Published: Thu, October 12, 2017
Worldwide | By Isabel Fisher

Bank of America Corporation (NYSE:BAC) Quarterly Analysis


The institutional investor held 869,995 shares of the consumer services company at the end of 2017Q2, valued at $26.89 million, down from 887,980 at the end of the previous reported quarter. The company has market cap of $2.73 billion. It closed at $25.61 lastly. Entest Biomedical Inc (OTCMKTS:ENTB) has 0.00% since October 11, 2016 and is. It has outperformed by 1.65% the S&P500.

Sound Shore Management Inc increased its stake in Bank Of America Corporatio (BAC) by 12.05% based on its latest 2017Q2 regulatory filing with the SEC. Golub Group Llc acquired 217,520 shares as Bank Amer Corp (BAC)'s stock declined 6.00%. The stock declined 1.01% or $0.26 reaching $25.57 on the news. About 28.22 million shares traded.

Bank of America Corporation declared that its board has authorized a stock buyback program on Wednesday, June 28th that allows the company to repurchase $12.00 billion in outstanding shares. It has outperformed by 41.94% the S&P500. Equities research analysts predict that Regions Financial Corporation will post $1.00 EPS for the current year. H & R Block had 27 analyst reports since August 25, 2015 according to SRatingsIntel.

The stock of Park Hotels & Resorts Inc (NYSE:PK) is a huge mover today! The firm earned "Buy" rating on Sunday, August 13 by Keefe Bruyette & Woods. On Wednesday, November 16 the stock rating was downgraded by Robert W. Baird to "Neutral". The company was initiated on Tuesday, May 3 by Sterne Agee CRT. BMO Capital Markets maintained the stock with "Hold" rating in Friday, October 6 report. The company was maintained on Friday, August 11 by Jefferies. They set an outperform rating and a $30.00 price objective for the company. The rating was upgraded by Macquarie Research on Tuesday, September 1 to "Hold". The stock has "Outperform" rating by Wells Fargo on Thursday, August 10.

Investors sentiment decreased to 1.12 in 2017 Q2. Stockholders of record on Friday, September 1st were given a $0.12 dividend. It worsened, as 9 investors sold Microvision, Inc. shares while 5 reduced holdings. 37 funds opened positions while 52 raised stakes. Bp Public has 0.16% invested in American Electric Power Company Inc (NYSE:AEP). Hbk Invests Limited Partnership invested in 0.03% or 150,622 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 1.15M shares. Lmm Ltd Liability Co invested in 0.31% or 288,000 shares. Highstreet Asset Incorporated holds 0.45% or 170,932 shares. Hexavest Inc owns 2.63M shares. Norinchukin Natl Bank The reported 393,000 shares or 0.2% of all its holdings. Private Advisor Grp Limited Liability Com holds 4,114 shares. Atlanta Gru holds 0.45% or 112,874 shares. Hm Payson has invested 0.01% in H & R Block Inc (NYSE:HRB). Stellar Capital Mgmt Ltd Liability holds 62,816 shares.

Since June 15, 2017, it had 0 insider buys, and 2 insider sales for $428,059 activity. It also increased its holding in General Electric Co (NYSE:GE) by 14,164 shares in the quarter, for a total of 131,473 shares, and has risen its stake in International Business Machines Corp (NYSE:IBM).

As you can see in the chart above, the estimates on Bank of America's third-quarter earnings range between a low of 43 cents per share and a high of 48 cents per share.


More news for Copart, Inc.

Analysts await H & R Block Inc (NYSE:HRB) to report earnings on December, 6. Sun Life Financial INC now owns 8,841 shares of the bank's stock worth $129,000 after buying an additional 8,832 shares in the last quarter. The bank reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01.

Investors sentiment decreased to 2.29 in 2017 Q2. Its up 8.06, from 1.2 in 2017Q1. It is negative, as 79 investors sold BAC shares while 543 reduced holdings.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Advsr Asset Mgmt holds 56,631 shares or 0.02% of its portfolio. The stock rose 0.88% or $0.31 reaching $36.15 per share. Northwestern Mutual Wealth reported 300 shares stake. Holowesko Prtn accumulated 2.77 million shares.

Let's take a look at some historical average volume information on shares of Bank of America Corp (BAC). Franklin Resource invested in 0.19% or 15.64M shares.

Citigroup Inc. restated their neutral rating on shares of Regions Financial Corporation (NYSE:RF) in a report published on Monday. This is a positive change from Bank of America Corporation's previous quarterly dividend of $0.08. Bank Amer Corp now has $270.99B valuation. Strategy Asset Managers Limited has invested 0.14% of its portfolio in Bank of America Corp (NYSE:BAC). The Ohio-based Winfield Associate has invested 0.12% in Bank of America Corp (NYSE:BAC). Jolley Asset Mngmt Ltd Company owns 167,843 shares for 2.85% of their portfolio. Mendon Capital Advisors reported 450,600 shares. About 35.71 million shares traded. Afam Inc reported 269,771 shares. Next up are Bank of America Corp (NYSE:BAC), PNC Financial Services Group Inc (NYSE:PNC), and Wells Fargo & Co (NYSE:WFC), which are all slated to report earnings ahead of tomorrow's open. Therefore 100% are positive. The firm has "Hold" rating given on Tuesday, September 13 by Societe Generale. The company was maintained on Monday, October 9 by Citigroup. As per Friday, October 6, the company rating was maintained by RBC Capital Markets.

Bank of America Corporation's average Book Value per Share Growth Rate was 5.1 percent during the past 12 months. Alliancebernstein L P holds 11,200 shares or 0% of its portfolio. RBC Capital Markets has "Buy" rating and $26 target. On Wednesday, January 20 the stock rating was upgraded by Sandler O'Neill to "Buy".

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