Neutral
KBC Group NV reduces Bank of America stake by 9.5% to 8.27 million shares.
KBC Group NV has decreased its holdings in Bank of America by 9.5%, now owning 8.27 million shares valued at approximately $403.3 million. This reduction follows Bank of America's strong Q2 2026 earnings report, which showed a 36% year-over-year increase in earnings per share to $1.21 and a 15% rise in revenue to $31.6 billion. Despite the positive financial performance, the stock experienced a slight decline of 1% in premarket trading, possibly due to profit-taking after the earnings announcement.
Key points
- KBC Group NV reduces Bank of America stake by 9.5% to 8.27 million shares.
- Bank of America reports Q2 2026 earnings with 36% increase in EPS and 15% rise in revenue.
- Bank of America's stock declines 1% in premarket trading despite strong earnings.
Sources
AI-generated from public news sources. Not financial advice.
