The stock decreased 2.77% or $0.85 during the last trading session, reaching $29.8. BAC has 99.25M volume or 29.22% up from normal. Barclays upped their price objective on Bank of America from $28.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 2nd. BAC outperformed by 16.63% the S&P 500.
Investors sentiment increased to 1.19 in Q4 2017.
On 1/31/2018 announced a Quarterly dividend of $0.12 1.6% with an ex dividend date of 3/1/2018 which will be payable on 3/2/2018. Mckinley Ltd Company Delaware stated it has 0.18% of its portfolio in Netflix, Inc. Cortland Associate Mo invested in 5,430 shares. Sold All: 19 Reduced: 39 Increased: 44 New Position: 33.
Among 13 analysts covering Bank of America (NYSE:BAC), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive.
After billions in fines and payouts to regulators and investors in the years after the financial crisis, Bank of America has moved away from securitizing and servicing residential mortgages. Bluefin Trading Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $304.68 billion market cap company. The stock rating was maintained by Robert W. Baird with "Hold" on Tuesday, January 2. Lakeview Cap Prtn owns 1.04% invested in Bank of America Corporation (NYSE:BAC) for 48,003 shs. Jefferies maintained it with "Buy" rating and $2800 target in Friday, August 11 report. Bank of America had 17 analyst reports since October 31, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with "Buy" rating and $36.0 target in Thursday, December 21 report.
A customer uses a Bank of America ATM near the company's headquarters in Charlotte, N.C., Tuesday, July 7, 2015.
Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on April 16, through 11:59 p.m. ET on April 23. Its up 0.15, from 1.04 in 2017Q3. It is positive, as 66 investors sold BAC shares while 561 reduced holdings. 585 grew stakes while 162 funds acquired stakes. Roanoke Asset Mgmt Corp Ny owns 209,189 shares for 2.95% of their portfolio. Dowling Yahnke Ltd Co invested 0.87% in Bank of America Corporation (NYSE:BAC). Js Capital Management Llc bought 50,000 shares as the company's stock declined 1.20% with the market. Element Cap Limited Liability holds 783,502 shs or 0.57% of its capital. Pennant Capital Ltd Liability holds 706,721 shares or 1.89% of its portfolio. Spc Finance reported 0.1% stake. Funds hold 6.85 billion shares thus 0.98% less from 2017Q3's 6.91 billion shares. State Board Of Administration Of Florida Retirement System invested 1.1% in Bank of America Corporation (NYSE:BAC). 68,388 were accumulated by Ipg Investment Ltd Limited Liability Company. Channing Mngmt Ltd owns 198,390 shares for 0.2% of their portfolio.
Shares of the second-largest USA bank by assets rose 1 per cent in premarket trading. Swedbank reported 6.46M shares. Its up 900% from 9,900 shares previously. It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 366,500 shares in the quarter, for a total of 375,000 shares, and has risen its stake in General Mtrs Co (NYSE:GM). Qualcomm Inc (NASDAQ:QCOM) was raised too.
Bank of America's upbeat earnings echoed the relatively strong results it and other banks reported in fourth-quarter results earlier this year, and similar reports on Friday from JPMorgan Chase and Citigroup. They expect $0.59 earnings per share, up 43.90 % or $0.18 from last year's $0.41 per share. BAC's profit could hit $6.03 billion if the current earnings per share of $0.59 is accurate. Bnp Paribas Arbitrage Sa holds 0.29% in Bank of America Corporation (NYSE:BAC) or 5.69 million shares.
Analysts await Esperion Therapeutics, Inc. It closed at $0.48 lastly.
Esperion Therapeutics, Inc., a lipid management company, focuses on developing and commercializing oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol. The company was maintained on Friday, February 2 by Morgan Stanley.