Waverly Advisors 13F: Adds $971K to Bank of America (BAC) Stake

Waverly Advisors Expands Bank of America Holdings

Waverly Advisors added to its investment in Bank of America Corporation NYSE:BAC, according to a Form 13F filed with the Securities and Exchange Commission. The firm lifted its position by 3.01% during the period ending May 15, 2026. The purchase of 17,046 shares brought the total count to 582,978 shares. That stake carried a value of approximately $33.2 million based on reporting period metrics.

Bank of America Stock and Market Position

The shares trade around $56.98. Bank of America operates major segments covering consumer banking, global wealth, commercial lending, and market-making operations. Because 13F filings look backward at historical holdings, this report reflects positions held as of May 15, 2026 and may not show where the fund stands today.

Analysts Set New Price Targets

A broad group of analysts issued updates on the stock on October 15, 2026. On October 15, 2026, Citigroup maintains the stock with a Buy rating and a $60.00 price target, down from its prior target of $66.00. On October 15, 2026, Morgan Stanley maintains an Overweight rating with a $61.00 target, moving from $67.00. On October 15, 2026, Truist Securities maintains a Buy rating while shifting its target from $62.00 to $58.00. On October 15, 2026, RBC Capital maintains an Outperform rating and adjusts its target from $65.00 to $60.00.

Additional firms also adjusted their outlooks on the same date. On October 15, 2026, Barclays maintains an Overweight rating, adjusting its target from $72.00 to $68.00. On October 15, 2026, Wells Fargo maintains an Overweight rating with a target moved from $69.00 to $64.00. On October 15, 2026, TD Cowen maintains a Hold rating while shifting its target from $60.00 to $56.00. Finally, on October 15, 2026, Evercore ISI Group maintains an Outperform rating with a target adjusted from $62.00 to $57.00.

Inside Bank of America Operations

Based in Charlotte, North Carolina, Bank of America provides diverse financial services to individuals, businesses, and institutional clients worldwide. Founded in 1784, the institution employs 211,000 workers across four primary operating divisions. These segments handle everything from traditional retail savings accounts to complex corporate derivatives and underwriting services.

Looking Ahead for Investors

Market participants continue to monitor institutional portfolio shifts and upcoming corporate disclosures. Investors look ahead to the next earnings release scheduled for October 14, 2026. These historical filings provide a window into past institutional strategy without offering forward-looking investment advice.