Will Bank of America’s Top-Level Meeting Make These Top Institutional Shareholders Happy?

Today, Bank of America (NYSE:BAC) Chief Executive Officer Brian T. Moynihan summoned over 100 of his regional leaders to a private meeting where they are to be pushed to increase the lender’s flagging revenue, Bloomberg reported. Managers at the two-day event located in Chicago are to be judged on the progress made in assisting to sell more products to the 53 million customers of the second-biggest U.S. lender, sources said. Revenue has declined every year of Moynihan’s three-year tenure as he sold assets, repaired the firm’s balance sheet, and settled over $40 billion in claims related to defective mortgages.

These institutional firms indicated owning shares of Bank of America in Q1 2013. They reported owning a total of 2.437 million shares on 03/31/2013. The shares closed at $12.18 on 03/31/2013.

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Here are the ten largest positions in Bank of America at the end of March 31, 2013.

Private Asset management Inc held 851,367 shares on 03/31/2013 worth $10,369,647. This brought the portfolio total to 2.23 percent.

Calvert Investment Management Inc. held 625,407 shares on 03/31/2013 worth $7,617,000. This brought the portfolio total to 1.06 percent.

Park National Corp /OH/ held 294,129 shares on 03/31/2013 worth $3,582,491. This brought the portfolio total to 0.29 percent.

Kempner Capital Management Inc. held 290,888 shares on 03/31/2013 worth $3,543,000. This brought the portfolio total to 1.41 percent.

Anderson Hoagland & Co held 283,127 shares on 03/31/2013 worth $3,448,486. This brought the portfolio total to 4.76 percent.

Neville, Rodie & Shaw Inc held 63,063 shares on 03/31/2013 worth $768,000. This brought the portfolio total to 0.09 percent.

Burke & Herbert Bank & Trust Co held 28,840 shares on 03/31/2013 worth $352,000. This brought the portfolio total to 0.43 percent.

Vanguard Group Inc held 463,816,602 shares on 12/31/2012 worth $5,384,910,590. This brought the portfolio total to 0.67 percent.

State Street Corp held 450,353,705 shares on 12/31/2012 worth $5,228,606,360. This brought the portfolio total to 0.76 percent.

Blackrock Institutional Trust Company N.A. held 287,935,454 shares on 12/31/2012 worth $3,342,930,522. This brought the portfolio total to 0.78 percent.

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