Things to Watch in Bank of America's Results

Bank of America

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Golub Group Llc increased Bank Amer Corp (BAC) stake by 27.3% reported in 2017Q2 SEC filing. Sound Shore Management Inc bought 970,852 shares as the company's stock declined 6.00% while stock markets rallied. Following the completion of the sale, the director now directly owns 32,188 shares of the company's stock, valued at $490,223.24. PM has lost -2.38% in the 1-month period. About shares traded. Merck & Co., Inc. CBS Corporation (NYSE:CBS) has risen 18.35% since October 12, 2016 and is uptrending. It has outperformed by 46.63% the S&P500. Pictet Asset Limited reported 0.36% in Bank of America Corp (NYSE:BAC). The company has market cap of $1.33 million. About 39.60M shares traded. Franklin Street Advisors Nc has invested 0.1% in Bank of America Corp (NYSE:BAC). It has outperformed by 41.94% the S&P500.

The average Wall Street analyst rating for Bank of America Corporation is Strong Buy, according to the average of 19 analyst scores. Therefore 66% are positive. The firm earned "Hold" rating on Wednesday, May 31 by BMO Capital Markets. Deutsche Bank AG reiterated a hold rating on shares of Regions Financial Corporation in a research note on Monday, July 3rd. Shareholders of record on Friday, September 8th were issued a $0.09 dividend.

Wells Fargo has an Outperform rating with a $30 target. The firm has "Buy" rating by Roth Capital given on Tuesday, June 6. The stock of H & R Block Inc (NYSE:HRB) earned "Equal-Weight" rating by Morgan Stanley on Wednesday, November 16.

Tracking some recent stock price action, we can see that Bank of America Corp (BAC) recently touched 25.58.

Investors sentiment decreased to 1.12 in 2017 Q2. The Beta for the company stands at 1.3 and its Average True Range (ATR) shows a value of 0.4.

ILLEGAL ACTIVITY NOTICE: "Bank of America Corporation (BAC) Holdings Trimmed by Rockland Trust Co." was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. Quantum Mgmt Limited Liability Nj holds 243,206 shares. Argent Communications stated it has 26,029 shares or 0.26% of all its holdings. Winch Advisory Serv Lc owns 9,845 shares. Moreover, Citigroup Incorporated has 0% invested in CBS Corporation (NYSE:CBS) for 5 shares. It fall, as 35 investors sold HRB shares while 126 reduced holdings. Bard Assoc holds 0.21% or 213,494 shares.

Sterling Invest stated it has 3.92% in Bank of America Corp (NYSE:BAC). Parametric Portfolio Associates Limited has 24.01 million shares for 0.72% of their portfolio. S&Co invested in 136,559 shares. It was reported on Oct, 12 by Barchart.com. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 1.15M shares. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Investorplace.com and their article: "Bet Against Bank of America Corp (BAC) Stock Ahead of Earnings and Triple Your ..." published on September 20, 2017 as well as Bloomberg.com's news article titled: "BofA Signs Lease for Paris Trading Hub Ahead of Brexit" with publication date: October 11, 2017.

Regions Financial Corporation most recently reported earnings per share (EPS) of $0.26 for the June 2017 versus $0.2 in the same quarter a year ago, representing 30% growth. BAC's profit will be $4.99 billion for 13.62 P/E if the $0.47 EPS becomes a reality.

In terms of the upcoming earnings, the consensus estimates from Thomson Reuters call for $0.45 in earnings per share (EPS) and $21.93 billion in revenue.

Swedbank decreased Blackstone Group (NYSE:BX) stake by 459,754 shares to 4.74M valued at $158.08M in 2017Q2. It also upped Transunion stake by 70,800 shares and now owns 522,500 shares.

Investors sentiment increased to 1.37 in 2017 Q2. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.86%. 21 funds opened positions while 64 raised stakes. Teachers Retirement Systems Of The State Of Kentucky holds 0.01% of its portfolio in MaxLinear, Inc. Swedbank reported 5.68 million shares or 0.92% of all its holdings. Jolley Asset Mngmt Ltd Company owns 167,843 shares for 2.85% of their portfolio. Strategy Asset Managers Limited has invested 0.14% of its portfolio in Bank of America Corp (NYSE:BAC). Three Corner Global Investors Lp sold 334,800 shares as Bank Amer Corp (BAC)'s stock declined 6.00%. Mariner Wealth Advsrs Ltd Limited Liability Company owns 39,490 shares. Boltwood Cap Mngmt reported 0.18% in Bank of America Corp (NYSE:BAC). Stellar Capital Mgmt Ltd Liability holds 62,816 shares. The stock rose 0.88% or $0.31 reaching $36.15 per share.

Among 17 analysts covering American Electric Power Company Inc. Gabelli And Inv Advisers reported 0.28% in Bank of America Corp (NYSE:BAC). Currently, the stock has a consensus analyst rating of 4.0526315789474. It has a 15.96 P/E ratio. On average, equities analysts forecast that Bank of America Corporation will post $1.80 EPS for the current year.

Among 20 analysts covering Merck & Co. American Electric Power Company Inc. had 54 analyst reports since August 18, 2015 according to SRatingsIntel. Pivotal Research downgraded the shares of CBS in report on Thursday, January 12 to "Hold" rating. Therefore 80% are positive. Goldman Sachs initiated the shares of PK in report on Thursday, January 5 with "Neutral" rating. Benchmark maintained MaxLinear, Inc. The company was maintained on Friday, August 11 by Jefferies. Nomura upgraded Bank of America Corp (NYSE:BAC) on Tuesday, September 8 to "Buy" rating. The stock of Microvision, Inc. 52,979 shares were sold by REDDY MADHUKAR, worth $1.66M on Thursday, May 25. The company was maintained on Tuesday, January 3 by Barclays Capital. Analysts have placed a $15.39 price target on Regions Financial Corporation, suggesting a 2.33% gain from recent close. Jefferies maintained CBS Corporation (NYSE:CBS) on Monday, June 12 with "Buy" rating. With 878,900 avg volume, 6 days are for Maxlinear Incorporated (NYSE:MXL)'s short sellers to cover MXL's short positions. Finish Line Inc (NASDAQ:FINL) was raised too.

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