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 63.25% of the company's stock is owned by Institutional Investors, 25.60% is owned by Insiders and 11.15% is owned by Public Companies and Individual Investors.
Who owns Bank of America stock? ›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 owns the most shares of BAC? ›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 holds the most Bank of America stock? ›Berkshire, still BofA's largest shareholder, has to keep reporting sales regularly until its holding falls below 10%. It is currently at 11.1%. The 94-year-old billionaire, one of the world's most revered investors, started investing in BofA in 2011 when Berkshire bought $5 billion of preferred stock.
Who owns the most US Bank stock? ›Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, MUFG Bank, Ltd., Jpmorgan Chase & Co, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Fmr Llc, Charles Schwab Investment Management Inc, VFINX - Vanguard 500 Index Fund Investor Shares, and SCHD - Schwab U.S. Dividend ...
How much of Bank of America does China own? ›No, Bank of America isn't owned by China. BofA is an American multinational investment bank that has a partnership with China Construction Bank. In 2011 they decided to sell about half of their stake (about 13.1 billion) in the Chinese company.
Who is the majority owner of Bank of America? ›What percentage of Bank of America (BAC) stock is held by retail investors? According to the latest TipRanks data, approximately 11.32% of Bank of America (BAC) stock is held by retail investors. Berkshire Hathaway Inc. owns the most shares of Bank of America (BAC).
Which family owns Bank of America? ›Bank of America is a publicly held company owned by shareholders. Institutional investors own about 59% of its shares. The largest shareholder is Warren Buffett's Berkshire Hathaway, which owns about 13% of the shares.
Who is the owner of BAC Bank? ›The Berberian family, who owns the Bank, is committed to providing the best in financial and banking services. Ronald A. Berberian, President and Chairman of the Board, is dedicated to providing a unique community banking experience that is reflected throughout the daily operations of the Bank.
Who bought out Bank of America? ›NationsBank of Charlotte acquired BankAmerica in 1998 in what was the largest bank acquisition in history at that time. While NationsBank was the nominal survivor, the merged bank took the better-known name of Bank of America. Hence, the holding company was renamed Bank of America Corporation, while NationsBank, N.A.
Who makes the most money at Bank of America? ›
The highest-paying job at Bank of America is a Founder & Chief Executive Officer with a salary of $420,541 per year (estimate).
Is Bank of America a good stock to hold? ›Bank of America has a consensus rating of Moderate Buy which is based on 12 buy ratings, 6 hold ratings and 0 sell ratings.
Which Bank is most rich in USA? ›1. JPMorgan Chase – $3.5 trillion. Columbus, Ohio-based JPMorgan Chase is the largest US bank with total assets of $3.503 trillion. Some $2.684 trillion are domestic assets, accounting for 77% of its total assets.
What percentage of Bank of America is owned by Berkshire Hathaway? ›Berkshire continues to be BofA's biggest shareholder with a stake of about 11.1%, according to LSEG data. Per regulatory requirements, Berkshire Hathaway has to keep reporting sales regularly until its holding falls below 10%.
What is the largest minority owned Bank in the US? ›What is the largest Black-owned bank in the U.S.? OneUnited is the largest Black-owned bank in the U.S. It is also FDIC insured and initially launched in 1968.
Which Bank is best in the USA? ›- Capital One: Best online checking account.
- Chase: Best for a large branch network.
- Axos: Best for a variety of online account options.
- Discover®: Best for doing all of your banking in one place.
- Synchrony Bank: Best high-yield savings account from a national brand.
The ownership structure of State Street (STT) stock is a mix of institutional, retail and individual investors. Approximately 60.12% of the company's stock is owned by Institutional Investors, 2.66% is owned by Insiders and 37.21% is owned by Public Companies and Individual Investors.
Who owns Merrill Lynch now? ›Merrill Lynch & Co. agreed to be acquired by Bank of America on September 14, 2008, at the height of the financial crisis of 2007–2008, the same weekend that Lehman Brothers was allowed to fail. The acquisition was completed in January 2009 and Merrill Lynch & Co., Inc.
Does Citibank own Bank of America? ›Bank of America is a publicly traded company, so it is owned by its shareholders. The ownership of Bank of America is distributed among institutional investors, individual investors, and other entities that hold its stock.