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L & S Advisors Inc Lowers Stake in Bank of America Corporation $BAC
L & S Advisors Inc significantly reduced its holdings in Bank of America Corporation (NYSE:BAC) by 59.2% in the third quarter, selling 337,886 shares. Despite this, several other institutional investors increased their stakes in the financial services provider. The article also highlights various news stories impacting Bank of America, ranging from positive developments like a new rewards program and art consulting service to neutral and negative sentiments, including Warren Buffett trimming his stake.