Strategy
BofA CEO Takes Stock In The Bank
Bryan Moynihan, the chief executive officer of
Bank of America, has purchased $390,000 worth of stock in the
company.
In a filing with the US Securities and Exchange Commission, it
was shown that Moynihan bought 30,000 shares of common stock in
23 August, 7,200 of which were worth $13.0295 each, 10,000 at
$13.02 each, and 12,800 at $13.0293 each. This brings the CEO's
total holdings to over 449,000 shares, estimated to be worth $5.8
million.
Moynihan stepped in as CEO early this year, replacing Kenneth
Lewis. Prior to his current position, he was president of global
wealth and investment management at the bank.
