Bank Of America Corp (bac) Most Bought Super-regional Banks-us Stock By Number Of Institutions

Nov. 18, 2010 - PRLog -- MFFAIS.com featured their Quarterly Super-Regional Banks-Us Industry Rundown. Mffais.com compiles the statistics from recent SEC filings by mutual funds and institutions to determine the positions taken and confidence in stocks by professional mutual fund managers and institutional investors.

Highlights included:

* Bank Of America Corp (BAC) leads industry in number of funds buying shares 18.49% of industry buys

* Huntington Bancshares Inc Oh (HBAN) had the highest overall confidence score (relation of funds buying versus fund selling)

* Wells Fargo Co (WFC) had second highest number of funds buying shares 18.09% of industry buys

* Pnc Financial Services Group Inc (PNC) had the second highest overall confidence score (relation of funds buying versus fund selling)

* The top 30 moves by funds in the industry by value of trade shows:

a) 56.66% buys versus 43.33% sells
b) Wells Fargo Co (WFC) buys were 26.66% of all activity, 47.05% of number of buys and 45.36% of value of buy trades
c) Bank Of America Corp (BAC) buys were 13.33% of all activity, 23.52% of number of buys and 23.54% of value of buy trades

*  When institutions own multiple industry stocks, the most bought industry stock was Wells Fargo Co (WFC)

*  When institutions own multiple industry stocks, the most sold industry stock was Bank Of America Corp (BAC)


For details and the full report, including purchasing history and buying patterns, please visit http://www.mffais.com

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