Bank of America Corporation $BAC Shares Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC increased its stake in Bank of America Corporation (NYSE:BAC) by 22.2% in the fourth quarter, now holding 70,356 shares valued at approximately $3.87 million. The institutional buying comes as Bank of America reported strong Q1 earnings, beating analyst expectations with $1.11 EPS and $30.27 billion in revenue, leading to several analysts raising their price targets and a “Moderate Buy” consensus. The company also declared a $0.28 quarterly dividend, while insiders have sold a significant amount of shares totaling around $11.09 million in the last 90 days.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin