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KBC Group NV reduces Bank of America stake by 9.5% to 8.27 million shares.
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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.
Points clés
- 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
Généré par IA à partir de sources d'actualités publiques. Ceci n'est pas un conseil financier.
