Bank of America Pours $22 Billion into Amazon Stakes
Bank of America Corp DE has acquired a significant stake in Amazon.com, Inc. (NASDAQ:AMZN) by purchasing 93,223,020 shares during the 2nd quarter.
The value of these shares is approximately $22,218,775,000, which accounts for about 1.4% of Bank of America Corp DE's holdings, making Amazon.com its 14th largest holding.
This acquisition indicates a significant confidence in Amazon's growth and expansion plans.