Livforsakringsbolaget Skandia Omsesidigt Increases Holdings in Bank of America Corporation $BAC

Posted by Brian Himes on Jul 15th, 2026

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Bank of America Corporation (NYSE:BAC) by 8.3% in the first quarter, HoldingsChannel.com reports. The fund owned 321,751 shares of the financial services provider’s stock after buying an additional 24,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Bank of America were worth $15,682,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BAC. Abound Financial LLC bought a new stake in shares of Bank of America during the fourth quarter valued at approximately $26,000. Wiser Advisor Group LLC purchased a new position in shares of Bank of America in the third quarter worth $27,000. Legacy Bridge LLC boosted its position in shares of Bank of America by 182.3% during the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 330 shares during the last quarter. CrossGen Wealth LLC bought a new position in shares of Bank of America during the fourth quarter worth $30,000. Finally, Joseph Group Capital Management purchased a new position in Bank of America during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America News Summary

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

Positive Sentiment: Bank of America reported Q2 earnings of $1.21 per share, above Wall Street expectations, with revenue up sharply year over year. The beat was driven by higher net interest income, record trading activity, stronger investment banking fees, and continued growth in wealth management and consumer banking. Bank of America Reports Second Quarter 2026 Financial Results
Positive Sentiment: Management said consumers are staying current on bills and still spending on discretionary items like travel and entertainment, easing fears that inflation and price pressures would hurt the bank’s core consumer franchise. BofA Sees ‘Strong’ Consumer, Bucking Fears of Price Pressures
Positive Sentiment: CEO Brian Moynihan described the U.S. economy as “more durable than expected,” and the bank highlighted that digital banking is becoming a major deposit engine, supporting funding stability and long-term profitability. Digital Banking Becomes Bank of America’s Deposit Engine
Positive Sentiment: Analysts responded favorably, with Jefferies reiterating a Buy rating and a $75 price target, citing earnings upside, NII growth, and an expanding capital markets franchise. Bank of America Earns Buy Rating on Strong Earnings Upside
Neutral Sentiment: Bank of America also announced redemptions of senior notes, a routine debt-management move that should have limited immediate impact on the stock. Bank of America Announces Redemptions of Senior Notes

Insider Activity

In other news, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total value of $6,719,335.56. Following the completion of the sale, the insider directly owned 1,373,397 shares of the company’s stock, valued at $72,803,774.97. This trade represents a 8.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BAC has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Bank of America from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $59.00 price objective on shares of Bank of America in a report on Thursday, April 16th. Morgan Stanley lifted their target price on Bank of America from $61.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Daiwa Securities Group boosted their target price on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Finally, Evercore set a $63.00 price target on Bank of America and gave the company an “outperform” rating in a research note on Monday, July 6th. Twenty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

Check Out Our Latest Stock Report on Bank of America

Bank of America Price Performance

BAC stock opened at $60.64 on Wednesday. Bank of America Corporation has a 52 week low of $44.75 and a 52 week high of $61.21. The firm has a market capitalization of $430.32 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17. The company has a fifty day simple moving average of $54.77 and a two-hundred day simple moving average of $53.01. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18.

Bank of America (NYSE:BAC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. The firm had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $30.78 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, June 5th. Bank of America’s payout ratio is presently 27.72%.

Bank of America Profile

(Free Report)

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.