Bank of AmericaBAC
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]
8% more funds holding
Funds holding: 2,940 [Q3] → 3,188 (+248) [Q4]
3.77% more ownership
Funds ownership: 69.25% [Q3] → 73.01% (+3.77%) [Q4]
8% less repeat investments, than reductions
Existing positions increased: 1,179 | Existing positions reduced: 1,276
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
13 analyst ratings
Argus Research Stephen Biggar 67% 1-year accuracy 14 / 21 met price target | 21%upside $47 | Buy Maintained | 16 Apr 2025 |
RBC Capital Gerard Cassidy 16% 1-year accuracy 6 / 37 met price target | 16%upside $45 | Outperform Maintained | 16 Apr 2025 |
Keefe, Bruyette & Woods David Konrad 35% 1-year accuracy 11 / 31 met price target | 34%upside $52 | Outperform Maintained | 16 Apr 2025 |
UBS Erika Najarian 25% 1-year accuracy 3 / 12 met price target | 29%upside $50 | Buy Maintained | 16 Apr 2025 |
Piper Sandler Scott Siefers 44% 1-year accuracy 11 / 25 met price target | 8%upside $42 | Neutral Maintained | 16 Apr 2025 |
Financial journalist opinion
Based on 122 articles about BAC published over the past 30 days
