Bank of America Corporation Announces 15% Increase In Q3 Earnings

Reuters

Reuters

The PEG for Bank of America Corporation is gauging a 1.41, signposting the future growth of the company's earnings. About 621,606 shares traded. Anthem Inc (NYSE:ANTM) has risen 31.86% since October 13, 2016 and is uptrending. It has underperformed by 30.84% the S&P500. The Investec Asset Management North America Inc holds 528,653 shares with $12.83M value, up from 448,056 last quarter. Bank Amer Corp Com now has $271.94B valuation. Natl Invest Wi invested in 73,423 shares or 1.87% of the stock. It has outperformed by 41.94% the S&P500. Therefore 66% are positive.

Like other banks that reported Thursday, Bank of America also scored a modest increase in overall loans. The stock of Bank of America Corp (NYSE:BAC) has "Market Perform" rating given on Monday, May 16 by Keefe Bruyette & Woods. The rating was upgraded by Atlantic Securities to "Overweight" on Wednesday, December 21. Finally, Royal Bank Of Canada reissued a "buy" rating and issued a $26.00 price target on shares of Bank of America Corporation in a report on Thursday, July 20th. RBC Capital Markets maintained Anthem Inc (NYSE:ANTM) on Monday, October 2 with "Buy" rating. As per Tuesday, October 6, the company rating was maintained by Oppenheimer. Spc Financial accumulated 10,825 shares or 0.07% of the stock. BMO Capital Markets maintained Bank of America Corp (NYSE:BAC) rating on Friday, October 6.

Investors sentiment decreased to 1.12 in Q2 2017. Shareholders of record on Friday, September 1st were issued a $0.12 dividend. It dropped, as 79 investors sold BAC shares while 543 reduced holdings.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAC. 531,976 were reported by Regentatlantic Ltd Liability Corporation. Dubuque Retail Bank owns 10,929 shares for 0.06% of their portfolio. Tiffany & Co (NYSE:TIF) was reduced too. AQR Capital Management LLC raised its holdings in shares of Bank of America Corporation by 21.3% during the first quarter. Smith Moore, a Missouri-based fund reported 9,038 shares. Moreover, Baring Asset Mgmt Limited has 0.18% invested in Nike Inc (NYSE:NKE) for 46,302 shares. This is an increase from Bank of America Corporation's previous quarterly dividend of $0.08. Federated Pa accumulated 123,434 shares. Ronna Sue Cohen reported 39,864 shares or 0.72% of all its holdings. Yacktman Asset Lp reported 1.11 million shares.

Bank of America Corporation (BAC) reported a profit for its third quarter that climbed compared to the same period past year.

BAC stock was up 1% as of Noon Friday and is up 17% year-to-date.

Dsam Partners Llp, which manages about $562.21 million US Long portfolio, upped its stake in Ingevity Corp by 63,917 shares to 152,318 shares, valued at $8.74 million in 2017Q2, according to the filing. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. BidaskClub raised Bank of America Corporation from a "hold" rating to a "buy" rating in a report on Friday, July 7th. Vetr upgraded Bank of America Corporation from a "hold" rating to a "buy" rating and set a $24.52 price target for the company in a report on Thursday, June 15th. Welch Group LLC now owns 10,035 shares of the financial services provider's stock worth $237,000 after purchasing an additional 42 shares during the period. Bank of America Corporation presently has a consensus rating of "Buy" and an average target price of $24.88. Wood maintained the shares of BAC in report on Friday, April 7 with "Outperform" rating. The stock of NetGear, Inc. Jefferies maintained the stock with "Hold" rating in Monday, June 12 report.

Bank of America Corporation holds a quick ratio of *tba with a current ratio of *tba.

Since May 1, 2017, it had 0 insider purchases, and 14 selling transactions for $1.74 million activity. $32,763 worth of NetGear, Inc. FALCON MICHAEL F sold 1,563 shares worth $71,377. (NASDAQ:NTGR) shares were sold by Graham Jef. Its down 0.54, from 1.53 in 2017Q1. Icon Advisers Inc reported 897,710 shares stake. Cypress Cap Limited Co (Wy) has invested 0% of its portfolio in Bank of America Corp (NYSE:BAC). Metropolitan Life New York reported 21,802 shares. Nuveen Asset Mngmt Lc holds 554,601 shares. (NASDAQ:NTGR). Prudential Fin Inc stated it has 0% in NetGear, Inc. Ifc Fl invested in 0.13% or 28,373 shares. Peak6 Invests Lp owns 68,239 shares for 0.02% of their portfolio.

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