April 26, 2018

Analysts See $0.59 EPS for Bank of America Corporation (BAC)

16 April 2018, 10:31 | Cesar Cruz

Bank of America 1Q Equity Trading Increases 38

Bank of America 1Q Equity Trading Increases 38

The Texas-based Covenant Multifamily Offices Lc has invested 0.01% in Bank of America Corporation (NYSE:BAC).

Terril Brothers Inc decreased Bank Amer Corp (BAC) stake by 24.52% reported in 2017Q4 SEC filing. "Investor expectations were rising for the market-sensitive banks, but results today look solid and consistent with recent trends", George says. The stock decreased 0.53% or $0.5 during the last trading session, reaching $93.08. About 881,895 shares traded. Replay information for Investor Conference Call 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. It has outperformed by 97.18% the S&P500.

On Monday, analysts seemed skeptical how long the bank can continue to do that as online banks - and even Goldman Sachs' consumer bank - have started to offer competitive rates. 17 are the (NYSE:BAC)'s analyst reports since October 31, 2017 according to StockzIntelligence Inc. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with "Buy". BMO Capital Markets maintained the shares of BAC in report on Friday, October 6 with "Hold" rating. The firm has "Buy" rating by Renaissance Macro Securities LLC given on Sunday, July 23.

Celtic into Scottish Cup final, on course for another treble
I would ask for the patience and ask them to keep believing but we can't keep asking it. "We have to put a performance in that is worthy of their support.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. The company was maintained on Friday, February 2 by Morgan Stanley. The company was downgraded on Thursday, December 1 by Standpoint Research. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, July 18 report. The firm has "Hold" rating given on Tuesday, November 8 by Deutsche Bank. Evercore ISI analyst Glenn Schorr dubbed the bank "the new Steady Eddie" after Monday's earnings report. Last quarter $0.47 earnings per share was reported. After $0.96 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth.

During Q4 2017 the big money sentiment increased to 1.19. Year-to-date, BAC has gained 1.80%, versus a 0.51% rise in the benchmark S&P 500 index during the same period. It turned negative, as 39 investors sold MSFT shares while 1012 reduced holdings. 585 increased holdings while 162 funds bought holdings. 953,868 are held by Fiduciary Trust Com. Aureus Asset Mngmt Ltd Liability Company owns 10,798 shs. Pettyjohn Wood White invested in 126,201 shares. Boys Arnold & Company accumulated 45,789 shares or 0.2% of the stock. The company has market cap of $1.08 billion. Fragasso Grp has invested 0.6% in Microsoft Corporation (NASDAQ:MSFT). Primecap Mgmt Com Ca holds 0.23% or 10.14 million shares. Marshall Wace Limited Liability Partnership has 0.03% invested in Netflix, Inc. Spc Inc holds 0.1% or 14,388 shares in its portfolio.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 73% are positive. Arrowgrass Capital (Us) Limited Partnership reported 0.23% of its capital in Bank of America Corporation (NYSE:BAC). Bank of New York Mellon Corp now owns 104,558,690 shares of the financial services provider's stock worth $3,086,572,000 after buying an additional 5,720,403 shares during the period. UBS upgraded Bank of America Corporation (NYSE:BAC) on Wednesday, August 26 to "Neutral" rating. During the same quarter in the previous year, the business earned $0.41 EPS. BAC is uptrending and has moved 28.18% since April 16, 2017. Regal Invest Advisors Ltd Company invested 0.4% in Bank of America Corporation (NYSE:BAC). As per Wednesday, April 4, the company rating was maintained by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods with "Buy" on Tuesday, December 12.

Other News

Trending Now

IHH pips rivals with Rs 160 per share Fortis bid
The scheme is expected to increase patient numbers at private hospitals such as those run by Manipal and Fortis. It had entered India in 2002 and has so far invested over $500 million, IHH said in the proposal to Fortis.

British Jets Take off from Cyprus Base Before Hitting Targets in Syria
The BBC said May was ready to give the go-ahead for Britain to take part in action led by the United States without seeking prior approval from parliament.

CNB Bank Acquires Shares of 10224 21st Century Fox (FOXA)
A Beta is an evaluate the volatility, or systematic risk, of a security or a portfolio in contrast to the market as a whole. The price target set for the stock is $40.85, and this sets up an impressive set of potential movement for the stock.

EPS for Shire plc (SHPG) Expected At $3.58 on May, 1
VOLATILITY FACTOR: The stock remained 1.90% volatile in recent week and indicated 2.45% volatility in last month. Moreover, Putnam Invs Ltd Liability has 0% invested in Loews Corporation (NYSE:L) for 4,145 shares. (NYSE:JPM).

7 inmates dead, 17 injured in prison riot
A sign in front of the Lee Correctional Institution in Bishopville, South Carolina, is seen in this image from Google Maps. All prison staff and law enforcement were safe and accounted for the, Corrections Department said on Twitter.

BJP Releases Second List Of Candidates For Karnataka Assembly Elections
Within minutes of the list of candidates being announced by the, a full-blown revolt broke out in the ranks of the ruling party. BJP's central election committee on Sunday held a meet in New Delhi to finalise the second list of its candidates.

Inzamam's nephew Imam-ul-Haq receives maiden call-up for Ireland, England Tests
Attempting to make up for his absence will be Shadab Khan, who has played a solitary Test, against the Windies a year ago . Pakistan are the opponents for Ireland's first Test match in Malahide, with the historic game getting underway on May 11.

CJ Anderson released by Broncos, should Dolphins sign RB?
If not, the Dolphins are content with Kenyan Drake, Frank Gore and possibly selecting a running back in next week's draft. He rushed for 90 yards and a touchdown when the Broncos beat the Carolina Panthers in Super Bowl 50.

Police present report on top court judge residence attack
Chairman PPP in a statement regarded the incident as inexpiable act. "Struggle for peace and stability should continue", it said. Prime Minister Shahid Khaqan Abbasi has condemn the firing incident, directing the authorities to arrest the elements behind it.

Man City crowned Premier League champions
I've never been able to retain a title and I want to see if this team has it in it to be even more successful. We have to try to focus on our games". "I'm buzzing, over the moon, so happy".