Bank of America Corp (BAC) : Frigate Ventures Lp scooped up 2,336,500 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 13, 2016. The investment management firm now holds a total of 2,610,500 shares of Bank of America Corp which is valued at $36.2 Million.Bank of America Corp makes up approximately 23.62% of Frigate Ventures Lp’s portfolio.
Other Hedge Funds, Including , Private Advisor Group reduced its stake in BAC by selling 64,759 shares or 14.65% in the most recent quarter. The Hedge Fund company now holds 377,294 shares of BAC which is valued at $5.2 Million. Bank of America Corp makes up approx 0.26% of Private Advisor Group’s portfolio.Baldwin Brothers Incma boosted its stake in BAC in the latest quarter, The investment management firm added 88,168 additional shares and now holds a total of 492,417 shares of Bank of America Corp which is valued at $6.8 Million. Bank of America Corp makes up approx 1.23% of Baldwin Brothers Incma’s portfolio.Boston Financial Mangement Inc reduced its stake in BAC by selling 91,350 shares or 72.45% in the most recent quarter. The Hedge Fund company now holds 34,741 shares of BAC which is valued at $490,196. Bank of America Corp makes up approx 0.07% of Boston Financial Mangement Inc’s portfolio.Community Bank Trust Waco Texas reduced its stake in BAC by selling 6,825 shares or 4.98% in the most recent quarter. The Hedge Fund company now holds 130,297 shares of BAC which is valued at $1.9 Million. Bank of America Corp makes up approx 1.08% of Community Bank Trust Waco Texas’s portfolio.
Bank of America Corp opened for trading at $14.83 and hit $15.15 on the upside on Wednesday, eventually ending the session at $14.92, with a gain of 1.63% or 0.24 points. The heightened volatility saw the trading volume jump to 12,35,55,643 shares. Company has a market cap of $153,257 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.