Bank of America Corporation $BAC Stock Bought by Candriam S.C.A.

Candriam S.C.A. increased its holdings in shares of Bank of America Corporation (NYSE:BAC) by 14.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 947,750 shares of the financial services provider’s stock after acquiring an additional 116,050 shares during the period. Candriam S.C.A.’s holdings in Bank of America were worth $51,775,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BAC. Turim 21 Investimentos Ltda. bought a new position in shares of Bank of America during the second quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC lifted its holdings in shares of 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 last quarter. Principia Wealth Advisory LLC boosted its position in shares of Bank of America by 69.9% in the 2nd quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 218 shares in the last quarter. Balance Wealth Partners LLC bought a new stake in shares of Bank of America in the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Bank of America in the 2nd quarter worth approximately $34,000. Institutional investors own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

BAC has been the topic of several recent research reports. TD Cowen cut their price target on 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. Rothschild & Co Redburn set a $72.00 price objective on Bank of America in a research note on Tuesday, October 6th. HSBC started coverage on Bank of America in a research note on Monday, September 28th. They set a “buy” rating and a $65.00 price objective for the company. Robert W. Baird raised Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 target price on the stock in a report on Thursday, October 15th. Finally, Keefe, Bruyette & Woods cut their target price on Bank of America from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. One equities research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.48.

Bank of America Stock Down 0.4%

Shares of Bank of America stock opened at $49.54 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $341.82 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.87 and a beta of 1.19. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22. The company has a 50-day simple moving average of $55.24 and a two-hundred day simple moving average of $54.89.

Bank of America (NYSE:BAC) last issued its 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 during the quarter, compared to the consensus estimate of $30.58 billion. During the same quarter in the prior year, the company posted $1.06 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts anticipate that Bank of America Corporation will post 4.51 EPS for the current fiscal year.

Bank of America Announces Dividend

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

Bank of America News Roundup

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 Profile

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.