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Johnson Financial Group Buys New Stake in Bank of America Based on Q2 Filing

Bank of America logoBank of America
Sig1.22Sen+0.95Env0.00Soc0.00Gov0.00

Johnson Financial Group Inc. bought 12,621 shares of Bank of America worth about $719,000, adding a new stake via its Q2 13F filing. Analysts cited include Evercore’s outperform view with a $63 price target and Daiwa raising its target to $61. Market commentary about crowded positioning suggests any broader pullback could pressure sentiment, mainly for preferreds.

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