Maple Securities Usa Inc Exits Position in Bank of America Corp (BAC)

Bank of America Corp (BAC) : Maple Securities Usa Inc has sold out all of its stake in Bank of America Corp during the most recent quarter, according to the disclosure filed by the company on Apr 13, 2016 with the SEC. The investment management company has sold out 18,600 shares of Bank of America Corp which is valued at $260,400.

Bank of America Corp opened for trading at $13.85 and hit $14.24 on the upside on Monday, eventually ending the session at $14.17, with a gain of 1.21% or 0.17 points. The heightened volatility saw the trading volume jump to 8,19,98,236 shares. Company has a market cap of $146,314 M.

Other Hedge Funds, Including , Gradient Investments boosted its stake in BAC in the latest quarter, The investment management firm added 506 additional shares and now holds a total of 3,790 shares of Bank of America Corp which is valued at $53,060. Bank of America Corp makes up approx 0.01% of Gradient Investments’s portfolio. Oakwood Capital Managementca sold out all of its stake in BAC during the most recent quarter. The investment firm sold 346,689 shares of BAC which is valued $4,853,646.Abner Herrman Brock boosted its stake in BAC in the latest quarter, The investment management firm added 272,723 additional shares and now holds a total of 624,869 shares of Bank of America Corp which is valued at $8,104,551. Bank of America Corp makes up approx 2.05% of Abner Herrman Brock’s portfolio.Community Trust Investment Co boosted its stake in BAC in the latest quarter, The investment management firm added 973,369 additional shares and now holds a total of 1,055,178 shares of Bank of America Corp which is valued at $13,685,659. Bank of America Corp makes up approx 1.77% of Community Trust Investment Co’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.