Published: Sat, January 13, 2018
Finance | By Loren Pratt

Bank of America (NYSE:BAC) Upgraded to Outperform by Credit Suisse Group


The institutional investor held 210,721 shares of the major banks company at the end of 2017Q3, valued at $5.34M, down from 280,721 at the end of the previous reported quarter. Acting as the blue chip in today's trade, Bank of America Corporation's existing market cap value showcases its prevailing assets, capital and revenues.

Bank of America Corporation (BAC) exchanged hands at an unexpectedly low level of 59.09 million shares over the course of the day. Waters Parkerson And Co Llc holds 1.00M shares. Williams Jones & Associates Limited Co owns 1.04% invested in Bank of America Corporation (NYSE:BAC) for 1.67 million shares. With 516,200 avg volume, 3 days are for Suncoke Energy Incorporated (NYSE:SXC)'s short sellers to cover SXC's short positions.

According to Zacks Investment Research, Chesapeake Energy Corporation has a Consensus Recommendation of 3.5. About 869,105 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 113.73% since January 13, 2017 and is uptrending. It has outperformed by 15.73% the S&P500.

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.09, from 0.94 in 2017Q2. It improved, as 13 investors sold SunCoke Energy, Inc. shares while 50 reduced holdings. Finally, First Command Financial Services Inc. raised its position in shares of Bank of America by 10.0% during the 4th quarter. Goldman Sachs has invested 0% in Carbonite, Inc. Vetr upgraded Bank of America Corporation (NYSE:BAC) on Monday, August 24 to "Buy" rating. First Command Financial Services Inc. now owns 19,963 shares of the financial services provider's stock worth $589,000 after buying an additional 1,807 shares in the last quarter. 139,102 were reported by Amp Cap Investors Limited. (NYSE:SXC) for 16,287 shares. Wealthfront, a California-based fund reported 420,621 shares. Its up 11.24% from 121.67 million shares, reported previously. Wolverine Asset Mngmt Ltd Liability Company invested in 0.01% or 31,760 shares. (NASDAQ:TRIP). The Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0.02% in TripAdvisor, Inc. Susquehanna Int Group Llp has 0% invested in Carbonite, Inc. Gendell Jeffrey L invested in 5.23% or 2.58M shares. Bainco Interest holds 0.03% of its portfolio in Carbonite, Inc. (NYSE:CTLT) for 1.38M shares. Asset Management has 6,357 shares for 0.01% of their portfolio. Delta Asset Management Lc Tn stated it has 10,585 shares. Bremer Trust National Association now owns 51,694 shares of the financial services provider's stock worth $1,526,000 after buying an additional 3,636 shares in the last quarter. On Monday, April 24 the stock rating was downgraded by Berenberg to "Hold". Therefore 56% are positive. KMG Chemicals had 8 analyst reports since August 12, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with "Equal Weight" rating in Tuesday, January 3 report. The firm has "Outperform" rating by Macquarie Research given on Thursday, February 16. The company has also vertically integrated its operations and owns substantial marketing, midstream and oilfield services businesses directly and indirectly through its subsidiaries Chesapeake Energy Marketing, Inc., Chesapeake Midstream Development, L.P. and Chesapeake Oilfield Services, L.L.C. and its affiliate Chesapeake Midstream Partners, L.P. Wood has "Market Perform" rating and $16 target. The company was maintained on Thursday, August 10 by Wells Fargo. The firm operates in three divisions: U.S. It has a 44.19 P/E ratio. It has a 17.85 P/E ratio. The firm offers metallurgical and thermal coal.


The Stock now has Analyst' mean Recommendation of 2.1 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. Massachusetts-based Granite Point Cap Mgmt Limited Partnership has invested 0.34% in Bank of America Corporation (NYSE:BAC).

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It turned negative, as 68 investors sold BAC shares while 569 reduced holdings. Sheets Smith Wealth Management raised its position in shares of Bank of America by 28.0% during the 4th quarter. D E Shaw And Company invested 0.2% of its portfolio in Bank of America Corporation (NYSE:BAC). (NASDAQ:CARB) for 67,757 shares. Wealth Architects Ltd Limited Liability Company has invested 0.24% in Bank of America Corporation (NYSE:BAC). Suffolk Capital accumulated 1.17% or 350,895 shares. Bank of America earned a coverage optimism score of 0.16 on Accern's scale. Spark Investment Mgmt has 0.13% invested in KMG Chemicals, Inc. State Treasurer State Of Michigan, Michigan-based fund reported 2.98 million shares.

It's ROA is valued at 0.80% marking the total profit the company generates as a percentage of the value of its total assets. Arrowmark Colorado Hldgs Ltd Llc stated it has 421,300 shares or 0.12% of all its holdings. The current share price of Bank of America Corporation is valued at $30.55 with a change in price of 0.93%. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.87% invested in Bank of America Corporation (NYSE:BAC). Narrowing our focus to the previous 1 month, the shares have been up by 13.55%. (BAC), Micron Technology, Inc. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Therefore 75% are positive. Royal Bank of Canada reissued a "buy" rating and set a $30.00 price objective on shares of Bank of America in a report on Friday, December 8th. On Tuesday, December 5 the stock rating was maintained by Raymond James with "Buy". The rating was maintained by Oppenheimer with "Buy" on Friday, August 4. The stock of General Electric Company (NYSE:GE) has "Buy" rating given on Monday, October 23 by Citigroup. The firm earned "Neutral" rating on Wednesday, August 26 by UBS. As per Sunday, July 23, the company rating was maintained by Renaissance Macro Securities LLC. Credit Suisse maintained Bank of America Corporation (NYSE:BAC) on Thursday, June 1 with "Buy" rating. BMO Capital Markets has "Hold" rating and $29.0 target.

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