13,028 Shares in Bank of America Corporation $BAC Bought by Partners Wealth Management LLC

Posted by Geri Gentry on Oct 31st, 2026

Partners Wealth Management LLC purchased a new stake in shares of Bank of America Corporation (NYSE:BAC – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 13,028 shares of the financial services provider’s stock, valued at approximately $709,000.

A number of other hedge funds have also recently added to or reduced their stakes in BAC. Soltis Investment Advisors LLC grew its position in Bank of America by 31.7% in the 3rd quarter. Soltis Investment Advisors LLC now owns 42,344 shares of the financial services provider’s stock worth $2,305,000 after purchasing an additional 10,181 shares during the last quarter. Founders Financial Securities LLC raised its holdings in shares of Bank of America by 21.0% during the third quarter. Founders Financial Securities LLC now owns 10,145 shares of the financial services provider’s stock valued at $552,000 after buying an additional 1,763 shares during the last quarter. Crew Capital Management Ltd raised its holdings in shares of Bank of America by 3.5% during the third quarter. Crew Capital Management Ltd now owns 21,198 shares of the financial services provider’s stock valued at $1,154,000 after buying an additional 711 shares during the last quarter. Interchange Capital Partners LLC raised its holdings in shares of Bank of America by 4.2% during the third quarter. Interchange Capital Partners LLC now owns 23,494 shares of the financial services provider’s stock valued at $1,279,000 after buying an additional 942 shares during the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in shares of Bank of America during the third quarter worth approximately $48,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Trading Down 2.2%

Shares of NYSE:BAC opened at $50.03 on Friday. The company has a 50 day moving average of $56.44 and a 200-day moving average of $54.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17. The firm has a market cap of $349.85 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.89 and a beta of 1.21. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22.

Bank of America (NYSE:BAC – Get Free Report) last posted 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). Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The company had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. During the same quarter in the prior year, the business earned $1.06 EPS. Bank of America’s revenue was up 3.2% compared to the same quarter last year. As a group, analysts anticipate that Bank of America Corporation will post 4.52 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, December 4th. Bank of America’s dividend payout ratio (DPR) is presently 30.40%.

Bank of America News Roundup

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

Positive Sentiment: Bank of America’s market commentary remains constructive on several growth initiatives. Analysts point to branch expansion and artificial-intelligence investments as potential drivers of deposit growth, stronger customer relationships and improved efficiency. Can BAC’s Branch Expansion & AI Push Drive Long-Term Growth?
Positive Sentiment: Bank of America expanded its physical banking presence by opening new financial centers in Wisconsin, supporting its long-term strategy to deepen retail relationships and gather deposits. Bank of America expands in-person reach with new financial centers in Wisconsin
Neutral Sentiment: Bank of America’s investment strategists highlighted technology-company bonds as potentially more attractive than tech stocks, reflecting a broader shift toward credit and quality assets. The view may benefit the bank’s investment-banking and fixed-income businesses, but it does not directly change BAC’s earnings outlook. Tech Bonds Are ‘Diamonds in the Rough’: Bank of America’s Hartnett Says
Negative Sentiment: Senator Elizabeth Warren urged the Justice Department to investigate Bank of America and potentially its executives over alleged anti-money-laundering and sanctions violations. The pressure follows a reported $1.21 billion penalty and raises concerns about additional fines, remediation costs and reputational damage. Warren urges DOJ criminal probe of Bank of America over anti-money-laundering violations
Negative Sentiment: Multiple law firms promoted a securities-fraud class action covering investors who purchased BAC shares from August 1, 2025, through October 13, 2026. The repeated notices and December 15, 2026 lead-plaintiff deadline reinforce near-term litigation overhang, although the allegations have not been adjudicated. ROSEN securities class action notice
Negative Sentiment: Bank of America was also sued over its use of mandatory arbitration in employee disputes, adding another legal and compliance concern for investors. Bank of America sued over mandatory arbitration for employee disputes

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Monday, October 19th. Truist Financial cut their target price on Bank of America from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th. Citigroup reduced their price target on Bank of America from $66.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. Jefferies Financial Group reduced their price target on Bank of America from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Finally, Evercore set a $62.00 price target on Bank of America in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Bank of America has an average rating of “Moderate Buy” and an average price target of $62.70.

Read Our Latest Stock Report on BAC

Bank of America Company Profile

(Free Report)

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.