Integral Derivatives buys $5,224,450 stake in Bank of America Corp (BAC)

Bank of America Corp (BAC) : Integral Derivatives scooped up 58,402 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 12, 2016. The investment management firm now holds a total of 373,175 shares of Bank of America Corp which is valued at $5,224,450.Bank of America Corp makes up approximately 2.13% of Integral Derivatives’s portfolio.

Bank of America Corp closed down -0.14 points or -0.99% at $14 with 8,79,58,734 shares getting traded on Friday. Post opening the session at $14.27, the shares hit an intraday low of $13.95 and an intraday high of $14.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Integrated Investment Consultants added BAC to its portfolio by purchasing 3,868 company shares during the most recent quarter which is valued at $54,152. Bank of America Corp makes up approx 0.03% of Integrated Investment Consultants’s portfolio.Trust Co Of Virginia Va boosted its stake in BAC in the latest quarter, The investment management firm added 706 additional shares and now holds a total of 12,072 shares of Bank of America Corp which is valued at $156,574. Bank of America Corp makes up approx 0.03% of Trust Co Of Virginia Va’s portfolio.Hollencrest Securities boosted its stake in BAC in the latest quarter, The investment management firm added 279 additional shares and now holds a total of 152,804 shares of Bank of America Corp which is valued at $1,981,868. Bank of America Corp makes up approx 0.35% of Hollencrest Securities’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.

Leave a Reply

Bank of America Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Bank of America Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.