Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Bank Of America Layoffs – 30K Confirmed

Bank of America layoffs are being labeled by the company as a “strategy of focusing all of its resources on serving individuals, companies, and institutional investors”. The Bank of America layoffs’ is the latest victim of the company’s reorganization effort, started early this year.

Bank of America Corp (NYSE:BAC)

Albeit the timeline for the layoffs is a couple of years, the reorganization will start next month.

The hedge funds with the most holdings in BAC include Bruce Berkowitz’s Fairholme Fund, with nearly 100 million shares; John Paulson’s Paulson & Co. with nearly 90 million shares; and Eric Mindich’s Eton Park Capital, with nearly 22 million shares.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!