Bank of America Corporation $BAC Stock Sold by Keybank National Association OH

Keybank National Association OH reduced its stake in shares of Bank of America Corporation (NYSE:BAC) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,706,363 shares of the financial services provider’s stock after selling 44,956 shares during the quarter. Keybank National Association OH’s holdings in Bank of America were worth $201,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in shares of Bank of America in the second quarter worth $2,571,060,000. Deutsche Bank AG bought a new position in shares of Bank of America during the second quarter worth $2,359,172,000. Bank of New York Mellon Corp purchased a new position in Bank of America during the second quarter valued at $2,313,953,000. Amundi grew its stake in Bank of America by 12.5% during the first quarter. Amundi now owns 42,385,115 shares of the financial services provider’s stock valued at $2,066,274,000 after acquiring an additional 4,721,969 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Bank of America by 1.8% during the first 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. 70.71% of the stock is owned by hedge funds and other institutional investors.

More Bank of America News

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

• Neutral Sentiment: Bank of America warned that October inflation could leave the Federal Reserve behind the curve and open the door to a half-point rate hike in December. Higher rates can support bank lending income, but a sharp increase could also weigh on borrowers and the economy. Article: Fed May Be Falling Behind on Inflation
• Negative Sentiment: Several law firms repeated notices about a securities class action covering investors who bought BAC shares from August 1, 2025, through October 13, 2026; the lead-plaintiff deadline is December 15. The notices largely reiterate the same case, but the litigation and allegations that the bank misled investors add reputational and potential legal-cost risks. Article: Bank of America Shareholder Class Action
• Negative Sentiment: Reports also point to heightened scrutiny over the bank’s anti-money-laundering and sanctions compliance, including Senator Elizabeth Warren’s reported call for a Justice Department criminal probe. Any further investigation could increase legal and reputational risks, though the reports do not establish that a new probe has begun. Article: Bank of America Faces Scrutiny and Class Action
• Negative Sentiment: Berkshire Hathaway may have sold more Bank of America shares in the third quarter, according to clues from a filing. The possible sales could weigh on sentiment, although the article says the portfolio disclosure is still pending. Article: Berkshire Hathaway May Have Sold More Bank of America Stock

Bank of America Price Performance

BAC stock opened at $50.72 on Wednesday. Bank of America Corporation has a 52 week low of $46.12 and a 52 week high of $65.22. The firm has a market capitalization of $349.95 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. The company has a fifty day simple moving average of $54.78 and a two-hundred day simple moving average of $54.87. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The business had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. During the same quarter last year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts anticipate that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. Bank of America’s dividend payout ratio (DPR) is presently 30.40%.

Analyst Ratings Changes

A number of analysts have issued reports on BAC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a report on Monday, October 19th. Wells Fargo & Company dropped their price objective on shares of Bank of America from $69.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Phillip Securities raised shares of Bank of America to a “strong-buy” rating in a report on Friday, October 16th. JPMorgan Chase & Co. cut their price objective on Bank of America from $62.00 to $59.50 and set an “overweight” rating for the company in a research report on Friday, October 30th. Finally, HSBC started coverage on Bank of America in a report on Monday, September 28th. They issued a “buy” rating and a $65.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.48.

Bank of America Profile

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.