’s 50 day simple moving average is $56.44 and its 200 day simple moving average is $54.96. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22. The company has a market capitalization of $349.85 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 0.87 and a beta of 1.21. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The firm had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Bank of America Corporation will post 4.52 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 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 2.6%. The ex-dividend date of this dividend is Friday, December 4th. Bank of America’s dividend payout ratio (DPR) is currently 30.40%.

Bank of America News Summary

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

Wall Street Analyst Weigh In

BAC has been the topic of several recent research reports. Argus set a $70.00 target price on shares of Bank of America in a research note on Wednesday, July 15th. Wells Fargo & Company cut their price objective on shares of Bank of America from $69.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Truist Financial cut their price objective on shares of Bank of America from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, October 15th. UBS Group reduced their price objective on shares of Bank of America from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Royal Bank Of Canada lowered their target price on shares of Bank of America from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.70.

About Bank of America

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.