Published: Sat, January 13, 2018
Worldwide | By Isabel Fisher

Bank of America Corporation (BAC) Analysts See $0.46 EPS


The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.46 by $0.02. Beaton Management Co. Inc. purchased a new stake in Bank of America during the 2nd quarter worth approximately $2,081,000. The stock increased 3.83% or $0.75 during the last trading session, reaching $20.33. It has underperformed by 10.13% the S&P500. Knightsbridge Asset Management Llc bought 62,487 shares as the company's stock declined 6.00% while stock markets rallied. The Confluence Investment Management Llc holds 489,839 shares with $102.82 million value, down from 493,947 last quarter.

Shares of Bank of America Corp (BAC) traded up $0.28 during trading hours on Wednesday, hitting $30.55.

Many analysts are providing their Estimated Earnings analysis for Bank of America Corporation and for the current quarter 22 analysts have projected that the stock could give an Average Earnings estimate of $0.44/share. About 1.49M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 11, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Investors sentiment increased to 2.03 in 2017 Q3. Stockholders of record on Friday, December 1st were given a dividend of $0.12 per share. (SNV)'s stock declined 2.76%. Buckhead Management Llc holds 1.72% or 316,275 shares in its portfolio. Amer Intll Inc reported 0.28% stake. Axa has invested 0.02% in Hyster-Yale Materials Handling, Inc. (NYSE:RSG) for 1.21M shares. 9,600 are owned by Bridgeway Mngmt. Shapiro Management Limited Co reported 6.60M shares or 3.8% of all its holdings. Bank & Trust Of Mellon Corp holds 0% in Surmodics, Inc. Lazard Asset Management owns 172,349 shares. Jpmorgan Chase & Com reported 15,428 shares. 17,600 are held by Leavell Invest Inc. (NASDAQ:SRDX) for 8,380 shares.

Several analysts have recently issued reports on BAC shares. Da Davidson, a Montana-based fund reported 236,520 shares. First Corporation In reported 0.11% stake. (NASDAQ:SRDX) for 41,263 shares. Graybill Bartz & Assoc Ltd holds 125,507 shares or 2.35% of its portfolio. The insider OLSON CHARLES W sold $22,308. The stock of Bank of America Corporation (NYSE:BAC) earned "Outperform" rating by Wood on Friday, April 7. Therefore 39% are positive. (NYSE:SNV) on Tuesday, November 29 to "Mkt Perform" rating. Wedbush maintained the stock with "Neutral" rating in Tuesday, February 21 report. (NASDAQ:SRDX) has "Outperform" rating given on Thursday, August 6 by Barrington Research.

Analysts await MetLife, Inc. They expect $0.46 earnings per share, up 15.00% or $0.06 from last year's $0.4 per share. After $1.09 actual EPS reported by MetLife, Inc. for the previous quarter, Wall Street now forecasts 1.83% EPS growth.


Shell Asset Management Co increased its stake in Hyster Yale Matls Handling I (HY) by 34.34% based on its latest 2017Q3 regulatory filing with the SEC.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.14, from 0.98 in 2017Q2. It turned negative, as 68 investors sold BAC shares while 569 reduced holdings. Arbor Investment Advisors LLC raised its stake in shares of Bank of America by 0.3% in the second quarter.

Among 14 analysts covering Republic Services (NYSE:RSG), 5 have Buy rating, 0 Sell and 9 Hold. Keefe Bruyette & Woods downgraded Bank of America Corporation (NYSE:BAC) rating on Monday, May 16. Moreover, Blackrock Inc. has 0% invested in the company for 6,883 shares. Bailard reported 0.04% in Bank of America Corporation (NYSE:BAC). Ameriprise Fincl has 60.67 million shares. Woodstock has invested 0.61% in Bank of America Corporation (NYSE:BAC). Antipodean Advisors Lc holds 7.76% of its portfolio in Bank of America Corporation (NYSE:BAC) for 363,000 shares. Old Second National Bank & Trust Of Aurora invested in 1.02% or 97,028 shares. Pathstone Family Office Ltd Liability Company holds 0.01% or 500 shares in its portfolio. 11,150 are held by Jfs Wealth Lc. Sector Pension Board owns 7.20 million shares or 0.79% of their U.S. portfolio. The legal version of this article can be viewed at https://stocknewstimes.com/2018/01/11/zacks-investment-research-upgrades-bank-of-america-bac-to-buy.html.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Of Vermont invested 0.1% of its portfolio in Bank of America Corporation (NYSE:BAC).

Since August 11, 2017, it had 0 buys, and 8 sales for $5.40 million activity. Inr Advisory Serv Ltd Liability invested 0% of its portfolio in Bank of America Corporation (NYSE:BAC). Therefore 47% are positive. Synovus Financial Corp. had 48 analyst reports since July 22, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Sunday, July 23 report. The stock now has an average rating of "Buy" and an average target price of $27.56. Wells Fargo maintained the stock with "Buy" rating in Wednesday, December 20 report. The firm has "Market Perform" rating given on Monday, October 16 by BMO Capital Markets. The firm has "Buy" rating by Jefferies given on Friday, August 11. The stock of Incyte Corporation (NASDAQ:INCY) has "Outperform" rating given on Thursday, September 29 by Raymond James. Robert W. Baird has "Hold" rating and $40.0 target. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with "Buy".

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