GAM Holding AG Increases Stock Position in Bank of America Corporation $BAC

GAM Holding AG boosted its position in shares of Bank of America Corporation (NYSE:BAC) by 46.6% in the third quarter, Holdings Channel.com reports. The firm owned 40,029 shares of the financial services provider’s stock after acquiring an additional 12,728 shares during the period. GAM Holding AG’s holdings in Bank of America were worth $2,065,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Bank of America by 0.3% during the second quarter. Geode Capital Management LLC now owns 148,176,755 shares of the financial services provider’s stock valued at $6,982,863,000 after acquiring an additional 403,652 shares in the last quarter. Norges Bank acquired a new position in shares of Bank of America in the second quarter worth about $5,091,641,000. Fisher Asset Management LLC boosted its holdings in Bank of America by 5.2% in the second quarter. Fisher Asset Management LLC now owns 51,405,673 shares of the financial services provider’s stock valued at $2,432,516,000 after purchasing an additional 2,557,943 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Bank of America by 124.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after purchasing an additional 9,782,208 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Bank of America by 6.1% during the 2nd quarter. California Public Employees Retirement System now owns 17,362,631 shares of the financial services provider’s stock worth $821,600,000 after purchasing an additional 997,323 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BAC. Seaport Global Securities upped their target price on Bank of America from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Truist Financial lifted their price target on shares of Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a report on Thursday, October 30th. UBS Group raised their price objective on shares of Bank of America from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Bank of America from $60.00 to $58.00 and set a “buy” rating for the company in a report on Monday, October 27th. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and an average target price of $58.59.

Key Stores Impacting Bank of America

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

• Positive Sentiment: Intraday/options flow shows moderately bullish activity and short‑term buying pressure that has supported the stock’s move higher; traders flagged increased call interest and volume. Moderately bullish activity in Bank of America with shares up 0.54%
• Positive Sentiment: Zacks highlights BAC outpacing the broader market in the latest session — evidence institutional/retail buyers favoring the stock after solid recent results and improving trading sentiment for big banks. Why Bank of America (BAC) Outpaced the Stock Market Today
• Positive Sentiment: Analysis flags a potentially imminent forced conversion of BAC Series L preferreds: the shares yield ~5.8% today but would convert into common if BAC trades above $65 for the trigger period — a conversion would reduce preferred overhang and could create modest capital gains and support for common shares. The note also points out preferred dividend coverage is small relative to earnings, limiting downside risk. Bank Of America: Forced Conversion On Preferred Stock Coming Closer
• Positive Sentiment: CFRA commentary: analysts remain constructive on big banks into earnings season, which supports BAC relative performance and investor confidence in the sector. Outlook is very positive for the big banks, says CFRA’s Ken Leon
• Neutral Sentiment: BofA published its “Top 10 Ideas” for Q1 2026 (research picks across sectors). This showcases the firm’s research franchise and fee‑generating business but is not a direct driver of BAC equity moves. BofA Rolls Out “Top 10 Ideas” for 1Q26 Across Key Sectors
• Neutral Sentiment: Consumer‑facing coverage: a recent mortgage review of Bank of America outlines product offerings and service traits — relevant for long‑term revenue mix but unlikely to move the stock near term. Bank of America Mortgage review 2026
• Neutral Sentiment: CEO Brian Moynihan said BofA hired ~2,000 Gen‑Z grads from 200,000 applicants — positive PR about talent intake and cost discipline but more of a reputation/culture datapoint than an immediate earnings catalyst. Bank of America CEO says he hired 2,000 recent Gen Z grads from 200,000 applications, and many are scared about the future
• Negative Sentiment: BofA strategists warn the S&P 500 is expensive — a broader valuation caution that can weigh on cyclical and financial stocks if risk appetite reverses, creating a macro headwind for BAC. The S&P 500 is Expensive with ‘No Way to Sugar Coat It,’ Warns Bank of America

Bank of America Stock Performance

Shares of BAC opened at $55.94 on Friday. The stock has a market capitalization of $408.49 billion, a PE ratio of 15.24 and a beta of 1.29. The business’s fifty day moving average price is $53.80 and its 200 day moving average price is $50.64. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $56.54.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.13. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $27.05 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities research analysts forecast that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, December 5th. This represents a $1.12 annualized dividend and a yield of 2.0%. Bank of America’s dividend payout ratio is 30.52%.

Bank of America Company Profile

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.