Clearstead Advisors LLC increased its stake in Bank of America (NYSE:BAC) by 8.5% in Q3, holding 148,566 shares valued at $7.665 million. Bank of America is strategically focusing on private-credit deals and a new Direct Markets Group for ultra-high-net-worth clients to boost fee income and lending yields. The company recently announced a quarterly dividend of $0.28, and analysts currently rate BAC as a “Moderate Buy” with a consensus price target of $60.30.
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Bank of America Corporation $BAC Shares Acquired by Clearstead Advisors LLC
Clearstead Advisors LLC increased its stake in Bank of America (NYSE:BAC) by 8.5% in Q3, holding 148,566 shares valued at $7.665 million. Bank of America is strategically focusing on private-credit deals and a new Direct Markets Group for ultra-high-net-worth clients to boost fee income and lending yields. The company recently announced a quarterly dividend of $0.28, and analysts currently rate BAC as a “Moderate Buy” with a consensus price target of $60.30.