Moynihan Buys 30,000 Shares of BofA (BAC) Stock

FBN reports that Bank of America (BAC) CEO Brian Moynihan recently bought 30,000 shares of common stock in the company, according to a regulatory filing, a possible signal to Wall Street that the executive believes the bank’s stock is undervalued. Moynihan paid about $13.02 a share in three separate installments totaling about $390,000.

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