Tidal Investments Adds $27M in Bank of America Corporation ($BAC)
Tidal Investments boosted its Bank of America position significantly as of the latest 13F filing.
Key Points
- Tidal Investments increased its holdings in Bank of America by 473,639 shares, a 58.1% rise, bringing its total to 1,288,184 shares valued at $72.16 million.
- Bank of America shares are trading around $56.02, with a market cap of $397.55 billion and a P/E ratio of 13.9.
- Insiders, including CEO Brian Moynihan, engaged in multiple transactions, with analyst ratings largely set at 'buy' with price targets ranging from $57.5 to $64.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Tidal Investments has significantly increased its stake in Bank of America Corporation (NYSE: BAC), according to its latest 13F filing with the SEC. The firm added 473,639 shares, a 58.1% increase, bringing its total holdings to 1,288,184 shares valued at approximately $72.16 million as of the reporting period ending March 31, 2026.
What Changed in Tidal Investments' Bank of America Position
Tidal Investments boosted its holdings in Bank of America by adding 473,639 shares, marking a 58.1% increase from its previous total of 814,545 shares. This move brings its total position to 1,288,184 shares, valued at around $72.16 million, reflecting a strong vote of confidence in the financial giant.
Other Institutional Activity in Bank of America
In the same period, BlackRock, Inc. trimmed its position by 3,217,508 shares, ending with 539,258,516 shares worth approximately $26.29 billion. Berkshire Hathaway Inc. also reduced its holdings by 3,671,769 shares to 513,624,165 shares valued at $25.04 billion. Meanwhile, Vanguard Capital Management LLC maintained its position with 409,704,665 shares valued at nearly $19.97 billion. State Street Corp cut its shares by 4,590,520 to end with 301,309,309 shares, worth about $14.38 billion. FMR LLC decreased its stake by 16,296,846 shares, finishing with 198,484,617 shares valued at approximately $9.68 billion.
Bank of America Corporation Stock Down 8.6%
Shares of Bank of America (NYSE: BAC) are trading near $56.02. The company has a market capitalization of about $397.55 billion and a P/E ratio of 13.9. Its forward P/E stands at 11.1, and the stock has a beta of 1.196. Over the past 52 weeks, the stock has ranged from $44.06 to $57.55, with a 50-day moving average of $52.37 and a 200-day moving average of $52.11.
$BAC stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Bank of America reported revenue of $109.59 billion, reflecting a growth rate of 8.1%. The company achieved an EPS of $4.03, with a net margin of 28.96% and a return on equity of 10.64%. The next earnings report is expected on July 14, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
6 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 8.6%. Revenue met estimates.
-
Profit surprise
Operating income missed by 10 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
6 target raises.
-
Earnings quality
Gross margin up 40.5 points. Operating margin up 17.1 points. Positive free cash flow.
Earnings Call Summary
Bank of America delivered strong first quarter results with revenue up seven percent year over year to thirty point three billion dollars and earnings per share up twenty five percent to one dollar and eleven cents. The bank benefited from robust client activity, improved efficiency with operating leverage of two hundred ninety basis points, and stable asset quality with provision expense down to one point three billion. Management highlighted strength across all business segments, particularly in investment banking which was up twenty one percent, equities trading which had its best quarter ever, and wealth management which showed solid client flows and margin improvement.
Guidance Bank of America raised its full year net interest income growth guidance to six to eight percent from prior expectations. The bank expects continued balanced loan and deposit growth to support this outlook, with net interest income already up nine percent year over year in the first quarter. Management noted that net interest income exceeded expectations at fifteen point nine billion dollars.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
The company pays an annual dividend rate of $1.12, yielding 2.0%. The dividend payout ratio is 27.3%.
Insider Buying and Selling at Bank of America Corporation
On May 15, 2026, CEO Brian Moynihan made multiple transactions, including a purchase of 18,083 shares and a sale at an average price of $49.77. Chief Risk Officer Geoffrey Greener sold 126,756 shares at $53.01 on May 5, 2026. Additionally, insiders Maria Zuber and Michael White each bought 5,365 shares on May 4, 2026.
Analysts Set New Price Targets
On April 16, 2026, Piper Sandler maintained a 'hold' rating with a $59 price target. Oppenheimer, Evercore ISI Group, and Truist Securities maintained 'buy' ratings with targets of $61. RBC Capital reiterated its 'buy' rating with a $59 target. Keefe, Bruyette & Woods maintained a 'buy' rating and set a $64 target. JP Morgan maintained a 'buy' rating with a $57.5 target on April 7, 2026. The consensus is a 'strong buy' with a mean price target of $63.16 based on 22 analyst opinions.
About Bank of America
Bank of America Corporation, headquartered in Charlotte, NC, is a leading financial institution providing a wide range of services, including banking, investment management, and lending products. Led by CEO Brian Moynihan, the company operates through four main segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. Bank of America serves individuals, small and middle-market businesses, large corporations, and governments worldwide.
Bottom Line
Tidal Investments' substantial increase in Bank of America shares signals confidence in the company's prospects. Investors track these 13F filings to gauge institutional sentiment, though it's important to remember that these filings are backward-looking and may not reflect current positions.
Get Bank of America Corporation alerts
New 13F filings, insider trades, and analyst moves on $BAC, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.