Bank of America Corp DE Makes New $83.33 Million Investment in Commerce Bancshares, Inc. $CBSH

Bank of America Corp DE has made a new investment of $83.33 million in Commerce Bancshares, Inc. by acquiring 1.44 million shares, now owning 1.01% of the company. This comes as Commerce Bancshares reported strong quarterly earnings, surpassing analyst expectations for both EPS and revenue. The company also declared a quarterly dividend of $0.275 per share, and institutional investors collectively own 70.26% of CBSH.