Amundi 13F: Adds $269M to Bank of America (BAC) Stake
Amundi has boosted its holdings in Bank of America by 4.7 million shares, reflecting a 12.5% increase.
Reviewed by automated data checks against the source filing. How we make and check alerts
Amundi added 4,721,969 shares to its stake in Bank of America Corporation ($BAC), a 12.54% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 42,385,115 shares worth $2.42 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 increased its stake in Bank of America by 4.7 million shares, bringing its total to 42.4 million shares valued at about $2.4 billion as of May 18, 2026.
- Amundi held 42,385,115 $BAC shares at quarter end, up 12.54% from the prior quarter.
- Bank of America shares are currently trading at $56.98, which is below its 52-week high of $65.23, suggesting room for growth.
- Analysts maintain a positive outlook on Bank of America, with a consensus rating of 'buy' and a mean price target of $68.86.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Bank of America Corporation alert may contain errors. Disclosures
Amundi Boosts Stake in Bank of America
Amundi has increased its position in Bank of America Corporation (NYSE: BAC) by 4.7 million shares, raising its total to 42.4 million shares. This change, reported in the latest Form 13F filing with the SEC, reflects a 12.5% increase in its holdings, valued at approximately $2.4 billion as of May 18, 2026.
What Changed in Amundi's Position
Amundi's stake in Bank of America grew from 37.7 million shares to 42.4 million shares. The added 4.7 million shares shows the fund's continued confidence in the bank's performance and prospects.
Analysts Set New Price Targets
Several analysts have maintained their ratings on Bank of America. Citigroup, Morgan Stanley, and Truist Securities all reiterated their 'buy' ratings with price targets of $60.00, $61.00, and $58.00, respectively, on October 15, 2026. RBC Capital and Barclays also kept their ratings at 'outperform' and 'overweight' with targets of $60.00 and $68.00. The consensus among 21 analysts is a 'buy' rating with a mean price target of $68.86, indicating a positive outlook for the stock.
Stock Performance and Market Context
As of Saturday, Bank of America shares are trading at $56.98. This price is below the 52-week high of $65.23, suggesting that there might be potential for appreciation. The stock's performance can be seen against its recent trading history, where it has been fluctuating around its 50-day moving average of $61.91.
Recent Earnings
In its most recent earnings report, Bank of America posted revenue of approximately $113.9 billion, reflecting a revenue growth of 16.8%. The next earnings report is scheduled for October 14, 2026, where investors will be looking for further insights into the bank's performance.
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.
What Bank of America Corporation Does
Bank of America Corporation provides a wide range of financial services including banking, investment management, and wealth management solutions. With a strong market presence, the bank serves individual consumers, small businesses, and large corporations, making it a key player in the financial services sector.
What's Ahead for Bank of America Corporation
Investors will be watching for Bank of America's next earnings report on October 14, 2026. As a reminder, the 13F filing reflects holdings as of the reporting period and may not represent Amundi's current position. The continued interest from institutional investors like Amundi could signal ongoing confidence in the bank's future performance.
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