Top Bank of America Shareholders

Bank of America Corp. (BAC) is a leading bank in the U.S. and one of the world’s largest financial institutions. It offers a range of financial products and services, including savings accounts, mortgage loans, cash and wealth management, investment funds, and insurance.

The company operates through four key business segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. As of March 2025, Bank of America’s 12-month trailing net income and revenue were $25.5 billion and $101.9 billion, respectively. The company’s market cap was approximately $323.6 billion.

Key Takeaways

• Bank of America is one of the largest consumer banks in the United States.
• The largest institutional shareholder is Warren Buffett’s Berkshire Hathaway.
• Individual shareholders include company insiders, like executives and board members.

Inside Shareholders

Brian T. Moynihan

In 2024, Brian Moynihan owned 2.7 million Bank of America shares. Mr. Moynihan is the chair of the board of directors. He has served as chief executive officer (CEO) since 2010.

Moynihan joined Fleet Boston Financial as the company’s deputy general counsel in 1993 before leading the firm’s brokerage and wealth management business operations. Following a 2004 merger of Fleet Boston with Bank of America, Moynihan assumed the position of president of wealth and investment management at the bank, then was promoted to a series of executive positions before rising to CEO.

Matthew Koder

In 2024, Matthew Koder owned approximately 548,000 Bank of America shares. He serves as president of Global Corporate & Investment Banking. Koder joined Bank of America in 2011 as head of Asia Pacific Global Corporate & Investment Banking. He previously held positions at UBS and Goldman Sachs.

Dean Athanasia

Dean Athanasia is president of Regional Banking for Bank of America and held approximately 443,000 Bank of America shares in 2024. He oversees Retail Banking, Preferred Banking, Business Banking, and Global Commercial Banking. Athanasia joined Bank of America in 1996 after previously holding positions at Global Wealth and Investment Management Banking and Merrill Edge.

71%

The percentage of Bank of America’s total shares held by institutional investors.

Institutional Shareholders

Berkshire Hathaway Inc.

Berkshire Hathaway held 1.03 billion shares of Bank of America in 2024. The company has subsidiaries in insurance, rail transportation, energy, and retailing. Berkshire Hathaway also owns a sizable investment portfolio that includes shares of major U.S. corporations. The value of Bank of America shares in Berkshire’s portfolio was $29 billion in 2024.

Vanguard Group Inc.

As of 2024, Vanguard Group owned 608.2 million shares of Bank of America. The company is primarily a mutual fund and ETF management company with about $7.6 trillion in global AUM.

BlackRock Inc.

BlackRock owned 494.5 million shares of Bank of America in 2024. The company is primarily a mutual fund and ETF management company with approximately $10 trillion in AUM.

As of March 2025, the iShares Core S&P 500 ETF (IVV) is one of BlackRock’s largest ETFs, with approximately $589 billion in net assets. Bank of America comprises about 0.58% of IVV’s holdings.

How Much Does Bank of America Manage?

In 2024, Bank of America held approximately $3.6 trillion in client balances.

How Much Money Does Bank of America Lend?

Bank of America provided over $10 billion in loans to individuals and small businesses in 2024.

How Does Bank of America’s Stock Perform Compared to the Overall Market?

In 2024, Bank of America’s stock outperformed the S&P 500, earning 30.5% over the market’s 23.3%.

The Bottom Line

Bank of America is one of the largest consumer banks in the United States. The largest institutional shareholder is Berkshire Hathaway. The company’s CEO is the largest inside shareholder.