13,471 Bank of America Corporation $BAC Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in Bank of America Corporation (NYSE:BAC) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,366,848 shares of the financial services provider’s stock after selling 13,471 shares during the quarter. ProShare Advisors LLC’s holdings in Bank of America were worth $74,398,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Turim 21 Investimentos Ltda. bought a new position in shares of Bank of America during the 2nd quarter valued at about $25,000. Cherry Tree Wealth Management LLC raised its holdings in shares of Bank of America by 167.6% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Principia Wealth Advisory LLC raised its holdings 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. Frazier Financial Advisors LLC acquired a new stake in Bank of America during the second quarter valued at approximately $34,000. Finally, Balance Wealth Partners LLC acquired a new stake in Bank of America during the third quarter valued at approximately $33,000. Institutional investors own 70.71% of the company’s stock.

Bank of America Trading Up 0.0%

NYSE BAC opened at $50.03 on Monday. The firm’s 50 day moving average price is $56.44 and its two-hundred day moving average price is $54.96. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. The stock has a market cap of $349.85 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.87 and a beta of 1.21.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). The business had revenue of $29.96 billion during the quarter, compared to analysts’ expectations of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. Bank of America’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 EPS. Equities analysts anticipate that Bank of America Corporation will post 4.52 EPS for the current year.

Bank of America Announces Dividend

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

Trending Headlines about 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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Bank of America from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. TD Cowen cut their price objective on Bank of America from $60.00 to $56.00 and set a “hold” rating for the company in a research report on Thursday, October 15th. Barclays reduced their price objective on Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Jefferies Financial Group decreased their target price on Bank of America from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Finally, Robert W. Baird upgraded 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. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.70.

About Bank of America

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.