Bank of America (BAC)

• Market cap: $334B
• 1 day: 0.73%
• 5 days: -0.87%
• 1 month: -0.63%
• 3 months: 7.17%
• 6 months: -2.33%
• Year to date: 0.27%
• 1 year: 12.40%
• 5 years: 72.13%
• 10 years: 153.05%
• Sector: Financials
• Industry: Banks - Diversified

About: Bank of America is one of the largest financial institutions in the United States, with more than $3.2 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

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

5% less first-time investments, than exits

New positions opened: 159 | Existing positions closed: 167

5% less repeat investments, than reductions

Existing positions increased: 1,277 | Existing positions reduced: 1,347

1.85% less ownership

Funds ownership: 73.07% [Q4 2024] → 71.22% (-1.85%) [Q1 2025]

2% less funds holding

Funds holding: 3,215 [Q4 2024] → 3,138 (-77) [Q1 2025]

9% less capital invested

Capital invested by funds: $249B [Q4 2024] → $226B (-$23.3B) [Q1 2025]

14% less funds holding in top 10

Funds holding in top 10: 125 [Q4 2024] → 108 (-17) [Q1 2025]

33% less call options, than puts

Call options by funds: $4.26B | Put options by funds: $6.33B

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $42 5% downside
• Avg. target: $48 9% upside
• High target: $54 22% upside

13 analyst ratings

• positive: 12 92%
• neutral: 1 8%
• negative: 0 0%

Goldman Sachs Richard Ramsden	17% upside $52	Buy Maintained	10 Jun 2025
Oppenheimer Chris Kotowski	15% upside $51	Outperform Maintained	28 Apr 2025
Argus Research Stephen Biggar	6% upside $47	Buy Maintained	16 Apr 2025
RBC Capital Gerard Cassidy	1% upside $45	Outperform Maintained	16 Apr 2025
Keefe, Bruyette & Woods David Konrad	17% upside $52	Outperform Maintained	16 Apr 2025