Bank of America Corp DE acquired a new stake in Royal Bank of Canada. An SEC filing on September 17, 2026, disclosed the purchase of 1,213,945 shares. The acquisition occurred during the second quarter. The investment totals approximately $251.25 million. This gives Bank of America about a 0.09% ownership stake in the Canadian financial services giant.
This disclosure formed part of a series of institutional investment updates for Royal Bank of Canada. Man Group plc reported a new $38.6 million position during the second quarter. Hsbc Holdings PLC also reported a new $22.5 million position during the second quarter. Prominent financial institutions often make such large-scale investments, signaling confidence in a company's future performance and strategic direction.