Bank of America Corporation $BAC Stock Acquired by Kintegral Advisory LLC

Kintegral Advisory LLC increased its position in shares of Bank of America Corporation (NYSE:BAC) by 32.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,396 shares of the financial services provider’s stock after buying an additional 43,856 shares during the period. Kintegral Advisory LLC’s holdings in Bank of America were worth $9,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BAC. Total Clarity Wealth Management Inc. lifted its stake in Bank of America by 3.6% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,889 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 168 shares during the last quarter. Orca Wealth Management LLC increased its stake in shares of Bank of America by 0.5% during the 2nd quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider’s stock worth $1,999,000 after purchasing an additional 179 shares during the last quarter. Financial Consulate Inc. increased its stake in shares of Bank of America by 4.0% during the 2nd quarter. Financial Consulate Inc. now owns 4,741 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 181 shares during the last quarter. Bedel Financial Consulting Inc. increased its stake in shares of Bank of America by 1.1% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 16,456 shares of the financial services provider’s stock worth $938,000 after purchasing an additional 184 shares during the last quarter. Finally, GatePass Capital LLC raised its holdings in shares of Bank of America by 3.6% in the 1st quarter. GatePass Capital LLC now owns 5,451 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 190 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America News Roundup

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

• Positive Sentiment: Analyst support and potential earnings recovery: Baird upgraded BAC to Outperform with a $62 price target, while other analysts maintained Buy or Outperform ratings despite reducing targets. Management also projected at least 8% net interest income growth in 2027, supported by loan and deposit expansion. Baird Upgrades Bank of America Stock Despite a Soft Quarter
• Positive Sentiment: Regulatory remediation is progressing: Bank of America said it has completed substantial work required under a consent order, potentially helping reduce longer-term compliance uncertainty. The bank’s CEO also described the U.S. economy as resilient and growing. Bank of America says it has completed a lot of work on consent order
• Neutral Sentiment: Preferred dividends declared: The board authorized regular cash dividends on multiple preferred-stock series, payable in November and December. The announcement supports the bank’s capital-distribution profile but does not represent a new increase in BAC common-stock dividends. Bank of America Declares Preferred Stock Dividends
• Negative Sentiment: Q3 earnings missed expectations: BAC reported adjusted earnings of $1.08 per share versus a $1.10 consensus, while revenue also fell short. A $1.2 billion anti-money-laundering and sanctions penalty reduced earnings, and expenses grew faster than revenue; weaker fixed-income trading and settlement costs added pressure. Bank of America Stock Sell-Off Looks Like a Buying Opportunity
• Negative Sentiment: Compliance and litigation overhang: Senator Elizabeth Warren criticized the penalty as insufficient, while several law firms announced investigations into potential securities claims and fiduciary-duty issues. These developments could increase legal costs and prolong reputational concerns. Rosen Law Firm Investigation

Bank of America Stock Performance

BAC stock traded down $0.42 during midday trading on Friday, reaching $51.28. 64,306,447 shares of the company were exchanged, compared to its average volume of 41,999,672. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22. The firm has a market capitalization of $358.59 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The business has a 50-day moving average price of $59.05 and a two-hundred day moving average price of $56.69. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82.

Bank of America (NYSE:BAC) last issued 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). The company had revenue of $29.96 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. Equities research analysts forecast that Bank of America Corporation will post 4.57 EPS for the current year.

Bank of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a $0.32 dividend. This is an increase from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, September 4th. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. Bank of America’s dividend payout ratio (DPR) is currently 29.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BAC shares. HSBC initiated coverage on shares of Bank of America in a research note on Monday, September 28th. They issued a “buy” rating and a $65.00 target price for the company. Morgan Stanley reduced their price target on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday. Truist Financial lowered their price target on Bank of America from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on Bank of America from $68.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Finally, Rothschild & Co Redburn set a $72.00 price objective on Bank of America in a research report on Tuesday, October 6th. Twenty investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $62.52.

About Bank of America

Bank of America Corporation (NYSE:BAC) is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.

Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice.