Moran Wealth Management Invests $1.38M in Bank of America

The institutional investor purchased 25,044 shares of the financial services provider's stock.

Apr. 20, 2026 at 9:44am

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An extreme close-up of gleaming, intricate banking machinery and mechanisms, conveying the secure, powerful infrastructure of the financial industry without using any text or symbols.Moran Wealth Management's substantial investment in Bank of America highlights the enduring appeal of the financial giant's institutional strength and growth potential.Charlotte Today

Moran Wealth Management LLC purchased a new position in Bank of America Corporation (NYSE:BAC) during the fourth quarter, according to the company's most recent 13F filing with the SEC. The institutional investor purchased 25,044 shares of the financial services provider's stock, valued at approximately $1,377,000.

Why it matters

This investment highlights the continued confidence in Bank of America from institutional investors, despite broader economic uncertainty. Moran Wealth Management's move reflects their belief in the bank's long-term growth potential.

The details

Other hedge funds have also recently bought and sold shares of Bank of America. Brighton Jones LLC grew its stake in the company by 30% in the 4th quarter, while Sivia Capital Partners LLC and Jump Financial LLC also increased their positions during the year. Insider transactions have also been notable, with several executives selling shares in recent months.

  • Moran Wealth Management purchased the shares in the fourth quarter of 2025.
  • The 13F filing disclosing the investment was made public on April 20, 2026.

The players

Moran Wealth Management LLC

An institutional investor that purchased a new position in Bank of America Corporation.

Bank of America Corporation

A multinational financial services company headquartered in Charlotte, North Carolina that provides banking, investment, asset management, and other financial services.

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The takeaway

This investment by Moran Wealth Management underscores the continued institutional interest in Bank of America, despite broader economic uncertainty. The bank's diversified financial services offerings and strong market position continue to attract investors seeking long-term growth opportunities.