La cadena de opciones muestra datos clave de las opciones de acciones de Bank of America a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Bank of America..

Bank of America (NYSE:BAC) Bolsa, Cadena de Opciones

BANK OF AMERICA CORP

Bank of America

Bank of America is one of the largest financial institutions in the United States, with more than $3.2 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/08/25</td>
<td>$110.00</td>
<td>$31.0K</td>
<td>4.4K</td>
<td>14.5K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$15.00</td>
<td>$48.8K</td>
<td>4.0K</td>
<td>3.0K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/08/25</td>
<td>$300.00</td>
<td>$25.6K</td>
<td>1.4K</td>
<td>1.9K</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$382.50</td>
<td>$26.2K</td>
<td>370</td>
<td>1.2K</td>
</tr>
<tr>
<td>OSCR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$20.00</td>
<td>$29.0K</td>
<td>17.8K</td>
<td>971</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/08/25</td>
<td>$47.00</td>
<td>$34.8K</td>
<td>589</td>
<td>577</td>
</tr>
<tr>
<td>SUPV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$15.00</td>
<td>$29.6K</td>
<td>1.9K</td>
<td>550</td>
</tr>
<tr>
<td>GLXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$30.00</td>
<td>$143.9K</td>
<td>3.7K</td>
<td>424</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$175.00</td>
<td>$61.3K</td>
<td>562</td>
<td>264</td>
</tr>
<tr>
<td>TOST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$50.00</td>
<td>$25.4K</td>
<td>12.6K</td>
<td>191</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on August 8, 2025. This event was a transfer of 200 contract(s) at a $110.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $155.0 per contract. There were 4448 open contracts at this strike prior to today, and today 14546 contract(s) were bought and sold. 
• For RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on August 1, 2025. This event was a transfer of 718 contract(s) at a $15.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $68.0 per contract. There were 4066 open contracts at this strike prior to today, and today 3025 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on August 8, 2025. This event was a transfer of 150 contract(s) at a $300.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $171.0 per contract. There were 1453 open contracts at this strike prior to today, and today 1953 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on August 1, 2025. Parties traded 20 contract(s) at a $382.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $1325.0 per contract. There were 370 open contracts at this strike prior to today, and today 1213 contract(s) were bought and sold. 
• For OSCR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>), we notice a call option trade that happens to be bearish, expiring in 50 day(s) on September 19, 2025. This event was a transfer of 580 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $50.0 per contract. There were 17877 open contracts at this strike prior to today, and today 971 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on August 8, 2025. This event was a transfer of 790 contract(s) at a $47.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $34.8K, with a price of $44.0 per contract. There were 589 open contracts at this strike prior to today, and today 577 contract(s) were bought and sold. 
• For SUPV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPV#NYSE">SUPV</a>), we notice a call option trade that happens to be bullish, expiring in 169 day(s) on January 16, 2026. This event was a transfer of 486 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $29.6K, with a price of $61.0 per contract. There were 1972 open contracts at this strike prior to today, and today 550 contract(s) were bought and sold. 
• For GLXY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>), we notice a call option sweep that happens to be bullish, expiring in 169 day(s) on January 16, 2026. This event was a transfer of 200 contract(s) at a $30.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $143.9K, with a price of $720.0 per contract. There were 3713 open contracts at this strike prior to today, and today 424 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a put option sweep that happens to be bullish, expiring in 78 day(s) on October 17, 2025. This event was a transfer of 61 contract(s) at a $175.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $61.3K, with a price of $1005.0 per contract. There were 562 open contracts at this strike prior to today, and today 264 contract(s) were bought and sold. 
• Regarding TOST (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>), we observe a call option sweep with bearish sentiment. It expires in 533 day(s) on January 15, 2027. Parties traded 23 contract(s) at a $50.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $1105.0 per contract. There were 12620 open contracts at this strike prior to today, and today 191 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

GLXY

HOOD

OSCR

SUPV

TOST

10 Financials Stocks Whale Activity In Today's Session

In the current market session, Bank of America Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) share price is at $48.15, after a 0.42% spike. Moreover, over the past month, the stock decreased by 0.81%, but in the past year, spiked by 22.32%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1753887641_0.png" alt="Past Year Chart" />

<h3>Bank of America P/E Compared to Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of 12.95 in the Banks industry, Bank of America Inc. has a higher P/E ratio of 14.06. Shareholders might be inclined to think that Bank of America Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1753887641_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

News

Intraday Update

Markets

Price Over Earnings Overview: Bank of America

Oppenheimer analyst Chris Kotowski maintains Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) with a Outperform and raises the price target from $55 to $57.

Price Target

Analyst Ratings

Oppenheimer Maintains Outperform on Bank of America, Raises Price Target to $57

Warren Buffett&#8217;s Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has been quietly amassing a staggering $4.37 billion in annual dividend income, translating to a whopping $138.63 every second, without selling a single share.
What Happened: As of 2025, Berkshire Hathaway&#8217;s dividend income is a result of strategic capital allocation, brand loyalty, and long-term conviction, according <a href="https://www.barchart.com/story/news/33720203/warren-buffetts-berkshire-hathaway-now-earns-138-every-second-from-dividends">to</a> Barchart. 
The company&#8217;s passive income mainly flows from a select group of high-quality, dividend-paying companies, many of which have been held for years or even decades.
Household names like Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) generate over half of the portfolio&#8217;s total dividend income. These companies are known for their strong brands, recurring revenues, and pricing discipline.
This passive cash engine not only boosts Berkshire&#8217;s income statement but also provides Buffett with optionality. The dividends received can be reinvested into new investments, stock buybacks, debt repayments, or held as cash reserves, without shrinking Berkshire&#8217;s ownership in the underlying businesses.
Berkshire&#8217;s approach is not based&nbsp;on yield-chasing or short-term momentum&nbsp;plays, but on the belief in &#8220;economic moats,&#8221; the durable competitive advantages that&nbsp;allow companies to fend off&nbsp;competition and maintain pricing power&nbsp;over time. 
This strategy has led to a steady stream of passive income, which can be reinvested into new opportunities,&nbsp;stock buybacks, debt repayments, or&nbsp;held as cash reserves.
See Also: <a href="https://benzinga.com/news/politics/25/07/46682268/josh-hawley-introduces-600-tariff-rebate-bill-for-working-americans-echoing-trumps-plan" target="_blank" rel="noopener">Josh Hawley Introduces $600 Tariff Rebate Bill For Working Americans, Echoing Trump&#8217;s Plan</a>
Why It Matters: Despite the current investment landscape dominated by algorithmic trading and speculative bubbles, Berkshire Hathaway&#8217;s success is a testament to the enduring power of patience and quality.
Buffett has 56% of his $258 billion portfolio&#8217;s <a href="https://www.benzinga.com/markets/hedge-funds/25/07/46687204/warren-buffett-has-56-of-his-258-billion-portfolios-value-exposed-to-ai-here-are-the-5-stocks-that-are-leveraging-ai-within-berkshires-holdings">value exposed to AI</a>, with Berkshire Hathaway holding stocks like Apple and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) that leverage AI in their businesses on a large scale.
Earlier, it was revealed that <a href="https://www.benzinga.com/news/movers-shakers/25/06/45736983/warren-buffett-makes-over-2-2-million-a-day-from-this-stock">Buffett makes over $2.2 million</a> a day from his investment in Coca-Cola, a testament to his patient, long-term investing strategy. According to recent data, 98% of Buffett&#8217;s $160 billion wealth came after turning 65, showcasing <a href="https://www.benzinga.com/general/market-summary/25/05/45399940/warren-buffett-shows-how-patience-pays-98-of-his-160-billion-wealth-came-after-turning-65-thanks-the-power-of-compound-interest">the power of compound interest</a> and reinforcing the value of long-term investing.
Meanwhile, this week, VeriSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>) said that Berkshire had <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46682662/verisign-stock-falls-after-berkshire-hathaway-cuts-holdings">sold about one-third of its stake</a> in the company, which it had held since 2012. The sale involved 4.3 million shares at $285 each, generating approximately $1.23 billion and reducing Berkshire's ownership from 14.2% to 9.6%.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/earnings/25/07/46687653/sofi-technologies-stock-surges-on-exceptional-q2-earnings-raised-guidance" target="_blank" rel="noopener">SoFi Technologies Stock Surges On &#8216;Exceptional&#8217; Q2 Earnings, Raised Guidance</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

AAPL

AMZN

VRSN

Warren Buffett's Berkshire Now Earns $138 Every Second—How Decades-Old Bets On Apple, Coca-Cola, Chevron Are Paying Off Big In 2025

The &#8216;Oracle of Omaha&#8217; — Warren Buffett is not invested in any pure-play artificial intelligence (AI) companies, but he holds these five stocks via Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), which leverage AI in their businesses on scale.
Check out the <a href="https://www.benzinga.com/quote/BRK-B">BRK-B stock price here</a>.
What Happened: While the companies that Buffett holds via Berkshire don&#8217;t directly make or create AI-related products or services, about 55.77% of the value of its total $258.701 billion portfolio is invested in these five firms, leveraging AI heavily on a day-to-day basis.
Out of the total 36 holdings as of the end of the first quarter, Berkshire holds about $114.423 billion worth of shares in Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Company</td>
<td>Holdings (as of March 31)</td>
<td>% In The Portfolio</td>
<td>Value (as of March 31)</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>300,000,000</td>
<td>26%</td>
<td>$66.639 billion</td>
</tr>
<tr>
<td>American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>151,610,700</td>
<td>16%</td>
<td>$40.79 billion</td>
</tr>
<tr>
<td>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>)</td>
<td>8,297,460</td>
<td>1.1%</td>
<td>$2.907 billion</td>
</tr>
<tr>
<td>Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>)</td>
<td>3,986,648</td>
<td>0.8%</td>
<td>$2.185 billion</td>
</tr>
<tr>
<td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>10,000,000</td>
<td>0.7%</td>
<td>$1.902 billion</td>
</tr>
</tbody>
</table>
</figure>
<h2 class="wp-block-heading">Apple</h2>
<ul class="wp-block-list">
<li>Not an AI stock in the traditional sense, but Apple heavily integrates AI into its products and services.</li>
</ul>
<ul class="wp-block-list">
<li>Features like Siri, on-device machine learning for Face ID, photo processing, and Apple Intelligence (AI-driven features in iOS) show deep AI investment.</li>
</ul>
<ul class="wp-block-list">
<li>Its focus on privacy-preserving AI and custom silicon (e.g., Neural Engine in A-series chips) positions it as a leader in consumer AI applications.</li>
</ul>
<h2 class="wp-block-heading">American Express</h2>
<ul class="wp-block-list">
<li>Also, not an AI stock, Amex uses AI for credit risk assessment, fraud detection, and personalized marketing.</li>
</ul>
<ul class="wp-block-list">
<li>Its data-driven approach leverages machine learning to enhance customer experiences, but its core business is financial services and payments, not AI development.</li>
</ul>
<h2 class="wp-block-heading">Amazon</h2>
<ul class="wp-block-list">
<li>While primarily an e-commerce and cloud computing giant, Amazon is a major AI player through Amazon Web Services (AWS), which offers AI and machine learning tools like SageMaker, Bedrock, and Titan models.</li>
</ul>
<ul class="wp-block-list">
<li>AI powers Amazon's recommendation algorithms, logistics optimization, and Alexa. Its cloud dominance makes it a backbone for many AI companies, so it's closer to an AI stock than most.</li>
</ul>
<h2 class="wp-block-heading">Visa</h2>
<ul class="wp-block-list">
<li>Not an AI stock, but Visa uses AI extensively for fraud detection, risk management, and transaction personalization.</li>
</ul>
<ul class="wp-block-list">
<li>Its VisaNet processes massive data sets, leveraging machine learning to enhance security and efficiency. However, AI is a tool for Visa, not its core business, which remains payment processing.</li>
</ul>
<h2 class="wp-block-heading">Mastercard</h2>
<ul class="wp-block-list">
<li>Similar to Visa, Mastercard is not an AI stock but employs AI for fraud prevention, cybersecurity, and customer insights.</li>
</ul>
<ul class="wp-block-list">
<li>Its AI-driven Decision Intelligence platform analyzes transaction patterns in real time. Like Visa, AI supports its payment network but isn't the primary focus.</li>
</ul>
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46680436/trumps-eu-deal-good-for-us-markets-say-experts-meta-aapl-pltr-among-likely-winners-see-full-list" target="_blank" rel="noreferrer noopener">Trump's EU Deal ‘Good For US Markets,' Say Experts: META, AAPL, PLTR Among Likely Winners — See Full List</a>
Why It Matters: Other prominent stocks within Berkshire&#8217;s portfolio as of the end of the first quarter include Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and Moody&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>).
As he remains the chairman of the Board, Buffett announced during Berkshire&#8217;s<a href="https://www.benzinga.com/news/management/25/05/45188605/youve-got-to-check-emotions-at-the-door-warren-buffett-offers-timeless-investing-wisdom-amid-market-turmoil"> 60th annual shareholders meeting</a> that he will be retiring by the end of the year. 
Berkshire's board has voted to appoint Greg Abel <a href="https://www.benzinga.com/news/management/25/05/45199066/berkshire-hathaway-stock-falls-following-buffetts-retirement-as-ceo">as the CEO</a>, effective Jan. 1, 2026.
Price Action: Berkshire&#8217;s Class B shares were 0.098% higher in premarket on Tuesday. The stock has risen by 6.78% year-to-date and 9.90% over the past year.
Benzinga's Edge Stock Rankings indicate that BRK-B maintains solid momentum in the long term, but it had a weaker price trend over the short- and medium-term periods. However, while the stock scores well on value rankings, its quality rating remains relatively moderate. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="160" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29073548/BRK-B-Edge-1024x160.png" alt="" class="wp-image-1005020" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29073548/BRK-B-Edge-1024x160.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29073548/BRK-B-Edge-300x47.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29073548/BRK-B-Edge-768x120.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29073548/BRK-B-Edge.png 1180w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were trading higher in premarket on Tuesday. The SPY was up 0.24% at $638.47, while the QQQ advanced 0.48% to $570.84, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Warren Buffett Has 56% Of His $258 Billion Portfolio's Value Exposed To AI: Here Are The 5 Stocks That Are Leveraging AI Within Berkshire's Holdings

Legendary investor Warren Buffett has a long track record of <a href="https://www.benzinga.com/general/education/25/01/42832123/warren-buffett-beats-sp-500-in-2024-how-oracle-of-omahas-returns-compare-over-past-20-years">outperforming the S&amp;P 500</a> and broad stock market indexes. Buffett's Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has fallen behind the S&amp;P 500 in 2025 and risks underperforming for the full year.
What Happened: The Berkshire Hathaway conglomerate owns numerous companies and also <a href="https://www.benzinga.com/general/education/25/05/45208955/warren-buffetts-giant-berkshire-portfolio-top-10-includes-banks-oil-and-apple" target="_blank" rel="noopener">holds a substantial investment portfolio, </a>which Buffett and the late Charlie Munger have managed for years.
With Buffett set to step down as CEO, the investment portfolio will shift more and more to his successor Greg Abel.
For years, Berkshire Hathaway outperformed the market, but in recent years the gap has closed and the legendary investor has been closer to the average returns of the S&amp;P 500, which is tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
Year-to-date in 2025, Berkshire Hathaway is up 7.3%, trailing the 9.0% gain for the SPDR S&amp;P 500 ETF Trust.
There are numerous reasons for the underperformance, but a review of Berkshire Hathaway&#8217;s top stock holdings and their performance may reveal one of the primary reasons. Here are the current top holdings of Berkshire Hathaway's investment portfolio and their current year-to-date performance.
<ul class="wp-block-list">
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): -12.3%</li>
<li>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>): +4.4%</li>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>): +9.4%</li>
<li>Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>): +11.9%</li>
<li>Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>): +5.5%</li>
<li>Moody's Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>): +8.5%</li>
<li>Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>): -10.2%</li>
<li>Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>): -6.8%</li>
<li>Mitsubishi: +15.6%</li>
<li>Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>): -1.2%</li>
</ul>
Of the top 10 stock holdings, four have negative returns on the year. Only three of the top holdings are outperforming the S&amp;P 500 and the biggest gainer for the year among the top 10 stock holdings is Mitsubishi up 15.6%.
Apple, which is the largest holding of the stock portfolio, representing around 21%, is down over 12% year-to-date. The large tech giant has helped boost the performance of Berkshire Hathaway in recent years, but in 2025, it could help the conglomerate underperform the overall market.
Read Also: <a href="https://www.benzinga.com/news/education/25/07/46264430/why-warren-buffett-says-stocks-arent-what-hes-really-buying">Why Warren Buffett Says Stocks Aren&#8217;t What He&#8217;s Really Buying</a>
Why It's Important: Berkshire Hathaway was up 27.1% in 2024, outperforming the 24.1% gain of the S&amp;P 500 last year. Over the past 20 years, Berkshire Hathaway has beaten the S&amp;P 500 11 times.
However, over the last 10 years, the returns have been even, with five wins for Berkshire Hathaway and five for the S&amp;P 500.
Berkshire Hathaway has averaged gains of 12.1% over the last 20 years, compared to 11.5% for the S&amp;P 500.
The year 2025 could bring these numbers more into line with the S&amp;P 500 and end Buffett's legacy of running Berkshire Hathaway on a negative note.
The good news is it's only one year, and investors will likely remember the strong returns Buffett and Berkshire had for decades before the recent underperformance.
Abel and the new Berkshire Hathaway team may need to put some of the $347 cash pile the company is holding to work to generate strong returns going forward. Recent reports suggest that Berkshire Hathaway is poised to make another move in <a href="https://www.benzinga.com/trading-ideas/rumors/25/07/46557532/is-warren-buffetts-347-billion-cash-buying-railroads-heres-what-the-oracle-of-omaha-said">the railroad sector.</a>
An October 2024 <a href="https://www.benzinga.com/news/management/24/10/41302268/buffett-vs-musk-benzinga-readers-see-an-overwhelming-favorite-to-go-down-as-the-best-investor-in-">Benzinga poll</a> asked readers about Buffett's legacy.
&#8220;In 100 years, who&#8217;s going to be remembered as the most legendary investor?&#8221; Benzinga asked.
Here were the results:
<ul class="wp-block-list">
<li>Warren Buffett: 61%</li>
<li>Elon Musk: 30%</li>
<li>Jeff Bezos: 6%</li>
<li>Mark Cuban: 4%</li>
</ul>
The poll found that Buffett is most likely to be remembered as a legendary investor in the next 100 years by a two-to-one margin.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/education/25/05/45602754/warren-buffett-investment-success-3-simple-rules-to-copy-oracle-of-omaha">Warren Buffett Investment Success: 3 Simple Rules To Copy Oracle Of Omaha</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Long Ideas

Management

Trading Ideas

Is Apple Sinking Warren Buffett's Portfolio? The Oracle Of Omaha's Winning Streak Faces Collapse

When Dawn Choo was in college, she landed an internship at Facebook. The experience was so positive that she applied for full-time positions with Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) post-graduation, hoping to become a data scientist at Instagram.&nbsp;
Unfortunately, she didn't get an offer. Eventually, she landed a finance role at Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>). While it wasn't the position she'd dreamed of, she accepted it, needing a full-time job in order to remain in the country.
A year and a half into her tenure, Choo began looking for other positions that would allow her to do work that was more in line with her degree.&nbsp;
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"I was not the best at interviewing," Choo told <a href="https://www.businessinsider.com/40-percent-pay-cut-amazon-dream-job-meta-2025-7">Business Insider</a>. "I applied to about 100 places, interviewed at maybe 10, and then I finally got an offer at Amazon in 2017."
The Amazon role was as a business analyst, a major pivot in terms of the type of work she'd be doing on a day-to-day basis. It also involved taking a 40% pay cut.
"Despite what felt like moving backward, I could see the upsides of taking the job," she told Business Insider. "Amazon's a big company, and I knew it was a step toward where I wanted to go."
Still, Choo regularly struggled with feeling as though she hadn't made the right decision. It took some time for her to settle in and make peace with her new career path.&nbsp;
Trending: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
Eventually, she decided to automate some of the more monotonous aspects of the job, hoping it would free up some time and make her days more enjoyable.
"The automation project started as a pet project — I randomly came up with the idea and pitched it to an executive. He loved it so much and kept pushing me to do it that eventually, I did," she said.
Eventually, her pet project earned her a promotion to business intelligence engineer. Two years later, that promotion helped her land her dream job as a data scientist at Instagram.
"I think my experience working in tech and product changed my application," she told Business Insider. "I also had a lot more leadership experience since I spearheaded a project. Plus, I matured around interviewing and presenting myself."
See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
"For others thinking about making a career transition, I would say take the pay cut if you have to," she said. "I&#8217;ve always feared regret more than failure. I knew if I didn&#8217;t take the Amazon job, I would be upset for not betting on myself."
After working at Instagram for a little over three years, Choo has pivoted once again. She recently launched <a href="https://www.interviewmaster.ai/">Interview Master</a>, a coaching program that provides personalized mentorship for those looking to land high-paying roles in tech.
"I will always say take the bet on yourself — and I&#8217;m doing it again. I pretty much took a 100% pay cut this time. I went from my comfy corporate job with insurance, travel perks, and stability to work for myself, and I hope the payout will come soon," she said.&nbsp;
Read Next: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora &amp; MGM—<a href="https://www.benzinga.com/money/rad-intel">Just $0.63 Before NASDAQ Launch</a>
Image: Shutterstock

After Taking A 40% Pay Cut, She Regretted Her Career Pivot— Until It Landed Her A Job At Meta

Politics

Legal

Global

General

Reuters Issues Correction To Statement Saying House Of Representatives Chinese Select Committee Subpoenas JP Morgan, Bank Of America CEOs For Backing CATL; House Of Representatives Chinese Select Committee Says Executives Must Comply By August 8

Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) views the <a href="https://www.benzinga.com/markets/cryptocurrency/25/07/46582358/how-trumps-genius-act-could-supercharge-tethers-usdt">recently signed GENIUS Act</a> as a pivotal step in shaping stablecoin regulation in the U.S., setting the stage for broader tokenization in finance.
What Happened: In a research note last week, the bank&#8217;s analysts said the legislation, signed by President Donald Trump, could spur infrastructure development and drive competition in the digital finance sector, Coindesk <a href="https://www.coindesk.com/markets/2025/07/24/stablecoin-supply-to-grow-as-much-as-usd75b-following-passage-of-genius-act-bofa-says">reported</a>.
Stablecoins, which are digital tokens backed by fiat currencies or commodities like gold, are expected to see moderate growth in the near term. 
Bank of America projects their supply could increase by $25 billion to $75 billion, driven by new product launches, infrastructure upgrades, and the emergence of alternatives like tokenized deposits and blockchain-based money market funds.
Currently, the total stablecoin market capitalization stands at approximately $270 billion, according to CoinMarketCap data.
Looking ahead over the next two to three years, analysts foresee an industry shift toward consolidation and greater adoption of both stablecoins and tokenized assets. 
This trend will likely gain momentum through the legislative clarity provided by the CLARITY Act, which aims to define the regulatory status of digital assets, separating them as either commodities or securities. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46600810/332-million-to-minus-85-million-why-are-ethereum-etfs-suddenly-more-popular-than-bitcoin-etfs">$332 Million To Minus $85 Million: Why Are Ethereum ETFs Suddenly More Popular Than Bitcoin ETFs?</a>
While the CLARITY Act has passed in the House, it is still awaiting Senate approval.
The report also highlights growing interest from traditional financial institutions. Many bank executives are preparing to issue stablecoins under consortium-led structures. 
Bank of America is among them. 
CEO Brian Moynihan recently confirmed that the bank has laid internal foundations to participate in the stablecoin market and plans to act when the timing aligns.
Despite increasing interest in cross-border applications, the report suggests that near-term disruption to domestic payment systems is unlikely.
On the macroeconomic front, growing demand for U.S. Treasuries used as stablecoin reserves could lead the Treasury Department to prioritize issuance of short-term government bills to meet liquidity needs.
Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46598915/ethereum-xrp-sink-while-bitcoin-holds-whats-going-on-with-altcoins">Ethereum, XRP Sink While Bitcoin Holds: What&#8217;s Going On With Altcoins?</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Will US Banks Launch Their Own Stablecoins? Bank Of America Says They Might

The CEOs of&nbsp;JPMorgan&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and&nbsp;Bank of America&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) have reportedly been subpoenaed by U.S. lawmakers over their roles in the IPO of a Chinese battery company.
What Happened: The House Select Committee on the Chinese Communist Party has called on JPMorgan and Bank of America to provide documents concerning their involvement in the IPO of Contemporary Amperex Technology (CATL), a major supplier of batteries to global electric vehicle manufacturers, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), <a href="https://www.wsj.com/finance/banking/lawmakers-subpoena-jpmorgan-and-bofa-over-ipo-of-chinese-battery-startup-83f20c0d?mod=hp_lead_pos10">reported</a> The Wall Street Journal.
The committee, focused on the national security threat posed by China, had earlier cautioned the banks about the "serious regulatory, financial, and reputational&#8221; risks of participating in the IPO of a company the Department of Defense had flagged for its military affiliations.
Despite the warning, JPMorgan and Bank of America went ahead with underwriting CATL's IPO, which raised $5.2 billion in May through the listing and an overallotment option that was fully exercised.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46565408/china-blocks-us-patent-official-from-leaving-mainland-days-after-exit-ban-on-wells-fargo-executive-" target="_blank" rel="noreferrer noopener">China Blocks US Patent Official From Leaving Mainland Days After &#8216;Exit Ban&#8217; On Wells Fargo Executive, Beijing Says It&#8217;s Lawful</a>
Why It Matters: The IPO of CATL, which is a major player in the global electric vehicle battery market, was a significant event. The company&#8217;s shares&nbsp;<a href="https://www.benzinga.com/25/05/45510669/tesla-supplier-catl-soars-125-in-46-billion-hong-kong-ipo">soared 12.5%</a>&nbsp;in their Hong Kong trading debut after raising $4.6 billion,&nbsp;making it the largest listing&nbsp;of the year. This IPO was a strong indication of market confidence in CATL, despite the ongoing U.S.-China trade tensions.
This incident also comes amid growing concerns over national security implications of US firms&#8217; involvement with Chinese companies. Earlier this month, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) announced it would no longer use <a href="https://www.benzinga.com/markets/tech/25/07/46507658/microsoft-ends-china-based-tech-support-for-pentagon-projects-amid-national-security-backlash">China-based engineers </a>to provide technical support for U.S. military cloud services, following backlash from Washington and a revealing ProPublica report.
READ MORE:
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<li><a href="https://www.benzinga.com/markets/earnings/25/07/46592460/tesla-stock-drops-after-hours-analysts-lament-lack-of-clear-metrics-balance-sheet-pressure-and-legal-risks-elon-musk-gave-ton-of-ammunition-to-lawyers-suing-him">Tesla Stock Drops After-Hours, Analysts Lament Lack Of &#8216;Clear Metrics,&#8217; Balance Sheet Pressure And Legal Risks: Elon Musk Gave &#8216;Ton Of Ammunition&#8217; To Lawyers Suing Him</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

TSLA

Jamie Dimon's JPMorgan, BofA Under Congressional Scrutiny Over Tesla Battery Supplier CATL's Mega IPO: Report

<a href="https://www.wsj.com/finance/banking/lawmakers-subpoena-jpmorgan-and-bofa-over-ipo-of-chinese-battery-startup-83f20c0d">https://www.wsj.com/finance/banking/lawmakers-subpoena-jpmorgan-and-bofa-over-ipo-of-chinese-battery-startup-83f20c0d</a>

'Lawmakers Subpoena JPMorgan and BofA Over IPO of Chinese Battery Startup'- WSJ

Buybacks

Bank of America Authorizes $40B Stock Repurchase Program

Dividends

Bank of America Increases Quarterly Dividend From $0.26/Share To $0.28/Share

Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) has raised its price target for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock as the investment bank is confident in Elon Musk's FSD ambitions.
Check out the current price of <a href="https://benzinga.com/quote/tsla">TSLA stock here</a>.
What Happened: In a new investor note released by the bank on Monday, BofA analysts stated that the EV giant faced more challenges compared to companies like General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>).
"Tesla is the most challenged among the three OEMs given disappointing deliveries, IRA incentives phasing out, and tariffs," analysts said before adding that the tariff exposure isn't "insignificant."
The analysts also said that the company's sales in the fourth quarter could be affected by the lack of IRA or Inflation Reduction Act incentives ($7,500 EV credit).
However, the analysts also said that the company's Robotaxi operations in Austin inspired confidence "on the promise to deliver unsupervised FSD by the end of 2025," and updated the Tesla price target to $341 from $305, an over 11% increase.
Why It Matters: The news comes as Piper Sandler analyst Alex Potter also hailed Tesla's <a href="https://www.benzinga.com/markets/tech/25/07/46536292/trumps-new-zev-credit-regulations-arent-as-bad-for-elon-musk-says-piper-sandler-tesla-will-still-book-around-3-billion">Robotaxi operations</a> as well as the company's plans to <a href="https://www.benzinga.com/markets/tech/25/07/46361254/elon-musks-robotaxi-push-expands-to-phoenix-as-tesla-seeks-arizona-approval">expand the service</a> into Phoenix and the <a href="https://www.benzinga.com/markets/tech/25/07/46337340/elon-musk-says-tesla-will-expand-robotaxi-services-to-san-francisco-bay-area-in-a-month-or-two">San Francisco Bay Area</a>.
Tesla's FSD, however, could face increased scrutiny after President Donald Trump's NHTSA nominee, Jonathan Morrison, called for <a href="https://www.benzinga.com/markets/tech/25/07/46434613/elon-musks-tesla-could-face-stricter-oversight-as-trumps-nhtsa-pick-targets-autonomous-driving-cannot-sit-back">tougher oversight</a> on autonomous driving in the U.S.
Elsewhere, Tesla recently announced the company's Model 3 sedan had reached the <a href="https://www.benzinga.com/markets/tech/25/07/46512836/elon-musks-tesla-announces-3-million-model-3-units-sold-worldwide">3 million worldwide sales</a> milestone, despite the company's U.S. sales <a href="https://www.benzinga.com/markets/tech/25/07/46436501/ev-prices-drop-2-8-in-june-as-incentives-surge-amid-tumbling-tesla-sales">dropping 12.6% YoY</a> in Q2 2025, according to data.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="202" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22005448/TSLA-JUL-22-2025-1-1024x202.jpg" alt="" class="wp-image-994601" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22005448/TSLA-JUL-22-2025-1-1024x202.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22005448/TSLA-JUL-22-2025-1-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22005448/TSLA-JUL-22-2025-1-768x151.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22005448/TSLA-JUL-22-2025-1-1536x303.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22005448/TSLA-JUL-22-2025-1.jpg 1557w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/asia/25/07/46512860/tesla-rival-geelys-zeekr-neta-inflated-sales-data-in-china-through-insurance-scheme-amid-zero-mileage-used-cars-row-report">Tesla Rival Geely&#8217;s Zeekr, Neta Inflated Sales Data In China Through Insurance Scheme Amid &#8216;Zero-Mileage&#8217; Used Cars Row: Report</a></li>
</ul>
Photo Courtesy: Around the World Photos On Shutterstock.com

Tech

Bank Of America Sees 11% Upside For Tesla Stock Despite EV Credit Phase-Out, Tariff Risks: 'Promise To Deliver Unsupervised FSD'

As we reach the midpoint of the year, recession fears are slowly abating. In May, <a href="https://www.jpmorgan.com/insights/global-research/economy/recession-probability">J.P.Morgan</a> lowered the probability of a recession occurring in 2025 from 60% to 40%. However, it still warned that a period of subpar growth could lie ahead, especially if tariffs remain high.&nbsp;
While the news has calmed some of the fear surrounding the economy, it hasn't eliminated all of it. A <a href="https://www.indeed.com/career-advice/news/layoff-anxiety">survey</a> conducted by Indeed and Harris Poll in June found that 46% of Americans are concerned about layoffs within the next year.
If you count yourself among that number, we have some good news. <a href="https://www.cnbc.com/2025/07/12/10-strongest-us-economies-recession-top-states-for-business-rankings.html">CNBC</a> has identified the 10 states with economies that are least likely to be affected by a recession.
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To score each state's economy, the outlet considered factors like state gross domestic product growth, job growth, state fiscal health, housing market health, among others. Additionally, CNBC looked at how dependent each state is on the federal government for jobs and funding, and how greatly it could be impacted by a potential trade war.
These ten states, it says, "have what it takes to navigate a recession."
At No. 10 is South Carolina. The state is fairly vulnerable to increased tariffs, thanks to the fact that international goods trade made up around one-third of its economy in 2024, but it also has one of the fastest-growing economies in the union, as well as significant job growth.
Georgia's diverse economy puts it at No. 9, and Utah, which led the nation in gross domestic product growth in 2024, comes in at number eight.
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Idaho, which is fairly insulated from the trade war but heavily dependent on the federal government for jobs and funding, is number seven on CNBC's list. Washington state, New York and Delaware take up the sixth, fifth and fourth spots, respectively.
At No. 3 is North Carolina, which is also CNBC's top state for business overall in 2025. Despite some setbacks from Hurricane Helene, the state is affordable, sheltered from federal job and budget cuts, and home to three major companies— Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), and Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>)— that provide a large number of jobs.
Texas has the second-most recession-proof economy in the US, CNBC reports. The sheer size of its economy helps offset concerns about its reliance on the federal government for jobs and international trade.&nbsp;
The most stable economy in the nation, according to CNBC's estimation, is Florida. Topping the list for the third year in a row, Florida benefits from strong finances, healthy economic and job growth, and a wealth of new business formations. However, the state does rely on the federal government for 34% of its budget, which has experts cautioning against complete trust in the Sunshine State.&nbsp;
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Personal Finance

Worried About A Recession? These 10 States Have The Strongest, Most Recession-Proof Economies

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$100.00</td>
<td>$72.7K</td>
<td>18.7K</td>
<td>4.6K</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/25/25</td>
<td>$420.00</td>
<td>$57.6K</td>
<td>783</td>
<td>3.9K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$50.00</td>
<td>$73.1K</td>
<td>16.9K</td>
<td>3.6K</td>
</tr>
<tr>
<td>XYZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/01/25</td>
<td>$80.00</td>
<td>$25.5K</td>
<td>1.0K</td>
<td>3.6K</td>
</tr>
<tr>
<td>GLXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$30.00</td>
<td>$29.9K</td>
<td>3.2K</td>
<td>2.4K</td>
</tr>
<tr>
<td>PAGS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$8.00</td>
<td>$72.0K</td>
<td>1.2K</td>
<td>1.8K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$15.20</td>
<td>$32.2K</td>
<td>6.3K</td>
<td>1.4K</td>
</tr>
<tr>
<td>CIA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/21/25</td>
<td>$5.00</td>
<td>$27.9K</td>
<td>10.4K</td>
<td>1.3K</td>
</tr>
<tr>
<td>TFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$46.50</td>
<td>$56.4K</td>
<td>0</td>
<td>1.3K</td>
</tr>
<tr>
<td>BULL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$14.00</td>
<td>$49.2K</td>
<td>0</td>
<td>273</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option trade with bullish sentiment. It expires in 179 day(s) on January 16, 2026. Parties traded 30 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $72.7K, with a price of $2425.0 per contract. There were 18738 open contracts at this strike prior to today, and today 4605 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option sweep that happens to be neutral, expiring in 4 day(s) on July 25, 2025. This event was a transfer of 69 contract(s) at a $420.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $57.6K, with a price of $838.0 per contract. There were 783 open contracts at this strike prior to today, and today 3950 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a call option sweep that happens to be bullish, expiring in 60 day(s) on September 19, 2025. This event was a transfer of 1000 contract(s) at a $50.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $73.1K, with a price of $73.0 per contract. There were 16952 open contracts at this strike prior to today, and today 3685 contract(s) were bought and sold. 
• For XYZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), we notice a call option trade that happens to be neutral, expiring in 11 day(s) on August 1, 2025. This event was a transfer of 139 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $25.5K, with a price of $184.0 per contract. There were 1098 open contracts at this strike prior to today, and today 3652 contract(s) were bought and sold. 
• For GLXY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on July 25, 2025. This event was a transfer of 200 contract(s) at a $30.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $29.9K, with a price of $149.0 per contract. There were 3296 open contracts at this strike prior to today, and today 2447 contract(s) were bought and sold. 
• For PAGS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGS#NYSE">PAGS</a>), we notice a put option sweep that happens to be bullish, expiring in 179 day(s) on January 16, 2026. This event was a transfer of 800 contract(s) at a $8.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $72.0K, with a price of $90.0 per contract. There were 1253 open contracts at this strike prior to today, and today 1840 contract(s) were bought and sold. 
• For RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we notice a call option trade that happens to be bullish, expiring in 60 day(s) on September 19, 2025. This event was a transfer of 200 contract(s) at a $15.20 strike. The total cost received by the writing party (or parties) was $32.2K, with a price of $161.0 per contract. There were 6307 open contracts at this strike prior to today, and today 1425 contract(s) were bought and sold. 
• For CIA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIA#NYSE">CIA</a>), we notice a put option sweep that happens to be neutral, expiring in 123 day(s) on November 21, 2025. This event was a transfer of 150 contract(s) at a $5.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $187.0 per contract. There were 10400 open contracts at this strike prior to today, and today 1370 contract(s) were bought and sold. 
• For TFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), we notice a call option sweep that happens to be bullish, expiring in 25 day(s) on August 15, 2025. This event was a transfer of 1341 contract(s) at a $46.50 strike. This particular call needed to be split into 72 different trades to become filled. The total cost received by the writing party (or parties) was $56.4K, with a price of $42.0 per contract. There were 0 open contracts at this strike prior to today, and today 1342 contract(s) were bought and sold. 
• Regarding BULL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BULL#NASDAQ">BULL</a>), we observe a call option trade with bullish sentiment. It expires in 25 day(s) on August 15, 2025. Parties traded 200 contract(s) at a $14.00 strike. The total cost received by the writing party (or parties) was $49.2K, with a price of $246.0 per contract. There were 0 open contracts at this strike prior to today, and today 273 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BULL

PAGS

10 Financials Stocks With Whale Alerts In Today's Session

Investors with a lot of money to spend have taken a bullish stance on Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BAC, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Bank of America.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $288,780, and 4 are calls, for a total amount of $123,883.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $47.0 and $50.0 for Bank of America, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Bank of America's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bank of America's whale activity within a strike price range from $47.0 to $50.0 in the last 30 days. 
<h3>Bank of America Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753106514_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/18/26</td>
<td>$4.4</td>
<td>$4.35</td>
<td>$4.4</td>
<td>$47.00</td>
<td>$124.5K</td>
<td>105</td>
<td align="right">566</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/18/26</td>
<td>$4.35</td>
<td>$4.25</td>
<td>$4.25</td>
<td>$47.00</td>
<td>$106.2K</td>
<td>105</td>
<td align="right">0</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$6.5</td>
<td>$6.35</td>
<td>$6.35</td>
<td>$47.00</td>
<td>$43.1K</td>
<td>24.2K</td>
<td align="right">72</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$0.5</td>
<td>$0.49</td>
<td>$0.49</td>
<td>$47.50</td>
<td>$30.9K</td>
<td>1.7K</td>
<td align="right">169</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$1.43</td>
<td>$1.41</td>
<td>$1.43</td>
<td>$48.00</td>
<td>$28.6K</td>
<td>7.3K</td>
<td align="right">212</td>
</tr>
</tbody>
</table>

<h3>About Bank of America</h3>
Bank of America is one of the largest financial institutions in the United States, with more than $3.2 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
Having examined the options trading patterns of Bank of America, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Bank of America</h3>
<ul>
<li>With a volume of 1,870,870, the price of BAC is up 0.72% at $47.66. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 85 days.</li>
</ul>
<h3>What The Experts Say On Bank of America</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $52.8.
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&#x2A; An analyst from Truist Securities persists with their Buy rating on Bank of America, maintaining a target price of $53. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Bank of America, targeting a price of $49. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Bank of America, targeting a price of $53. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Bank of America, targeting a price of $54. 
&#x2A; Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Bank of America with a target price of $55. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Bank of America options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Bank of America Options Trading: A Deep Dive into Market Sentiment

In the last three months, 9 analysts have published ratings on Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), offering a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $52.22, with a high estimate of $55.00 and a low estimate of $49.00. This current average reflects an increase of 5.62% from the previous average price target of $49.44. 
<img src="https://www.benzinga.com/files/images/story/2025/1752782547_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Bank of America among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>John McDonald</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$53.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Saul Martinez</td>
<td>HSBC</td>
<td>Raises</td>
<td>Hold</td>
<td>$51.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$53.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>David George</td>
<td>Baird</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$52.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$54.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$49.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Richard Ramsden</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$52.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$51.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Bank of America. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Bank of America compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Bank of America's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Bank of America's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/BAC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Bank of America analyst ratings.</a>
<h2>Delving into Bank of America's Background</h2>
Bank of America is one of the largest financial institutions in the United States, with more than $3.2 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
<h3>A Deep Dive into Bank of America's Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Bank of America displayed positive results in 3M. As of 31 March, 2025, the company achieved a solid revenue growth rate of approximately 6.0%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 25.54%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Bank of America's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.55%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Bank of America's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.21%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Bank of America's debt-to-equity ratio is below the industry average at 1.26, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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Assessing Bank of America: Insights From 9 Financial Analysts

Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) <a href="https://www.benzinga.com/topic/banks" target="_blank" rel="noreferrer noopener">kicked off earnings season</a> with a stronger-than-expected second quarter on Wednesday, reporting net income of $7.1 billion and earnings per share of 89 cents, surpassing analyst expectations.
While revenue of $26.5 billion slightly missed consensus estimates, the <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46441436/bank-of-america-q2-loans-and-deposits-grow-efficiency-ratio-increases-to-64-58" rel="noreferrer noopener">bank saw growth</a> driven by higher net interest income, robust sales and trading activity, and increased asset management fees, despite lower investment banking fees.
Following the results, the banking giant garnered positive commentary from Wall Street analysts, with several affirming their outlook on the stock.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46449955/bank-of-americas-q2-results-better-than-feared-says-analyst" rel="noreferrer noopener">Bank Of America&#8217;s Q2 Results&#8217; Better Than Feared&#8217;, Says Analyst</a>
Goldman Sachs analyst Richard Ramsden and Keefe, Bruyette &amp; Woods analyst Christopher McGratty both maintained positive ratings on Bank of America (BAC) on Thursday. Ramsden reiterated a Buy rating with a <a target="_blank" href="https://www.benzinga.com/quote/BAC/analyst-ratings" rel="noreferrer noopener">price forecast of $56</a>, while McGratty maintained an Outperform rating with a slightly higher price target of $57.
<h2 class="wp-block-heading">Goldman Sachs&#8217; Perspective</h2>
Ramsden raised his earnings estimates for 2025E, 2026E, and 2027E EPS by 1%, reflecting relatively stable macro conditions and positive product cycles. For second-quarter 2025, BAC reported EPS of 89 cents, which is in line with consensus, and core EPS of 89 cents, slightly below Ramsden&#8217;s estimate of 91 cents. He noted that NII growth guidance for 2025 is projected at 6-7% Y/Y, outperforming other large banks, which are seeing an average of +4% growth.
Ramsden also highlighted strong loan growth at 7% Y/Y, driven by increased demand due to tariff uncertainty and ongoing franchise expansion. This will likely help BAC gain market share in 2025E/2026E, with Ramsden expecting robust core operating leverage of 40 bps in 2025E and 150 bps in 2026E.
Regarding expenses, BAC&#8217;s 2025E and 2026E expenses were slightly higher than initially anticipated. Still, Ramsden believes the substantial fee revenue will continue to offset these increases, with second-half 2025 expense growth expected to be flat compared to the second quarter. Ramsden also noted healthy core fees of $11.8 billion for the second quarter, driven by strong performance in equities trading (+2%) and fixed income (+10%).
Regarding capital returns, BAC returned $5.3 billion to shareholders in the second quarter of 2025, with a CET1 ratio of 11.5%. Ramsden highlighted that the capital cushion at BAC, which decreased by 30 bps Q/Q, gives the company significant flexibility for buybacks and future balance sheet growth.
He raised his 2025E, 2026E, and 2027E capital markets revenue by 1%. Looking ahead, Ramsden expects BAC&#8217;s 2025 EPS to be $4.42, 2026E EPS to be $5.60, and 2027E EPS to reach $6.75. Ramsden also remains cautious on BAC&#8217;s valuation, as it currently trades at ~1.65x TBV, 13pp underperforming peers year-to-date, indicating substantial upside potential from this point. &#8220;We continue to believe that the market undervalues its earnings growth profile, and thus see significant rerating potential from here.&#8221;
<h2 class="wp-block-heading">Keefe, Bruyette &amp; Woods&#8217; Key Takeaways</h2>
BAC reported core PPNR of—$0.01 per share, slightly below KBW&#8217;s estimate. Better credit and tax results offset this. Importantly, BAC maintained its fourth-quarter 2025 NII guidance of $15.5–$15.7 billion (KBW&#8217;s estimate was $15.67 billion).
McGratty listed his key takeaways. Core PPNR was -$0.01 per share vs. KBW&#8217;s estimate, with NII down by $0.01, fees down by $0.01, and expenses up by $0.01.
Investment Banking fees of $1.5 billion (vs. KBW&#8217;s estimate of $1.3 billion) were down 7% year over year (Y/Y), but better than the mid-quarter guidance of a 20-25% decline, with DCM showing the biggest upside in second-quarter 2025.
Trading revenues reached $5.4 billion, up 15% Y/Y (vs. KBW&#8217;s estimate of $5.0 billion), driven by strong FICC and Equities performance.
Provisions totaled $1.6 billion, or $0.02 per share above KBW&#8217;s estimate, with NCOs at 55 bps, up 1 bp Q/Q (quarter over quarter).
Average loan and deposit growth were 3% and 1% Q/Q, respectively (not annualized), while NIM was down 5 bps Q/Q due to lower loan yields compared to KBW&#8217;s estimate. Buybacks totaled $5.3 billion, surpassing KBW&#8217;s estimate of $4.6 billion.
Price Action: BAC stock is trading higher by 1.36% to $46.66 at last check on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46451374/why-citigroup-is-still-the-best-value-bet-in-large-cap-banking" target="_blank" rel="noreferrer noopener">Why Citigroup Is Still The Best Value Bet In Large-Cap Banking</a></li>
</ul>
Image via Shutterstock

Analyst Color

Reiteration

Is The Market Missing Bank Of America's Strong Earnings Growth?

Oppenheimer analyst Chris Kotowski maintains Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) with a Outperform and lowers the price target from $57 to $55.

Oppenheimer Maintains Outperform on Bank of America, Lowers Price Target to $55

Press Releases

Bank of America to Report Second Quarter 2025 Financial Results and Host Investor Conference Call on July 16

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Star Mountain Capital Transitions Peter K. Scaturro, Sr. To Vice Chairman

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Offerings

Bank of America Announces Redemption of $2,000,000,000 4.827% Fixed/Floating Rate Senior Notes, Due July 2026

Earnings

Bank of America Reports Second Quarter 2025 Financial Results

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Bank of America Declares Preferred Stock Dividends Payable in August and September 2025

Bank of America Increases Common Stock Dividend 8% to $0.28 Per Share, Authorizes $40 Billion Stock Repurchase Program

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