We rank companies based on fund manager, research analyst and news sentiment
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Bank of America
BAC

$36.97
3.3%
 

About: Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.

Employees: 213,000

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 22 analysts
0
News positive %
of 117 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

66% more first-time investments, than exits

New positions opened: 344 | Existing positions closed: 207

37% more funds holding in top 10

Funds holding in top 10: 73 [Q3] → 100 (+27) [Q4]

24% more capital invested

Capital invested by funds: $151B [Q3] → $187B (+$36.5B) [Q4]

5% more funds holding

Funds holding: 2,551 [Q3] → 2,688 (+137) [Q4]

2.11% more ownership

Funds ownership: 68.24% [Q3] → 70.34% (+2.11%) [Q4]

28% less call options, than puts

Call options by funds: $4.17B | Put options by funds: $5.78B

29% less repeat investments, than reductions

Existing positions increased: 877 | Existing positions reduced: 1,238

Research analyst outlook

22 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$30
19%
downside
Avg. target
$40
9%
upside
High target
$51
38%
upside

22 analyst ratings

12 positive
55%
neutral
41%
negative
5%
Wolfe Research
Steven Chubak
14%upside
$42
Outperform
Upgraded
19 Apr 2024
BMO Capital
James Fotheringham
0%upside
$37
Market Perform
Maintained
18 Apr 2024
Oppenheimer
Chris Kotowski
22%upside
$45
Outperform
Maintained
17 Apr 2024
Jefferies
Ken Usdin
5%upside
$39
Hold
Maintained
8 Apr 2024
Keefe, Bruyette & Woods
David Konrad
0%upside
$37
Market Perform
Maintained
5 Apr 2024

Financial journalist opinion

Based on 117 articles about BAC published over the past 30 days