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Roffman Miller Cuts Stake in Bank of America Shares

Bank of America logoBank of America
Sig2.65Sen-0.40Env0.00Soc0.00Gov-2.20

Roffman Miller Associates reduced its Bank of America position by 7.2% in the second quarter, per a Form 13F filing. Bank of America reported Q2 EPS of $1.21 versus $1.13 expected and revenue of $31.56 billion versus $30.78 billion, and it declared a quarterly dividend of $0.32 to record holders on Sept. 4. Separately, the SEC is reportedly investigating margin lending tied to a hedge fund after a 67% drawdown, with the bank among subpoenaed lenders.

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