Bank of America Corp (BAC) : Capital Fund Management S.a. scooped up 5,188,258 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 2, 2016. The investment management firm now holds a total of 5,459,380 shares of Bank of America Corp which is valued at $77,031,852.Bank of America Corp makes up approximately 1.34% of Capital Fund Management S.a.’s portfolio.
Bank of America Corp opened for trading at $13.83 and hit $14.14 on the upside on Friday, eventually ending the session at $14.11, with a gain of 0.43% or 0.06 points. The heightened volatility saw the trading volume jump to 7,65,95,123 shares. Company has a market cap of $144,937 M.
Other Hedge Funds, Including , Burney Co reduced its stake in BAC by selling 5,282 shares or 9.43% in the most recent quarter. The Hedge Fund company now holds 50,753 shares of BAC which is valued at $716,125. Bank of America Corp makes up approx 0.05% of Burney Co’s portfolio.Tci Wealth Advisors boosted its stake in BAC in the latest quarter, The investment management firm added 847 additional shares and now holds a total of 9,873 shares of Bank of America Corp which is valued at $143,751. Bank of America Corp makes up approx 0.08% of Tci Wealth Advisors’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in BAC by selling 2,018,719 shares or 43.61% in the most recent quarter. The Hedge Fund company now holds 2,610,622 shares of BAC which is valued at $38,010,656. Bank of America Corp makes up approx 0.31% of Public Employees Retirement Association Of Colorado’s portfolio.Rockefeller Financial Services Inc reduced its stake in BAC by selling 296 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 34,088 shares of BAC which is valued at $496,321. Bank of America Corp makes up approx 0.01% of Rockefeller Financial Services Inc’s portfolio.Hl Financial Services reduced its stake in BAC by selling 10,961 shares or 4.84% in the most recent quarter. The Hedge Fund company now holds 215,433 shares of BAC which is valued at $3,136,704. Bank of America Corp makes up approx 0.08% of Hl Financial Services’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 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.