Bank of America Corporation $BAC Stock: Pictet Asset Management Holding SA Decreases Holdings

Pictet Asset Management Holding SA lowered its stake in shares of Bank of America Corporation (NYSE:BAC) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,725,374 shares of the financial services provider’s stock after selling 51,550 shares during the quarter. Pictet Asset Management Holding SA owned about 0.05% of Bank of America worth $202,772,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Bank of America by 2.9% during the 3rd quarter. Parallel Advisors LLC now owns 114,252 shares of the financial services provider’s stock worth $6,219,000 after acquiring an additional 3,252 shares during the period. Abacus Wealth Partners LLC increased its holdings in shares of Bank of America by 3.7% in the third quarter. Abacus Wealth Partners LLC now owns 11,344 shares of the financial services provider’s stock valued at $617,000 after purchasing an additional 401 shares during the period. United Advisor Group LLC increased its holdings in shares of Bank of America by 5.7% in the third quarter. United Advisor Group LLC now owns 20,506 shares of the financial services provider’s stock valued at $1,116,000 after purchasing an additional 1,102 shares during the period. Plancorp LLC raised its stake in shares of Bank of America by 3.0% during the third quarter. Plancorp LLC now owns 104,664 shares of the financial services provider’s stock worth $5,234,000 after purchasing an additional 3,096 shares during the last quarter. Finally, May Hill Capital LLC raised its stake in shares of Bank of America by 1.5% during the third quarter. May Hill Capital LLC now owns 15,748 shares of the financial services provider’s stock worth $857,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BAC. TD Cowen decreased their price target on Bank of America from $60.00 to $56.00 and set a “hold” rating for the company in a report on Thursday, October 15th. Argus set a $70.00 price objective on shares of Bank of America in a research report on Wednesday, July 15th. Truist Financial dropped their price objective on shares of Bank of America from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th. Citigroup cut their price objective on shares of Bank of America from $66.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. Finally, Evercore set a $62.00 price objective on shares of Bank of America in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and a consensus target price of $62.48.

Bank of America Stock Down 0.4%

Shares of NYSE BAC opened at $49.54 on Friday. The stock has a market capitalization of $341.82 billion, a price-to-earnings 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 firm has a 50-day moving average price of $55.24 and a 200 day moving average price of $54.89. 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 (NYSE:BAC) last issued its earnings results 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 return on equity of 12.15% and a net margin of 16.80%. The company had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that Bank of America Corporation will post 4.51 EPS for the current fiscal year.

Bank of America Dividend Announcement

The company also recently declared 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 of this dividend is Friday, December 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.6%. Bank of America’s payout ratio is 30.40%.

Key Bank of America News

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 Company 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.