CTC 13F: Cuts Bank of America (BAC) Stake by $2.3M

CTC significantly lowered its stake in Bank of America (NYSE:BAC) during the period ending May 21, 2026, according to its latest Form 13F filing with the SEC. The firm sold 42,301 shares, which represents a 64.0% decrease in its position. Following the sale, CTC held 23,766 shares of the financial giant, a position valued at approximately $1.31 million at the time of the report.

CTC Trims Its Bank of America Holdings

The move by CTC brought its total share count down from 66,067 shares to 23,766. This reduction follows a period where other major institutional players showed mixed sentiment toward the bank. While Boston Partners and Schroder Investment Management recently added to their holdings, Candriam S.C.A. joined CTC in the selling camp by trimming its stake earlier in the year. It is important to note that 13F filings are backward-looking and represent the fund's holdings as of the reporting date, not necessarily its current trades in the market.

Bank of America Stock Price Trends

On Friday, Bank of America shares were trading at $55.16. The stock has experienced some volatility lately, moving between a 52-week low of $46.12 and a high of $65.23. The current price sits right near the 200-day moving average of $55.26, a level that technical traders often watch to see if a stock can find support or if it might head lower. With a market capitalization of $405.30 billion, the company currently trades at a price-to-earnings (P/E) ratio of 13.39, which compares its price to its annual profits.

Recent Earnings Performance

In its most recent financial updates, Bank of America reported revenue of $113.93 billion, which represents a 16.8% increase in growth. The company posted earnings per share (EPS) of $4.33. The bank also reported a return on equity of 11.2%, a metric that shows how efficiently it generates profit from shareholder money. Investors are now looking toward October 14, 2026, when the company is scheduled to report its next set of quarterly financial results.

Dividend Income for Shareholders

Bank of America continues to return value to its investors through a steady dividend. The company pays an annual dividend rate of $1.28 per share, which currently provides a dividend yield of 2.22%. The payout ratio is 25.87%, meaning the bank uses about a quarter of its earnings to cover these payments to shareholders.

Analysts Set New Price Targets

Several Wall Street firms updated their outlook on Bank of America on October 15, 2026. Barclays maintains an Overweight rating with a $68.00 price target, while Wells Fargo also keeps an Overweight rating with a $64.00 target. Morgan Stanley reiterated its Overweight rating with a $61.00 target, and Citigroup stayed at a Buy with a $60.00 target. While many of these firms lowered their price targets from previous levels, the general consensus among the 21 analysts covering the stock remains a Buy.

About Bank of America

Bank of America is one of the world's largest financial institutions, providing services like checking accounts, mortgages, and investment management to people and businesses. Based in Charlotte, North Carolina, it operates through several divisions that handle everything from local consumer banking to global wealth management and corporate trading. Because the bank is so large, its performance is often seen as a bellwether for the health of the broader U.S. economy.

What's Ahead for BAC

With CTC pulling back its investment, investors will be watching to see if other institutional funds follow suit or if the bank's upcoming October earnings report can spark a new rally. As always, these 13F filings provide a snapshot of where big money was positioned in the past, but they do not account for any changes in strategy that may have happened since the filing date.