Bank of America Corporation $BAC Stock Sold by Sanders Capital LLC

Sanders Capital LLC decreased its stake in shares of Bank of America Corporation (NYSE:BAC) by 0.2% during the third quarter, HoldingsChannel reports. The firm owned 46,250,149 shares of the financial services provider’s stock after selling 95,320 shares during the quarter. Bank of America accounts for approximately 2.5% of Sanders Capital LLC’s holdings, making the stock its 12th biggest position. Sanders Capital LLC’s holdings in Bank of America were worth $2,517,396,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BAC. Alta Advisers Ltd raised its position in shares of Bank of America by 86.2% in the 3rd quarter. Alta Advisers Ltd now owns 48,321 shares of the financial services provider’s stock worth $2,630,000 after acquiring an additional 22,365 shares in the last quarter. Steele Capital Management Inc. boosted its position in shares of Bank of America by 1.2% during the third quarter. Steele Capital Management Inc. now owns 18,353 shares of the financial services provider’s stock valued at $999,000 after purchasing an additional 210 shares in the last quarter. Claro Advisors Inc. boosted its position in shares of Bank of America by 13.8% during the third quarter. Claro Advisors Inc. now owns 54,938 shares of the financial services provider’s stock valued at $2,990,000 after purchasing an additional 6,667 shares in the last quarter. REAP Financial Group LLC boosted its position in shares of Bank of America by 10.4% during the third quarter. REAP Financial Group LLC now owns 7,347 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 694 shares in the last quarter. Finally, Genesis Private Wealth LLC grew its stake in Bank of America by 46.7% in the third quarter. Genesis Private Wealth LLC now owns 9,291 shares of the financial services provider’s stock worth $506,000 after purchasing an additional 2,959 shares during the period. Institutional investors own 70.71% of the company’s stock.

More 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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BAC. Phillip Securities upgraded Bank of America to a “strong-buy” rating in a report on Friday, October 16th. HSBC started coverage on shares of Bank of America in a report on Monday, September 28th. They set a “buy” rating and a $65.00 target price on the stock. Rothschild & Co Redburn set a $72.00 target price on shares of Bank of America in a research report on Tuesday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research note on Monday, October 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Bank of America from $62.00 to $59.50 and set an “overweight” rating for the company in a research note on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.48.

Bank of America Stock Down 0.4%

NYSE:BAC traded down $0.22 during trading hours on Friday, reaching $49.54. 36,218,043 shares of the company traded hands, compared to its average volume of 41,769,140. The business’s 50-day moving average price is $55.24 and its two-hundred day moving average price is $54.89. The stock has a market capitalization of $341.82 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.87 and a beta of 1.19. Bank of America Corporation has a 1 year low of $46.12 and a 1 year high of $65.22. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $30.58 billion. During the same period in the prior year, the company posted $1.06 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Analysts predict that Bank of America Corporation will post 4.51 earnings per share for the current year.

Bank of America Announces Dividend

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

About Bank of America

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.