Bank of America Sees Unusually High Options Volume (NYSE:BAC)

04 Dec 2025, 22:10 by Tristan Rich · The Markets Daily

Bank of America Corporation (NYSE:BAC) was the target of some unusual options trading on Thursday. Traders acquired 580,384 call options on the stock. This is an increase of 286% compared to the average volume of 150,509 call options.

Institutional Investors Weigh In On Bank of America

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Bank of America during the 2nd quarter valued at $5,091,641,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Bank of America by 640.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock valued at $2,399,798,000 after acquiring an additional 40,235,201 shares during the last quarter. Deutsche Bank AG increased its position in Bank of America by 45.1% during the first quarter. Deutsche Bank AG now owns 48,112,090 shares of the financial services provider’s stock valued at $2,007,718,000 after acquiring an additional 14,960,086 shares during the last quarter. Capital World Investors lifted its holdings in Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after acquiring an additional 14,275,810 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Bank of America by 124.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock worth $833,771,000 after purchasing an additional 9,782,208 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BAC. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $58.00 target price (up previously from $57.00) on shares of Bank of America in a research report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. HSBC raised their price objective on Bank of America from $51.00 to $53.00 and gave the company a “hold” rating in a research report on Thursday, October 2nd. Robert W. Baird upped their target price on shares of Bank of America from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Dbs Bank raised shares of Bank of America to a “moderate buy” rating in a research report on Wednesday, October 22nd. Twenty-three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $57.77.

Check Out Our Latest Stock Analysis on Bank of America

Bank of America Price Performance

Bank of America stock remained flat at $54.09 during mid-day trading on Thursday. 37,929,641 shares of the company were exchanged, compared to its average volume of 40,086,023. Bank of America has a 52 week low of $33.06 and a 52 week high of $54.69. The company’s 50 day moving average price is $52.00 and its 200-day moving average price is $48.98. The firm has a market cap of $394.99 billion, a P/E ratio of 14.74 and a beta of 1.30. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79.

Bank of America (NYSE:BAC – Get Free Report) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $27.05 billion. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. Bank of America’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. On average, equities research analysts anticipate that Bank of America will post 3.7 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, December 26th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, December 5th. Bank of America’s payout ratio is presently 30.52%.

About Bank of America

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