Bank of America Corp (BAC)

In the past six months, Bank of America's stock price has fluctuated, closing at $47.48 on July 21, 2025, a 12.25% increase from the previous year. The stock's 52-week high was $49.305 and its low was $33.065. Recent events include the release of Q2 2025 financial results, declaration of preferred stock dividends, redemption of senior notes, and management changes. The company reported its Second Quarter 2025 Financial Results on July 16, 2025, with sales up 4.4% year-on-year to $26.5 billion. The company declared preferred stock dividends payable in August and September 2025 on July 18, 2025. Bank of America announced the redemption of $2 billion in 4.827% Fixed/Floating Rate Senior Notes due July 2026 on July 14, 2025. Management changes were announced on July 25, 2024.

Demand for Bank of America's products and services is influenced by economic cycles and consumer behavior, with spring often seeing increased consumer spending and business activity. Recent data from July 2024 showed a slight year-over-year decrease in credit and debit card spending per household in June, but overall card spending rose in the second quarter of 2024. Services spending has shown continued growth in the first half of 2024, partially offset by weaker retail spending.

Bank of America Corporation is a multinational investment bank and financial services holding company operating in the financial services sector. It offers banking, investing, asset management, and risk management products and services to various clients. The company operates through four segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets, providing services such as savings accounts, loans, investment funds, and stockbroker services.

Bank of America has a significant geographic footprint across the United States and selected international markets, serving clients in over 35 countries. It operates in all 50 U.S. states and Washington, D.C., with a strong market share in bank deposits in key states. The company serves approximately 69 million consumer and small business clients through a network of retail financial centers, ATMs, and digital banking platforms. Globally, Bank of America has a presence in North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific.

Bank of America focuses on "Responsible Growth," providing tailored products, financial education, and affordable banking options. J.D. Power has certified Bank of America for "Outstanding Customer Satisfaction with Financial Health Support – Banking & Payments" for four years. The company supports community efforts, small businesses, and affordable housing, providing $36 billion in new loans to small businesses and over $4.5 billion to support affordable housing initiatives in 2024. Bank of America is committed to achieving net-zero greenhouse gas emissions in its operations by 2050 and has mobilized $560 billion towards sustainable activities. Historically, Bank of America has faced lawsuits and investigations related to mortgages and financial disclosures dating back to the 2008 financial crisis.

Bank of America's ownership is distributed among institutional, retail, and individual investors, with approximately 74.13% held by institutional investors. Major institutional shareholders include Berkshire Hathaway Inc., Vanguard Group Inc., and BlackRock, Inc. Brian T. Moynihan, the CEO and Chairman, is the largest inside shareholder with 2.7 million shares.