Waycross Partners LLC increased its stake in Bank of America (NYSE:BAC) by 50%, purchasing an additional 25,000 shares to hold a total of 75,000 shares valued at approximately $3.87 million. Bank of America reported strong quarterly earnings, beating analyst estimates with an EPS of $0.98 and a 12.3% year-over-year revenue increase. The company also declared a quarterly dividend of $0.28 per share, maintaining a “Moderate Buy” consensus rating among analysts with a price target of $60.30.
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Waycross Partners LLC Acquires 25,000 Shares of Bank of America Corporation $BAC
Waycross Partners LLC increased its stake in Bank of America (NYSE:BAC) by 50%, purchasing an additional 25,000 shares to hold a total of 75,000 shares valued at approximately $3.87 million. Bank of America reported strong quarterly earnings, beating analyst estimates with an EPS of $0.98 and a 12.3% year-over-year revenue increase. The company also declared a quarterly dividend of $0.28 per share, maintaining a “Moderate Buy” consensus rating among analysts with a price target of $60.30.