Allspring Global Investments Boosts Stake in Bank of America

Asset manager increases holdings in major U.S. bank by 9.4% in Q4

Mar. 31, 2026 at 7:20am

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Allspring Global Investments Holdings LLC increased its stake in shares of Bank of America Corporation (NYSE:BAC) by 9.4% in the fourth quarter, according to the company's latest SEC filing. The fund now owns 3,264,245 shares of the financial services provider's stock, valued at $182.6 million.

Why it matters

This investment move by Allspring Global Investments, a major asset management firm, signals continued confidence in Bank of America's financial performance and growth potential among institutional investors.

The details

Allspring Global Investments added 281,395 shares of Bank of America stock to its portfolio during the fourth quarter of 2025. The firm's total holdings in the bank now represent a 9.4% increase from the previous quarter. Bank of America is one of the largest holdings in Allspring's equity portfolio, reflecting the asset manager's bullish outlook on the company's prospects.

  • Allspring Global Investments increased its Bank of America stake in Q4 2025.

The players

Allspring Global Investments Holdings LLC

A major asset management firm that increased its stake in Bank of America by 9.4% in the fourth quarter.

Bank of America Corporation

A multinational financial services company headquartered in Charlotte, North Carolina that provides a range of banking, investment, and risk management products and services.

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The takeaway

Allspring Global Investments' increased investment in Bank of America suggests the asset manager sees continued growth potential in the bank, even as economic conditions remain uncertain. This vote of confidence from a major institutional investor could signal broader optimism about Bank of America's future performance.