Bank of America Corp DE Purchases 1,163,577 Shares of The Western Union Company $WU

Bank of America Corp DE significantly increased its stake in The Western Union Company ($WU) by 43.5% in the first quarter, acquiring an additional 1.16 million shares. Despite this, analysts largely maintain a "Strong Sell" rating with a consensus price target of $7.55, and the company recently missed quarterly earnings estimates. Western Union is pursuing growth through its Intermex acquisition and Stablecard digital initiative, but faces regulatory hurdles and weak earnings forecasts.