SCHEDULE: Vanguard Discloses 6.59% Stake in Bank of America

Vanguard Capital Management reports beneficial ownership of over 471 million shares, representing 6.59% of Bank of America's common stock as of March 31, 2026.

Summary

• Vanguard Capital Management, along with its affiliates, has disclosed beneficial ownership of 471,311,773 shares of Bank of America Corp. common stock.
• This holding represents 6.59% of the total class of securities.
• The filing indicates sole voting power for 61,607,108 shares and sole dispositive power for all 471,311,773 shares.
• The reporting date for this event is March 31, 2026.
• Vanguard Capital Management is filing this Schedule 13G under Rule 13d-1(b), identifying itself as an investment adviser.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of an existing significant passive investment by a major asset manager and does not indicate new strategic developments or changes in the company's performance.

Positives

• Vanguard's significant stake indicates confidence in Bank of America's long-term prospects.
• The filing confirms Vanguard's role as a major institutional investor in Bank of America.

Future Outlook

This filing does not contain forward-looking statements or guidance. It is a disclosure of current beneficial ownership.

Management Comments

• In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd.
• This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power.
• This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that large asset managers like Vanguard filing Schedule 13G forms are common and indicate significant, passive holdings in major financial institutions. This filing confirms Bank of America's position as a core holding within Vanguard's extensive investment portfolios.

Stakeholder Impact

• Shareholders: Confirms Vanguard's continued significant investment, potentially providing stability to the stock price.
• Management: Reinforces the importance of maintaining strong performance to satisfy large institutional investors like Vanguard.

Key Dates

Keywords

Bank of America, Vanguard, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing