Bank of America Corporation $BAC Stock Sold by DMKC Advisory Services LLC

DMKC Advisory Services LLC trimmed its position in Bank of America Corporation (NYSE:BAC) by 29.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,141 shares of the financial services provider’s stock after selling 54,955 shares during the period. Bank of America makes up approximately 1.7% of DMKC Advisory Services LLC’s holdings, making the stock its 15th biggest holding. DMKC Advisory Services LLC’s holdings in Bank of America were worth $7,084,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BAC. Cpwa LLC increased its holdings in shares of Bank of America by 4.2% in the third quarter. Cpwa LLC now owns 6,826 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 276 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Bank of America by 1.3% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 267,640 shares of the financial services provider’s stock valued at $14,568,000 after purchasing an additional 3,541 shares in the last quarter. Pinion Investment Advisors LLC lifted its holdings in shares of Bank of America by 4.6% during the 3rd quarter. Pinion Investment Advisors LLC now owns 23,773 shares of the financial services provider’s stock valued at $1,294,000 after purchasing an additional 1,042 shares in the last quarter. Montis Financial LLC lifted its holdings in shares of Bank of America by 1.7% during the 3rd quarter. Montis Financial LLC now owns 12,648 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 216 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its position in shares of Bank of America by 141.6% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 888,715 shares of the financial services provider’s stock valued at $48,373,000 after purchasing an additional 520,853 shares during the period. Institutional investors own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BAC. Barclays lowered their target price on Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. JPMorgan Chase & Co. dropped their target price on shares of Bank of America from $62.00 to $59.50 and set an “overweight” rating on the stock in a report on Friday, October 30th. Royal Bank Of Canada cut their price target on shares of Bank of America from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Evercore set a $62.00 price target on shares of Bank of America in a report on Thursday, October 1st. Finally, Phillip Securities raised shares of Bank of America to a “strong-buy” rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.48.

Trending Headlines about Bank of America

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

• Neutral Sentiment: Bank of America’s inflation forecast—monthly headline and core CPI increases of about 0.2%—could reinforce expectations of a December Federal Reserve rate hike. The effect on BAC is uncertain, as higher rates can support lending revenue but may also weigh on borrowers and funding costs. October inflation outlook
• Neutral Sentiment: A filing may indicate Berkshire Hathaway sold more BAC shares in the third quarter, but the report describes this as a possibility, not a confirmed sale. If verified, selling could add pressure to the stock. Berkshire Hathaway holdings report
• Negative Sentiment: Several law firms publicized a securities class action against Bank of America for investors who bought shares from August 1, 2025, through October 13, 2026. The suit alleges securities-law violations; December 15, 2026, is the deadline to seek a lead-plaintiff role. The allegations are not proven, but the case adds potential legal costs and uncertainty. Kaplan Fox class action notice
• Negative Sentiment: Separate coverage says Senator Elizabeth Warren is urging a DOJ criminal probe related to the bank’s anti-money-laundering and sanctions-law violations. Further investigation could increase regulatory, legal, and reputational risks. Report on regulatory scrutiny

Bank of America Stock Performance

Shares of Bank of America stock opened at $50.57 on Tuesday. The firm has a market cap of $348.95 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The stock’s 50-day moving average is $55.01 and its 200-day moving average is $54.88. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.02). The firm 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 firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 earnings per share. Equities analysts predict that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be paid a $0.32 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.28 annualized dividend and a yield of 2.5%. Bank of America’s payout ratio is presently 30.40%.

Bank of America Company Profile

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services.

The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.

Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.