Bank of America (BAC)

• Market cap: $317B
• 1 day: -3.08%
• 5 days: -3.91%
• 1 month: -10.52%
• 3 months: -6.06%
• 6 months: 3.96%
• Year to date: -6.86%
• 1 year: 8.78%
• 5 years: 87.16%
• 10 years: 165.79%
• Sector: Financials
• Industry: National Commercial Banks

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

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

299% more first-time investments, than exits

New positions opened: 403 | Existing positions closed: 101

37% more funds holding in top 10

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

13% more capital invested

Capital invested by funds: $221B [Q3] → $249B (+$28B) [Q4]

8% more funds holding

Funds holding: 2,939 [Q3] → 3,172 (+233) [Q4]

1.82% more ownership

Funds ownership: 71.17% [Q3] → 72.98% (+1.82%) [Q4]

8% less repeat investments, than reductions

Existing positions increased: 1,172 | Existing positions reduced: 1,279

41% less call options, than puts

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

Research analyst outlook

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

• Low target: $49 19% upside
• Avg. target: $52 27% upside
• High target: $58 41% upside

10 analyst ratings

• positive: 8 80%
• neutral: 2 20%
• negative: 0 0%

Citigroup Keith Horowitz 67% 1-year accuracy 18 / 27 met price target	21% upside $50	Buy Maintained	24 Mar 2025
Morgan Stanley Betsy Graseck 74% 1-year accuracy 35 / 47 met price target	36% upside $56	Equal-Weight Maintained	13 Mar 2025
Baird David George 44% 1-year accuracy 4 / 9 met price target	21% upside $50	Outperform Upgraded	7 Mar 2025
JP Morgan Vivek Juneja 83% 1-year accuracy 5 / 6 met price target	20% upside $50	Overweight Maintained	3 Feb 2025
Piper Sandler Scott Siefers 55% 1-year accuracy 12 / 22 met price target	19% upside $49	Neutral Maintained	17 Jan 2025