Citizens Financial Group Inc. RI Raises Stake in Bank of America Corporation $BAC

Citizens Financial Group Inc. RI has increased its stake in Bank of America (BAC) by 1.0%, bringing its total holding to 1,348,048 shares valued at $74.14 million. This makes BAC its 23rd-largest holding. Bank of America recently reported strong quarterly earnings, beating expectations with an EPS of $1.11 and revenue of $30.27 billion, and announced a quarterly dividend of $0.28 per share, while analysts maintain a “Moderate Buy” rating despite recent insider share sales.

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