Partners Wealth Management LLC Acquires 13,028 Shares of Bank of America Corporation $BAC

Partners Wealth Management LLC acquired a new position in shares of Bank of America Corporation (NYSE:BAC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,028 shares of the financial services provider’s stock, valued at approximately $709,000.

Other large investors have also made changes to their positions in the company. Legal & General Group Plc acquired a new stake in Bank of America during the 2nd quarter worth approximately $2,571,060,000. Deutsche Bank AG purchased a new stake in Bank of America during the second quarter worth approximately $2,359,172,000. Bank of New York Mellon Corp purchased a new stake in Bank of America during the second quarter worth approximately $2,313,953,000. Amundi increased its position in shares of Bank of America by 12.5% in the first quarter. Amundi now owns 42,385,115 shares of the financial services provider’s stock worth $2,066,274,000 after acquiring an additional 4,721,969 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Bank of America by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider’s stock worth $1,517,599,000 after acquiring an additional 561,413 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Price Performance

Shares of BAC stock opened at $50.03 on Friday. The firm has a fifty day simple moving average of $56.44 and a 200-day simple moving average of $54.96. The company has a market capitalization of $349.85 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $30.58 billion. During the same period last year, the firm earned $1.06 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts anticipate that Bank of America Corporation will post 4.52 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, December 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.6%. Bank of America’s dividend payout ratio (DPR) is currently 30.40%.

Key Headlines Impacting Bank of America

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Rothschild & Co Redburn set a $72.00 price target on shares of Bank of America in a research report on Tuesday, October 6th. TD Cowen cut their price objective on Bank of America from $60.00 to $56.00 and set a “hold” rating on the stock in a research report on Thursday, October 15th. Wells Fargo & Company reduced 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. Royal Bank Of Canada reduced their price objective on Bank of America from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Finally, Evercore set a $62.00 target price on Bank of America in a research report on Thursday, October 1st. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.70.

Bank of America 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.