Traders Purchase Large Volume of Bank of America Call Options (NYSE:BAC)

Bank of America Corporation (NYSE:BAC) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 486,148 call options on the stock. This represents an increase of approximately 222% compared to the average volume of 151,166 call options.

Bank of America Price Performance

Bank of America stock traded up $1.66 during midday trading on Thursday, hitting $54.06. The company’s stock had a trading volume of 28,959,958 shares, compared to its average volume of 39,446,348. Bank of America has a 12 month low of $43.66 and a 12 month high of $57.55. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $383.62 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.18. The stock’s 50-day moving average price is $51.40 and its 200-day moving average price is $52.28.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.11. The company had revenue of $30.27 billion for the quarter, compared to analysts’ expectations of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. Analysts anticipate that Bank of America will post 4.45 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, June 5th. Bank of America’s dividend payout ratio is 27.72%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BAC shares. Morgan Stanley cut their target price on Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Keefe, Bruyette & Woods increased their price objective on shares of Bank of America from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Argus lifted their price objective on shares of Bank of America from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Piper Sandler boosted their target price on shares of Bank of America from $53.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Finally, Autonomous Res decreased their target price on shares of Bank of America from $62.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.06.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America plans to launch a new cross-border real-time payments tool in the third quarter, which could deepen relationships with corporate and institutional clients while improving payment speed, tracking, and cost efficiency. Bank of America to Launch Cross-Border Real-Time Payments, Expanding Global Payment Choice
• Positive Sentiment: Analyst sentiment remains constructive, with reports noting that 84% of the 25 analysts covering BAC rate it a Buy and that the average price target implies more than 20% upside. Here’s Why Bank of America Corporation (BAC) is Among the Best Low Cost Stocks
• Positive Sentiment: Bank of America’s wealth-management arm, Merrill, was recognized across three 2026 Barron’s rankings, reinforcing the franchise’s strength in private wealth and advisory services. Merrill Advisors and Teams Earn Recognition Across Three 2026 Barron’s Lists
• Neutral Sentiment: Financial stocks were broadly higher in Thursday afternoon trading, providing a favorable sector tailwind for BAC. Sector Update: Financial Stocks Rise Thursday Afternoon
• Neutral Sentiment: Reuters reported that Bank of America is participating in flashy events tied to the upcoming SpaceX IPO, which highlights dealmaking activity but does not yet indicate a direct financial impact. Wall Street banks and CEOs promote SpaceX in flashy events with BofA, Morgan Stanley, JPM events planned
• Negative Sentiment: Jim Cramer’s remarks on BAC were cautious, saying there may be “something that’s not that great happening there,” which could temper sentiment around the stock. Jim Cramer on Bank of America: “There’s Something That’s Not That Great Happening There”

Insider Transactions at Bank of America

In related news, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total value of $6,719,335.56. Following the sale, the insider owned 1,373,397 shares of the company’s stock, valued at approximately $72,803,774.97. This trade represents a 8.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the transaction, the insider owned 170,184 shares of the company’s stock, valued at $7,988,436.96. This represents a 35.58% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Bank of America

A number of institutional investors and hedge funds have recently modified their holdings of BAC. Handelsbanken Fonder AB grew its stake in Bank of America by 53.0% in the fourth quarter. Handelsbanken Fonder AB now owns 4,629,553 shares of the financial services provider’s stock valued at $254,625,000 after purchasing an additional 1,603,080 shares in the last quarter. AdvisorShares Investments LLC acquired a new position in shares of Bank of America during the 3rd quarter worth $482,000. Mufg Securities Americas Inc. raised its holdings in Bank of America by 26.6% during the third quarter. Mufg Securities Americas Inc. now owns 198,918 shares of the financial services provider’s stock valued at $10,262,000 after buying an additional 41,809 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Bank of America by 11.2% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 677,919 shares of the financial services provider’s stock valued at $34,974,000 after acquiring an additional 68,093 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Bank of America by 25.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 88,226 shares of the financial services provider’s stock worth $4,625,000 after buying an additional 17,625 shares during the period. 70.71% of the stock is owned by institutional investors and hedge funds.

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.