Bank of America Corp (BAC) : St. Johns Investment Management Company scooped up 2,975 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 Oct 17, 2016. The investment management firm now holds a total of 101,781 shares of Bank of America Corp which is valued at $1,628,496.Bank of America Corp makes up approximately 1.39% of St. Johns Investment Management Company’s portfolio.
Other Hedge Funds, Including , Ronald Blue Co reduced its stake in BAC by selling 883 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 104,032 shares of BAC which is valued at $1,664,512. Bank of America Corp makes up approx 0.07% of Ronald Blue Co’s portfolio.Bouchey Financial Group Ltd reduced its stake in BAC by selling 12,023 shares or 17.54% in the most recent quarter. The Hedge Fund company now holds 56,540 shares of BAC which is valued at $921,602. Bank of America Corp makes up approx 0.33% of Bouchey Financial Group Ltd’s portfolio.Sadoff Investment Management boosted its stake in BAC in the latest quarter, The investment management firm added 14,825 additional shares and now holds a total of 2,033,868 shares of Bank of America Corp which is valued at $32,806,291. Bank of America Corp makes up approx 3.64% of Sadoff Investment Management’s portfolio.Summit Financial Wealth Advisors reduced its stake in BAC by selling 1,423 shares or 6.7% in the most recent quarter. The Hedge Fund company now holds 19,827 shares of BAC which is valued at $319,413. Bank of America Corp makes up approx 0.14% of Summit Financial Wealth Advisors’s portfolio.West Oak Capital boosted its stake in BAC in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 2,419 shares of Bank of America Corp which is valued at $38,970. Bank of America Corp makes up approx 0.03% of West Oak Capital’s portfolio.
Bank of America Corp opened for trading at $16.15 and hit $16.23 on the upside on Friday, eventually ending the session at $16, with a gain of 1.07% or 0.17 points. The heightened volatility saw the trading volume jump to 10,88,65,677 shares. Company has a market cap of $163,277 M.
On the company’s financial health, Bank of America Corp reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $0.34. The company had revenue of $21635.00 million for the quarter, compared to analysts expectations of $21038.91 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Bank of America Corp. Bank of America Corp was Downgraded by Societe Generale to ” Hold” on Sep 13, 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.