Dorato Capital Management Acquires New Position in Bank of America Corporation $BAC

Dorato Capital Management recently acquired a new position in Bank of America (NYSE: BAC), purchasing 19,957 shares valued at approximately $1,047,000, making it their 28th largest holding. This move comes as institutional ownership in BAC remains high at 70.71%, with several major funds increasing their stakes. Wall Street analysts generally have a “Moderate Buy” rating for BAC, citing rising net interest income and a substantial capital-return plan, including a $40 billion share buyback.