Bank of America Corporation $BAC Stake Decreased by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC cut its holdings in shares of Bank of America Corporation (NYSE:BAC) by 6.7% during the second quarter, HoldingsChannel.com reports. The fund owned 344,965 shares of the financial services provider’s stock after selling 24,672 shares during the period. Bank of America accounts for about 2.6% of Live Oak Private Wealth LLC’s holdings, making the stock its 6th largest holding. Live Oak Private Wealth LLC’s holdings in Bank of America were worth $19,656,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Bank of America in the 4th quarter worth approximately $4,774,210,000. Legal & General Group Plc purchased a new stake in shares of Bank of America in the second quarter valued at approximately $2,571,060,000. Capital International Investors purchased a new stake in shares of Bank of America in the fourth quarter valued at approximately $2,357,461,000. Deutsche Bank AG acquired a new stake in shares of Bank of America in the second quarter valued at approximately $2,359,172,000. Finally, Bank of New York Mellon Corp purchased a new position in Bank of America during the second quarter worth approximately $2,313,953,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Price Performance

BAC stock opened at $61.97 on Wednesday. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22. 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 cap of $433.34 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16. The business has a fifty day moving average of $61.35 and a two-hundred day moving average of $55.01.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.13 by $0.08. The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. As a group, research analysts anticipate that Bank of America Corporation will post 4.68 earnings per share for the current year.

Bank of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.32 dividend. This is an increase from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, September 4th. This represents a $1.28 annualized dividend and a yield of 2.1%. Bank of America’s payout ratio is presently 25.69%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BAC. Oppenheimer lowered Bank of America from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. UBS Group lifted their price target on Bank of America from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Barclays boosted their price target on shares of Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada upped their price objective on shares of Bank of America from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Finally, Evercore set a $63.00 target price on shares of Bank of America and gave the stock an “outperform” rating in a research note on Monday, July 6th. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.08.

Bank of America News Roundup

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

• Positive Sentiment: Stablecoin initiative could create a new payments opportunity: Bank of America is among 21 financial institutions planning to form a company that could issue a dollar-pegged stablecoin in the first half of 2027. The project may help BAC participate in faster, lower-cost digital payments, although regulatory and execution risks remain. Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
• Positive Sentiment: Net interest income continues to support earnings: BAC’s net interest income rose 9% year over year to $31.7 billion in the first half of 2026, supported by loan and deposit growth and asset repricing. Continued gains could bolster revenue and profitability if the trend persists through year-end. BAC Records 9% Y/Y Growth in NII in 1H26
• Neutral Sentiment: Analyst commentary remains broadly constructive but cautious: Bank of America’s market signals improved from “red” to “yellow,” suggesting reduced recession concerns while still flagging elevated valuations and credit risks. Its research also highlighted commercial-loan growth tied to artificial-intelligence capital spending, a potential opportunity for BAC’s lending business.
• Neutral Sentiment: Limited direct impact from other research and corporate news: BofA named Rocket Lab and Voyager Technologies as potential SpaceX alternatives, while the reported death of a BAC vice president in a Times Square stabbing is a tragic personnel event with no indicated material effect on the company’s financial outlook. BofA names 2 SpaceX alternatives with massive upside Bank of America vice president identified as victim
• Negative Sentiment: Berkshire Hathaway’s continued selling is an overhang: Reports that Berkshire has reduced its BAC position for eight consecutive quarters may reinforce profit-taking and create concern that a major long-term shareholder has become less bullish, despite BAC’s solid operating results. Warren Buffett’s Successor, Greg Abel, Started His Tenure With a Bang

Bank of America Company Profile

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.