Bank of America Corp (BAC) : Mercer Capital Advisers scooped up 12 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 21, 2016. The investment management firm now holds a total of 16,738 shares of Bank of America Corp which is valued at $252,911.Bank of America Corp makes up approximately 0.21% of Mercer Capital Advisers’s portfolio.
Bank of America Corp closed down -0.07 points or -0.46% at $15.02 with 11,57,88,999 shares getting traded on Wednesday. Post opening the session at $15.02, the shares hit an intraday low of $14.98 and an intraday high of $15.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in BAC by selling 71,481 shares or 98.91% in the most recent quarter. The Hedge Fund company now holds 786 shares of BAC which is valued at $11,876.Raymond James Trust N.a. boosted its stake in BAC in the latest quarter, The investment management firm added 23,543 additional shares and now holds a total of 208,363 shares of Bank of America Corp which is valued at $3,148,365. Bank of America Corp makes up approx 0.28% of Raymond James Trust N.a.’s portfolio.Beacon Capital Management reduced its stake in BAC by selling 26 shares or 46.43% in the most recent quarter. The Hedge Fund company now holds 30 shares of BAC which is valued at $453.Murphy Capital Management Inc reduced its stake in BAC by selling 450 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 29,108 shares of BAC which is valued at $439,822. Bank of America Corp makes up approx 0.07% of Murphy Capital Management Inc’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.
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 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.