Jd Capital Management adds Bank of America Corp (BAC) to its portfolio

Bank of America Corp (BAC) : Jd Capital Management added new position in Bank of America Corp during the most recent quarter end. The investment management firm now holds 430,900 shares of Bank of America Corp which is valued at $6 Million , the company said in a statement filed on May 13, 2016 with the SEC.Bank of America Corp makes up approximately 54.51% of Jd Capital Management’s portfolio.

Other Hedge Funds, Including , Moneta Group Investment Advisors reduced its stake in BAC by selling 8,884 shares or 46.41% in the most recent quarter. The Hedge Fund company now holds 10,257 shares of BAC which is valued at $142,367. Bank of America Corp makes up approx 0.03% of Moneta Group Investment Advisors’s portfolio.Lvw Advisors reduced its stake in BAC by selling 85 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 12,572 shares of BAC which is valued at $174,499. Bank of America Corp makes up approx 0.06% of Lvw Advisors’s portfolio.Ifc Holdings Incorporatedfl boosted its stake in BAC in the latest quarter, The investment management firm added 3,909 additional shares and now holds a total of 67,565 shares of Bank of America Corp which is valued at $953,342. Bank of America Corp makes up approx 0.12% of Ifc Holdings Incorporatedfl’s portfolio.Meridian Management Co boosted its stake in BAC in the latest quarter, The investment management firm added 76,605 additional shares and now holds a total of 191,507 shares of Bank of America Corp which is valued at $2.7 Million. Bank of America Corp makes up approx 1.66% of Meridian Management Co’s portfolio.Terra Nova Asset Management reduced its stake in BAC by selling 5,850 shares or 3.25% in the most recent quarter. The Hedge Fund company now holds 174,420 shares of BAC which is valued at $2.5 Million. Bank of America Corp makes up approx 2.86% of Terra Nova Asset Management’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.

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