Quantitative Investment Management LLC Makes New Investment in Bank of America Corporation $BAC

Quantitative Investment Management LLC acquired a new stake in Bank of America Corporation (NYSE:BAC) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 226,321 shares of the financial services provider’s stock, valued at approximately $12,895,000. Bank of America comprises approximately 1.4% of Quantitative Investment Management LLC’s holdings, making the stock its 11th biggest position.

Other institutional investors have also recently modified their holdings of the company. Sigma Planning Corp increased its position in shares of Bank of America by 14.5% in the second quarter. Sigma Planning Corp now owns 130,572 shares of the financial services provider’s stock worth $7,440,000 after purchasing an additional 16,561 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Bank of America during the 2nd quarter worth approximately $1,031,000. Benjamin Edwards Inc. boosted its position in shares of Bank of America by 37.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 398,893 shares of the financial services provider’s stock worth $22,729,000 after acquiring an additional 107,905 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Bank of America in the second quarter valued at approximately $13,005,000. Finally, Spinnaker Trust raised its position in Bank of America by 1.5% during the second quarter. Spinnaker Trust now owns 18,307 shares of the financial services provider’s stock valued at $1,043,000 after purchasing an additional 272 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on BAC. Robert W. Baird raised their target price on Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Morgan Stanley upped their price objective on Bank of America from $61.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Evercore set a $63.00 target price on Bank of America and gave the company an “outperform” rating in a research report on Monday, July 6th. Jefferies Financial Group reissued a “buy” rating and set a $75.00 target price on shares of Bank of America in a research note on Tuesday, July 14th. Finally, Oppenheimer downgraded shares of Bank of America from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Twenty-one analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.08.

Bank of America News Roundup

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

• Positive Sentiment: AI investment is supporting commercial-loan growth. U.S. business lending reached $2.93 trillion, a 10% year-over-year increase and the fastest growth since March 2023. Bank of America said artificial-intelligence capital spending is a key driver, creating potential demand for financing and related banking services. US Banks Want a Bigger Piece Of The AI Trade: Here’s How They’re Getting It
• Positive Sentiment: Net interest income is showing strong momentum. BAC generated $31.7 billion of net interest income in the first half of 2026, up 9% from a year earlier, helped by loan and deposit growth and asset repricing. Analysts expect the trend to continue through the rest of the year, supporting revenue and earnings. BAC Records 9% Y/Y Growth in NII in 1H26: Will the Uptrend Continue?
• Positive Sentiment: Bank of America’s broader market outlook has become less defensive. Its market signals moved from “red” to “yellow,” indicating reduced concern about an immediate bear market. This could improve sentiment toward economically sensitive financial stocks, although the bank continues to flag valuation and credit risks. BofA turns S&P 500 signals from red to yellow: What to buy now
• Neutral Sentiment: Higher rate expectations create both benefits and risks. Rising odds of a Federal Reserve rate hike could support loan yields and net interest income, but may also slow economic activity, pressure borrowers and increase credit-loss concerns. Fed Rate Hike Bets Are Back
• Negative Sentiment: Valuation is limiting upside. After a strong six-month advance and solid quarterly results, commentary has highlighted BAC as a relatively risky choice at current levels, raising profit-taking concerns if earnings growth or market conditions weaken. 3 Reasons BAC is Risky and 1 Stock to Buy Instead

Bank of America Stock Performance

Bank of America stock opened at $61.99 on Tuesday. The business has a 50 day moving average of $61.27 and a 200-day moving average of $54.95. The company has a market capitalization of $433.48 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.99 and a beta of 1.17. Bank of America Corporation has a 1 year low of $46.12 and a 1 year high of $65.22. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82.

Bank of America (NYSE:BAC) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $30.78 billion. During the same period last year, the company earned $0.89 EPS. The firm’s revenue was up 19.6% compared to the same quarter last year. On average, equities 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 firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, September 4th. Bank of America’s dividend payout ratio (DPR) is presently 25.69%.

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.