Myriad Asset Management Advisors LLC Purchases 13,422 Shares of Bank of America Corporation $BAC

Myriad Asset Management Advisors LLC increased its holdings in shares of Bank of America Corporation (NYSE:BAC) by 19.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,022 shares of the financial services provider’s stock after buying an additional 13,422 shares during the period. Bank of America comprises approximately 1.1% of Myriad Asset Management Advisors LLC’s portfolio, making the stock its 22nd largest position. Myriad Asset Management Advisors LLC’s holdings in Bank of America were worth $4,731,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after purchasing an additional 25,143 shares during the period. Sivia Capital Partners LLC increased its holdings in Bank of America by 40.5% in the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock valued at $1,013,000 after purchasing an additional 6,174 shares during the period. Jump Financial LLC raised its position in Bank of America by 38.4% during the 2nd quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider’s stock worth $3,108,000 after purchasing an additional 18,227 shares during the last quarter. Nebula Research & Development LLC bought a new position in Bank of America during the 2nd quarter worth $1,396,000. Finally, Vivaldi Capital Management LP lifted its holdings in Bank of America by 4.2% during the 2nd quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider’s stock worth $417,000 after buying an additional 355 shares during the period. 70.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Oppenheimer lowered Bank of America from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Piper Sandler lifted their price objective on Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, July 21st. Robert W. Baird raised their price target on shares of Bank of America from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Evercore set a $63.00 price target on shares of Bank of America and gave the stock an “outperform” rating in a research report on Monday, July 6th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and an average price target of $64.08.

Bank of America News Summary

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

• Positive Sentiment: India expansion: Bank of America agreed to invest up to approximately $1.9 billion for as much as a 49.9% stake in Jio Credit, a non-bank lending subsidiary of Jio Financial Services. The partnership gives BAC access to India’s growing digital-credit market while providing Jio Credit with additional capital and global banking expertise. Reuters article
• Positive Sentiment: $250 billion infrastructure initiative: BAC plans to mobilize and deploy $250 billion through July 2027 for digital, energy, power and core infrastructure projects, including data centers, semiconductors, transportation and power generation. The program could expand lending, investment-banking and advisory revenue, while positioning the bank to benefit from rising AI and energy-infrastructure spending. Bank of America press release
• Positive Sentiment: Cybersecurity investment: BAC plans to acquire MDSec and add 65 specialists, strengthening protection for its digital-banking operations as artificial intelligence increases cyber risks. The move may improve operational resilience, although near-term financial benefits are likely limited. Yahoo Finance article
• Neutral Sentiment: Analyst outlook: Erste Group modestly raised its 2026 EPS estimate to $4.65 and projected $5.25 for 2027, supporting the broader constructive view of BAC’s earnings trajectory. The 2026 estimate remains slightly below consensus.
• Neutral Sentiment: Execution and credit risk: BAC is tightening lending standards for data-center projects because of permitting delays, community opposition and environmental concerns. This could reduce risk, but may also limit the pace of lending growth tied to the AI buildout. Yahoo Finance article

Bank of America Stock Performance

BAC stock opened at $64.82 on Thursday. The firm has a market cap of $453.27 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The stock has a 50-day moving average price of $59.36 and a 200-day moving average price of $54.14. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $64.95.

Bank of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a dividend of $0.32 per share. This is an increase from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. Bank of America’s payout ratio is 25.69%.

About Bank of America

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.