Bank of America Corporation $BAC Shares Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC raised its stake in Bank of America Corporation (NYSE:BAC) by 31.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 42,344 shares of the financial services provider’s stock after buying an additional 10,181 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Bank of America were worth $2,305,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BAC. Turim 21 Investimentos Ltda. bought a new stake in Bank of America in the 2nd quarter valued at about $25,000. Cherry Tree Wealth Management LLC boosted its stake in Bank of America by 167.6% during the 2nd quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the period. Principia Wealth Advisory LLC boosted its stake in Bank of America by 69.9% during the 2nd quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 218 shares during the period. Balance Wealth Partners LLC bought a new position in Bank of America in the 3rd quarter worth about $33,000. Finally, Frazier Financial Advisors LLC bought a new position in Bank of America in the 2nd quarter worth about $34,000. 70.71% of the stock is currently owned by institutional investors.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BAC shares. Robert W. Baird raised Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 price target on the stock in a report on Thursday, October 15th. Phillip Securities upgraded Bank of America to a “strong-buy” rating in a research report on Friday, October 16th. Royal Bank Of Canada decreased their price objective on Bank of America from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Argus set a $70.00 target price on Bank of America in a research report on Wednesday, July 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research report on Monday, October 19th. One research 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. According to MarketBeat.com, Bank of America currently has an average rating of “Moderate Buy” and a consensus target price of $62.70.

Bank of America Price Performance

Shares of NYSE:BAC opened at $50.03 on Friday. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The stock has a market cap of $349.85 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.89 and a beta of 1.21. The stock’s 50 day moving average price is $56.44 and its 200 day moving average price is $54.96. 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 released its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). The firm had revenue of $29.96 billion during the quarter, compared to analyst estimates of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. Equities research analysts anticipate that Bank of America Corporation will post 4.52 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis 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%.

Bank of America 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.