Bank of America Corporation $BAC Stake Raised by Alta Advisers Ltd
Alta Advisers Ltd significantly increased its stake in Bank of America (BAC) by 86.2% in the third quarter, holding shares valued at $2.63 million. This comes despite Bank of America missing its latest quarterly EPS and revenue estimates and facing negative sentiment from lawsuits, regulatory scrutiny, and bearish options traders. Analysts, however, maintain a "Moderate Buy" consensus rating with an average price target of $62.48.
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