Capwealth Advisors Lowers stake in Bank of America Corp (BAC)

Bank of America Corp (BAC) : Capwealth Advisors reduced its stake in Bank of America Corp by 0.57% during the most recent quarter end. The investment management company now holds a total of 866,009 shares of Bank of America Corp which is valued at $12 Million after selling 5,005 shares in Bank of America Corp , the firm said in a disclosure report filed with the SEC on May 11, 2016.Bank of America Corp makes up approximately 3.09% of Capwealth Advisors’s portfolio.

Other Hedge Funds, Including , Balentine reduced its stake in BAC by selling 4,771 shares or 12.98% in the most recent quarter. The Hedge Fund company now holds 31,991 shares of BAC which is valued at $444,035. Bank of America Corp makes up approx 0.11% of Balentine’s portfolio.Hosking Partners Llp boosted its stake in BAC in the latest quarter, The investment management firm added 684,016 additional shares and now holds a total of 3,960,354 shares of Bank of America Corp which is valued at $55 Million. Bank of America Corp makes up approx 2.59% of Hosking Partners Llp’s portfolio.Profund Advisors reduced its stake in BAC by selling 103,181 shares or 24.88% in the most recent quarter. The Hedge Fund company now holds 311,509 shares of BAC which is valued at $4.4 Million. Bank of America Corp makes up approx 0.23% of Profund Advisors’s portfolio.Schooner Investment Group. reduced its stake in BAC by selling 10,000 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 30,000 shares of BAC which is valued at $423,300. Bank of America Corp makes up approx 0.84% of Schooner Investment Group.’s portfolio.Security National Trust Co boosted its stake in BAC in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 15,420 shares of Bank of America Corp which is valued at $224,515. Bank of America Corp makes up approx 0.08% of Security National Trust Co’s portfolio.

Bank of America Corp opened for trading at $13.82 and hit $14.02 on the upside on Monday, eventually ending the session at $13.93, with a gain of 0.36% or 0.05 points. The heightened volatility saw the trading volume jump to 5,78,48,601 shares. Company has a market cap of $143,088 M.

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 Keefe Bruyette to ” Mkt Perform” on May 16, 2016. 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.

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