March 22, 2018

Citigroup Inc. Reiterates "Neutral" Rating for Bank of America Corporation (BAC)

13 October 2017, 05:10 | Cesar Cruz

Bank of America's third-quarter profit rises 13 percent

Bank of America Corp Leasing Space In Paris France

Tarbox Family Office Inc. boosted its position in Bank of America Corporation by 0.4% in the 2nd quarter. The hedge fund run by Matthew Knauer held 4.98M shares of the major banks company at the end of 2017Q2, valued at $120.69M, up from 1.50 million at the end of the previous reported quarter.

Citigroup Inc. reissued their neutral rating on shares of Bank of America Corporation (NYSE:BAC) in a research note released on Monday morning. Vanguard Group Inc is the second biggest holder with 661 million shares now valued at 16.05 B million whilst State Street Corp has 443 million shares valued at 10.75 B million. Shareholders of record on Friday, September 1st were given a $0.12 dividend. On Friday, July 7 the stock rating was maintained by Jefferies with "Buy". Gateway Advisory LLC boosted its position in Bank of America Corporation by 0.4% in the 2nd quarter. Idaho-based Mountain Pacific Investment Advisers Id has invested 0.03% in Bank of America Corp (NYSE:BAC). Arbor Investment Advisors LLC now owns 14,328 shares of the financial services provider's stock valued at $348,000 after buying an additional 46 shares during the last quarter.

BAC has been the topic of a number of other reports. Dana Advisors Incorporated owns 1.58% invested in Bank of America Corp (NYSE:BAC) for 1.38 million shares. American Intl Gp reported 798,682 shares stake.

Among 29 analysts covering Bank of America (NYSE:BAC), 19 have Buy rating, 0 Sell and 10 Hold. The firm earned "Neutral" rating on Wednesday, January 11 by UBS. Bank of America had 86 analyst reports since July 21, 2015 according to SRatingsIntel. (NYSE:CLH), 6 have Buy rating, 1 Sell and 7 Hold. $22.86's average target is -10.18% below currents $25.45 stock price.

TRADEMARK VIOLATION WARNING: This report was first published by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of global trademark & copyright laws.

Rishard Matthews says he'd quit National Football League if forced to stand for anthem
In fact, one player feels so strong about what his protest stands for that he'd be willing to leave the league. As minorities, what do you want to happen before we say anything? It's your right to stand or sit down.

What Historical Figures Say About Bank of America Corporation (NYSE: BAC)? The shares were sold at an average price of $24.16, for a total value of $2,096,194.08.

Golub Group Llc, which manages about $1.01 billion and $1.05 billion US Long portfolio, upped its stake in Ishares Tr (TIP) by 10,187 shares to 419,517 shares, valued at $47.59M in 2017Q2, according to the filing. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Amica Retiree Med has invested 0.7% in Bank of America Corp (NYSE:BAC).

Bank of America Corporation declared that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $12.00 billion in outstanding shares. Bank of America has $30 highest and $15 lowest target. The firm has a 50-day moving average price of $24.65 and a 200 day moving average price of $23.91.

Bank of America Corporation (NYSE:BAC) last announced its earnings results on Tuesday, July 18th. This repurchase authorization permits the financial services provider to reacquire up to 4.8% of its shares through open market purchases. The company had revenue of $22.80 billion during the quarter, compared to the consensus estimate of $21.84 billion. -Earnings Growth (Y-o-Y): 15.1% -EPS (Q3): $0.48 vs. $0.41 a year ago. The firm has a market cap of $267.64 billion, a PE ratio of 15.16 and a beta of 1.25. Bank Of America Corporation now has $270.20 billion valuation. They now have a $27.00 target price on the financial services provider's stock, up from their previous target price of $25.00. This represents a $0.48 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, August 30th. The rate the bank paid on US interest-bearing deposits was 0.24%, compared with a rock-bottom 0.11% in the prior quarter. Its up 0.02, from 1.2 in 2017Q1. LLC raised its holdings in Bank of America Corporation by 2.1% during the second quarter. Veritable L.P. raised its holdings in Bank of America Corporation by 3.6% during the second quarter. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. This led to growth in profits from consumer banking, wealth and investment management and global banking.

Other News

Trending Now

Gilead Sciences' (GILD) Overweight Rating Reaffirmed at Barclays PLC
The value of the position overall is up by 81.2%. 11,455 shares valued at $1.85M were sold by Bacus Lisa R on Wednesday, May 24. It increased, as 78 investors sold GILD shares while 538 reduced holdings. 111 funds opened positions while 603 raised stakes.

Beta test extended for two more days
So even if you splash some real-world cash, some gameplay is still required to get your Star Cards to their most powerful form. Star Wars: Battlefront II seems to be the next logical step in the evolution of DICE's multiplayer shooting franchise.

Harry Kane, Pep Guardiola Scoop Premier League Monthly Awards for September
The 24-year-old striker scored six Premier League goals for Spurs last month, plus five more in the Champions League. We have a very good relationship".

Pak court defers indictment of Nawaz Sharif in Panama Papers case
Hussain and Hassan have not appeared before the court on any hearing since the trial began last month. In the notice, both the respondents have been directed to appear before the court within 30 days.

Anadarko Petroleum Corp (AEUA) Hover Above Parabolic SAR
Anadarko Petroleum Corporation (NYSE:APC) operates in the Independent Oil & Gas segment of the Basic Materials sector. Further, company shares have been seen trading -34.53% off of the 52 week high and 20.15% away from the 52 week low.

The Latest Trailer For Netflix's 'Stranger Things' Season 2 Is Here!
Stranger Things 2 is ushering in its final trailer on Friday the 13th before the sophomore season debuts at the end of the month. It's a pretty ideal date to drop the second trailer for the nine new episodes that will come out on Friday, Oct. 27.

Things to Watch in Wells Fargo's Results
Cap Advsr Limited Limited Company accumulated 0.01% or 391 shares. 27,310 are held by Orca Investment Management Ltd. The New York-based Cohen Klingenstein Ltd Liability Corporation has invested 0.21% in Wells Fargo & Co (NYSE: WFC ).

Tagbo died of suffocation - Police reveal
Meanwhile, DJ Olu another friend of Davido that passed on recently is slated for burial on Thursday, October 12, 2017 . This outburst comes hours after the Lagos police re-invited him for questioning .

China's Sept imports from N.Korea down 37.9% as United Nations sanctions bite
Imports for the first three quarters were 3.44 million tonnes, down 9.4 percent on the same period past year , customs said. Imports rose 18.7 percent to $169.8 billion, an improvement from the previous month's 13.3 percent.

Uber lodges appeal over London ban
Uber CEO Dara Khosrowshahi has held talks with London's transport agency in a bid to keep the service operational. It comes after TFL announced its decision not to renew Uber's license after it expired on 30th September.