Bank of America Corp (BAC) : Manufacturers Life Insurance Company The scooped up 3,871,175 additional shares in Bank of America Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 57,152,376 shares of Bank of America Corp which is valued at $793,274,979.Bank of America Corp makes up approximately 1.24% of Manufacturers Life Insurance Company The’s portfolio.
Other Hedge Funds, Including , First Heartland Consultants boosted its stake in BAC in the latest quarter, The investment management firm added 613 additional shares and now holds a total of 33,642 shares of Bank of America Corp which is valued at $466,951. Bank of America Corp makes up approx 0.18% of First Heartland Consultants’s portfolio.Ipg Investment Advisors reduced its stake in BAC by selling 27,681 shares or 22.4% in the most recent quarter. The Hedge Fund company now holds 95,876 shares of BAC which is valued at $1,330,759. Bank of America Corp makes up approx 0.63% of Ipg Investment Advisors’s portfolio.Renaissance Group reduced its stake in BAC by selling 2,347 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 134,944 shares of BAC which is valued at $1,904,060. Bank of America Corp makes up approx 0.08% of Renaissance Group’s portfolio.Armbruster Capital Management reduced its stake in BAC by selling 322 shares or 7.57% in the most recent quarter. The Hedge Fund company now holds 3,933 shares of BAC which is valued at $55,495. Bank of America Corp makes up approx 0.04% of Armbruster Capital Management’s portfolio.Jfs Wealth Advisors boosted its stake in BAC in the latest quarter, The investment management firm added 21,633 additional shares and now holds a total of 36,353 shares of Bank of America Corp which is valued at $529,300. Bank of America Corp makes up approx 0.15% of Jfs Wealth Advisors’s portfolio.
Bank of America Corp opened for trading at $13.82 and hit $14.02 on the upside on Monday, eventually ending the session at $13.93, with a gain of 0.36% or 0.05 points. The heightened volatility saw the trading volume jump to 5,78,48,601 shares. Company has a market cap of $143,088 M.
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 Keefe Bruyette to ” Mkt Perform” on May 16, 2016. Bank of America Corp was Downgraded by Atlantic Equities to ” Neutral” on Mar 1, 2016.
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.