Bank of America Corporation $BAC Shares Newly Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new position in shares of Bank of America Corporation (NYSE:BAC) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 59,321 shares of the financial services provider’s stock, valued at approximately $2,976,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Turim 21 Investimentos Ltda. acquired a new stake in shares of Bank of America in the 2nd quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC grew its holdings in 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 valued at $27,000 after purchasing an additional 300 shares during the period. Principia Wealth Advisory LLC grew its holdings in 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 valued at $30,000 after purchasing an additional 218 shares during the period. Balance Wealth Partners LLC bought a new stake in Bank of America in the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in Bank of America in the second quarter valued at approximately $34,000. 70.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BAC has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on shares of Bank of America from $62.00 to $59.50 and set an “overweight” rating on the stock in a report on Friday, October 30th. Morgan Stanley decreased their price target on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Argus set a $70.00 price objective on shares of Bank of America in a research report on Wednesday, July 15th. Citigroup dropped their price objective on Bank of America from $66.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th. Finally, Wells Fargo & Company dropped their price objective on Bank of America from $69.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and an average target price of $62.48.

Bank of America News Summary

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

• Positive Sentiment: Bank of America may have room to grow revenue by offering more banking products to Merrill clients, supported by rising wealth balances and lending growth. Read article: BAC Sees Untapped Merrill Banking Potential
• Neutral Sentiment: Consumer banking chief Holly O’Neill expressed optimism about AI’s potential for financial innovation, but the interview did not announce a specific initiative or financial target. Read article: Bank of America’s Holly O’Neill on AI
• Negative Sentiment: A securities class action has been filed on behalf of investors who acquired BAC shares from August 1, 2025, through October 13, 2026. The suit alleges misleading statements; the claims have not been proven. The lead-plaintiff deadline is December 15, adding legal and reputational uncertainty. Read article: Securities class action notice
• Negative Sentiment: Investor-law-firm notices also spotlight Senator Elizabeth Warren’s call for a Justice Department criminal investigation following the bank’s admission that it willfully violated federal anti-money-laundering laws. Further scrutiny could increase legal, compliance, and reputational risks. Read article: BAC investor alert on regulatory scrutiny

Bank of America Stock Performance

Shares of Bank of America stock opened at $49.54 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $341.82 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 0.87 and a beta of 1.19. The stock’s 50-day moving average is $55.24 and its 200-day moving average is $54.89. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22.

Bank of America (NYSE:BAC) last posted 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 return on equity of 12.15% and a net margin of 16.80%. The firm had revenue of $29.96 billion for the quarter, compared to the consensus estimate of $30.58 billion. During the same quarter in the previous year, the business posted $1.06 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. Bank of America’s dividend payout ratio is 30.40%.

About Bank of America

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services.

The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.

Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.