Boyer Corporon Wealth Management buys $4.9 Million stake in Bank of America Corp (BAC)

Bank of America Corp (BAC) : Boyer Corporon Wealth Management scooped up 45,442 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 May 12, 2016. The investment management firm now holds a total of 354,624 shares of Bank of America Corp which is valued at $4.9 Million.Bank of America Corp makes up approximately 2.79% of Boyer Corporon Wealth Management’s portfolio.

Other Hedge Funds, Including , Capwealth Advisors reduced its stake in BAC by selling 5,005 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 866,009 shares of BAC which is valued at $12 Million. Bank of America Corp makes up approx 3.09% of Capwealth Advisors’s portfolio.Chartwell Investment Partners boosted its stake in BAC in the latest quarter, The investment management firm added 45,000 additional shares and now holds a total of 200,225 shares of Bank of America Corp which is valued at $2.8 Million. Bank of America Corp makes up approx 0.05% of Chartwell Investment Partners’s portfolio.Ironwood Investment Management reduced its stake in BAC by selling 32 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 11,855 shares of BAC which is valued at $167,274. Bank of America Corp makes up approx 0.11% of Ironwood Investment Management’s portfolio.Analyst Ims Investment Management Services Ltd. reduced its stake in BAC by selling 6,454 shares or 3.88% in the most recent quarter. The Hedge Fund company now holds 159,993 shares of BAC which is valued at $2.3 Million. Bank of America Corp makes up approx 0.99% of Analyst Ims Investment Management Services Ltd.’s portfolio.

Bank of America Corp closed down -0.01 points or -0.07% at $14.52 with 8,12,14,003 shares getting traded on Friday. Post opening the session at $14.64, the shares hit an intraday low of $14.43 and an intraday high of $14.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Keefe Bruyette to ” Mkt Perform” on May 16, 2016. Bank of America Corp was Downgraded by Atlantic Equities to ” Neutral” on Mar 1, 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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