Bank of America Corp (BAC) : Arbor Investment Advisors scooped up 7 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 Apr 18, 2016. The investment management firm now holds a total of 14,626 shares of Bank of America Corp which is valued at $220,999.Bank of America Corp makes up approximately 0.13% of Arbor Investment Advisors’s portfolio.
Bank of America Corp opened for trading at $14.865 and hit $15.14 on the upside on Friday, eventually ending the session at $15.11, with a gain of 1.41% or 0.21 points. The heightened volatility saw the trading volume jump to 8,34,56,613 shares. Company has a market cap of $156,020 M.
Other Hedge Funds, Including , Cwm reduced its stake in BAC by selling 1,120 shares or 11.07% in the most recent quarter. The Hedge Fund company now holds 8,997 shares of BAC which is valued at $135,945. Bank of America Corp makes up approx 0.01% of Cwm’s portfolio.Neville Rodie Shaw Inc reduced its stake in BAC by selling 4,227 shares or 8.16% in the most recent quarter. The Hedge Fund company now holds 47,560 shares of BAC which is valued at $665,840. Bank of America Corp makes up approx 0.08% of Neville Rodie Shaw Inc’s portfolio.Gierl Augustine Investment Management Inc boosted its stake in BAC in the latest quarter, The investment management firm added 5,050 additional shares and now holds a total of 5,150 shares of Bank of America Corp which is valued at $72,100. Bank of America Corp makes up approx 0.07% of Gierl Augustine Investment Management Inc’s portfolio.Atalanta Sosnoff Capital reduced its stake in BAC by selling 2,215,204 shares or 42.71% in the most recent quarter. The Hedge Fund company now holds 2,971,655 shares of BAC which is valued at $41,603,170. Bank of America Corp makes up approx 1.30% of Atalanta Sosnoff Capital’s portfolio.West Oak Capital boosted its stake in BAC in the latest quarter, The investment management firm added 515 additional shares and now holds a total of 2,069 shares of Bank of America Corp which is valued at $26,835. Bank of America Corp makes up approx 0.02% of West Oak Capital’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 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.