Bank of America Corp (BAC) : Pelham Capital Ltd. scooped up 15,000 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 3, 2016. The investment management firm now holds a total of 385,000 shares of Bank of America Corp which is valued at $5,432,350.Bank of America Corp makes up approximately 2.05% of Pelham Capital Ltd.’s portfolio.
Other Hedge Funds, Including , Northern Oak Wealth Management Inc boosted its stake in BAC in the latest quarter, The investment management firm added 50,366 additional shares and now holds a total of 351,838 shares of Bank of America Corp which is valued at $4,964,434. Bank of America Corp makes up approx 1.13% of Northern Oak Wealth Management Inc’s portfolio.Farmers Merchants Investments Inc reduced its stake in BAC by selling 7,000 shares or 4.05% in the most recent quarter. The Hedge Fund company now holds 165,815 shares of BAC which is valued at $2,339,650. Bank of America Corp makes up approx 0.27% of Farmers Merchants Investments Inc’s portfolio.Private Capital Management Inc boosted its stake in BAC in the latest quarter, The investment management firm added 18,100 additional shares and now holds a total of 82,200 shares of Bank of America Corp which is valued at $1,242,042. Bank of America Corp makes up approx 1.10% of Private Capital Management Inc’s portfolio.Exencial Wealth Advisors boosted its stake in BAC in the latest quarter, The investment management firm added 2,087 additional shares and now holds a total of 33,896 shares of Bank of America Corp which is valued at $512,169. Bank of America Corp makes up approx 0.24% of Exencial Wealth Advisors’s portfolio.
Bank of America Corp opened for trading at $14.08 and hit $14.33 on the upside on Tuesday, eventually ending the session at $14.3, with a gain of 2.22% or 0.31 points. The heightened volatility saw the trading volume jump to 5,98,70,530 shares. Company has a market cap of $146,888 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 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.