Bank of America Corporation $BAC Shares Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR grew its holdings in shares of Bank of America Corporation (NYSE:BAC) by 11.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 498,740 shares of the financial services provider’s stock after acquiring an additional 52,884 shares during the period. Generali Asset Management SPA SGR’s holdings in Bank of America were worth $27,146,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Lynch Investment Planning LLC acquired a new position in Bank of America in the third quarter worth about $115,000. Latitude Advisors LLC bought a new stake in Bank of America in the third quarter valued at about $98,000. Balance Wealth Partners LLC acquired a new stake in Bank of America during the third quarter valued at approximately $33,000. SYM FINANCIAL Corp raised its stake in Bank of America by 6.7% during the third quarter. SYM FINANCIAL Corp now owns 11,779 shares of the financial services provider’s stock valued at $641,000 after buying an additional 735 shares in the last quarter. Finally, Black Diamond Financial LLC lifted its holdings in Bank of America by 9.0% during the 3rd quarter. Black Diamond Financial LLC now owns 29,016 shares of the financial services provider’s stock worth $1,579,000 after buying an additional 2,406 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

More Bank of America News

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

• Positive Sentiment: Bank of America is participating with Blackstone, Citi and Morgan Stanley in a $63 billion financing structure to support Anthropic’s AI computing capacity, with Broadcom-related deliveries expected to begin in 2027. The deal could generate financing fees and strengthen BofA’s position in technology and AI-related banking. AI financing announcement
• Neutral Sentiment: Bank of America added two directors to its board, though the reports do not identify a material change in strategy or financial outlook. The bank also exited substantial-holder positions in Zip Co and European Lithium, actions that appear portfolio-related rather than fundamental to BAC’s earnings. Board appointments
• Negative Sentiment: Several law firms publicized or promoted a securities class action against Bank of America and certain executives. The complaints allege that the company misled investors about the scope and financial consequences of AML and Bank Secrecy Act compliance failures following approximately $1.2 billion to $1.21 billion in penalties. Investors who purchased shares between August 1, 2025, and October 13, 2026, may seek lead-plaintiff status by December 15, 2026. The allegations could increase legal costs, regulatory scrutiny and reputational risk, although they have not been proven in court. Securities class action report Investor alert
• Negative Sentiment: A separate lawsuit alleges a former executive was pressured to resign after seeking to relocate while caring for his mother. Although this case is unlikely to drive earnings directly, it adds to broader litigation and workplace-governance concerns surrounding BAC. Former executive lawsuit

Analyst Ratings Changes

BAC has been the subject of several research reports. Phillip Securities upgraded Bank of America to a “strong-buy” rating in a research report on Friday, October 16th. Rothschild & Co Redburn set a $72.00 price target on Bank of America in a research report on Tuesday, October 6th. Morgan Stanley reduced their price objective on Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Jefferies Financial Group decreased their price objective on shares of Bank of America from $75.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, September 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research note on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.82.

Bank of America Price Performance

Shares of BAC opened at $50.67 on Wednesday. The firm has a fifty day moving average of $57.19 and a 200-day moving average of $55.04. Bank of America Corporation has a 1 year low of $46.12 and a 1 year high of $65.22.

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. During the same quarter in the previous year, the business posted $1.06 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Bank of America Corporation will post 4.52 earnings per share for the current year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, December 4th.

Bank of America Company Profile

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.