What's new? Log in Free sign up

Bank of America (BAC)

Company Profile

Company profile

Ticker

BAC, BAC-PN, BAC-PP, BAC-PK, BAC-PM, BAC-PL, BAC-PO, BML-PL, BAC-PE, BAC-PQ, BML-PH, BAC-PB, BAC-PS, BML-PJ, BML-PG

Exchange

Website

www.bankofamerica.com

CEO

Mr. Brian Thomas Moynihan

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Citigroup • Wells Fargo & Company • U.S. Bancorp • The PNC Financial Services Group, Inc. • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial • KeyCorp ...

Former names

BANKAMERICA CORP/DE/, NATIONSBANK CORP

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

BA Continuum India Private Limited • BA Electronic Data Processing (Guangzhou) Ltd. • BAC Canada Finance Company • BAC North America Holding Company • BAL Investment & Advisory, LLC • Banc of America FSC Holdings, Inc. • Banc of America Leasing & Capital, LLC • Banc of America Securities Asia Limited • Bank of America Europe • Bank of America Merrill Lynch Banco Múltiplo S.A. ...

IRS number

560906609

BAC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$53.25

Low target

$45.00

High target

$57.00

Keefe, Bruyette & Woods

Evercore ISI Group

Latest filings (excl ownership)

View all

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Transcripts

View all

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

View all

PIMCO MUNICIPAL INCOME FUND II

GABELLI UTILITY TRUST

OF AMERICA NA BANK

NEW AMERICA HIGH INCOME FUND INC

OF AMERICA NA BANK

Invesco Trust for Investment Grade Municipals

Invesco Quality Municipal Income Trust

BRIAN T MOYNIHAN

Federated Hermes Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fund

Financial summary

Financial statements Chart BAC financial data

Quarter (USD)	Dec 23	Sep 23	Jun 23	Mar 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	333.07 bn	333.07 bn	333.07 bn	333.07 bn	333.07 bn	333.07 bn
Cash burn (monthly)	6.22 bn	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	73.08 bn	n/a	n/a	n/a	n/a	n/a
Cash remaining	259.99 bn	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	41.8	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

BAC institutional ownership history Ownership history

69.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2903	2908	-0.2%
Opened positions	189	196	-3.6%
Closed positions	194	177	+9.6%
Increased positions	1105	1134	-2.6%
Reduced positions	1259	1226	+2.7%

13F shares	Current	Prev Q	Change
Total value	203.34 tn	212.75 tn	-4.4%
Total shares	5.42 bn	5.64 bn	-4.0%
Total puts	99.77 mm	94.88 mm	+5.2%
Total calls	84.72 mm	80.67 mm	+5.0%
Total put/call ratio	1.2	1.2	+0.1%

Largest owners	Shares	Value	Change
BRK-B Berkshire Hathaway	797.68 mm	$31.65 tn	-22.8%
Vanguard	660.02 mm	$26.19 tn	+2.9%
BLK BlackRock	503.84 mm	$19.99 tn	NEW
STT State Street	288.72 mm	$11.46 tn	+0.3%
FMR	190.59 mm	$7.56 tn	-4.8%
JPM JPMorgan Chase & Co.	149.40 mm	$5.93 tn	+1.1%
Geode Capital Management	140.26 mm	$5.55 tn	+1.2%
MS Morgan Stanley	119.05 mm	$4.72 tn	+9.1%
T. Rowe Price	110.75 mm	$4.39 bn	+25.8%
BEN Franklin Resources	83.74 mm	$3.51 tn	+17.7%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	503.84 mm	+503.84 mm	NEW
BLK BlackRock	0.00	-473.12 mm	EXIT
BRK-B Berkshire Hathaway	797.68 mm	-235.17 mm	-22.8%
Norges Bank	0.00	-122.92 mm	EXIT
T. Rowe Price	110.75 mm	+22.73 mm	+25.8%
Viking Global Investors	19.96 mm	+19.96 mm	NEW
Vanguard	660.02 mm	+18.38 mm	+2.9%
Citadel Advisors	4.28 mm	-18.10 mm	-80.9%
BEN Franklin Resources	83.74 mm	+12.56 mm	+17.7%
Qube Research & Technologies	12.56 mm	+12.55 mm	+81385.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BAC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Dec 24	Brian T Moynihan	Common Stock	Sale back to company	Dispose D	No	No	45.67	20,683	944.59 k	2,452,927
15 Dec 24	Brian T Moynihan	Common Stock	Option exercise	Acquire M	No	No	0	20,683	0.00	2,473,610
15 Dec 24	Brian T Moynihan	RSU Common Stock	Option exercise	Dispose M	No	No	0	20,683	0.00	41,366
3 Dec 24	Bank of America		Sell	Dispose S	Yes	No	12.341	75	925.58	0
3 Dec 24	Bank of America		Buy	Acquire P	Yes	No	12.325	75	924.38	75
3 Dec 24	Bank of America		Sell	Dispose S	Yes	No	11.5405	75	865.54	0
3 Dec 24	Bank of America		Buy	Acquire P	Yes	No	11.545	75	865.88	75
3 Dec 24	Bank of America		Sell	Dispose S	Yes	No	13.032	75	977.40	0
3 Dec 24	Bank of America		Buy	Acquire P	Yes	No	13.015	75	976.13	75
2 Dec 24	Bank of America	Series 2015/6 Variable Rate Muni Term Preferred Shares	Other	Dispose J	Yes	No	0	450	0.00	788

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Unpacking the Latest Options Trading Trends in Bank of America

(BAC) - Analyzing Bank of America's Short Interest

Fund Managers Increase Allocation To Banking And Insurance Stocks In December: Here Are The Best Performing Financial Stocks In 2024

Global fund managers increased allocation to financial stocks, including both banks and insurance companies, to an all-time high in Dec 2024.

BofA, Goldman Sachs To Contribute To Trump's Inaugural Committees: Report

9 Financials Stocks With Whale Alerts In Today's Session

Press releases

From Benzinga Pro

Bank of America Declares Preferred Stock Dividends for First Quarter 2025

CHARLOTTE, N.C., Dec. 16, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following

Event-Record 160,000 People Apply for the 2025 Bank of America Chicago Marathon

Organizers of the Bank of America Chicago Distance Series Unveil New Event Logos CHICAGO, Dec. 12, 2024 /PRNewswire/ -- The Bank of America Chicago Marathon will notify runners today of their selection status for the

Commodity Traders Close Out Worst Year Since Before The Pandemic

%Commodities traders on Wall Street are closing out their worst year since before the Covid-19 pandemic struck in 2020 as volatility subsides and prices rise in several categories. More than 250 Wall Street firms and

Commodity Traders Close Out Worst Year Since Before The Pandemic

BofA's CashPro® App Will Surpass a Record $1 Trillion in Payment Approvals for the Year

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.