Li Lu's position in Bank Of America is currently worth $491 Million. It makes up 27.13% of their stock portfolio and is their biggest holding. The investor's estimated purchase price is $587 Million, resulting in a loss of 16%.
Bank of America warned that the boom in revenue growth for luxury-goods retailers as pandemic restrictions eased is over.
… an effort to drum up investor interest. The sale is part … assigned an investment -grade score of Aa2 by Moody’s Investors Service …
… money expected to come from Saudi Arabia''s Public Investment … of next year. Bank of America Corp (BAC.N) is acting … biggest U.S. investments of Saudi ''...
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