Sunday, 18 November, 2018


BofA's profit rises on higher interest rates, loan growth

Bank of America 1Q Equity Trading Increases 38 Bank of America 1Q Equity Trading Increases 38
Conrad Doyle | 16 April, 2018, 20:26

This represents a $0.48 annualized dividend and a dividend yield of 1.61%. It is positive, as 66 investors sold BAC shares while 561 reduced holdings. Farmers And Merchants Invs holds 0.56% or 259,855 shares in its portfolio.

Bluefin Trading Llc, which manages about $1.65 billion US Long portfolio, decreased its stake in At&T Inc (NYSE:T) by 192,123 shares to 285,777 shares, valued at $11.11M in 2017Q4, according to the filing. Whittier Tru owns 145,378 shs or 0.15% of their United States capital. Lakeview Cap Prtn owns 1.04% invested in Bank of America Corporation (NYSE:BAC) for 48,003 shs. Channing Capital Mgmt Limited Co accumulated 198,390 shares or 0.2% of the stock. Tiger Limited Co reported 4.03% of its portfolio in Bank of America Corporation (NYSE:BAC).

Meditor Group Ltd holds 19.68% of its portfolio in Esperion Therapeutics, Inc. for 2.32 million shares. Sterling Mgmt holds 3.71% or 117,858 shs. Moreover, Amica Mutual Ins Communication has 0.91% invested in Bank of America Corporation (NYSE:BAC) for 312,335 shares.

Private Wealth Advisors Inc. lifted its holdings in Bank of America (NYSE:BAC) by 10.7% in the fourth quarter, according to its most recent disclosure with the SEC. The Manufacturers Life Insurance Company now owns 44,136,977 shares of the financial services provider's stock valued at $1,070,762,000 after purchasing an additional 9,612,342 shares during the period. Mu Invests holds 0.05% or 2,400 shares in its portfolio. Cumberland Partners Ltd holds 2.05% in Bank of America Corporation (NYSE:BAC) or 526,475 shares. The legal version of this story can be viewed at https://registrarjournal.com/2018/04/16/arlington-value-capital-llc-cuts-stake-in-bank-of-america-bac.html. Hanson Mcclain Inc, a California-based fund reported 31,908 shs. Analysts expect change of 43.90 % or $0.18 from previous year's $0.41 earnings per share compared to current's $0.59 earnings per share. BAC's profit will be $6.03B for 12.63 P/E if the $0.59 EPS becomes a reality.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 17th. Bank of America also said non-interest expense fell $196 million, or 1%, to $13.9 billion, improving the company's efficiency ratio to 60%. 77% are bullish. With $37 highest and $24.0 lowest [Target] Bank of America has $33.63 average [Target] or 12.85% above the current ($29.8) price. BAC outperformed by 16.63% the S&P500. Zacks Investment Research raised Bank of America from a "hold" rating to a "buy" rating and set a $33.00 target price on the stock in a report on Tuesday, January 2nd. Ghp Investment Advisors holds 0.22% or 52,168 shs. The new policy made Bank of America one of several USA financial institutions to break ties with gunmakers following the February 14 mass shooting massacre at Marjory Stoneman Douglas High School in Parkland, Florida. Wells Fargo maintained it with "Buy" rating and $35.0 target in Wednesday, December 20 report. BMO Capital Markets raised their target price on Bank of America to $34.00 and gave the company an "average" rating in a research note on Thursday, January 18th. On Tuesday, January 9 the rating was maintained by Sandler O'Neill with "Buy". Nomura maintained the stock with "Buy" rating in Monday, October 16 report. Bank of America has an average rating of "Buy" and an average target price of $30.97. The firm earned "Market Perform" rating on Monday, May 16 by Keefe Bruyette & Woods. The rating was maintained by Raymond James with "Buy" on Tuesday, December 5. The company was maintained on Friday, October 6 by Wedbush. The company rating was maintained by RBC Capital Markets on Wednesday, December 6.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide.The company has $304.68 billion market cap. Revenues were up 4% to $23.1bn thanks to strong performance from the consumer banking and wealth and investment management divisions.

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