In the third quarter, IMS Investment Management Services Ltd. reduced its Bank of America position by 48.7%, selling 25,965 shares and leaving a holding of 27,317 shares valued at $1.409 million in its latest 13F filing with the SEC. Meanwhile, Brighton Jones LLC increased its stake by 30.0%, adding 25,143 shares to reach 108,872 shares valued at $4.785 million in the fourth quarter. First Financial Bankshares Inc. boosted its holdings by 14.7% in the first quarter, purchasing 213,731 shares to total 1,663,914 shares worth $69.435 million. Focus Partners Advisor Solutions LLC raised its position by 12.0%, acquiring 14,612 shares to reach 136,846 shares valued at $5.710 million, and Quarry LP initiated a new stake valued at approximately $512,000. Maverick Capital Ltd. also entered with a new position worth about $152.1 million. Collectively, institutional and hedge funds now control 70.71% of the company’s shares.

Bank of America reported third-quarter earnings per share of $1.06, outperforming consensus estimates by $0.13. Revenue for the period came in at $27.05 billion, up 10.8% year-over-year, driven by strong trading and mortgage banking results. The firm delivered a net margin of 15.7% and a return on equity of 10.76%. The board declared a quarterly dividend of $0.28 per share, representing an annualized payout of $1.12 and a payout ratio of 30.5%. The dividend was paid December 26 to shareholders of record as of December 5, supporting a current yield of 2.0%. Analysts project full-year EPS of 3.70.

Options strategists highlight a covered call approach on Bank of America stock as a means to generate incremental premium income while establishing a downside buffer. By selling one-month calls at strikes modestly above current levels, investors can collect premium that offsets potential share price weakness of up to 3–5%, effectively reducing breakeven by the amount of the premium received. This tactic can be rolled monthly to maintain income flow, and historical option chain data shows average premiums equivalent to 1.2% of share price per contract over the past twelve months.

On Closing Bell Overtime, Bank of America’s chief U.S. economist Aditya Bhave forecast real GDP growth of 1.8% for 2026, citing resilient consumer spending and easing trade tensions. Fast Money traders on CNBC noted that large-cap banks have benefited from widening net interest margins and expect credit costs to normalize, supporting earnings visibility into 2026. Participants highlighted that regulatory capital ratios remain robust, with the firm’s Common Equity Tier 1 ratio above regulatory minima, and that corporate loan demand is poised to grow if tariff pressures continue to ease.