Vanguard Group 13F: Adds $1.4B to Bank of America (BAC) Stake
Vanguard Group added 23.4 million shares of Bank of America during the period, lifting its massive stake to over 651 million shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Vanguard Group added 23,351,183 shares to its stake in Bank of America Corporation ($BAC), a 3.72% increase, according to a 13F filing with the SEC dated January 29, 2026. It reported 651,076,825 shares worth $37.68 billion at the end of the quarter.
Since the filing, $BAC is up 3.5% after 1 week, down 6.2% after 1 month and down 1.9% to date (from the $52.24 close on Jan 29, 2026).
BAC
Bank of America Corporation
Key Points
- Vanguard Group lifted its position in Bank of America Corporation NYSE:BAC by 3.7% during the period, adding 23,351,183 shares to finish with 651,076,825 shares valued at about $37.7 billion according to a regulatory filing.
- Bank of America shares trade around $57.88, positioned between its 52-week low of $46.12 and its 52-week high of $65.23.
- Wall Street firms keep a consensus buy view on the banking giant with a mean target of $68.86 across 21 analyst opinions.
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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
Vanguard Group Expands Bank of America Holdings
Vanguard Group filed a Form 13F showing a boosted position in Bank of America Corporation NYSE:BAC. The fund increased its stake by 3.7%, purchasing an additional 23,351,183 shares during the reporting period. That brings its total ownership to 651,076,825 shares.
The reported value of this major financial stake reached approximately $37.7 billion based on filing disclosures. Because 13F filings look backward at past quarters, this snapshot reflects holdings at that time and might not match the fund's current share count today.
Bank of America Shares Track Near Recent Levels
Bank of America shares recently traded at $57.88 on Saturday. The equity moves well above its 200-day moving average of $55.26, though it remains below its 52-week peak of $65.23 and well clear of its 52-week floor at $46.12.
Recent Earnings and Financial Health
Bank of America generated $113.93 billion in revenue over the trailing period, alongside a solid net margin of 29.5%. The lender reported earnings of $4.33 per share and a return on equity of 11.2%. The company's next earnings report 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
Investors receive an annual dividend of $1.28 per share, which translates to a dividend yield of 2.2% at current trading levels. The bank funds this payout using roughly 25.9% of its earnings.
Analysts Set New Price Targets
Research firms adjusted several price targets following recent updates. On October 15, 2026, Citigroup maintained a Buy rating with a target of $60.00. Morgan Stanley kept an Overweight rating and set a target of $61.00. Truist Securities maintained its Buy rating with a target of $58.00. RBC Capital kept an Outperform rating and adjusted its target to $60.00. Barclays maintained an Overweight rating with a $68.00 target. Wells Fargo kept an Overweight rating and a target of $64.00. TD Cowen maintained a Hold rating with a target of $56.00. Evercore ISI Group kept an Outperform rating with a target of $57.00.
Inside Bank of America Operations
Headquartered in Charlotte, North Carolina, Bank of America operates major segments covering consumer banking, global wealth management, commercial banking, and global markets. The bank serves millions of individual consumers, small businesses, and large institutions worldwide.
What's Ahead for Bank of America Corporation
Institutional investors will monitor upcoming quarterly results in October to check loan growth and deposit trends. Filings from major asset managers like Vanguard offer insight into long-term institutional sentiment, though traders should remember these reports lag real-time market activity.
Related Filing Alerts
Source: Vanguard Group's 13F filing on $BAC (Jan 29, 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: Vanguard Group 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts