Business

Bank of America Corporation (NYSE: BAC)

Bank of America Corporation (NYSE: BAC)

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Nasdaq.com which released: "Mid-Morning Market Update: Markets Open Higher; Bank of America Profit Beats ..." on October 13, 2017, also Investorplace.com with their article: "Bank of America Corp (BAC) Stock Waits for Boost From DC Tailwinds" published on September 28, 2017, Investorplace.com published: "What You Need to Know About Bank of America Corp (BAC) Stock Ahead of Earnings" on October 12, 2017. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement.

In related news, Director Frank P. Bramble sold 86,763 shares of the company's stock in a transaction on Thursday, August 10th. The Crestwood Advisors Llc holds 876,550 shares with $21.06 million value, up from 813,087 last quarter.

Percent of time added to extended-hours losses: 50%. Anchor Capital Advisors Llc sold 8,343 shares as M & T Bk Corp (MTB)'s stock declined 6.32%. PSA's profit would be $458.78M giving it 20.77 P/E if the $2.61 EPS is correct. Maple Capital Management holds 1.85% or 264,942 shares in its portfolio. Two 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 given a strong buy rating to the stock. Micron Technology Inc (NASDAQ:MU) was raised too. The original version of this report can be accessed at https://stocknewstimes.com/2017/10/13/bank-of-america-corporation-bac-earns-buy-rating-from-oppenheimer-holdings-inc.html.

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The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $264.20B. Welch Group LLC increased its position in Bank of America Corporation by 0.4% in the first quarter. Barclays Capital maintained Bank of America Corp (NYSE:BAC) on Tuesday, January 3 with "Equal Weight" rating. The firm earned "Buy" rating on Wednesday, January 27 by Argus Research. The stock was sold at an average price of $24.16, for a total value of $2,096,194.08. Its up 0.08, from 0.82 in 2017Q1. Spc Finance Inc invested 0.07% in Bank of America Corp (NYSE:BAC). The stock has "Neutral" rating by JP Morgan on Monday, October 17. Rio Tinto plc (ADR) (NYSE:RIO) has risen 43.73% since October 13, 2016 and is uptrending. Therefore 57% are positive. Canaccord Genuity maintained the stock with "Hold" rating in Wednesday, June 29 report. As per Friday, July 7, the company rating was maintained by Jefferies. Deutsche Bank maintained Bank of America Corp (NYSE:BAC) on Wednesday, August 12 with "Buy" rating. 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. For the income oriented investors, the existing payout ratio will be observed closely, providing a valuable insight into Bank of America Corporation's dividend policy. BMO Capital Markets maintained Bank of America Corp (NYSE:BAC) rating on Tuesday, July 18.

"On balance, Bank of America's results stack up better than those of peers", Instinet analyst Steven Chubak said. On Wednesday, December 28 the stock rating was maintained by Credit Suisse with "Outperform". A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that BAC is a buy, which implies that BAC is expected to outperform the market based on prior trading patterns. The rating was initiated by Wedbush with "Neutral" on Friday, October 7. The rating was maintained by Wunderlich on Thursday, September 8 with "Buy". It improved, as 39 investors sold MTB shares while 189 reduced holdings. Cypress Cap Limited Co (Wy) has invested 0% of its portfolio in Bank of America Corp (NYSE:BAC). Duff & Phelps Inv Mgmt Company invested in 0.04% or 113,725 shares. It also upped Spdr S&P 500 Etf Tr (SPY) stake by 3,685 shares and now owns 272,381 shares. Birinyi Associates owns 34,250 shares.

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