Bank of America uses the four primary business sectors to conduct its daily operations: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. Net income for the trailing 12 months at Bank of America is $27.4 billion, while the company's revenue for the same period is $91.2 billion. An in-depth look at Bank of America's top 6 shareholders is provided in the next section.

The term "insider" refers to individuals who hold top management positions and members of the board of directors of a business, in addition to individuals or organisations that control more than 10% of the firm's shares. With roughly $7.8 trillion in assets under management (AUM), the company's primary business is the management of mutual funds and ETFs. Insider trading is not relevant at all, given the circumstances of this situation.

Top 3 Individual Insider Shareholders

Thomas K. Montag

Thomas Montag is the owner of a total of 2,310,714 shares in Bank of America, which equates to 0.03% of the total shares that are now outstanding in the firm. Since 2014, Mr Montag has served as the Chief Operating Officer (COO) of Bank of America, which is an executive post. Montag served as a co-chief operating officer from September 2011 until September 2014, when he became the sole COO of the company. Before Bank of America acquired Merrill Lynch in 2009, he started working there.

Brian T. Moynihan

Brian Moynihan is the owner of 1,718,119 shares in Bank of America, equating to 0.02% of the total shares that are now outstanding in the corporation. Mr Moynihan serves as the head of the board of directors and the company's chief executive officer (CEO). Before his promotion to the position of Chief Executive Officer in 2010.

In 1993, he began working as the company's deputy general counsel for Fleet Boston Financial. Subsequently. Following a merger that took place in 2004 between Bank of America and Fleet Boston, Moynihan was given the job of president of wealth and investment management at the bank. He subsequently went on to be elevated to several senior roles before being given the CEO post.

Geoffrey S. Greener

Geoffrey Greener is the owner of a total of 868,253 Bank of America shares, which amounts to 0.01% of the entire number of shares that are now outstanding in the firm. Since April 2014, Mr Greener has held the position of chief risk officer (CRO) at Bank of America. Greener formerly held the positions of head of Enterprise Capital Management and head of Global Markets Portfolio Management before being promoted to his current one. In the past, he has also led several committees, including one that dealt with the regulation of markets.

Top 3 Institutional Shareholders

Institutional investors are estimated to possess around 68% of the total shares.

Berkshire Hathaway Inc.

Berkshire Hathaway is a diverse business. The business also has a sizeable investment portfolio, which consists of shares in some of the most well-known companies in the United States. Berkshire's holdings in Bank of America are estimated to be $24.3 billion. As of the end of the fourth quarter of 2020, the business reported managing around $229 billion worth of 13F securities. When Warren Buffett took over as the majority stakeholder of Berkshire Hathaway in the middle of the 1960s, he immediately initiated a strategy that gradually shifted capital flows away from the company's primary business and into other ventures. Berkshire Hathaway was one of the biggest publicly listed corporations in the world as of May 2022, when its market capitalization was close to 700 billion dollars, making it one of the largest firms in the world overall.

Berkshire Hathaway has a strong track record of profitable business operations and astute investment choices. In terms of market capitalization, the business ranks as the sixth biggest publicly traded firm in the whole globe.

Vanguard Group Inc.

According to the 13F filing made by the firm, Vanguard Group has 613.5 million shares of Bank of America, representing 7.1% of the total shares currently in circulation. The company's primary focus is on managing exchange-traded and mutual funds, which oversees over $6.2 trillion in assets under management (AUM) worldwide. With about $178 billion in assets under management (AUM), the Vanguard S&P 500 ETF (VOO) is one of the company's biggest exchange-traded funds (ETFs). The holdings of VOO include around 0.7% of Bank of America shares.

BlackRock Inc.

According to the 13F filing made by the firm, BlackRock has 509.9 million shares of Bank of America, representing 5.9% of the total shares currently in circulation. With roughly $7.8 trillion in assets under management (AUM), the company's primary business is the management of mutual funds and ETFs. One of BlackRock's biggest exchange-traded funds (ETFs) is the iShares Core S&P 500 ETF (IVV), which has around $239 billion in AUM. The holdings of IVV include around 0.7% of Bank of America shares.