Vanguard Group Adds $1B in Bank of America Corporation ($BAC)
Vanguard Group boosted its Bank of America holdings by 23.35 million shares.
Key Points
- Vanguard Group increased its stake in Bank of America by 23.35 million shares, bringing its total to 651.08 million shares, valued at $36.47 billion.
- Bank of America, trading at $56.02, has a market cap of $397.55 billion and a P/E ratio of 13.9, with a 52-week range of $44.06 to $57.55.
- Recent insider transactions include buys and sells by CEO Brian Moynihan, and analysts maintain a strong buy consensus with a target price of $63.16.
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.
Vanguard Group has increased its holdings in Bank of America Corporation (NYSE:BAC) by 23.35 million shares, according to its latest 13F filing with the SEC. This move brings Vanguard's total stake to 651.08 million shares, valued at approximately $36.47 billion as of the reporting period.
What Changed in Vanguard Group's Bank of America Position
Vanguard Group boosted its position in Bank of America by 23.35 million shares, a 3.72% increase from its previous holdings of 627.73 million shares. This adjustment reflects Vanguard's continued confidence in the bank, with the total value of its stake reaching $36.47 billion.
Other Institutional Activity in Bank of America
Other major institutional investors made changes to their Bank of America holdings as well. BlackRock, Inc. reduced its position by 3.22 million shares, leaving it with 539.26 million shares worth about $26.29 billion. Berkshire Hathaway Inc. also trimmed its holdings by 3.67 million shares, ending with 513.62 million shares valued at $25.04 billion. Meanwhile, Vanguard Capital Management LLC acquired 409.70 million shares, now holding shares valued at $19.97 billion. State Street Corp decreased its stake by 4.59 million shares to 301.31 million shares, worth $14.38 billion. FMR LLC significantly reduced its position by 16.30 million shares, retaining 198.48 million shares valued at $9.68 billion.
Bank of America Corporation Stock Down 7.1%
Shares of Bank of America (NYSE:BAC) traded at $56.02 recently. The company has a market cap of $397.55 billion and a P/E ratio of 13.9. Its forward P/E is 11.1, indicating potential earnings growth. The stock's beta is 1.196, suggesting moderate volatility. Over the past 52 weeks, it has ranged from $44.06 to $57.55. The 50-day moving average is $52.37, and the 200-day moving average is $52.11.
$BAC stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Bank of America reported annual revenue of $109.59 billion, with a growth rate of 8.1%. The company achieved a net margin of 28.96% and a return on equity of 10.64%. Its earnings per share (EPS) stand at $4.03. The next earnings report is scheduled for 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
Bank of America offers an annual dividend rate of $1.12, yielding 2.0%. The dividend payout ratio is 27.3%, indicating a sustainable dividend policy.
Insider Buying and Selling at Bank of America Corporation
Recent insider activity at Bank of America includes several transactions. On May 15, 2026, CEO Brian Moynihan both purchased and sold 18,083 shares, with the sale price at $49.77. Chief Risk Officer Geoffrey Greener sold 126,756 shares at an average price of $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 each maintained buy ratings with a $61 target. RBC Capital reiterated its buy rating with a $59 target. Keefe, Bruyette & Woods maintained a buy rating with a $64 target. The consensus among 22 analysts is a strong buy, with an average target price of $63.16.
About Bank of America
Bank of America Corporation, headquartered in Charlotte, North Carolina, is a leading financial institution offering a range of banking and financial services. It serves individual consumers, small and middle-market businesses, institutional investors, and corporations globally. The company operates through segments like Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. Led by CEO Brian Moynihan, Bank of America employs around 212,000 people.
Bottom Line
Vanguard Group's increased stake in Bank of America highlights ongoing interest from major institutional investors. The bank's solid financial performance and attractive valuation metrics make it a key player in the financial services sector. Investors often track 13F filings to understand institutional sentiment, though 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.