Bank of America Series L (BAC.PRL)

• Market cap: $3.62B
• 1 day: -0.27%
• 5 days: 0.47%
• 1 month: 0.95%
• 3 months: -5.03%
• 6 months: -5.32%
• Year to date: -3.45%
• 1 year: -1.17%
• 5 years: -13.23%
• 10 years: 2.71%
• 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)

62% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 13

13% more funds holding in top 10

Funds holding in top 10: 8 [Q4 2024] → 9 (+1) [Q1 2025]

1% more capital invested

Capital invested by funds: $2.26B [Q4 2024] → $2.28B (+$23.7M) [Q1 2025]

0% more funds holding

Funds holding: 255 [Q4 2024] → 255 (+0) [Q1 2025]

7.69% less ownership

Funds ownership: 248.88% [Q4 2024] → 241.19% (-7.69%) [Q1 2025]

18% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 79