Bank of America Corporation $BAC Stock Holdings Lifted by TD Waterhouse Canada Inc.

Posted by Stanley Muller on Oct 17th, 2026

TD Waterhouse Canada Inc. lifted its stake in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 107.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,313,474 shares of the financial services provider’s stock after acquiring an additional 1,197,394 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Bank of America were worth $125,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in BAC. Legal & General Group Plc bought a new stake in shares of Bank of America in the 2nd quarter valued at about $2,571,060,000. Deutsche Bank AG acquired a new stake in shares of Bank of America in the 2nd quarter worth $2,359,172,000. Bank of New York Mellon Corp purchased a new stake in shares of Bank of America during the second quarter worth about $2,313,953,000. Amundi increased its holdings in shares of 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 raised its holdings in shares of Bank of America by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider’s stock worth $1,517,599,000 after buying an additional 561,413 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors.

More Bank of America News

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

Positive Sentiment: Analyst support and potential earnings recovery: Baird upgraded BAC to Outperform with a $62 price target, while other analysts maintained Buy or Outperform ratings despite reducing targets. Management also projected at least 8% net interest income growth in 2027, supported by loan and deposit expansion. Baird Upgrades Bank of America Stock Despite a Soft Quarter
Positive Sentiment: Regulatory remediation is progressing: Bank of America said it has completed substantial work required under a consent order, potentially helping reduce longer-term compliance uncertainty. The bank’s CEO also described the U.S. economy as resilient and growing. Bank of America says it has completed a lot of work on consent order
Neutral Sentiment: Preferred dividends declared: The board authorized regular cash dividends on multiple preferred-stock series, payable in November and December. The announcement supports the bank’s capital-distribution profile but does not represent a new increase in BAC common-stock dividends. Bank of America Declares Preferred Stock Dividends
Negative Sentiment: Q3 earnings missed expectations: BAC reported adjusted earnings of $1.08 per share versus a $1.10 consensus, while revenue also fell short. A $1.2 billion anti-money-laundering and sanctions penalty reduced earnings, and expenses grew faster than revenue; weaker fixed-income trading and settlement costs added pressure. Bank of America Stock Sell-Off Looks Like a Buying Opportunity
Negative Sentiment: Compliance and litigation overhang: Senator Elizabeth Warren criticized the penalty as insufficient, while several law firms announced investigations into potential securities claims and fiduciary-duty issues. These developments could increase legal costs and prolong reputational concerns. Rosen Law Firm Investigation

Bank of America Price Performance

Shares of NYSE:BAC traded down $0.42 during midday trading on Friday, hitting $51.28. The company had a trading volume of 64,306,447 shares, compared to its average volume of 41,999,672. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. The stock has a market cap of $358.59 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. 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’s 50-day simple moving average is $59.05 and its 200-day simple moving average is $56.69.

Bank of America (NYSE:BAC – Get Free Report) last released 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 company had revenue of $29.96 billion for 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% on a year-over-year basis. During the same period last year, the firm posted $1.06 EPS. On average, research analysts predict that Bank of America Corporation will post 4.57 earnings per share for the current year.

Bank of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were paid a $0.32 dividend. 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. Bank of America’s dividend payout ratio is 29.36%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays reduced their price objective on Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday. Rothschild & Co Redburn set a $72.00 target price on Bank of America in a research report on Tuesday, October 6th. TD Cowen cut their price target on shares of Bank of America from $60.00 to $56.00 and set a “hold” rating for the company in a report on Thursday. Robert W. Baird raised Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 target price for the company in a report on Thursday. Finally, Oppenheimer cut shares of Bank of America from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Twenty equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.52.

View Our Latest Research Report on BAC

Bank of America Company Profile

(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.