Nippon Life Global Investors Americas Inc. Acquires 154,950 Shares of Bank of America Corporation $BAC

Nippon Life Global Investors Americas Inc. lifted its holdings in Bank of America Corporation (NYSE:BAC) by 25.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 763,580 shares of the financial services provider’s stock after purchasing an additional 154,950 shares during the period. Bank of America accounts for about 1.7% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 19th biggest holding. Nippon Life Global Investors Americas Inc.’s holdings in Bank of America were worth $41,562,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bamco Inc. NY grew its position in shares of Bank of America by 45.4% in the second quarter. Bamco Inc. NY now owns 40,994 shares of the financial services provider’s stock valued at $2,336,000 after purchasing an additional 12,794 shares during the last quarter. E Fund Management Co. Ltd. acquired a new stake in Bank of America during the second quarter worth about $4,089,000. Bernicke Wealth Management Ltd. acquired a new stake in Bank of America during the second quarter worth about $2,132,000. Aspiriant LLC increased its stake in Bank of America by 34.3% during the third quarter. Aspiriant LLC now owns 48,877 shares of the financial services provider’s stock valued at $2,660,000 after acquiring an additional 12,479 shares during the period. Finally, Lakeshore Capital Group Inc. increased its stake in Bank of America by 111.8% during the third quarter. Lakeshore Capital Group Inc. now owns 33,642 shares of the financial services provider’s stock valued at $1,831,000 after acquiring an additional 17,759 shares during the period. 70.71% of the stock is currently owned by institutional investors.

Bank of America Stock Up 0.0%

Shares of BAC opened at $50.03 on Monday. The stock has a market cap of $349.85 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 0.87 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The company has a 50-day moving average price of $56.44 and a two-hundred day moving average price of $54.96.

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 the consensus estimate of $1.10 by ($0.02). Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The company 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 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities analysts predict that Bank of America Corporation will post 4.52 EPS for the current fiscal year.

Bank of America Dividend Announcement

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

Key Stories 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

Wall Street Analyst Weigh In

Several equities analysts have commented on BAC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a report on Monday, October 19th. Wells Fargo & Company decreased their price objective on Bank of America from $69.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. HSBC started coverage on Bank of America in a research report on Monday, September 28th. They set a “buy” rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on Bank of America from $62.00 to $59.50 and set an “overweight” rating for the company in a research note on Friday. Finally, TD Cowen reduced their target price 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. 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.70.

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.