Lvm Capital Management Ltdmi Lowers stake in Bank of America Corp (BAC)

Bank of America Corp (BAC) : Lvm Capital Management Ltdmi reduced its stake in Bank of America Corp by 12.39% during the most recent quarter end. The investment management company now holds a total of 11,792 shares of Bank of America Corp which is valued at $152,942 after selling 1,667 shares in Bank of America Corp according to a report filed by the company on Apr 4, 2016 with the SEC.Bank of America Corp makes up approximately 0.05% of Lvm Capital Management Ltdmi’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group boosted its stake in BAC in the latest quarter, The investment management firm added 13,509 additional shares and now holds a total of 47,235 shares of Bank of America Corp which is valued at $640,507. Bank of America Corp makes up approx 0.14% of Beacon Financial Group’s portfolio.

On the company’s financial health, Bank of America Corp reported $0.21 EPS for the quarter, based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $19700.00 million for the quarter, compared to analysts expectations of $20317.78 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Bank of America Corp. Bank of America Corp was Downgraded by Atlantic Equities to ” Neutral” on Mar 1, 2016. Bank of America Corp was Upgraded by Credit Agricole to ” Outperform” on Jan 29, 2016. Bank of America Corp was Upgraded by Sandler O’Neill to ” Buy” on Jan 20, 2016.

Bank of America Corp opened for trading at $12.92 and hit $13.09 on the upside on Monday, eventually ending the session at $12.97, with a gain of 0.70% or 0.09 points. The heightened volatility saw the trading volume jump to 7,94,11,476 shares. Company has a market cap of $133,923 M.

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution serving individual consumers small- and middle-market businesses institutional investors corporations and Governments with a range of banking investing asset management and other financial and risk management products and services. Through its banking and various nonbank subsidiaries it provides a range of banking and nonbank financial services and products. It operates in five segments: Consumer & Business Banking which offers a range of credit banking and investment products and services to consumers and businesses; Consumer Real Estate Services which provides a line of consumer real estate products and services; Global Wealth & Investment Management which provides wealth management solutions; Global Banking which provides a range of lending-related products and services and Global Markets which offers sales and trading services.

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