Amundi increases stake in Bank of America during Q1
2 reports, 1 independent
Updated Fri 00:00
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AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Amundi grew its holdings in Bank of America by 12.5% during the first quarter. The firm now owns 42,385,115 shares of the financial services provider’s stock, valued at $2,066,274,000, after purchasing an additional 4,721,969 shares.
From themarketsdaily.com
Why it matters
This institutional investment occurs amid other significant trading activity in Bank of America shares. For instance, Legal & General Group Plc bought a new stake in the bank during the second quarter, and Deutsche Bank AG also acquired a new stake during that period.
From themarketsdaily.com
Who's involved
- Bank of AmericaThe financial services provider whose stock was purchased by Amundi.
- AmundiThe institutional investor that increased its shareholding in Bank of America.
Keep exploring
The entities involved
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Bank of America
American multinational banking and financial services corporation
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Amundi
French subsidiary jointly created by Crédit Agricole and Société Générale
Related events
- Cisco filed disclosures with the SEC, and Amundi adjusted its holdings in Cisco stock.
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- On August 31, 2026, Truist Financial reiterated a buy rating on Amentum, while Bank of America cut its price objective. Additionally, Norges Bank purchased a new stake in Amentum, which was subsequently filed with the SEC.
- Penumbra filed reports with the SEC, and Amundi increased its position in Penumbra stock.