Bank of America reports higher earnings, to open more bank branches

Share

Capital Advantage Inc. lessened its position in Bank of America (NYSE:BAC) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). Lowe Brockenbrough &, a Virginia-based fund reported 17,538 shares. Segall Bryant Hamill Limited Liability Corp, a Illinois-based fund reported 41,490 shares. Teacher Retirement System of Texas lifted its position in Bank of America by 1.9% during the third quarter. Brick & Kyle Associate invested 1.07% in Bank of America Corporation (NYSE:BAC). Regal Investment Advsrs Ltd Liability stated it has 0.4% in Bank of America Corporation (NYSE:BAC). Hall Laurie J Trustee invested in 0.24% or 14,074 shares. Rwc Asset Llp reported 662,740 shares. Asset Mgmt Advsr Limited Liability Corp accumulated 177,550 shares or 4.39% of the stock. (NASDAQ:NFLX) shares. On Monday, March 19 BARTON RICHARD N sold $220,066 worth of Netflix, Inc. Bnp Paribas Arbitrage Sa holds 0.29% in Bank of America Corporation (NYSE:BAC) or 5.69 million shares.

Strategic Wealth Advisors Groupinc decreased its stake in Bank Amer Corp (BAC) by 9.83% based on its latest 2017Q4 regulatory filing with the SEC. Thompson Davis & Co sold 20,260 shares as the company's stock declined 1.20% with the market. The hedge fund run by Bruce Kovner held 550,000 shares of the major banks company at the end of 2017Q4, valued at $16.24M, down from 2.15M at the end of the previous reported quarter. Adjusted revenue rose almost 4% to $23.1 billion. The stock decreased 1.29% or $0.76 during the last trading session, reaching $58.07.

BAC traded down $0.13 during midday trading on Monday, reaching $29.67. BAC is uptrending and has moved 28.18% since April 16, 2017. It has outperformed by 16.63% the S&P500. Kempner Cap Mngmt holds 321,897 shares.

Читайте также: NFL Veteran James Harrison Announces He's Retiring

Lourd Capital Llc has cut its stake in and also reduced its holding in by shares in the quarter, for a total of shares.

Bank of America Corp. shares are down as much as 1.1 percent in mid-morning trading, after the bank reported record first-quarter profits, helped by cost-cutting and after Chief Executive Officer Brian Moynihan flagged "solid USA consumer activity". The financial services provider reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.03. BAC stock has posted seven straight quarterly wins, although it is now in the red this quarter. Birinyi Assocs has 0.21% invested in Bank of America Corporation (NYSE:BAC). Therefore 77% are positive. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. $33.63's average target is 12.85% above currents $29.8 stock price. 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. On Tuesday, December 12 the stock rating was maintained by Bernstein with "Buy". The stock of Bank of America Corporation (NYSE:BAC) has "Buy" rating given on Tuesday, August 11 by Vetr. However, company executives on Monday said Bank of America still ranks among the largest US taxpayers. The firm has "Hold" rating by BMO Capital Markets given on Tuesday, July 18.

Jefferies analysts said BofA results looked best among peers that have reported so far. On Thursday, June 1 the stock rating was maintained by Credit Suisse with "Buy". The stock has an average rating of "Buy" and a consensus price target of $30.97. RBC Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Wednesday, December 6 with "Buy" rating.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Share