18,448 Bank of America Corporation $BAC Shares Acquired by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC raised its stake in Bank of America Corporation (NYSE:BAC) by 136.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,988 shares of the financial services provider’s stock after buying an additional 18,448 shares during the period. KMG Fiduciary Partners LLC’s holdings in Bank of America were worth $1,741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BAC. Salem Investment Counselors Inc. grew its position in Bank of America by 9.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 1,223,837 shares of the financial services provider’s stock worth $66,613,000 after acquiring an additional 100,895 shares during the last quarter. Signal Advisors Wealth LLC raised its position in Bank of America by 220.1% in the third quarter. Signal Advisors Wealth LLC now owns 69,864 shares of the financial services provider’s stock valued at $3,803,000 after purchasing an additional 48,037 shares during the last quarter. 4WEALTH Advisors Inc. raised its position in Bank of America by 65.2% in the third quarter. 4WEALTH Advisors Inc. now owns 7,885 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 3,112 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Bank of America during the third quarter valued at about $3,705,000. Finally, Foster Group Inc. boosted its stake in shares of Bank of America by 28.6% during the third quarter. Foster Group Inc. now owns 17,552 shares of the financial services provider’s stock valued at $955,000 after purchasing an additional 3,900 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: Underlying banking trends were constructive: net interest income increased 8% year over year to $16.4 billion, average deposits rose 2% to $2.02 trillion, and average loans and leases grew 6% to $1.23 trillion. Bank of America also returned $8.3 billion to shareholders through dividends and share repurchases. Bank of America Reports $6.9 Billion Third-Quarter Net Income
• Neutral Sentiment: Reported third-quarter net income was $6.9 billion, while revenue reached approximately $30.0 billion. Credit costs included $1.3 billion of provision expense and $1.3 billion in net charge-offs, keeping asset quality and loan-loss trends important for investors. Bank of America Reports Third Quarter 2026 Financial Results
• Negative Sentiment: Headline earnings missed expectations. One market report cited EPS of $1.08 versus a $1.10 consensus, while the company’s reported diluted EPS was $0.91, down from $1.04 a year earlier, after including a large regulatory charge. Revenue of about $30.0 billion was also below the roughly $30.6 billion estimate. Bank of America Third-Quarter Earnings
• Negative Sentiment: U.S. regulators imposed more than $1.2 billion in penalties over anti-money-laundering and sanctions-compliance failures, including the alleged failure to report more than $5 billion in suspicious transactions. Bank of America acknowledged willful Bank Secrecy Act violations, raising concerns about governance, controls and potential future regulatory scrutiny. Bank of America Hit With More Than $1.2 Billion in Penalties

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BAC. Morgan Stanley restated an “overweight” rating on shares of Bank of America in a report on Tuesday, September 15th. Truist Financial dropped their price objective on shares of Bank of America from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, October 1st. Wells Fargo & Company lifted their target price on shares of Bank of America from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada boosted their target price on shares of Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Argus set a $70.00 price target on shares of Bank of America in a research report on Wednesday, July 15th. Nineteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.22.

Bank of America Stock Down 1.0%

Shares of BAC opened at $54.05 on Wednesday. The company has a market capitalization of $377.93 billion, a PE ratio of 12.40, a PEG ratio of 0.88 and a beta of 1.21. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The stock’s 50-day moving average price is $59.75 and its two-hundred day moving average price is $56.67. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23.

Bank of America (NYSE:BAC) last released its quarterly 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). The company had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. On average, analysts anticipate that Bank of America Corporation will post 4.60 EPS for the current year.

Bank of America Increases Dividend

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

About Bank of America

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.