Rep. Laurel M. Lee (R-FL) Sells Bank of America (BAC) Stock
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Laurel M. Lee (R)
- Status:
- Member — House
- Party:
- Republican
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Oct 16, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Bank of America Corporation ($BAC) | Sell | Aug 24, 2026 | $50,001 - $100,000 |
Summary of the filed report, not the original document.
Key Points
- Rep. Laurel M. Lee disclosed the sale of Bank of America stock in a transaction valued between $50,001 and $100,000.
- Bank of America closed at $62.33 on August 24, 2026, and recently traded around $51.09.
- The financial giant offers a 2.5% dividend yield and trades at a price-to-earnings ratio of 12.0.
Since the trade, $BAC is down 0.6% after 1 week, down 9.7% after 1 month and down 18.7% to date (from the $62.01 close on Aug 24, 2026).
Get Bank of America text alerts
We text you when insiders, Congress, analysts or big funds move on $BAC.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Bank of America Corporation alert may contain errors. Disclosures
Rep. Laurel M. Lee, a Republican lawmaker representing Florida's 15th district in the House, sold shares of Bank of America Corporation ticker BAC, according to a periodic transaction report filed on October 16, 2026. The disclosed trade, which took place on August 24, 2026, fell into a value range between $50,001 and $100,000.
BAC
Bank of America Corporation
Laurel M. Lee vs. the S&P 500
Hypothetical returns from Laurel M. Lee's disclosed trades, not real profit or advice. How we model this.
Inside Laurel M. Lee's Bank of America Trade
The House disclosure notes that the transaction was executed on August 24, 2026, with the total value reported as a range rather than an exact share count or dollar figure. Under the STOCK Act, lawmakers must report stock transactions publicly weeks after they happen, and the filing was made available to the public on October 16, 2026.
Other Institutional Activity in Bank of America Corporation
Berkshire Hathaway, Inc reduced its holdings by 30,253,860 shares, ending the period with 483,394,015 shares worth about $24.37 billion.
Bank of America Corporation Stock Down 0.3%
Bank of America shares closed at $62.33 on August 24, 2026, and recently traded around $51.09 on October 19, 2026. That puts the stock below its 50-day moving average of $59.05 and about 21.7% under its 52-week high of $65.23.
Recent Earnings
Bank of America generated trailing twelve month revenue of $114.87 billion and an EPS of $4.19. The company posted a net profit margin of 28.1% and a return on equity of 10.7%, with its next earnings report scheduled for January 15, 2027.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
6 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 8.6%. Revenue met estimates.
-
Profit surprise
Operating income missed by 10 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
6 target raises.
-
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
The bank pays an annual dividend rate of $1.28 per share, which translates to a 2.5% dividend yield based on recent trading levels. This payout is supported by a dividend payout ratio of 25.9%.
Insider Buying and Selling at Bank of America Corporation
Several company officers trimmed their holdings earlier in the year. Thomas M Scrivener sold 50,000 shares on March 5, 2026, at $49.82 per share for a total value of $2,491,000. Sheri B Bronstein sold 60,000 shares on the same day at $49.91 per share, totaling $2,994,600. Bernard Amponsah Mensah sold 94,000 shares on March 12, 2026, at $46.94 per share for $4,412,642, and Geoffrey S Greener sold 126,756 shares on May 5, 2026, at $53.00 per share.
Analysts Set New Price Targets
Analyst firms adjusted their views on the stock in mid-October 2026. Citigroup maintained a buy rating with a $60.00 price target on October 15, 2026. Morgan Stanley kept an overweight rating with a $61.00 price target on the same day. Truist Securities maintained a buy rating with a $58.00 target, RBC Capital maintained an outperform rating with a $60.00 target, and Barclays kept an overweight rating with a $68.00 target on October 15, 2026. The stock currently holds a consensus strong buy recommendation and a mean price target of $63.45 across 22 analyst opinions.
About Bank of America Corporation
Bank of America operates as a major global financial institution providing banking, investment, asset management, and other financial services to individual consumers, businesses, and governments. It operates through segments focused on consumer banking, wealth management, commercial banking, and global markets.
Bottom Line
The congressional disclosure offers a look into recent portfolio adjustments by lawmakers, adding to the public record of trades. Observers will track the bank's upcoming earnings release on January 15, 2027, for further details on its financial trajectory.
Related Filing Alerts
Source: Laurel M. Lee's STOCK Act disclosure on $BAC (Aug 24, 2026). Written by software, not financial advice. How we make alerts