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Companies / Financials / Bank of America
BAC

Bank of America

FinancialsCommercial BanksS&P 500
Ticker BACCHARLOTTE, NCFiscal year ends DecemberBook value per share $40.93Diluted shares 7.4B

Bank of America Corporation (NYSE: BAC) operates as one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments through a comprehensive suite of banking, investing, asset management, and financial… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$113.10BFY2025
+11.0% year over year
Last 12 mo $121.10B
33.33%FY2025
+4.6 percentage points
Last 12 mo 36.22%
$30.51BFY2025
+12.4% year over year
Last 12 mo $33.66B
10.06%FY2025
+0.9 percentage points
Last 12 mo 11.18%
Cash & financing
$12.61BFY2025
+243.2% year over year
Last 12 mo $94.74B
$12.61BFY2025
+243.2% year over year
Last 12 mo $94.74B
7.86FY2025
Was 7.76× a year earlier
Last 12 mo 1.33
7.7BFY2025
−3.2% year over year
Last 12 mo 7.4B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Bank of America does

In the company’s own words

Bank of America Corporation (NYSE: BAC) operates as one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments through a comprehensive suite of banking, investing, asset management, and financial services. The company maintains its website at www.bankofamerica.com.

The corporation operates through four primary business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets, with remaining operations recorded in All Other. Consumer Banking serves retail customers with deposit products, lending services, and payment solutions. Global Wealth & Investment Management provides wealth advisory, asset management, and investment services to high-net-worth individuals and institutional clients. Global Banking delivers lending, treasury management, and advisory services to large corporations and financial institutions. Global Markets offers trading, sales, and market-making services across equities, fixed income, currencies, and commodities.

As of December 31, 2025, Bank of America employed approximately 213,000 people globally, with 77 percent located in the United States. The company maintains operations across the United States and international markets, including significant presence in the United Kingdom, Ireland, France, Mexico, Hong Kong, Indonesia, the Philippines, and Malaysia.

The corporation is a Delaware-incorporated bank holding company and financial holding company subject to extensive regulation by the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. Bank of America's U.S. bank subsidiaries are organized as national banking associations. The company's broker-dealer subsidiaries operate under Securities and Exchange Commission oversight, while its futures commission merchant subsidiary is regulated by the Commodity Futures Trading Commission.

Bank of America competes in a highly competitive environment against banks, thrifts, credit unions, investment firms, insurance companies, and technology-enabled financial service providers. The company emphasizes human capital development, maintaining a diverse workforce and providing comprehensive employee benefits including healthcare, retirement planning, and professional development opportunities through its Bank of America Academy.

Company details
Sector
Financials
Industry (SIC)
Commercial Banks
Headquarters
CHARLOTTE, NC
Fiscal year end
December
CIK
70858
SIC
6021

Financial performance, year by year

Fiscal 2013–2025 · USD
$-12.11B$24.22B$60.55B$96.88B$133.21B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Bank of America — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.4K
funds hold it
7 of 35
superinvestors hold it
$109.16B
held by funds, at market
28.3%
of shares held by funds
140
bond issues held by funds

Superinvestors in Bank of America · what they did last quarter

Warren BuffettDECREASED -5.9%
Berkshire Hathaway
9.2%of 13F portfolio
Bill NygrenINCREASED +22.1%
Harris Associates (Oakmark)
1.8%of 13F portfolio
Bill SmeadDECREASED -5.5%
Smead Capital Management
3.2%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Bank of America’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.50%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.58%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.58%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.53%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Bank of America’s bonds, as funds hold them

Funds report holding 140 issues of Bank of America’s debt, $41.99B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.15%, maturing 2026 to 2052.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Bank of America and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Bank of America's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Bank of America's last four quarterly filings that the numbers alone won't show?”
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