Bank of America Corporation $BAC Stock Holdings Boosted by First Citizens Bank & Trust Co.

Posted by Geri Gentry on Oct 14th, 2026

First Citizens Bank & Trust Co. raised its position in Bank of America Corporation (NYSE:BAC) by 40.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 436,787 shares of the financial services provider’s stock after acquiring an additional 125,331 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Bank of America were worth $23,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BAC. Fearless Solutions LLC dba Best Invest lifted its position in shares of Bank of America by 42.3% during the third quarter. Fearless Solutions LLC dba Best Invest now owns 7,275 shares of the financial services provider’s stock worth $396,000 after purchasing an additional 2,163 shares in the last quarter. Focus Financial Network Inc. grew its holdings in shares of Bank of America by 24.8% in the third quarter. Focus Financial Network Inc. now owns 63,157 shares of the financial services provider’s stock valued at $3,438,000 after purchasing an additional 12,565 shares in the last quarter. JM2 Capital Inc. increased its stake in Bank of America by 94.9% during the 3rd quarter. JM2 Capital Inc. now owns 15,642 shares of the financial services provider’s stock worth $851,000 after buying an additional 7,618 shares during the period. Stone Summit Wealth LLC increased its stake in Bank of America by 43.0% during the 3rd quarter. Stone Summit Wealth LLC now owns 18,306 shares of the financial services provider’s stock worth $996,000 after buying an additional 5,506 shares during the period. Finally, MFA Wealth Services boosted its position in Bank of America by 28.1% in the 3rd quarter. MFA Wealth Services now owns 7,164 shares of the financial services provider’s stock valued at $390,000 after buying an additional 1,571 shares during the period. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of America Trading Down 1.0%

NYSE BAC opened at $54.05 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 50 day moving average of $59.75 and a two-hundred day moving average of $56.67. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $377.93 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21.

Bank of America (NYSE:BAC – Get Free Report) last announced its quarterly earnings data 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). 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 17.56% and a return on equity of 12.20%. As a group, research analysts expect that Bank of America Corporation will post 4.60 EPS for the current fiscal year.

Bank of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.4%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, September 4th. Bank of America’s dividend payout ratio is currently 29.36%.

Analyst Ratings Changes

BAC has been the subject of several research reports. Truist Financial dropped their price target on shares of Bank of America from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Robert W. Baird lifted their target price on Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Barclays boosted their target price on Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods upped their price target on Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada increased their price target on Bank of America from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Nineteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.22.

Get Our Latest Report on Bank of America

Bank of America News Roundup

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

Positive Sentiment: Underlying banking trends were constructive: net interest income increased 8% year over year to $16.4 billion, average deposits rose 2% to $2.02 trillion, and average loans and leases grew 6% to $1.23 trillion. Bank of America also returned $8.3 billion to shareholders through dividends and share repurchases. Bank of America Reports $6.9 Billion Third-Quarter Net Income
Neutral Sentiment: Reported third-quarter net income was $6.9 billion, while revenue reached approximately $30.0 billion. Credit costs included $1.3 billion of provision expense and $1.3 billion in net charge-offs, keeping asset quality and loan-loss trends important for investors. Bank of America Reports Third Quarter 2026 Financial Results
Negative Sentiment: Headline earnings missed expectations. One market report cited EPS of $1.08 versus a $1.10 consensus, while the company’s reported diluted EPS was $0.91, down from $1.04 a year earlier, after including a large regulatory charge. Revenue of about $30.0 billion was also below the roughly $30.6 billion estimate. Bank of America Third-Quarter Earnings
Negative Sentiment: U.S. regulators imposed more than $1.2 billion in penalties over anti-money-laundering and sanctions-compliance failures, including the alleged failure to report more than $5 billion in suspicious transactions. Bank of America acknowledged willful Bank Secrecy Act violations, raising concerns about governance, controls and potential future regulatory scrutiny. Bank of America Hit With More Than $1.2 Billion in Penalties

About Bank of America

(Free Report)

Bank of America Corporation (NYSE:BAC) is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.

Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice.