BofA Considers Selling Blackrock Stake

Bank of America (BAC) may sell its 34 percent stake in the world’s largest asset-management firm Blackrock. From Bank of America’s perspective, this is very consistent with CEO Brian Moynihan’s overall message to “slim down the firm to the core assets that he wants to own: consumer, wealth management and investment banking,” Charles Kantor, portfolio manager at Neuberger Berman, told CNBC’s “The Strategy Session” on Monday. (BLK) – CNBC

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