Bank of America executive Scrivener sells $2.49 million in stock By Investing.com

(NYSE:BAC) Chief Operations Executive Thomas M. Scrivener sold 50,000 shares of common stock on March 5, 2026, for a total of $2.49 million. The shares were sold at prices ranging from $49.82 to $49.83, slightly above the current stock price of $48.64.

Following the transaction, Scrivener directly owns 227,973 shares of Bank of America. The sale comes as the stock trades at a P/E ratio of 12.7, and according to InvestingPro analysis, the shares are trading near their Fair Value. Despite this insider sale, InvestingPro Tips reveal that management has been aggressively buying back shares, and the bank has raised its dividend for 12 consecutive years. Investors can access 8 additional ProTips and comprehensive analysis through the platform’s detailed Pro Research Report.

In other recent news, Bank of America announced plans to redeem all ¥27.8 billion principal amount of its 0.534% Fixed/Floating Rate Senior Notes on March 18. This move is part of the bank’s $65 billion Euro Medium-Term Note Program. In another development, Bank of America is collaborating with Mavis Tire Express Services Corp. for a potential $2 billion initial public offering, alongside Goldman Sachs. Additionally, Bank of America has formed a strategic partnership with the London Stock Exchange Group to integrate data and analytics capabilities across its platforms.

The bank has also increased CEO Brian Moynihan’s compensation to $41 million for 2025, a 17% raise from the previous year, with equity incentive awards making up the majority of the package. Furthermore, Bank of America has initiated a bond sale, offering six-year fixed- and floating-rate notes and an 11-year fixed-rate security. These recent developments highlight Bank of America’s ongoing strategic initiatives and financial activities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.