Janus Henderson Group PLC now owns 13,598,678 shares of the financial services provider's stock valued at $329,911,000 after purchasing an additional 11,619,173 shares in the last quarter. BidaskClub upgraded Bank of America Corporation from a sell rating to a hold rating in a research report on Friday, August 4th.
Several other research analysts also recently commented on BAC. Waldron LP raised its holdings in shares of Bank of America Corporation by 112.2% during the first quarter. Icon Advisers Inc reported 897,710 shares stake.
The Charlotte-based bank said it earned $5.59 billion in the third quarter, or 48 cents per share, compared with $4.96 billion, or 41 cents per share, in the same period year ago. Tarbox Family Office Inc. raised its holdings in shares of Bank of America Corporation by 0.4% in the 2nd quarter.
The bank, America's second largest by assets, yesterday reported a 15 per cent jump in profits compared with the same time a year ago. Wealth Architects Ltd Liability Com has 27,309 shares for 0.25% of their portfolio. Northwest Investment Counselors LLC purchased a new stake in Bank of America Corporation during the second quarter valued at $100,000.
Scholtz & Company Llc, which manages about $132.60 million and $115.94M US Long portfolio, decreased its stake in Svb Financial Group (NASDAQ:SIVB) by 11,443 shares to 11,689 shares, valued at $2.06M in 2017Q2, according to the filing. Hedge funds and other institutional investors own 61.64% of the company's stock.
Collins declines gubernatorial bid, says she will stay in the Senate
Collins has been a pivotal vote in the Senate this year on defeating Republican attempts to repeal the Affordable Care Act. If there's one person in Washington who's demonstrated a willingness to buck the leadership of her own party, it's Sen.
Analysts at Credit Suisse think the stock, along with that of other banking giants, could benefit from potential tax cuts and "progress on regulatory reform ". Scholtz & Company Llc who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $272.52B market cap company. Finally, Royal Bank Of Canada reaffirmed a "buy" rating and set a $26.00 target price on shares of Bank of America Corporation in a research report on Thursday, July 20th. Guggenheim downgraded the shares of BAC in report on Tuesday, November 15 to "Neutral" rating. The stock of Bank of America Corp (NYSE:BAC) has "Underperform" rating given on Tuesday, August 25 by Macquarie Research. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company.
Bank of America shares were about 1 percent in midday trading to $25.70.
BofA's shares rose about 1 percent in premarket trade. The company has market cap of $131.42 billion. The company has a 50-day moving average price of $24.71 and a 200 day moving average price of $23.93. Bank of America Corporation has a 1-year low of $15.90 and a 1-year high of $26.30.
Bank of America Corporation (NYSE:BAC) last posted its quarterly earnings results on Friday, October 13th.
In terms of earnings per share, 25 analysts have a 0.47 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 18 analysts have a 0.46 EPS mean target and for the quarter ending Mar-18 there are 29 estimates of 1.79 EPS. Bank of America Corporation had a return on equity of 8.11% and a net margin of 20.28%.
Shanghai Masters: Nadal grinds out tough win over Dmitrov
Earlier in the afternoon, fourth seed Cilic knocked out Albert Ramos-Vinolas with a straightforward 6-3, 6-4 victory. The world No.2 was even swifter than Nadal, taking exactly an hour to see off Alexandr Dolgopolov 6-4 6-2.
Looking forward, for the quarter ending Dec-17, 13 analysts have a mean sales target of 21,910.80 million. -Earnings Growth (Y-o-Y): 15.1% -EPS (Q3): $0.48 vs. $0.41 previous year. The firm's quarterly revenue was up 2.1% compared to the same quarter past year. About 81,533 shares traded. On Tuesday, September 1 the stock rating was upgraded by Bernstein to "Buy". Parametric Portfolio Associates LLC increased its holdings in shares of Bank of America Corporation by 52.4% during the 2nd quarter.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Its down 0.03, from 1.15 in 2017Q1. The ex-dividend date was Wednesday, August 30th. This represents a $0.48 annualized dividend and a yield of 1.86%. -Revenue Change (Y-o-Y): 0.9%. Covington has invested 2% in M&T Bank Corporation (NYSE:MTB). The rating was maintained by Jefferies with "Hold" on Friday, August 18. The stock was sold at an average price of $24.16, for a total transaction of $2,096,194.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The stock decreased 0.03% or $0.11 on October 13, reaching $355.57.
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Bank of America Corporation is a bank holding company and a financial holding company. The Firm is a financial institution, serving individual clients and others with a range of banking, investing, asset management and other financial and risk management services and products.
Three skydivers killed in 'mid-air collision' over tourist beach
A statement from Skydive Australia, the company who organised the doomed skydives, released a statement following the tragedy. Paramedics and police were called to Mission Beach , a popular skydiving spot about 140km (87 miles) south of Cairns .