Jupiter Topco LLC Purchases Shares of 2,806,686 Bank of America Corporation $BAC

Jupiter Topco LLC acquired 2.81 million shares of Bank of America (NYSE:BAC) during the second quarter, a new position valued at approximately $159.9 million. Bank of America reported strong quarterly earnings, beating estimates with $1.21 EPS and $31.56 billion in revenue, and increased its quarterly dividend to $0.32 per share. Institutional investors collectively own 70.71% of BAC, and analysts maintain a "Moderate Buy" consensus with a $64.08 price target.