Bank Of America Corp Q4 2017 Earnings Boost Shares

Donald Trump Melania Trump Barron Trump

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.

Related news:

Hot News

isis-killer-beheading-video-story-top 2017 was world's second-hottest year, federal scientists say
Jan 19, 2018 - 02:15
This was the third highest among all years in the 1880-2017 record , behind the warmest 2016 and the second warmest 2015. While 1.51°F may not sound like much of a departure from average, scientists say it can have noticeable impacts.

isis-killer-beheading-video-story-top Primark owner AB Foods maintains guidance after quarterly sales rise
Jan 19, 2018 - 02:13
Ingredients sales fell 1%, mainly due to foreign exchange headwinds, but AB Foods sees margins improving in the full year. Primark still expects to open 1.2 million sq ft in this financial year.

South Korea considers shutting down domestic cryptocurrency exchanges
Jan 18, 2018 - 14:29
With a market cap in the billions, it's no longer an investment that governments and traditional investors can ignore. That's less than half of it's all-time high of $4,053, reached in December.

isis-killer-beheading-video-story-top Senator urges Congress to protect Mueller probe from Trump
Jan 18, 2018 - 14:29
Here, too, voices must be raised now, and loudly, with Senator Mark Warner's strong comments this week in defense of Mr. In an interview published Tuesday, Warner told CNBC that firing Mueller could lead to a "constitutional crisis".

isis-killer-beheading-video-story-top Bank of Canada hikes key interest rate to 1.25%
Jan 18, 2018 - 14:28
The Bank of Canada's ... more upbeat economic outlook suggests that it will hike rates again later this year, probably in April. Trade flows are potentially at risk as the U.S., Canada and Mexico renegotiate Nafta at the behest of the Trump administration.

isis-killer-beheading-video-story-top Kevin Spacey: Scotland Yard investigates third sexual assault claim against actor
Jan 18, 2018 - 14:28
An unnamed man filed a complaint against the Oscar victor a month ago, alleging Spacey sexually assaulted him in London in 2005. In the subsequent fallout, Spacey was sacked from House of Cards and replaced in Ridley Scott's All the Money in the World .

isis-killer-beheading-video-story-top Chelsea striker search: Carroll refusing to train, Dzeko linked, Llorente laugher
Jan 18, 2018 - 14:27
It is understood Chelsea have not made a bid for Carroll, who they want on loan, but Irons boss David Moyes is bracing himself.

isis-killer-beheading-video-story-top Neymar hits four for PSG
Jan 18, 2018 - 14:27
It got worse for the visitors, who fell 3-0 in the 21st as Cavani headed home from Di Maria's cross. Neymar scored his final goal of the match in the 83rd minute on a penalty kick.

isis-killer-beheading-video-story-top Fire and Fury: Trump exposé to become television series
Jan 18, 2018 - 14:22
President Donald Trump has likely helped sales by frequently denouncing the book as fiction and threatening to sue. Fire and Fury has become that rare thing in political books: a bestseller that drives conversation.

isis-killer-beheading-video-story-top Painting competition winners are visiting PyeongChang 2018 Olympic Winter Games at Seoul
Jan 17, 2018 - 03:52
South Korea has already seized two ships suspected of smuggling oil into North Korea, in violation of sanctions in place, as well. The rogue country expressed its interest to participate in the upcoming Winter Olympics to be held at Pyeongchang, South Korea.

isis-killer-beheading-video-story-top Philippines: Mayon Volcano lava lights up sky
Jan 17, 2018 - 03:50
Level 4 means an eruption is possible "within days" while level 5 is when a hazardous eruption is under way. In 2013, five climbers were killed by falling rocks caused by a violent blast from the volcano.

Apple Watch was worried about Vikings fans' racing heart rates
Jan 17, 2018 - 03:49
Mische says one fan bought 10 raffle tickets: meaning he spent $2500 dollars for a one-in-25 chance to get to the Super Bowl. Neither could the Vikings players standing on the sideline, who just moments before were contemplating a awful loss at home.

isis-killer-beheading-video-story-top Freedom House: Georgia still most free in region
Jan 17, 2018 - 03:49
A state of emergency was declared in 2016 after the infamous failed putsch against Turkish President, Recep Tayyip Erdogan. Freedom House says it is an independent body and its assessment reflects its own examination of the data.

isis-killer-beheading-video-story-top Anthony Joshua hits back at Joseph Parker's steroid jabs
Jan 17, 2018 - 03:48
I know his strengths, he know mine. "But I got nicked on the way to training camp - for just trouble - and I got out Saturday". News broke earlier this week that Joshua will meet the New Zealander at Cardiff's Principality Stadium on March 31.

isis-killer-beheading-video-story-top Will Ferrell revives Ron Burgundy for a hilarious interview with Roger Federer
Jan 17, 2018 - 03:47
The 32-year-old, who reached the semi-finals in 2017, needed just shy of three hours to secure a match with Tennys Sandgren. Two-time Wimbledon champion Petra Kvitova lost 6-3, 4-6, 10-8 to Andrea Petkovic.