Danske Bank A S Purchases 36,100 Shares of Bank of America Corporation $BAC

Danske Bank A S raised its position in shares of Bank of America Corporation (NYSE:BAC) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,505,295 shares of the financial services provider’s stock after acquiring an additional 36,100 shares during the quarter. Danske Bank A S’s holdings in Bank of America were worth $245,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Total Clarity Wealth Management Inc. increased its position in shares of Bank of America by 3.6% during the second quarter. Total Clarity Wealth Management Inc. now owns 4,889 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 168 shares in the last quarter. Orca Wealth Management LLC raised its stake in Bank of America by 0.5% in the 2nd quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider’s stock valued at $1,999,000 after purchasing an additional 179 shares during the last quarter. Financial Consulate Inc. lifted its holdings in Bank of America by 4.0% in the 2nd 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 in the last quarter. Bedel Financial Consulting Inc. lifted its holdings in Bank of America by 1.1% in the 2nd 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. Finally, GatePass Capital LLC boosted its stake in Bank of America by 3.6% during the 1st quarter. GatePass Capital LLC now owns 5,451 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Recent Bank of America Headlines

Here are a few of the latest headlines about BAC:

• Positive Sentiment: The bank extended its co-branded credit-card partnership with Allegiant into the next decade, supporting continued card and customer-rewards business. Article: Allegiant and Bank of America Extend Co-Branded Credit Card Partnership
• Negative Sentiment: Reports say Bank of America will settle a lawsuit over allegations that it opened thousands of unauthorized accounts between 2012 and 2023. The settlement’s terms were not included in the supplied report; the matter carries potential reputational and financial risk. Article: BofA to Settle Fake-Accounts Lawsuit
• Negative Sentiment: Several law firms reiterated that a securities class action is pending against BAC, with a December 15 lead-plaintiff deadline for investors who bought shares from August 1, 2025 through October 13, 2026. These are procedural notices, not a finding of wrongdoing, but may keep legal concerns in focus. Article: Rosen Securities Class Action Deadline Notice

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BAC. Wells Fargo & Company lowered their target price on shares of 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. Barclays reduced their target price on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. TD Cowen decreased 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 note on Thursday, October 15th. Evercore set a $62.00 price target on shares of Bank of America in a research report on Thursday, October 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.48.

Bank of America Trading Up 1.0%

Bank of America stock traded up $0.49 during trading on Friday, reaching $51.01. 19,987,219 shares of the company were exchanged, compared to its average volume of 37,279,760. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22. The company has a market capitalization of $351.95 billion, a P/E ratio of 12.12, a PEG ratio of 0.89 and a beta of 1.19. 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 stock’s 50 day simple moving average is $54.07 and its two-hundred day simple moving average is $54.86.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). The company had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $1.06 EPS. On average, equities research analysts expect 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. Stockholders 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 annualized dividend and a dividend yield of 2.5%. Bank of America’s payout ratio is presently 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.