What smart money is saying about Bank of America Corporation
3 funds in our archive have pitched Bank of America Corporation, most recently Baron Financials ETF in March 2026.
Operating globally through its various subsidiaries, Bank of America Corporation offers a comprehensive range of banking and financial products and services. Its extensive clientele includes individual consumers, small and mid-market businesses, institutional investors, large corporations, and government bodies worldwide. The Consumer Banking division provides diverse options such as traditional and money market savings accounts, certificates of deposit, individual retirement accounts (IRAs), and both interest-bearing and non-interest-bearing checking accounts, in addition to investment products. This segment also issues credit and debit cards, originates residential mortgages and home equity loans, and offers direct and indirect financing for needs like automotive purchases, recreational vehicles, and personal loans. Within its Global Wealth & Investment Management segment, the company delivers investment management, brokerage, banking, and trust and retirement solutions. It also crafts tailored wealth management strategies, including specialized asset management services. The Global Banking segment furnishes a broad spectrum of lending products, including commercial loans, leases, commitment facilities, trade finance, and both commercial real estate and asset-based lending. Furthermore, it provides treasury solutions such as cash management, foreign exchange, short-term investment options, and merchant services, alongside working capital management guidance. This segment also engages in debt and equity underwriting, distribution, and advisory services related to mergers and acquisitions. Through its Global Markets segment, Bank of America performs market-making activities, offers financing, and provides securities clearing, settlement, and custody services. It also devises risk management products employing interest rate, equity, credit, currency, and commodity derivatives, as well as foreign exchange, fixed-income, and mortgage-related instruments. As of December 31, 2021, the corporation served approximately 67 million consumer and small business clients. Its widespread infrastructure comprised around 4,200 retail financial centers and approximately 16,000 ATMs, supplemented by digital banking platforms utilized by roughly 41 million active users. Founded in 1784, Bank of America is headquartered in Charlotte, North Carolina.
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Fund signal · last 12 months
10 lettersToo few moves on Bank of America Corporation yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q3 2026, 10 fund letters reported a position in Bank of America Corporation, with 3 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 1 | 0 |
| Q2 2026 | 4 | 0 | 0 | 0 |
| Q1 2026 | 3 | 0 | 2 | 1 |
| Q4 2025 | 1 | 0 | 0 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 10 positions · 3 moves
- September 2026
“We exited American International Group (AIG) and trimmed Bank of America (BAC) and Berkshire Hathaway (BRK.B).”
Bank of America Corporation - HoldsBretton FundSeptember 2026
Listed in Bretton Fund’s reported holdings.
Bank of America Corporation - June 2026
“The fund increased 1.4% for the month, led by strong gains in global banking, which were partially offset by transient headwinds in the precious metals sector. European banks led performance, with Barclays, Lloyds, and CaixaBank rallying 7-11%. The primary drivers were the continuation of a supportive interest rate environment and the emergence of sustained lending growth across Europe. Despite delivering superior profitability, maintaining pristine balance sheets and continuing to return excess capital to shareholders, European banks still trade on valuations of less than 10x earnings while generating double-digit earnings growth. Bank of America and Wells Fargo rallied 10% and 7% respectively, with the US banking sector benefitting from two structural catalysts.”
Bank of America Corporation - June 2026
Listed in Artisan Partners Value Equity Strategy’s reported holdings.
Bank of America Corporation - HoldsBaron Financials ETFJune 2026
Listed in Baron Financials ETF’s reported holdings.
Bank of America Corporation - June 2026
“Top Contributors Applied Materials, which supplies semiconductor manufacturing equipment, benefited from sustained demand tied to AI infrastructure build-out and accelerating demand for compute (computing power). Alphabet’s strong performance reflected continued strength in its core businesses and an increasingly optimistic investor view of the company’s potential for long-term AI leadership. DoorDash, the food delivery platform, is a new position initiated during the quarter. We bought the stock at a recent low, then it rebounded as geopolitical worries eased and gasoline prices fell, supporting driver economics, consumer willingness to spend on delivery and sentiment toward the business. Eli Lilly benefited from investor optimism surrounding its newly launched oral GLP-1 drug for weight loss, Foundayo. We believe the drug’s ease of use versus competitors’ products means Lilly has the potential to capture significant market share, including internationally. Bank of America shares rose as expectations for higher interest rates improved the outlook for large banks’ net interest income.”
Bank of America Corporation - TrimmedFlexible Equity FundMarch 2026
“ We trimmed American International Group (AIG), Bank of America Corp (BAC) and First Citizens BancShares, Inc. (FCNCA.”
Bank of America Corporation - March 2026
“During the quarter, we exited our positions in Atlassian Corp, Bank of America Corp, HDFC Bank Limited, ICICI Bank Limited, and Prosus N.V. We exited Atlassian despite resilient fundamentals because AI-driven uncertainty continues to overwhelm the stock’s valuation support. Current fundamental strength has been driven by cloud migrations and a growing enterprise sales motion, which has allowed Atlassian to broaden its subscription base from DevOps throughout the enterprise. That setup was undermined as Claude Code and related tooling sharpened investor focus on DevOps disruption risk. We still see Atlassian as a system of record, but the path to multiple stabilization has become increasingly unclear. With the perception of AI- driven displacement dominating the stock, we chose to liquidate despite no clear evidence of near-term fundamental deterioration. After a profitable run in Bank of America, we sold the position as concerns regarding private credit exposure had the potential to impact valuation.”
Bank of America Corporation - HoldsAriel Focused ValueMarch 2026
“Leading financial institution, Bank of America Corporation (BAC) detracted from performance during the quarter, as shifting expectations for the Federal Reserve’s interest rate path and the conflict in the Middle East weighed on rate- sensitive financial stocks.”
Bank of America Corporation - December 2025
“Top Annual Contributors Applied Materials benefited from sustained AI-driven semiconductor demand, with improving customer outlooks supporting the stock. Alphabet transitioned over the year from being perceived as an AI risk to an AI winner, as growth in YouTube and in its search and cloud businesses accelerated and the performance of its large language models gained credibility with investors. Bank of America benefited from accelerating earnings growth and stronger-than-anticipated financial results, along with a positive sentiment shift relating to bank regulation.”
Bank of America Corporation
Also mentioned · 8
These funds discuss Bank of America Corporation as a competitor, benchmark or comparable, without disclosing a position in it.
- June 2026
“Earlier this year Bank of America notes that the “AI Big Ten” – the Magnificent Seven plus Broadcom, AMD, and Micron – represented roughly 40% of the total U.S. market capitalization.”
Bank of America Corporation - MentionedGreenhaven Road Capital FundJune 2026
“Last month, Bank of America initiated coverage of Burford with a report of more than 15,000 words, followed by another note.”
Bank of America Corporation - June 2026
“ICE® is a registered trademark of ICE Data Indices, LLC or its affiliates and BofA® is a registered trademark of Bank of America Corporation licensed by Bank of America Corporation and its affiliates ("BofA"), and may not be used without BofA's prior written approval.”
Bank of America Corporation - MentionedPeterson Investment Fund IJune 2026
“Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. He is cofounder of Talas Turkey Value Fund and Titan Strategic Income Fund. Matthew has launched an AI investment research platform available to partners. Matthew has been working as a financial professional for over two decades. His experience includes working with global financial services firms, including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial.”
Bank of America Corporation - MentionedNexPoint Event Driven FundDecember 2025
Named in a table in NexPoint Event Driven Fund’s letter.
Bank of America Corporation - MentionedPolen US Small Cap GrowthDecember 2025
“According to Bank of America estimates, these three drivers – plus recent phenomena such as onshoring manufacturing – are likely to drive electricity demand growth to a nearly 2.5% annual run rate, which is 5x higher than the 0.5% annual growth rate of the last decade.”
Bank of America Corporation - MentionedThe GoodHaven FundDecember 2025
“Progressive Corporation two years ago was trading at an implied 9x 2025E earnings, and Bank of America was trading at 8x 2025E earnings.”
Bank of America Corporation - December 2024
“Over the past 15 years, half of the competitors have left the industry. Bank of Ireland left the US retail portion of the business in 2007 (sold to Pinna, CXI’s current CEO) and left it completely when they sold the US based wholesale division in 2011 to Wells Fargo. HSBC left the industry in 2014 after it was fined for rigging the foreign currency markets with other banks by US and UK regulators along with other issues it was dealing with (compliance, large legal costs and other penalties for alleged French tax fraud). Travelex left in 2020 as they were dealing with a cyberattack just prior to COVID, followed by COVID which took them out. What’s left is currently 3 main players in the US banknote industry: CXI, Wells Fargo and Bank of America.”
Bank of America Corporation
Fund coverage · 3 theses
- Baron Financials ETFMarch 2026
Bank of America is a scale U.S. bank with durable low-cost deposits, leading digital capabilities, and multiple EPS growth and margin expansion drivers at an attractive valuation.
Read the full thesis - Ariel GlobalMarch 2025
Bank of America Corporation is poised for attractive earnings growth due to underestimated revenue momentum, expected net interest income increases, favorable regulatory conditions, and strong free cash flow generation.
Read the full thesis - Hardman Johnston Global EquityDecember 2024
Bank of America Corp. is a highly diversified bank poised for growth and efficiency improvements, benefiting from a favorable regulatory environment and significant opportunities in mass retail and wealth management.
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