Bank of America Corp (BAC) : Salzhauer Michael added new position in Bank of America Corp during the most recent quarter end. The investment management firm now holds 759,897 shares of Bank of America Corp which is valued at $11,064,100 , the company said in a statement filed on Apr 26, 2016 with the SEC.Bank of America Corp makes up approximately 9.16% of Salzhauer Michael’s portfolio.
Bank of America Corp opened for trading at $14.58 and hit $14.78 on the upside on Monday, eventually ending the session at $14.77, with a gain of 1.44% or 0.21 points. The heightened volatility saw the trading volume jump to 6,88,82,814 shares. Company has a market cap of $152,510 M.
Other Hedge Funds, Including , Sonata Capital Group Inc sold out all of its stake in BAC during the most recent quarter. The investment firm sold 12,698 shares of BAC which is valued $184,883.Old Second National Bank Of Aurora reduced its stake in BAC by selling 97 shares or 8.84% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of BAC which is valued at $15,110. Bank of America Corp makes up approx 0.01% of Old Second National Bank Of Aurora’s portfolio.Mitchell Mcleod Pugh Williams Inc reduced its stake in BAC by selling 2,100 shares or 8.14% in the most recent quarter. The Hedge Fund company now holds 23,709 shares of BAC which is valued at $358,243. Bank of America Corp makes up approx 0.28% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Leavell Investment Management reduced its stake in BAC by selling 850 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 30,650 shares of BAC which is valued at $463,122. Bank of America Corp makes up approx 0.07% of Leavell Investment Management’s portfolio.Gemmer Asset Management reduced its stake in BAC by selling 487 shares or 3.85% in the most recent quarter. The Hedge Fund company now holds 12,167 shares of BAC which is valued at $170,338. Bank of America Corp makes up approx 0.10% of Gemmer Asset Management’s portfolio.
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 Corp was Upgraded by Credit Agricole to ” Outperform” on Jan 29, 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.