Bank of America Corporation: Shareholders Board Members Managers and Company Profile | US0605051046 | MarketScreener (2024)

FAQs

What is the shareholding structure of Bank of America? ›

The ownership structure of Bank of America (BAC) stock is a mix of institutional, retail and individual investors. Approximately 59.97% of the company's stock is owned by Institutional Investors, 27.63% is owned by Insiders and 12.40% is owned by Public Companies and Individual Investors.

Regarded as one of the world's leading financial institutions, Bank of America serves individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.

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 Morgan Stanley .

The company's largest shareholder is Berkshire Hathaway Inc., with ownership of 13%. With 8.2% and 6.2% of the shares outstanding respectively, The Vanguard Group, Inc. and BlackRock, Inc. are the second and third largest shareholders.

A Hybrid U-form Structure

While Bank of America's corporate structure is hierarchical, it actually takes the form of a sort-of U-form structure that combines the characteristics of a unitary (U-form) structure with other structural types, namely H- and M-form.

Shareholder structure is the percentage ownership and the percentage of voting rights held by different Shareholders. Shareholder structure is the study of how power is distributed among the various existing Shareholders, potential Shareholders and managers.

Bank of America is one of the largest consumer banks in the United States, with over $3 trillion in assets. The largest shareholder is Berkshire Hathaway, along with fund managers like BlackRock and Vanguard.

Bank of America is owned by Bank of America Corporation, a U.S.-based financial services holding company headquartered in Charlotte, North Carolina.

The principal executive offices of Bank of America Corporation are located in the Bank of America Corporate Center, 100 North Tryon Street, Charlotte, NC 28255.

Bank of America may have promoted its new class of 334 managing directors earlier than usual - last year we reported on its promotions in late January, after bonuses had been announced (although insiders say the promotions were made in December).

What is the richest Bank company? ›

1. JPMorgan Chase. JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets.

Three of the largest exchange traded fund providers – BlackRock, State Street, and Vanguard – are also among the largest shareholders in the world. All three asset managers have trillions of dollars in assets under management, most of them passive fund assets.

Institutional investors

A -0.1%)(BRK. B -0.09%): Warren Buffett's Berkshire Hathaway is the largest Bank of America shareholder, with 1.03 billion shares amounting to a 13% stake. As of March 2024, it was the second-largest of Warren Buffett's stock holdings after Apple (AAPL -0.82%), worth almost $37 billion.

Dana Bockstahler

Dana began in the Bank's Finance Department in 1987 and assumed the position of Chief Financial Officer in 1991. She was promoted to Chief Operating Officer in 2003 and became Chief Executive Officer in January 2019.

Bank Of America share holder equity for 2023 was $291.646B, a 6.75% increase from 2022. Bank Of America share holder equity for 2022 was $273.197B, a 1.16% increase from 2021. Bank Of America share holder equity for 2021 was $270.066B, a 1.05% decline from 2020.

It is the 13th largest company in the world with a market capitalisation of 313.5 billion. BofA was the first bank to offer nationally licensed credit cards called BankAmericard in 1955 and was also the first in San Francisco to offer independent financial management opportunities to women.