These tech stocks are a buy ahead of their earnings reports, Bank of America says
Bank of America says there are several technology stocks that have more room to run heading into their next quarterly results.
On October 14, 2026, Bank of America Corp., a Director and 10% Owner of PIMCO California Municipal Income Fund (PCQ), reported two transactions involving the fund's shares in a SEC Form 4 filing. The bank bought shares worth approximately $16,260 and later sold shares valued at about $15,423 on the same day. The acquisition consisted of 2,000 common shares at $8.1303 per share, while the subsequent sales were of the same number of shares, occurring at prices between $7.7016 and $7.715.
Consequently, the reporting person's beneficial ownership in the fund's common shares became zero. PCQ currently trades at $7.95, close to its 52-week low of $7.57. Despite recent price fluctuations, the fund offers a dividend yield of 5.43%, having consistently paid dividends for 26 consecutive years, making it an attractive investment for subscribers of InvestingPro.
The filing was jointly prepared by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Bank of America Corporation indirectly holds ownership in the securities through its 100% stake in the subsidiary, Merrill Lynch. The reporting persons disclaim any beneficial ownership of the reported securities, except for their financial interest.
Lastly, any potential profits from the transactions, should the Reporting Persons have exceeded 10% beneficial ownership, have been or will be returned to the Issuer.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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