Cooper Financial Group Grows Stock Position in Bank of America Corporation $BAC

08 Oct 2026, 01:02 by Michael Walen · The Markets Daily

Cooper Financial Group raised its position in shares of Bank of America Corporation (NYSE:BAC) by 98.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,212 shares of the financial services provider’s stock after purchasing an additional 25,880 shares during the period. Cooper Financial Group’s holdings in Bank of America were worth $2,842,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. increased its position in shares of Bank of America by 3.6% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 4,889 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 168 shares during the last quarter. Orca Wealth Management LLC lifted its position in Bank of America by 0.5% in the 2nd quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider’s stock worth $1,999,000 after buying an additional 179 shares during the last quarter. Financial Consulate Inc. boosted its stake in Bank of America by 4.0% in the second quarter. Financial Consulate Inc. now owns 4,741 shares of the financial services provider’s stock worth $270,000 after buying an additional 181 shares in the last quarter. Bedel Financial Consulting Inc. boosted its stake in Bank of America by 1.1% in the second quarter. Bedel Financial Consulting Inc. now owns 16,456 shares of the financial services provider’s stock worth $938,000 after buying an additional 184 shares in the last quarter. Finally, GatePass Capital LLC grew its position in Bank of America by 3.6% during the first quarter. GatePass Capital LLC now owns 5,451 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 70.71% of the company’s stock.

Bank of America Trading Down 1.0%

Shares of Bank of America stock traded down $0.53 on Wednesday, hitting $53.56. The stock had a trading volume of 30,904,127 shares, compared to its average volume of 37,146,559. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22. The stock’s 50-day simple moving average is $60.41 and its two-hundred day simple moving average is $56.49. The stock has a market cap of $374.53 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.87 and a beta of 1.21.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The firm’s revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. As a group, sell-side analysts predict that Bank of America Corporation will post 4.62 EPS for the current year.

Bank of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 4th. This is a boost from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 2.4%. Bank of America’s payout ratio is 29.36%.

More Bank of America News

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

Positive Sentiment: Analyst support remains favorable. UBS maintained its Buy rating on BAC, while JPMorgan reiterated an Overweight rating, signaling continued confidence in the bank’s earnings power and valuation. UBS Keeps Their Buy Rating on Bank of America JPMorgan Reiterates Overweight Rating on Bank of America
Positive Sentiment: Capital-markets activity could support fee revenue. BofA executive JD Moriarty said public markets can absorb potential mega-IPOs from OpenAI and Anthropic, reflecting strong demand for technology listings. A robust IPO market could benefit BofA’s investment-banking and underwriting businesses. BofA Sees Strong Demand for OpenAI, Anthropic IPOs
Positive Sentiment: Customer-support and fraud-prevention initiatives enhance the franchise. BofA expanded fraud-education tools and webinars for small businesses, reinforcing its commercial-banking relationships, although the direct financial impact is likely limited. Bank of America Expands Fraud Education
Neutral Sentiment: Earnings are the next major catalyst. BAC is expected to report results shortly, and investors will be watching net interest income, credit quality, investment-banking revenue and management’s guidance on interest rates. Bank of America Expected to Announce Earnings
Negative Sentiment: Rate and bond-market concerns are weighing on sentiment. BofA strategist Savita Subramanian said bonds are competing more directly with stocks after a selloff driven by changing expectations for rate hikes to contain inflation. Higher yields can pressure bank bond portfolios and increase uncertainty around loan demand and funding costs. BofA’s Subramanian Says Bonds Compete With Stocks
Negative Sentiment: Strategists are cautious about market concentration and evolving risks. BofA has warned that investors may be overexposed to AI-related spending and underestimating consumer weakness, while recommending hedges against a potential technology bubble. That defensive positioning can dampen risk appetite for large financial stocks. Bank of America Says Investors Are Overplaying AI BofA Analysts Discuss Tech Bubble Risk

Analyst Upgrades and Downgrades

Several research firms have commented on BAC. Citigroup lifted their price target on shares of Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Truist Financial reduced their target price on shares of Bank of America from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. HSBC initiated coverage on shares of Bank of America in a research report on Monday, September 28th. They issued a “buy” rating and a $65.00 target price on the stock. Rothschild & Co Redburn set a $72.00 price objective on Bank of America in a research note on Tuesday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Bank of America in a report on Tuesday, September 15th. Twenty analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.39.

Get Our Latest Report on BAC

Bank of America Profile

(Free Report)

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.