The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded in San Francisco, California.
Company profile
Ticker
BAC, BAC+K
Exchange
Website
CEO
Brian Moynihan
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
BANKAMERICA CORP/DE/, NATIONSBANK CORP
SEC CIK
Corporate docs
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
Latest filings (excl ownership)
424B2
Prospectus for primary offering
31 May 24
424B2
Prospectus for primary offering
31 May 24
424B2
Prospectus for primary offering
31 May 24
424B2
Prospectus for primary offering
31 May 24
FWP
Free writing prospectus
31 May 24
424B2
Prospectus for primary offering
31 May 24
424B2
Prospectus for primary offering
31 May 24
424B2
Prospectus for primary offering
31 May 24
424B2
Prospectus for primary offering
31 May 24
424B2
Prospectus for primary offering
31 May 24
Transcripts
BAC
Earnings call transcript
2024 Q1
16 Apr 24
BAC
Earnings call transcript
2023 Q4
12 Jan 24
BAC
Earnings call transcript
2023 Q3
17 Oct 23
BAC
Earnings call transcript
2023 Q2
18 Jul 23
BAC
Earnings call transcript
2023 Q1
18 Apr 23
BAC
Earnings call transcript
2022 Q4
13 Jan 23
BAC
Earnings call transcript
2022 Q3
17 Oct 22
BAC
Earnings call transcript
2022 Q2
18 Jul 22
BAC
Earnings call transcript
2022 Q1
18 Apr 22
BAC
Earnings call transcript
2021 Q4
19 Jan 22
Latest ownership filings
4
Eric A. Schimpf
17 May 24
4
Lindsay D. Hans
17 May 24
4
Rudolf A. Bless
17 May 24
4
BRIAN T MOYNIHAN
17 May 24
13F-HR
Quarterly holdings report by institutional manager
15 May 24
SC 13D/A
Nuveen Quality Municipal Income Fund
3 May 24
4
Bruce R. Thompson
3 May 24
4
Sheri B. Bronstein
3 May 24
4
Invesco Municipal Income Opportunities Trust
2 May 24
SC 13D/A
Invesco Municipal Income Opportunities Trust
2 May 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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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) | 313.40 bn | 313.40 bn | 313.40 bn | 313.40 bn | 313.40 bn | 313.40 bn |
Cash burn (monthly) | 6.56 bn | 5.23 bn | (no burn) | (no burn) | 5.18 bn | (no burn) |
Cash used (since last report) | 13.52 bn | 10.80 bn | n/a | n/a | 10.68 bn | n/a |
Cash remaining | 299.88 bn | 302.61 bn | n/a | n/a | 302.72 bn | n/a |
Runway (months of cash) | 45.7 | 57.8 | n/a | n/a | 58.4 | n/a |
Institutional ownership, Q1 2024
69.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2772 |
Opened positions | 562 |
Closed positions | 203 |
Increased positions | 911 |
Reduced positions | 1033 |
13F shares | Current |
---|---|
Total value | 192.97 tn |
Total shares | 5.44 bn |
Total puts | 149.28 mm |
Total calls | 92.88 mm |
Total put/call ratio | 1.6 |
Largest owners | Shares | Value |
---|---|---|
BRK.A Berkshire Hathaway Inc. - Ordinary Shares | 1.03 bn | $39.17 tn |
Vanguard | 644.46 mm | $24.44 tn |
BLK Blackrock | 487.67 mm | $18.49 tn |
STT State Street | 292.50 mm | $11.09 tn |
FMR | 191.85 mm | $7.28 tn |
JPM JPMorgan Chase & Co. | 146.91 mm | $5.60 tn |
Geode Capital Management | 137.03 mm | $5.18 tn |
MS Morgan Stanley | 109.09 mm | $4.14 tn |
T. Rowe Price | 93.60 mm | $3.55 bn |
BEN Franklin Resources | 75.04 mm | $2.85 tn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 May 24 | Eric A. Schimpf | Common Stock | Payment of exercise | Dispose F | No | No | 38.91 | 517 | 20.12 k | 26,844 |
15 May 24 | Eric A. Schimpf | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,234 | 0.00 | 27,361 |
15 May 24 | Eric A. Schimpf | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,234 | 0.00 | 8,642 |
15 May 24 | Lindsay D. Hans | Common Stock | Payment of exercise | Dispose F | No | No | 38.91 | 463 | 18.02 k | 21,808 |
15 May 24 | Lindsay D. Hans | Common Stock | Option exercise | Acquire M | No | No | 0 | 975 | 0.00 | 22,271 |
15 May 24 | Lindsay D. Hans | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 975 | 0.00 | 6,822 |
15 May 24 | Rudolf A. Bless | Common Stock | Payment of exercise | Dispose F | Yes | No | 38.91 | 1,183 | 46.03 k | 266,729 |
15 May 24 | Rudolf A. Bless | Common Stock | Option exercise | Acquire M | Yes | No | 0 | 2,674 | 0.00 | 267,912 |
15 May 24 | Rudolf A. Bless | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,674 | 0.00 | 18,719 |
15 May 24 | Brian T Moynihan | Common Stock | Gift | Dispose G | No | No | 0 | 45,000 | 0.00 | 2,452,927 |
News
Market Whales and Their Recent Bets on BAC Options
31 May 24
10 Financials Stocks Whale Activity In Today's Session
30 May 24
Market Whales and Their Recent Bets on BAC Options
28 May 24
AI Boom Spurs Search For New Winners Beyond Nvidia: Bloomberg
24 May 24
Oracle, Moderna, Palantir Technologies And A Big Bank On CNBC's 'Final Trades'
22 May 24
Press releases
128th Boston Marathon® presented by Bank of America raises record-breaking $71.9 million for charitable causes
30 May 24
BofA Study: Percentage of American Workers Feeling Financially Well Rises to 47%
21 May 24
Bank of America Announces Full Redemption of its Series JJ Preferred Stock and Series U Preferred Stock and Related Depositary Shares
16 May 24
BofA Report: 70% of Prospective Homebuyers Feel Renting Could be Detrimental to their Financial Future
15 May 24
Bank of America Recommends Shareholders Reject "Mini-Tender" Offer by Tutanota LLC
10 May 24