Bank Of America Corp Q4 2017 Earnings Boost Shares

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The institutional investor held 382,153 shares of the major banks company at the end of 2017Q3, valued at $9.68 million, up from 319,666 at the end of the previous reported quarter. Virtu Financial Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $325.23B market cap company. Overall, 124.25 Million shares exchanged hands versus its average trading volume of 67.73 Million shares.

The bank traded with a lower rating against some of its rivals, while the return for the quarter was 7.8%, compared with 8.1% at the end of the third quarter and below 10% of the theoretical value of the capital.

Wellington Management Group Llp increased its stake in Tenaris S A (TS) by 8.03% based on its latest 2017Q3 regulatory filing with the SEC. The fund owned 92,976 shares of the financial services provider's stock after purchasing an additional 31,999 shares during the quarter.

Banks and other creditors had nearly 18 billion euros ($22 billion) of exposure to Steinhoff at the end of March. The stock increased 1.87% or $0.63 during the last trading session, reaching $34.29.

One weak spot among banks engaged in investment banking activities was fixed income trading, and Bank of America was no exception. Huntsman Corporation (NYSE:HUN) has risen 91.88% since January 18, 2017 and is uptrending.

On 10/31/2016 Bank of America announced a quarterly dividend of $0.08 1.82% with an ex dividend date of 11/30/2016 which will be payable on 12/30/2016.

Several other large investors have also added to or reduced their stakes in BAC. Employees Retirement Association Of Colorado holds 1.78 million shares.

Shares of Bank of America Corp (BAC) opened at $31.18 on Thursday. Bank of America's dividend payout ratio (DPR) is 27.91%. Plancorp accumulated 0.64% or 85,402 shares. Winslow Evans And Crocker, a Massachusetts-based fund reported 14,730 shares. Eagle Mngmt Llc has invested 1.71% in Bank of America Corporation (NYSE:BAC). Finally, Zacks Investment Research raised shares of Bank of America from a "hold" rating to a "buy" rating and set a $33.00 target price on the stock in a research note on Tuesday, January 2nd. Perella Weinberg Prtn Mgmt Lp has 354,723 shares.

On 9/21/2017 Murray Ross Orr, Director, bought 2,097 with an average share price of $0.05 per share and the total transaction amounting to $104.85. Pl Advsr Lc reported 41,500 shares or 0.27% of all its holdings. Stockholders of record on Friday, December 1st were paid a $0.12 dividend.

In terms of earnings per share, 21 analysts have a 0.56 EPS mean target for the quarter ending Mar-18, for the quarter ending Jun-18, 21 analysts have a 0.60 EPS mean target and for the quarter ending Jun-18 there are 29 estimates of 2.36 EPS. Atlantic Securities upgraded the shares of BAC in report on Wednesday, December 21 to "Overweight" rating. As per Wednesday, July 13, the company rating was initiated by Berenberg.

1/4/2018 - Bank of America was upgraded by analysts at Credit Suisse Group AG to an "outperform" rating. The rating was maintained by Robert W. Baird with "Hold" on Tuesday, January 2. The stock of Bank of America Corporation (NYSE:BAC) earned "Outperform" rating by Wells Fargo on Thursday, September 10. Inc. purchased a new stake in Bank of America during the 2nd quarter valued at about $2,081,000. It also reduced its holding in Select Sector Spdr Tr (XLE) by 510,764 shares in the quarter, leaving it with 550,100 shares, and cut its stake in Ishares Tr (Put) (IWM). Analysts had expected bond and equity revenue of $1.65 billion and $869 million, respectively. Therefore 45% are positive. The stock of Tenaris S.A. (NYSE:TS) has "Outperform" rating given on Wednesday, January 20 by Macquarie Research. The stock of Huntsman Corporation (NYSE:HUN) earned "Buy" rating by Jefferies on Tuesday, October 17. J.P. Morgan announced a $2.4 billion charge. The company was maintained on Friday, July 7 by RBC Capital Markets. Vetr has "Buy" rating and $18.59 target. The rating was downgraded by Wood on Monday, May 16 to "Market Perform". Vanguard Group Inc is the second biggest holder with 664 million shares now valued at 16.82 B million whilst State Street Corp has 434 million shares valued at 11.00 B million. Bessemer Grp Inc owns 120,025 shares.

Investors sentiment decreased to 1 in Q3 2017. Its up 0.22, from 0.92 in 2017Q2. 97 funds opened positions while 258 raised stakes. Amg National Tru Bancorp stated it has 0.4% in Bank of America Corporation (NYSE:BAC). Carroll Finance Associates stated it has 250 shares. The company was maintained on Tuesday, December 5 by Raymond James. One Association owns 575,280 shares or 1.02% of their United States portfolio.

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