Bank of America
BAC
Market cap $339B

44.17 USD

+0.79

1.82%

At close Dec 20, 4:00 PM EST

After hours

44.30

+0.13

0.29%

1 day

1.82%

5 days

-3.11%

1 month

-4.10%

3 months

9.68%

6 months

10.45%

Year to date

30.29%

1 year

33.93%

5 years

26.34%

10 years

149.41%

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

Financials National Commercial Banks

0

Funds holding %

of 6,809 funds

0

Analysts bullish %

of 10 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

15% more first-time investments, than exits

New positions opened: 187 | Existing positions closed: 162

1% more funds holding

Funds holding: 2,893 [Q2] → 2,918 (+25) [Q3]

4.19% less ownership

Funds ownership: 73.56% [Q2] → 69.37% (-4.19%) [Q3]

6% less capital invested

Capital invested by funds: $229B [Q2] → $215B (-$13.5B) [Q3]

12% less repeat investments, than reductions

Existing positions increased: 1,116 | Existing positions reduced: 1,271

14% less funds holding in top 10

Funds holding in top 10: 105 [Q2] → 90 (-15) [Q3]

25% less call options, than puts

Call options by funds: $4.67B | Put options by funds: $6.2B

See Fund Rankings

Research analyst outlook

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

Low target

$44

0%

upside

Avg. target

$52

17%

upside

High target

$57

29%

upside

10 analyst ratings

8 positive

80%

2 neutral

20%

0 negative

0%

Morgan Stanley Betsy Graseck 73% 1-year accuracy 35 / 48 met price target	25%upside $55	Equal-Weight Downgraded	9 Dec 2024
Piper Sandler Scott Siefers 56% 1-year accuracy 14 / 25 met price target	13%upside $50	Neutral Maintained	3 Dec 2024
Keefe, Bruyette & Woods David Konrad 59% 1-year accuracy 17 / 29 met price target	29%upside $57	Outperform Maintained	3 Dec 2024
Wells Fargo Whit Mayo 59% 1-year accuracy 10 / 17 met price target	27%upside $56	Overweight Maintained	15 Nov 2024
Citigroup Keith Horowitz 62% 1-year accuracy 13 / 21 met price target	22%upside $54	Buy Upgraded	8 Nov 2024

See Analyst Rankings

Financial journalist opinion

Based on 54 articles about BAC published over the past 30 days

JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud

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JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud

CFPB targets Big Banks in lawsuit over alleged fraud on Zelle

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CFPB targets Big Banks in lawsuit over alleged fraud on Zelle

US consumer watchdog sues banks over alleged ‘widespread' fraud on Zelle

Lawsuit is part of CFPB's aggressive agenda in reported bid to advance protections before Trump overhauls agency

US consumer watchdog sues banks over alleged ‘widespread' fraud on Zelle

CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and Wells Fargo — alleging that they failed to protect consumers from “widespread fraud” on the peer-to-peer payment network.

CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards

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Financial regulators on Friday filed a lawsuit against JPMorgan Chase, Bank of America, Wells Fargo and Zelle's parent firm, accusing the companies of failing to protect consumers from “widespread fraud” on the payments platform.

U.S. Regulators Sue JPMorgan Chase, Bank Of America And Wells Fargo Over Alleged Fraud On Zelle

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Citi, Bank of America, Goldman offer strong prospects for 2025, analyst says

CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud

The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominant transactions on it. The agency alleges that the firms failed to properly investigate fraud complaints or give victims reimbursements.

CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud

The Motley Fool

My Top 10 Portfolio Holdings for 2025

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My Top 10 Portfolio Holdings for 2025

Zacks Investment Research

Fed Turns Hawkish, Signals Fewer 2025 Cuts: What This Means for Banks

The Fed signals fewer rate cuts for 2025 on persistent inflation. So, the operating backdrop for banks like JPM, BAC, C, CMA & KEY is less likely to improve.

Fed Turns Hawkish, Signals Fewer 2025 Cuts: What This Means for Banks

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