Greystone Investment Management buys $8,890,782 stake in Bank of America Corp (BAC)

Bank of America Corp (BAC) : Greystone Investment Management scooped up 10,395 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 630,105 shares of Bank of America Corp which is valued at $8,890,782.Bank of America Corp makes up approximately 3.79% of Greystone Investment Management’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 , Capital Management Associates Ny reduced its stake in BAC by selling 1,035 shares or 4.83% in the most recent quarter. The Hedge Fund company now holds 20,400 shares of BAC which is valued at $287,844. Bank of America Corp makes up approx 0.51% of Capital Management Associates Ny’s portfolio.Lee Danner Bass Inc reduced its stake in BAC by selling 3,296 shares or 22.15% in the most recent quarter. The Hedge Fund company now holds 11,583 shares of BAC which is valued at $168,648. Bank of America Corp makes up approx 0.02% of Lee Danner Bass Inc’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in BAC by selling 482 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 45,787 shares of BAC which is valued at $691,842. Bank of America Corp makes up approx 0.22% of First National Bank Trust Co Of Newtown’s portfolio.Valley National Advisers Inc boosted its stake in BAC in the latest quarter, The investment management firm added 4,345 additional shares and now holds a total of 10,315 shares of Bank of America Corp which is valued at $155,860. Bank of America Corp makes up approx 0.08% of Valley National Advisers Inc’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.

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.

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