MarketBeat Earnings
Bank of America Corp DE Purchases 240,902 Shares of PennyMac Financial Services, Inc. $PFSI
Bank of America Corp DE significantly increased its stake in PennyMac Financial Services (NYSE:PFSI) by 173.9% in the first quarter, acquiring an additional 240,902 shares. This brings their total holding to 379,429 shares, valued at approximately $33.2 million. Despite PennyMac missing its Q1 EPS consensus, its revenue saw an 11.8% year-over-year increase, and analysts maintain a "Hold" rating …