Why Bank of America (BAC) Stock Is Down Today

Bank of America (BAC) is down 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued pressure from management’s recent warning that third-quarter investment-banking fees will likely come in below last year’s level, alongside expectations for roughly flat sales-and-trading revenue. This could be because investors are reassessing near-term earnings power for the bank’s capital-markets businesses after that softer outlook.

Details:

Management recently guided third-quarter investment-banking fees to about $1.6 billion to $1.8 billion, versus roughly $2.0 billion in the year-earlier period.

Comments at a September financial-services conference also pointed to sales-and-trading revenue being about flat year over year, which offered little help to offset weaker deal fees.

The company’s second-quarter results were solid earlier this summer, so the latest weakness appears tied more to updated forward expectations than to an older earnings miss.

Bank stocks have also been sensitive to shifts in rates and capital-markets sentiment, which can amplify selling when a large lender gives cautious revenue commentary.

Sources:

Bank of America Investor Relations, Reuters, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$BAC Insider Trading Activity

$BAC insiders have traded $BAC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $BAC stock by insiders over the last 6 months:

GEOFFREY S GREENER (Chief Risk Officer) sold 126,756 shares for an estimated $6,718,701

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$BAC Hedge Fund Activity

We have seen 1,795 institutional investors add shares of $BAC stock to their portfolio, and 1,660 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 131,583,164 shares (+inf%) to their portfolio in Q2 2026, for an estimated $7,497,608,684
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 43,967,038 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,505,241,825
BERKSHIRE HATHAWAY INC removed 30,230,150 shares (-5.9%) from their portfolio in Q2 2026, for an estimated $1,722,513,947
CAPITAL WORLD INVESTORS removed 28,439,414 shares (-19.7%) from their portfolio in Q2 2026, for an estimated $1,620,477,809
CITIGROUP INC removed 22,573,169 shares (-56.5%) from their portfolio in Q2 2026, for an estimated $1,286,219,169
PRICE T ROWE ASSOCIATES INC /MD/ removed 12,120,011 shares (-12.2%) from their portfolio in Q2 2026, for an estimated $690,598,226
MILLENNIUM MANAGEMENT LLC removed 11,514,553 shares (-80.7%) from their portfolio in Q2 2026, for an estimated $656,099,229

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$BAC Congressional Stock Trading

Members of Congress have traded $BAC stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $BAC stock by members of Congress over the last 6 months:

REPRESENTATIVE JAMES A. HIMES sold up to $15,000 on 07/20.
REPRESENTATIVE LAUREL M. LEE sold up to $15,000 on 06/02.
SENATOR ALAN ARMSTRONG purchased up to $50,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$BAC Price Targets

Multiple analysts have issued price targets for $BAC recently. We have seen 11 analysts offer price targets for $BAC in the last 6 months, with a median target of $64.0.

Here are some recent targets:

Erika Najarian from UBS set a target price of $68.0 on 07/07/2026
Mike Mayo from Wells Fargo set a target price of $67.0 on 07/06/2026
Vivek Juneja from JP Morgan set a target price of $62.5 on 07/06/2026
Glenn Schorr from Evercore ISI Group set a target price of $63.0 on 07/06/2026
Betsy Graseck from Morgan Stanley set a target price of $67.0 on 06/29/2026
John McDonald from Truist Securities set a target price of $64.0 on 06/26/2026
Keith Horowitz from Citigroup set a target price of $66.0 on 06/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.