Bank of America (BAC)

• Market cap: $293B
• 1 day: -0.28%
• 5 days: 3.16%
• 1 month: -4.43%
• 3 months: -14.64%
• 6 months: -5.74%
• Year to date: -9.96%
• 1 year: 7.75%
• 5 years: 65.82%
• 10 years: 150.35%
• 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

318% more first-time investments, than exits

New positions opened: 414 | Existing positions closed: 99

37% more funds holding in top 10

Funds holding in top 10: 92 [Q3] → 126 (+34) [Q4]

16% more capital invested

Capital invested by funds: $215B [Q3] → $249B (+$34B) [Q4]

9% more funds holding

Funds holding: 2,940 [Q3] → 3,190 (+250) [Q4]

3.77% more ownership

Funds ownership: 69.25% [Q3] → 73.01% (+3.77%) [Q4]

8% less repeat investments, than reductions

Existing positions increased: 1,180 | Existing positions reduced: 1,277

41% less call options, than puts

Call options by funds: $4.8B | Put options by funds: $8.11B

Research analyst outlook

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

• Low target: $42 5% upside
• Avg. target: $48 21% upside
• High target: $54 35% upside

13 analyst ratings

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

Oppenheimer Chris Kotowski 44% 1-year accuracy 25 / 57 met price target	28% upside $51	Outperform Maintained	28 Apr 2025
Argus Research Stephen Biggar 70% 1-year accuracy 14 / 20 met price target	18% upside $47	Buy Maintained	16 Apr 2025
RBC Capital Gerard Cassidy 38% 1-year accuracy 14 / 37 met price target	13% upside $45	Outperform Maintained	16 Apr 2025
Keefe, Bruyette & Woods David Konrad 42% 1-year accuracy 13 / 31 met price target	30% upside $52	Outperform Maintained	16 Apr 2025
UBS Erika Najarian 25% 1-year accuracy 3 / 12 met price target	25% upside $50	Buy Maintained	16 Apr 2025