Lido Advisors LLC Buys 85,521 Shares of Bank of America Corporation $BAC

Lido Advisors LLC lifted its stake in shares of Bank of America Corporation (NYSE:BAC) by 15.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 647,855 shares of the financial services provider’s stock after acquiring an additional 85,521 shares during the quarter. Lido Advisors LLC’s holdings in Bank of America were worth $35,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group boosted its holdings in Bank of America by 13.1% during the third quarter. Csenge Advisory Group now owns 36,075 shares of the financial services provider’s stock worth $1,964,000 after buying an additional 4,179 shares in the last quarter. D Orazio & Associates Inc. grew its position in Bank of America by 3.9% in the third quarter. D Orazio & Associates Inc. now owns 6,100 shares of the financial services provider’s stock worth $332,000 after buying an additional 231 shares during the last quarter. Gen Wealth Partners Inc grew its position in Bank of America by 13.2% in the third quarter. Gen Wealth Partners Inc now owns 19,804 shares of the financial services provider’s stock worth $1,078,000 after buying an additional 2,304 shares during the last quarter. 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 valued at $373,000 after buying an additional 276 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Bank of America by 1.3% in the third 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 buying an additional 3,541 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Bank of America News Roundup

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

• Neutral Sentiment: Bank of America warned that October inflation could leave the Federal Reserve behind the curve and open the door to a half-point rate hike in December. Higher rates can support bank lending income, but a sharp increase could also weigh on borrowers and the economy. Article: Fed May Be Falling Behind on Inflation
• Negative Sentiment: Several law firms repeated notices about a securities class action covering investors who bought BAC shares from August 1, 2025, through October 13, 2026; the lead-plaintiff deadline is December 15. The notices largely reiterate the same case, but the litigation and allegations that the bank misled investors add reputational and potential legal-cost risks. Article: Bank of America Shareholder Class Action
• Negative Sentiment: Reports also point to heightened scrutiny over the bank’s anti-money-laundering and sanctions compliance, including Senator Elizabeth Warren’s reported call for a Justice Department criminal probe. Any further investigation could increase legal and reputational risks, though the reports do not establish that a new probe has begun. Article: Bank of America Faces Scrutiny and Class Action
• Negative Sentiment: Berkshire Hathaway may have sold more Bank of America shares in the third quarter, according to clues from a filing. The possible sales could weigh on sentiment, although the article says the portfolio disclosure is still pending. Article: Berkshire Hathaway May Have Sold More Bank of America Stock

Analyst Ratings Changes

Several research firms have recently weighed in on BAC. Jefferies Financial Group reduced their price objective on Bank of America from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Rothschild & Co Redburn set a $72.00 target price on Bank of America in a report on Tuesday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Monday, October 19th. 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, October 15th. Finally, Barclays decreased their price target on Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and an average price target of $62.48.

Bank of America Stock Performance

Bank of America stock opened at $50.72 on Wednesday. The firm’s 50 day simple moving average is $54.78 and its 200-day simple moving average is $54.87. The company has a market cap of $349.95 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. 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 Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.02). The firm had revenue of $29.96 billion during the quarter, compared to analysts’ expectations of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. As a group, equities research analysts predict that Bank of America Corporation will post 4.51 EPS for the current year.

Bank of America Dividend Announcement

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

About Bank of America

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.