Amundi 13F: Adds $260M to Bank of America (BAC) Stake
Institutional investor Amundi expanded its position in Bank of America Corporation by 12.5%, according to a recent regulatory filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Amundi added 4,721,969 shares to its stake in Bank of America Corporation ($BAC), a 12.54% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 42,385,115 shares worth $2.34 billion at the end of the quarter.
Since the filing, $BAC is up 3.0% after 1 week, up 12.1% after 1 month and up 2.1% to date (from the $50.17 close on May 18, 2026).
BAC
Bank of America Corporation
Key Points
- Amundi lifted its holdings in Bank of America Corporation NYSE:BAC by 12.5% during the period, adding 4,721,969 shares to reach a total of 42,385,115 shares valued at about $2.34 billion.
- Bank of America shares trade around $55.16, sitting below its 50-day moving average of $61.91 and carrying a trailing P/E ratio of 13.4.
- Analyst firms including Citigroup, Morgan Stanley, and Barclays recently maintained their ratings on the stock with target prices ranging from $56 to $68.
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Amundi Expands Stake in Bank of America
Institutional investment manager Amundi boosted its holdings in Bank of America Corporation NYSE:BAC by 12.5% during the reporting period, according to a Form 13F filing with the U.S. Securities and Exchange Commission. Because 13F filings look backward, the report captures portfolio values as of that past date and may not reflect the investor's current holdings today.
Inside the 12.5% Position Increase
During the quarter, Amundi bought an additional 4,721,969 shares of the Charlotte-based bank. That addition brought its total share count to 42,385,115 shares. Based on the valuation provided in the regulatory filing, the stake was worth approximately $2.34 billion at the time.
Where Bank of America Stock Trades Now
Bank of America shares recently changed hands at $55.16. The stock has traded in a 52-week range between $46.12 and $65.23. Its 50-day moving average sits at $61.90, while its 200-day moving average rests at $55.26. The company has a trailing price-to-earnings ratio of 13.39 and a forward P/E of 10.96.
Recent Earnings and Financial Health
For its recent operational period, the financial institution reported $113.9 billion in revenue alongside earnings of $4.33 per share. The company generated a net profit margin of 29.5% and a return on equity of 11.2%. The firm's next quarterly earnings update is scheduled for October 14, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 8.6%. Revenue met estimates.
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Profit surprise
Operating income missed by 10 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
6 target raises.
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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 Payout Details
Bank of America pays an annual dividend of $1.28 per share, which translates to a dividend yield of 2.22%. The company's payout ratio stands at 25.87%, meaning it distributes about a quarter of its earnings to shareholders.
Wall Street Analyst Outlook
Wall Street firms updated their views on the stock following recent reporting. On October 15, 2026, Citigroup maintained a Buy rating on the stock with a $60 price target, down from its prior target of $66. On the same day, Morgan Stanley kept an Overweight rating and set a target of $61, lowering it from $67. Truist Securities maintained a Buy rating with a target price of $58, down from $62. RBC Capital kept an Outperform rating with a target of $60, lowered from $65. Barclays maintained an Overweight rating with a target of $68, down from $72. Wells Fargo kept an Overweight rating with a target of $64, reduced from $69. TD Cowen maintained a Hold rating with a target of $56, down from $60. Finally, Evercore ISI Group kept an Outperform rating with a target of $57, down from $62. Overall, the stock carries a consensus Buy rating and a mean price target of $68.86 across 21 analyst opinions.
Understanding Bank of America Corporation
Headquartered in Charlotte, North Carolina, Bank of America provides banking, investing, and asset management services to individual consumers, businesses, and institutional clients globally through its consumer, wealth management, commercial banking, and market operations.
What to Watch Next for Shareholders
Investors tracking Amundi's portfolio or Bank of America shares will look toward the upcoming October earnings release and subsequent institutional filings to see how major fund managers adjust their positions amid changing market conditions.
Related Filing Alerts
Source: Amundi's 13F filing on $BAC (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Amundi 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts