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American multinational banking and financial services corporation
The Bank of America Corporation is an American multinational bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was formed by the merger of NationsBank and the legacy corporation of Bank of America in 1998. It is the second-largest banking institution in the United States by consolidated assets, after JPMorgan Chase. It is also the second-largest bank in the world by market capitalization, after JPMorgan Chase.
More on Wikipedia ↗Penguin Solutions is likely to be a major beneficiary of the potential agentic AI boom, which should support its share growth, per Bank of America.
Bank of America initiates Penguin Solutions at Buy with a $100 target, citing agentic AI demand after a 68% jump in fiscal Q4 2026 net sales.