Bank of America Corporation $BAC Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its position in Bank of America Corporation (NYSE:BAC) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,725,374 shares of the financial services provider’s stock after selling 51,550 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Bank of America were worth $202,772,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bamco Inc. NY grew its holdings in Bank of America by 45.4% in the 2nd quarter. Bamco Inc. NY now owns 40,994 shares of the financial services provider’s stock valued at $2,336,000 after buying an additional 12,794 shares during the period. E Fund Management Co. Ltd. acquired a new position in shares of Bank of America during the 2nd quarter valued at about $4,089,000. Bernicke Wealth Management Ltd. purchased a new position in shares of Bank of America during the 2nd quarter worth about $2,132,000. Aspiriant LLC lifted its holdings in shares of Bank of America by 34.3% during the 3rd quarter. Aspiriant LLC now owns 48,877 shares of the financial services provider’s stock worth $2,660,000 after acquiring an additional 12,479 shares during the period. Finally, Lakeshore Capital Group Inc. lifted its holdings in shares of Bank of America by 111.8% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 33,642 shares of the financial services provider’s stock worth $1,831,000 after acquiring an additional 17,759 shares during the period. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BAC shares. HSBC began 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. Robert W. Baird raised shares of Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 price target for the company in a research report on Thursday, October 15th. Jefferies Financial Group cut their price target on shares of Bank of America from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Keefe, Bruyette & Woods decreased their price target on shares of Bank of America from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, Truist Financial lowered their price objective on shares of Bank of America from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.48.

Bank of America Stock Performance

Shares of NYSE:BAC opened at $49.54 on Friday. The firm has a market capitalization of $341.82 billion, a PE ratio of 11.77, a P/E/G ratio of 0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average of $55.24 and a two-hundred day moving average of $54.89. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate 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 net margin of 16.80% and a return on equity of 12.15%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 earnings per share. As a group, research analysts forecast that Bank of America Corporation will post 4.51 earnings per share for the current year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, December 4th. Bank of America’s dividend payout ratio is 30.40%.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America may have room to grow revenue by offering more banking products to Merrill clients, supported by rising wealth balances and lending growth. Read article: BAC Sees Untapped Merrill Banking Potential
• Neutral Sentiment: Consumer banking chief Holly O’Neill expressed optimism about AI’s potential for financial innovation, but the interview did not announce a specific initiative or financial target. Read article: Bank of America’s Holly O’Neill on AI
• Negative Sentiment: A securities class action has been filed on behalf of investors who acquired BAC shares from August 1, 2025, through October 13, 2026. The suit alleges misleading statements; the claims have not been proven. The lead-plaintiff deadline is December 15, adding legal and reputational uncertainty. Read article: Securities class action notice
• Negative Sentiment: Investor-law-firm notices also spotlight Senator Elizabeth Warren’s call for a Justice Department criminal investigation following the bank’s admission that it willfully violated federal anti-money-laundering laws. Further scrutiny could increase legal, compliance, and reputational risks. Read article: BAC investor alert on regulatory scrutiny

About Bank of America

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services.

The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.

Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.