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Bank of America reported strong Q4 earnings, despite mixed institutional investor activity.
Bank of America saw mixed institutional investment activity in Q4, with some firms like Future Financial Wealth Management reducing their holdings by 24.3%, while others like Accent Capital Management increased their stake by 43.0%.
The company reported better-than-expected Q4 earnings of $0.81 per share, beating estimates by $0.03, with revenue at $25.30 billion.
Analysts are largely positive, with multiple upgrades and increased price targets.
Institutional investors now own 70.71% of Bank of America's stock.
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Bank of America reportó fuertes ganancias Q4, a pesar de la actividad mixta de los inversores institucionales.