Disclaimer: The TipRanks Smart Score performance is based on backtested results. Backtested performance is not an indicator of future actual results. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. Certain assumptions have been made for modeling purposes and are unlikely to be realized. No representations and warranties are made as to the reasonableness of the assumptions. This information is provided for illustrative purposes only. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Actual performance may differ significantly from backtested performance. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Please note all regulatory considerations regarding the presentation of fees must be taken into account. No cash balance or cash flow is included in the calculation.
FAQs
Who owns Bank of America? BAC Stock Ownership - TipRanks.com? ›
The ownership structure of Bank of America (BAC) stock is a mix of institutional, retail and individual investors. Approximately 36.11% of the company's stock is owned by Institutional Investors, 27.44% is owned by Insiders and 36.44% is owned by Public Companies and Individual Investors.
Who owns Bank of America shares? ›The largest shareholder is Warren Buffett's Berkshire Hathaway, which holds 13% of all marketable shares. The next largest investors are institutional asset managers, like BlackRock and Vanguard. Among individual insiders, the biggest investors are company insiders, like executives and board members.
Who are the primary shareholders of Bank of America? ›Largest shareholders include Berkshire Hathaway Inc, Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Fmr Llc, VFINX - Vanguard 500 Index Fund Investor Shares, Jpmorgan Chase & Co, Geode Capital Management, Llc, and Norges Bank .
Who is the real owner of Bank of America? ›Like any publicly traded company, Bank of America is owned by its shareholders. The Charlotte, North Carolina-based financial institution is the second-largest bank in the U.S., with roughly $2.45 trillion in assets at the end of 2023, second only to JPMorgan Chase (JPM -0.11%).
Should I sell BAC stock? ›Bank of America's analyst rating consensus is a Moderate Buy. This is based on the ratings of 23 Wall Streets Analysts.
Does China own stock in Bank of America? ›No, Bank of America is not partly owned by China. It is an American bank.
What banks are owned by the Catholic Church? ›The Institute for the Works of Religion (Italian: Istituto per le Opere di Religione; Latin: Institutum pro Operibus Religionis; abbreviated IOR), commonly known as the Vatican Bank, is a financial institution that is situated inside Vatican City and run by a Board of Superintendence, which reports to a Commission of ...
Does Merrill Lynch own Bank of America? ›What Is Merrill Lynch & Co.? Merrill Lynch & Co. is the former name of a prominent Wall Street investment firm. Since its acquisition by Bank of America (BAC) in 2009, it has become known simply as “Merrill” and operates as a wealth management division of Bank of America.
Is Charles Schwab owned by Bank of America? ›In a little more than a decade, his company defies conventional wisdom by opening nearly 100 branches, offering 24-hour quotes, and even exploring online services. The company becomes "America's Largest Discount Broker," and later a subsidiary of Bank of America.
What Bank is associated with Bank of America? ›Bank of America Corporation affiliates include all entities that utilize the Bank of America, Banc of America, Bank of America Private Bank, U.S. Trust, Merrill and BofA Securities brand names.
Is Bank of America owned by USA? ›
For a period of time in 2009 the US Government took over ownership of U.S. Bancorp (the publicly traded company that owns Bank of America) but Bank of America is not a US Government entity - it's a private bank headquartered out of Charlotte, North Carolina.
Is BAC a good long-term stock? ›10 analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.03 to $3.43. BAC also boasts an average earnings surprise of 11.7%. Earnings for BAC are forecasted to see growth of 7.5% for the current fiscal year as well.
What is the future of BAC stock? ›Based on short-term price targets offered by 22 analysts, the average price target for Bank of America comes to $38.54. The forecasts range from a low of $31.00 to a high of $45.00. The average price target represents an increase of 1.66% from the last closing price of $37.91.
What investment company is with Bank of America? ›Merrill Lynch makes available products and services offered by MLPF&S and other subsidiaries of Bank of America Corporation (“BofA Corp”). MLPF&S is a registered broker-dealer, registered investment adviser and Member SIPC.
