Paradigm Financial Advisors buys $4,851,368 stake in Bank of America Corp (BAC)

Bank of America Corp (BAC) : Paradigm Financial Advisors scooped up 37,020 additional shares in Bank of America Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 321,070 shares of Bank of America Corp which is valued at $4,851,368.Bank of America Corp makes up approximately 2.94% of Paradigm Financial Advisors’s portfolio.

Bank of America Corp closed down -0.07 points or -0.46% at $15.02 with 11,57,88,999 shares getting traded on Wednesday. Post opening the session at $15.02, the shares hit an intraday low of $14.98 and an intraday high of $15.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Legacy Private Trust reduced its stake in BAC by selling 64,715 shares or 85.82% in the most recent quarter. The Hedge Fund company now holds 10,689 shares of BAC which is valued at $161,511. Bank of America Corp makes up approx 0.02% of Legacy Private Trust’s portfolio.Private Trust Co Na reduced its stake in BAC by selling 3,660 shares or 3.51% in the most recent quarter. The Hedge Fund company now holds 100,517 shares of BAC which is valued at $1,518,812. Bank of America Corp makes up approx 0.41% of Private Trust Co Na’s portfolio.Franklin Street Advisors Inc Nc reduced its stake in BAC by selling 3,000 shares or 5.07% in the most recent quarter. The Hedge Fund company now holds 56,214 shares of BAC which is valued at $786,996. Bank of America Corp makes up approx 0.15% of Franklin Street Advisors Inc Nc’s portfolio. Iron Financial added BAC to its portfolio by purchasing 12,778 company shares during the most recent quarter which is valued at $178,892. Bank of America Corp makes up approx 0.25% of Iron Financial’s portfolio.Capstone Asset Management Co reduced its stake in BAC by selling 53,431 shares or 6.52% in the most recent quarter. The Hedge Fund company now holds 766,039 shares of BAC which is valued at $10,724,546. Bank of America Corp makes up approx 0.31% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Bank of America Corp reported $0.21 EPS for the quarter, based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $19700.00 million for the quarter, compared to analysts expectations of $20317.78 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Bank of America Corp. Bank of America Corp was Downgraded by Atlantic Equities to ” Neutral” on Mar 1, 2016. Bank of America Corp was Upgraded by Credit Agricole to ” Outperform” on Jan 29, 2016.

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution serving individual consumers small- and middle-market businesses institutional investors corporations and Governments with a range of banking investing asset management and other financial and risk management products and services. Through its banking and various nonbank subsidiaries it provides a range of banking and nonbank financial services and products. It operates in five segments: Consumer & Business Banking which offers a range of credit banking and investment products and services to consumers and businesses; Consumer Real Estate Services which provides a line of consumer real estate products and services; Global Wealth & Investment Management which provides wealth management solutions; Global Banking which provides a range of lending-related products and services and Global Markets which offers sales and trading services.

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