Bank of America Corp. The stock decreased 2.77% or $0.85 during the last trading session, reaching $29.8. Keefe Bruyette & Woods downgraded Bank of America Corporation (NYSE:BAC) rating on Monday, May 16. It has outperformed by 16.63% the S&P500.
Stillwater Investment Management Llc increased Bank Of America Corp (BAC) stake by 52% reported in 2017Q4 SEC filing. (NASDAQ:NFLX). Rfg Advisory Group Ltd Liability holds 0.14% or 1,400 shares in its portfolio. While it led to big one-time charges last quarter, the lower rate is starting to lift bank earnings this quarter.
Jonathan Soros increased its stake in Bank Amer Corp (BAC) by 6.92% based on its latest 2017Q4 regulatory filing with the SEC.
A number of research analysts have recently issued reports on BAC shares. It has outperformed by 29.03% the S&P500.
Investors sentiment decreased to 0.77 in Q4 2017. Its up 0.19, from 1.12 in 2017Q3. It increased, as 66 investors sold BAC shares while 561 reduced holdings. 134 funds opened positions while 676 raised stakes.
Cubist Systematic Strategies Lc holds 0.11% or 71,416 shs. Finance Advisory Ser Incorporated has invested 0.15% of its portfolio in Bank of America Corporation (NYSE:BAC). Sound Shore Management Ct reported 10.04M shares. The financial services provider reported $0.47 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.03. Earnest Partners Ltd Liability Co reported 238,673 shares stake. Pcj Investment Counsel Ltd reported 0.16% stake. Cv Starr Tru has 96,726 shares for 1.25% of their portfolio. Hwg Holdings LP has invested 0.16% in Bank of America Corporation (NYSE:BAC). Reliance Trust Co. of Delaware's holdings in Bank of America were worth $1,554,000 at the end of the most recent quarter. Old Second State Bank Of Aurora reported 1.13% of its portfolio in Bank of America Corporation (NYSE:BAC). Monetary Gp holds 41,350 shares.
The bank, which is based in Charlotte, North Carolina, said its earnings per share came to US$0.62 per share in the first quarter on US$6.92bn in net income, which beat the expectations of analysts who had predicted that the bank would earn US$59 per share or US$6.3bn. Jacobs Levy Equity Inc holds 0.23% in Thor Industries, Inc.
Get access to our daily newsletters, Best Stocks List, POWR Ratings, and much more!
Bank of America is now posting a moderate gain after reporting first quarter earnings that beat analyst estimates on strong loan growth. During the same period in the previous year, the firm posted $0.40 earnings per share. THO's profit will be $143.85 million for 9.85 P/E if the $2.73 EPS becomes a reality. Credit Suisse's Susan Roth Katzke, who has always been bullish on big banks, reiterated an Outperform rating and $36 price target on Bank of America shares today, writing that the quarter was "solidly positive and supportive" of her optimism about the shares. Tci Wealth stated it has 0.22% in Bank of America Corporation (NYSE:BAC). Therefore 73% are positive.
Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. On Friday, September 23 the stock rating was maintained by CLSA with "Outperform". The rating was maintained by Keefe Bruyette & Woods with "Buy" on Tuesday, December 12. Morgan Stanley maintained it with "Overweight" rating and $37 target in Friday, February 2 report. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with "Buy".
Following the Bank of America earnings release for Q1 2018, the firm's stock climbed almost 1% in premarket trading, rising as high as $30.08 per share ahead of the bell. The firm has "Neutral" rating by UBS given on Monday, October 16. The company was upgraded on Friday, January 29 by Credit Agricole.