Sunday, 22 October, 2017

Bank of America Corporation (BAC) Earns "Buy" Rating from Oppenheimer Holdings, Inc

Wells Fargo Another disappointment for Wells Fargo
Juana Turner | 14 October, 2017, 00:35

Athena Advisors Limited has 0.48% invested in Bank of America Corp (NYSE:BAC) for 76,235 shares. With many preferring that Bank of America Corporation reinvest its earnings back into its trade to fuel future growth, a lot acknowledges a generous cash dividend payment. Insiders own 0.18% of the company's stock. About 621,606 shares traded.

Bank of America Corporation is a bank holding company and a financial holding company. It has outperformed by 41.94% the S&P500. Moreover, Pioneer Mngmt has 0.17% invested in Bank of America Corp (NYSE:BAC) for 2.08 million shares. The stock's short float is around of 1.02% and short ratio is 1.61. $3.66 million worth of Nike Inc (NYSE:NKE) was sold by PARKER MARK G.

Analysts await M&T Bank Corporation (NYSE:MTB) to report earnings on October, 18. The Crestwood Advisors Llc holds 876,550 shares with $21.06 million value, up from 813,087 last quarter. PSA's profit would be $458.78M giving it 20.77 P/E if the $2.61 EPS is correct.

Kovitz Investment Group Partners LLC grew its stake in Bank of America Corporation (NYSE:BAC) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Therefore 13% are positive. Anthem Inc had 51 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Wunderlich on Thursday, September 8 with "Buy". RBC Capital Markets has "Buy" rating and $1100 target. UBS has "Neutral" rating and $23 target. The stock of Public Storage (NYSE:PSA) earned "Outperform" rating by Raymond James on Friday, September 4. Jefferies maintained the stock with "Hold" rating in Monday, June 12 report. The firm earned "Neutral" rating on Tuesday, May 24 by Sterne Agee CRT. JPMorgan reported revenue of $26.2 billion and an EPS of $1.76. Susquehanna maintained Nike Inc (NYSE:NKE) on Friday, July 14 with "Buy" rating. The stock has "Hold" rating by Wood on Friday, March 24. Total average deposit balances increased $45 billion, or 4 percent, to $1.27 trillion total.

Investors sentiment decreased to 1.12 in 2017 Q2. Its up 0.08, from 0.82 in 2017Q1. It turned negative, as 42 investors sold NTGR shares while 52 reduced holdings. 120 funds opened positions while 577 raised stakes. Citigroup reported revenue of $18.2 billion and an EPS of $1.42. First Citizens Savings Bank Co reported 381,687 shares. Principal Financial reported 19.23 million shares.

Investec Asset Management North America Inc increased Bank Of America Corp (BAC) stake by 17.99% reported in 2017Q2 SEC filing. Eagle Ridge Invest Management reported 1.33% of its portfolio in M&T Bank Corporation (NYSE:MTB). Sound Shore Mgmt Ct has 3.59% invested in Bank of America Corp (NYSE:BAC). Bnp Paribas Arbitrage Sa invested 0.5% in Bank of America Corp (NYSE:BAC). 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. 3,316 were reported by Stanley. Pennsylvania-based Brick Kyle has invested 0.84% in Bank of America Corp (NYSE:BAC). Adell Harriman And Carpenter accumulated 17,620 shares or 0% of the stock. Alliancebernstein LP holds 63.15M shares. Arrowgrass Ptnrs (Us) Limited Partnership accumulated 957,929 shares.

Among 29 analysts covering Bank of America (NYSE:BAC), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 66% are positive.

In other Bank of America Corporation news, Director Frank P. Bramble sold 86,763 shares of the stock in a transaction dated Thursday, August 10th.

Vetr upgraded shares of Bank of America Corporation (NYSE:BAC) from a sell rating to a hold rating in a research note published on Monday. (NASDAQ:KEYW) on Wednesday, February 15 with "Outperform" rating. The firm has "Overweight" rating given on Wednesday, November 11 by Barclays Capital. The total amount of shares outstanding is 10.38 billion, giving the company a market capitalization of about 264.20 billion. The rating was downgraded by Wood to "Market Perform" on Monday, May 16. During last 3 month period, 10.64% of total institutional ownership has changed in the company shares. BidaskClub upgraded Bank of America Corporation from a "hold" rating to a "buy" rating in a report on Friday, July 7th. It also upped Apollo Global Mgmt Llc (NYSE:APO) stake by 25,000 shares and now owns 250,000 shares. Vanguard Intl Equity Index F (VWO) was raised too.

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