Bank of America Corporation $BAC Shares Acquired by Leuthold Group LLC

Leuthold Group LLC increased its stake in Bank of America Corporation (NYSE:BAC) by 9.5% during the third quarter, HoldingsChannel.com reports. The fund owned 171,333 shares of the financial services provider’s stock after buying an additional 14,853 shares during the period. Leuthold Group LLC’s holdings in Bank of America were worth $9,326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc acquired a new position in shares of Bank of America in the 2nd quarter valued at $2,571,060,000. Deutsche Bank AG acquired a new stake in Bank of America during the 2nd quarter worth about $2,359,172,000. Bank of New York Mellon Corp acquired a new stake in Bank of America during the 2nd quarter worth about $2,313,953,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Bank of America during the 2nd quarter worth about $939,807,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Bank of America during the second quarter valued at about $916,398,000. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America Stock Up 2.3%

NYSE:BAC opened at $50.57 on Tuesday. The firm has a market capitalization of $348.95 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.91 and a beta of 1.19. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22. 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 business’s fifty day moving average price is $55.01 and its 200 day moving average price is $54.88.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The business had revenue of $29.96 billion during the quarter, compared to analysts’ expectations of $30.58 billion. During the same period in the prior year, the company posted $1.06 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be issued a $0.32 dividend. The ex-dividend date is Friday, December 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 currently 30.40%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BAC. Robert W. Baird upgraded shares of 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, October 15th. Rothschild & Co Redburn set a $72.00 price target on shares of Bank of America in a report on Tuesday, October 6th. HSBC initiated coverage on shares of Bank of America in a report on Monday, September 28th. They set a “buy” rating and a $65.00 price target on the stock. Jefferies Financial Group reduced their price target on shares of 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, Argus set a $70.00 price objective on shares of Bank of America in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.48.

Bank of America News Summary

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 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.