How much does BlackRock own of Bank of America?
BlackRock owns over 491 million Bank of America shares, or 6.2% of its outstanding common stock. Its iShares Core S&P 500 ETF (IVV -0.87%) owns about 0.9% of Bank of America's shares.
| Security | BAC / Bank of America Corporation |
|---|---|
| Institution | BlackRock Inc. |
| Latest Disclosed Ownership | 494,523,426 shares |
| Ownership | 6.20% |
How many companies does BlackRock own? As of November 2023, BlackRock's portfolio consisted of 5,349 holdings. The top five holdings included Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Amazon (AMSN), and Alphabet (GOOGL).
- JP Morgan Chase and Co.
- Bank of America Corp.
- Wells Fargo & Co.
- Citigroup Inc.
- US Barn Corp.
- Truist Financial Corporation.
- PNC Financial Corporation.
Laurence D.
Fink is the CEO and co-founder of BlackRock. Along with seven colleagues, he started the company. As of 31 January 2023, he owned 520,126 making him the biggest individual shareholder.
Berkshire Hathaway (BRK. A 0.46%)(BRK. B 0.3%): 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 0.36%), worth almost $37 billion.
Berkshire Hathaway Inc. owns the most shares of Bank of America (BAC).
BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson to provide institutional clients with asset management services from a risk management perspective.
Now, it is the world's largest asset manager with $10 trillion currently in its portfolio. According to Marketwatch, there is currently around $40 trillion in circulation around the world — which means BlackRock manages a quarter of the world's money.
BlackRock (BLK -1.24%): Owns 627,171,762 Amazon shares, or 6.04% of shares outstanding. New York City–based BlackRock is the largest institutional money manager on the globe, with more than $9.4 trillion in assets under management.
Does BlackRock own Bank of America?
Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 474.78MM shares of Bank of America Corp (BAC). This represents 5.9% of the company.
BlackRock (BLK -2.87%) owns roughly 262.30 million Wells Fargo shares. In aggregate, those shares are worth about $15 billion and account for 7.26% of the WFC ownership. Blackrock is a leading investment manager with some $10 trillion in assets under management.
BlackRock also provides risk management and advisory services to governments and institutions and has access to a lot of data and information through its Aladdin software platform Aladdin is a software tool that can track and analyze trading and monitor a whopping US$18 trillion in assets for 200 financial firms; even ...
BlackRock is the world's largest investment manager, with $10 trillion of assets under management. There's a lot of misunderstanding about the companies BlackRock owns and what it does. The company owns several investment management and technology platforms.
After both 2008 and 2020, BlackRock solidified their dominance in the market. BlackRock is now the largest asset manager in the world. These assets arise in the form of pension funds, sovereign wealth funds, other central banks, college endowment, and millions of individual investors.
Some examples of companies that are currently larger than BlackRock in terms of market capitalization include: - Apple Inc. - Facebook Inc. - Tesla Inc.
Is Bank of America Partly Owned by China? No, Bank of America is not partly owned by China. It is an American bank.
Bank of America, one of the largest banking and financial services brands and corporations in the United States. It was formed through NationsBank's acquisition of BankAmerica in 1998.
Brian Moynihan, Bank of America Chair of the Board and Chief Executive Officer | Executive Biographies | Newsroom | Bank of America.
2006. BlackRock acquires Merrill Lynch Investment Management, expanding its retail and international presence.
Is Bank of America owned by USA?
For a period of time in 2009 the US Government took over ownership of U.S. Bancorp (the publicly traded company that owns Bank of America) but Bank of America is not a US Government entity - it's a private bank headquartered out of Charlotte, North Carolina.
| RANK | BANK NAME | TOTAL ASSETS |
|---|---|---|
| 1 | JPMorgan Chase | $3.40 trillion |
| 2 | Bank of America | $2.54 trillion |
| 3 | Wells Fargo | $1.73 trillion |
| 4 | Citigroup | $1.68 trillion |
Latest Holdings, Performance, AUM (from 13F, 13D)
BlackRock Inc.'s top holdings are Microsoft Corporation (US:MSFT) , Apple Inc. (US:AAPL) , Amazon.com, Inc. (US:AMZN) , NVIDIA Corporation (US:NVDA) , and Alphabet Inc. (US:GOOGL) .
April 4 (Reuters) - BlackRock (BLK. N) , opens new tab CEO Laurence Fink's total pay for 2023 was $26.9 million, down from $32.7 million a year earlier, according to the company's regulatory filings on Thursday.
BlackRock Inc. reduced Chief Executive Larry Fink's total compensation to $25.2 million for 2022, a 30% decline from the previous year, according to a regulatory filing.
