Bank of America Ranks 49th in Market Activity as Restructuring Targets Middle-Market Integration

On August 20, 2025, Bank of America (BAC) closed with a 0.56% gain, trading on a volume of $1.49 billion, ranking 49th in market activity. The bank announced a strategic leadership reshuffle in its global investment banking division, appointing Faiz Ahmad and Mike Joo as co-heads. The move follows a realignment of responsibilities, with former heads Alex Bettamio and Thomas Sheehan transitioning to GCIB chairs to focus on client relationships. The restructuring aims to enhance operational integration across 97 U.S. markets, particularly in the middle-market M&A segment, which has seen growing demand.

The restructuring reflects BofA’s third-place position in global investment banking revenue for 2025, with a 6% market share, slightly down from 6.1% in the prior year. The bank’s M&A rankings dropped from fourth to fifth, while equity capital markets saw a modest decline, contrasted by growth in debt capital markets and loans. Additional leadership changes included Karim Assef as global investment banking chair and Lisa Clyde as co-head of global capital markets. These adjustments underscore a strategic pivot toward strengthening middle-market integration and client engagement.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The 1-day return was 0.98%, with a total return of 31.52% over 365 days. This indicates the strategy captured some short-term momentum but also reflected market volatility and potential timing risks.