10,528 Bank of America Corporation $BAC Shares Purchased by Stableford Capital II LLC

09 Oct 2026, 12:33 by Mitch Edgeman · The Markets Daily

Stableford Capital II LLC lifted its position in shares of Bank of America Corporation (NYSE:BAC) by 61.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,792 shares of the financial services provider’s stock after purchasing an additional 10,528 shares during the period. Stableford Capital II LLC’s holdings in Bank of America were worth $1,513,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BAC. Legal & General Group Plc bought a new stake in shares of Bank of America in the 2nd quarter worth approximately $2,571,060,000. Amundi grew its holdings in Bank of America by 12.5% during the 1st quarter. Amundi now owns 42,385,115 shares of the financial services provider’s stock valued at $2,066,274,000 after buying an additional 4,721,969 shares in the last quarter. Deutsche Bank AG bought a new stake in Bank of America during the 2nd quarter worth approximately $2,359,172,000. Bank of New York Mellon Corp bought a new position in shares of Bank of America in the second quarter worth $2,313,953,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Bank of America by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider’s stock valued at $1,517,599,000 after acquiring an additional 561,413 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Bank of America Trading Down 0.0%

Shares of NYSE:BAC opened at $53.51 on Friday. The stock’s 50-day simple moving average is $60.25 and its two-hundred day simple moving average is $56.54. The stock has a market capitalization of $374.15 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.86 and a beta of 1.21. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83.

Bank of America (NYSE:BAC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.08. The firm had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. Analysts expect that Bank of America Corporation will post 4.61 EPS for the current year.

Bank of America Increases Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on BAC. Truist Financial cut their price objective on Bank of America from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, October 1st. Barclays boosted their price objective on shares of Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Jefferies Financial Group dropped their price target on Bank of America from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Evercore set a $62.00 price objective on Bank of America in a research report on Thursday, October 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Bank of America from $68.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. Nineteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.22.

Get Our Latest Report on Bank of America

Key Stories Impacting Bank of America

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

Positive Sentiment: TD Cowen begins coverage with a $60 price target. The “hold” rating implies roughly 12% upside from the referenced $53.51 price, providing a supportive valuation benchmark even though the firm is not calling for aggressive outperformance.
Positive Sentiment: A potential Fed policy shift could improve net interest income. An analyst upgrade argues that changing interest-rate expectations may create upside for BAC’s spread income, a key earnings driver for large banks. Bank of America: Fed Policy Shift Creates NII Upside
Positive Sentiment: Capital-markets activity and AI investment offer longer-term support. BofA sees strong potential demand for large technology IPOs, while management says AI is being used to personalize customer service and improve operations. These developments could support investment-banking fees and efficiency over time. How Bank of America is using AI to reinvent the customer experience
Neutral Sentiment: BAC issued 5.10% senior unsecured notes due in 2028. The transaction adds funding and provides a market reference for how creditors assess the bank’s risk. It is not inherently negative, but the relatively high coupon keeps attention on funding costs and credit spreads.
Neutral Sentiment: Recent portfolio-stake disclosures are unlikely to materially affect BAC. Bank of America raised or reduced indirect holdings in several foreign companies, including Lakefront Biotherapeutics and Avrupa Yatirim Holding. These are routine investment or custody-related disclosures rather than changes to the bank’s core business.
Negative Sentiment: Analysts expect EPS growth to slow sharply. After an estimated 36% increase, earnings growth is projected to fall to single digits, raising the bar for the company’s October 14 results and guidance. Investors will focus on loan growth, credit quality, deposits and net interest income.
Negative Sentiment: BAC agreed to a $39 million Merrill cash-sweep settlement. The payment creates a near-term legal and reputational overhang, although its size appears modest relative to Bank of America’s overall earnings and balance sheet.
Negative Sentiment: BofA’s cautious outlook on Nike highlights limited relevance to BAC. Weakness in Nike’s Jordan, Sportswear and China businesses may affect Nike rather than Bank of America directly; the item is unlikely to be a meaningful BAC catalyst. Nike made Jordans too easy to buy, and Bank of America noticed

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.

Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice.