Bank of America Corporation (NYSE:BAC) To Sell PE Investments?

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tdp2664 E money daily It has been reported that Bank of America Corporation (NYSE:BAC) is in talks to sell a portion of their private equity investments. Bank of America Corporation (NYSE:BAC) To Sell PE Investments? The Times has reported that Bank of America Corporation (NYSE:BAC)'s Merrill Lynch unit is in talks to sell a portfolio of private equity investments to Partners Group Holding AG (PGHN), a Swiss financial- services company. This move is a part of a wider plan of Bank of America Corporation (NYSE:BAC) to raise capital. The report said that some of the investments are managed by third-party funds including North Cove Partners. Bank of America Corp. (NYSE:BAC) shares were at 6.61 at the end of the last day’s trading. There’s been a 6.8% movement in the stock price over the past 3 months. Bank of America Corp. (NYSE:BAC) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.25 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.3 Zack’s Rank: 3 out of 15 in the industry