Czech National Bank Buys 51,224 Shares of Bank of America Corporation $BAC

Czech National Bank grew its stake in Bank of America Corporation (NYSE:BAC) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,858,365 shares of the financial services provider’s stock after buying an additional 51,224 shares during the quarter. Czech National Bank’s holdings in Bank of America were worth $105,890,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in Bank of America by 30.0% in the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after acquiring an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Bank of America by 40.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after acquiring an additional 6,174 shares during the period. Jump Financial LLC lifted its holdings in Bank of America by 38.4% during the second quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider’s stock valued at $3,108,000 after purchasing an additional 18,227 shares in the last quarter. Nebula Research & Development LLC purchased a new position in Bank of America during the second quarter valued at approximately $1,396,000. Finally, Vivaldi Capital Management LP boosted its position in shares of Bank of America by 4.2% in the second quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 355 shares during the period. Institutional investors own 70.71% of the company’s stock.

Bank of America Stock Performance

BAC opened at $62.95 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market capitalization of $440.17 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.01 and a beta of 1.17. The company has a fifty day moving average of $58.40 and a 200 day moving average of $53.82. Bank of America Corporation has a fifty-two week low of $44.78 and a fifty-two week high of $63.97.

Bank of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.32 per share. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. Bank of America’s payout ratio is currently 25.69%.

Bank of America News Roundup

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

• Positive Sentiment: Bank of America’s 2026 dividend increase highlights continued confidence in capital generation and supports the investment case for income-oriented shareholders. These Outperforming Giants Are Boosting Dividends in 2026
• Positive Sentiment: CEO Brian Moynihan continues to forecast three Federal Reserve rate hikes in 2026. Higher rates could support Bank of America’s net interest income, although the outlook depends on inflation and economic conditions. Brace for Three Rate Hikes in 2026, Says Bank of America’s CEO
• Positive Sentiment: Bank of America’s decision to spend more than $250 million annually on GLP-1 medications for employees may raise near-term healthcare costs, but management views the program as an investment in employee health and retention. Bank of America spends $250 million a year on GLP-1 drugs
• Neutral Sentiment: Bank of America’s research team remains active across technology and financial markets, including constructive views on AI-chip demand. The activity may support investment-banking and trading opportunities but does not directly change BAC’s earnings outlook. Nvidia dominates AI chips, but BofA sees AMD closing in
• Negative Sentiment: Investment-banking co-head Mike Joo is leaving Bank of America for an external opportunity only a year after taking the role. The high-profile departure raises concerns about leadership continuity and potential talent retention during a strong dealmaking environment. Bank of America’s co-head of investment banking Mike Joo to leave firm
• Negative Sentiment: Himalaya Capital, managed by Charlie Munger associate Li Lu, reportedly reduced its Bank of America position by roughly 71%. While one investor’s portfolio decision does not alter fundamentals, it can weigh on sentiment. Charlie Munger’s Only Outside Manager Just Sold a Bank
• Negative Sentiment: Bank of America disclosed that it may face monetary penalties from the OCC related to anti-money-laundering deficiencies. The potential resolution introduces regulatory-cost and compliance-risk overhang. Bank of America Signals OCC Penalties Over Anti Money Laundering Deficiencies

Analyst Ratings Changes

BAC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Daiwa Securities Group increased their price target on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Evercore set a $63.00 price target on Bank of America and gave the stock an “outperform” rating in a research note on Monday, July 6th. Oppenheimer cut Bank of America from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Finally, Wells Fargo & Company boosted their price objective on Bank of America from $67.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Twenty-one analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and a consensus price target of $64.08.

About Bank of America

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.