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Moran Wealth Management LLC Invests $1.38 Million in Bank of America Corporation $BAC
Moran Wealth Management LLC recently established a new position in Bank of America (NYSE: BAC) by acquiring 25,044 shares valued at approximately $1.38 million during the fourth quarter. This comes as Bank of America exceeded Q1 expectations, reporting adjusted EPS of $1.11 against a $1.00 consensus and revenues of $30.27 billion. Despite significant insider selling over the past 90 days, institutional investors hold 70.71% of BAC stock, and analysts maintain a “Moderate Buy” rating with a consensus target price of $60.90.