Capstone Investment Advisors Adds $12M in Bank of America Corporation ($BAC)
Key Points
- Capstone Investment Advisors changed its Bank of America Corporation ($BAC) stake by 866.95% last quarter, boosting to 242,897 shares worth $13.84 million.
- $BAC last traded around $56.98.
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Capstone Investment Advisors increased its position in Bank of America Corporation ($BAC) by 866.95% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 242,897 shares of Bank of America Corporation after buying 217,777 shares during the quarter. Capstone Investment Advisors's holdings in Bank of America Corporation were worth $13.84 million as of its most recent filing.
Bank of America Corporation Stock Down 8.6%
Shares of Bank of America Corporation ($BAC) traded around $56.98 on Saturday, down 8.6% for the day.
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About Bank of America Corporation
Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, checking accounts, and investment accounts and products; credit and debit cards; residential mortgages and home equity loans; and direct and indirect loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, and underwriting and advisory services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.
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