Bank of America
BAC

$41.67

0.05%

Market Cap: 326B

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: 212,000

Financials National Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 29 analysts

0

News positive %

of 122 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

23% more first-time investments, than exits

New positions opened: 225 | Existing positions closed: 183

11% more capital invested

Capital invested by funds: $188B [Q4 2023] → $209B (+$21B) [Q1 2024]

2% more funds holding

Funds holding: 2,776 [Q4 2023] → 2,818 (+42) [Q1 2024]

0.47% less ownership

Funds ownership: 70.44% [Q4 2023] → 69.96% (-0.47%) [Q1 2024]

5% less funds holding in top 10

Funds holding in top 10: 104 [Q4 2023] → 99 (-5) [Q1 2024]

14% less repeat investments, than reductions

Existing positions increased: 1,062 | Existing positions reduced: 1,231

37% less call options, than puts

Call options by funds: $5.08B | Put options by funds: $8.11B

See Fund Rankings

Research analyst outlook

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

Low target

$33

21%

downside

Avg. target

$42

2%

upside

High target

$50

20%

upside

29 analyst ratings

17 positive

59%

9 neutral

31%

3 negative

10%

BMO Capital James Fotheringham	4%downside $40	Market Perform Maintained	18 Jul 2024
Morgan Stanley Betsy Graseck	10%upside $46	Overweight Maintained	17 Jul 2024
Barclays Jason Goldberg	18%upside $49	Overweight Maintained	17 Jul 2024
Evercore ISI Group Glenn Schorr	10%upside $46	Outperform Maintained	17 Jul 2024
Keefe, Bruyette & Woods David Konrad	15%upside $48	Outperform Reiterated	17 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 122 articles about BAC published over the past 30 days

XOM, BAC, GOOG: Example Trade & Technical Trends

Exxon Mobil (XOM), Bank of America (BAC), and Google (GOOG) are today's Big Three. Tom O'Brien and Ben Lichtenstein discuss the technical trends, as well as how to trade these stocks.

XOM, BAC, GOOG: Example Trade & Technical Trends

Warren Buffett Is Dumping Bank of America (BAC) Stock. What's Going On?

Warren Buffett and Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) have now sold Bank of America (NYSE: BAC ) for six consecutive trading days. The conglomerate's last Form 4 revealed that it had sold 18.89 million shares between July 22 and July 24.

Warren Buffett Is Dumping Bank of America (BAC) Stock. What's Going On?

Zacks Investment Research

Brokers Suggest Investing in Bank of America (BAC): Read This Before Placing a Bet

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Brokers Suggest Investing in Bank of America (BAC): Read This Before Placing a Bet

Merrill and IMG Academy Launch Partnership to Bring Financial Education to Student-Athletes

The Multi-Year Partnership Aims to Empower Student-Athletes to Pursue Financial Goals NEW YORK , July 25, 2024 /PRNewswire/ -- Today, Merrill Wealth Management and IMG Academy announced a three-year partnership to offer more education and resources around financial awareness to student-athletes and their families. The program aims to provide actionable financial education to IMG Academy student-athletes that can help them throughout their student-athlete journey and in life.

Merrill and IMG Academy Launch Partnership to Bring Financial Education to Student-Athletes

Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale

Warren Buffett's holding company sold more Bank of America shares this week, reducing its holding across six consecutive trading days.

Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale

BofA's CashPro® App Surpasses $500 Billion in Payment Approvals

App on Track to Reach $1 Trillion by Year End NEW YORK , July 25, 2024 /PRNewswire/ -- Bank of America has seen the adoption and use of its CashPro App for corporate payment approvals accelerate significantly over the last couple of years. Corporate payment approvals completed via the CashPro App surpassed a record $500 billion as of the middle of this year – up nearly 40% compared to the middle of last year – and are on pace to reach a trillion dollars by the end of 2024.

BofA's CashPro® App Surpasses $500 Billion in Payment Approvals

Berkshire Hathaway Sells More Bank of America Stock

Warren Buffet has been selling shares of his second-largest holding in recent days.

Berkshire Hathaway Sells More Bank of America Stock

Bank of America Increases Common Stock Dividend 8% to $0.26 Per Share, Authorizes $25 Billion Stock Repurchase Program

CHARLOTTE, N.C. , July 24, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, up $0.02 from the prior quarter.

Bank of America Increases Common Stock Dividend 8% to $0.26 Per Share, Authorizes $25 Billion Stock Repurchase Program

Why bank stocks don't need ‘rotation out of tech' to keep rising after July jump

While we think tech stocks will return to the front of the pack before long, we think bank stocks may fare better than many over the rest of the year,' says Capital Economics

Why bank stocks don't need ‘rotation out of tech' to keep rising after July jump

Zacks Investment Research

Investors Heavily Search Bank of America Corporation (BAC): Here is What You Need to Know

Zacks.com users have recently been watching Bank of America (BAC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Investors Heavily Search Bank of America Corporation (BAC): Here is What You Need to Know

See News Rankings