Bank of America Corporation $BAC Stock Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its holdings in shares of Bank of America Corporation (NYSE:BAC) by 17.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 103,307 shares of the financial services provider’s stock after acquiring an additional 15,590 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Bank of America were worth $5,678,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BAC. Legal & General Group Plc purchased a new position in shares of Bank of America in the 2nd quarter valued at $2,571,060,000. Deutsche Bank AG acquired a new position in shares of Bank of America during the 2nd quarter valued at $2,359,172,000. Bank of New York Mellon Corp acquired a new position in shares of Bank of America during the 2nd quarter valued at $2,313,953,000. Amundi boosted its position 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 worth $2,066,274,000 after purchasing an additional 4,721,969 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Bank of America by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider’s stock worth $1,517,599,000 after purchasing an additional 561,413 shares during the period. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of America Stock Performance

Bank of America stock opened at $49.54 on Monday. Bank of America Corporation has a 12-month low of $46.12 and a 12-month high of $65.22. The company has a market capitalization of $341.82 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth 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 firm’s fifty day moving average price is $55.24 and its 200 day moving average price is $54.89.

Bank of America (NYSE:BAC) last issued its quarterly earnings data 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 firm had revenue of $29.96 billion during the quarter, compared to analyst estimates of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 EPS. On average, research analysts forecast that Bank of America Corporation will post 4.51 EPS for the current fiscal year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders 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 dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, December 4th. Bank of America’s payout ratio is presently 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

Analysts Set New Price Targets

BAC has been the subject of several recent research reports. UBS Group lowered their price target on Bank of America from $67.00 to $62.00 and set a “buy” rating for the company in a report on Monday, November 2nd. TD Cowen reduced their price objective on Bank of America from $60.00 to $56.00 and set a “hold” rating on the stock in a research note on Thursday, October 15th. Barclays decreased their target price on Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Monday, October 19th. Finally, Rothschild & Co Redburn set a $72.00 target price on Bank of America in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.48.

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.