Candriam S.C.A. 13F: Cuts Bank of America (BAC) Stake by $4.8M
Candriam S.C.A. trimmed its position in Bank of America Corporation by 6.1% in a recent SEC filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Candriam S.C.A. sold 84,140 shares from its stake in Bank of America Corporation ($BAC), a 6.13% decrease, according to a 13F filing with the SEC dated April 30, 2026. It reported 1,289,220 shares worth $73.46 million at the end of the quarter.
Since the filing, $BAC is down 1.3% after 1 week, down 3.6% after 1 month and down 3.2% to date (from the $52.91 close on Apr 30, 2026).
BAC
Bank of America Corporation
Key Points
- Candriam S.C.A. trimmed its Bank of America Corporation (NYSE: BAC) stake by 6.1%, selling 84,140 shares to end the period with 1,289,220 shares.
- Bank of America shares trade around $56.98, near the middle of their 52-week range of $46.12 to $65.23.
- Major firms like Citigroup and Morgan Stanley maintain positive ratings on the banking giant with targets spanning up to $76.00.
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Candriam S.C.A. Trims Holdings
Candriam S.C.A. trimmed its investment in Bank of America Corporation (NYSE: BAC) during the period, cutting its stake by 6.1%. The fund sold 84,140 shares, bringing its total down to 1,289,220 shares. That remaining block was valued at about $73.5 million at the close of the reporting period. Form 13F filings show what institutional managers held at a specific date and do not necessarily reflect current trades.
Candriam S.C.A. vs. the S&P 500
Hypothetical returns from Candriam S.C.A.'s disclosed trades, not real profit or advice. How we model this.
Bank of America Stock Context
Bank of America shares traded near $56.98. The banking giant has a price-to-earnings ratio of 13.4 and sits comfortably between its 52-week low of $46.12 and its high of $65.23. The stock trades above its 200-day moving average of $55.26, reflecting steady momentum over the past year.
Recent Earnings Performance
Bank of America generated $113.9 billion in revenue with a revenue growth rate of 16.8%. The company posted $4.33 in earnings per share alongside a net margin of 29.5% and a return on equity of 11.2%. The next quarterly 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 Metrics
Bank of America pays an annual dividend of $1.28 per share, which translates to a dividend yield of 2.2%. The payout ratio sits at 25.9%, leaving ample room for the bank to cover its payout while returning capital through other channels.
Analysts Set New Price Targets
Wall Street firms continue to update their views on Bank of America alongside shifting market conditions. 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 price target, moving down from $67.00. On October 15, 2026, Truist Securities maintains a Buy rating with a $58.00 price target, down from $62.00. On October 15, 2026, RBC Capital maintains an Outperform rating with a $60.00 price target, down from $65.00. On October 15, 2026, Barclays maintains an Overweight rating with a $68.00 price target, down from $72.00. On October 15, 2026, Wells Fargo maintains an Overweight rating with a $64.00 price target, down from $69.00. On October 15, 2026, TD Cowen maintains a Hold rating with a $56.00 price target, down from $60.00. On October 15, 2026, Evercore ISI Group maintains an Outperform rating with a $57.00 price target, down from $62.00. Across the broader analyst community, the stock holds a consensus Buy recommendation with a mean price target of $68.86 based on 21 opinions.
Inside the Charlotte Institution
Bank of America Corporation operates through subsidiaries to provide financial services to consumers, businesses, and institutional clients worldwide from its headquarters in Charlotte, North Carolina. Its operations span consumer banking, wealth management, commercial lending, and global markets.
What's Ahead for Bank of America Corporation
Institutional investors will continue adjusting positions as macro conditions shift. Observers should watch for the upcoming earnings report in October and subsequent SEC filings to see how major fund managers update their allocations.
Related Filing Alerts
Source: Candriam S.C.A.'s 13F filing on $BAC (Apr 30, 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: Candriam S.C.A. 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts