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

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

First Citizens Bancshares Trust invested in 312,772 shs or 1.24% of the stock.

The second-largest US bank by assets said net income attributable to shareholders rose to $6.49 billion in the three months ended March 31 from $4.84 billion a year earlier. Grassi Investment Management who had been investing in Bank Of America for a number of months, seems to be bullish on the $304.68 billion market cap company. The stock decreased 2.77% or $0.85 during the last trading session, reaching $29.8.Bank of America Corporation is uptrending after having risen 28.18% since April 16, 2017. About 99.25 million shares traded or 29.22% up from the average. Rafferty Asset Ltd Liability has invested 1.09% in Bank of America Corporation (NYSE:BAC). The stock outperformed the S&P500 by 16.63%. In the same period a year ago, it reported EPS of $0.45 on revenue of $22.2 billion. Fcg Advsrs Ltd Liability Corp holds 19,110 shares. The company has market cap of $1.08 billion. The stock decreased 0.89% or $0.97 during the last trading session, reaching $107.55. Perella Weinberg Ptnrs Capital Mgmt Limited Partnership reported 43,273 shares. Portland Counsel Inc has 21,000 shs. It has outperformed by 97.18% the S&P500.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.19, from 1.12 in 2017Q3. It turned negative, as 39 investors sold MSFT shares while 1012 reduced holdings. "Buy" rating has 10, "Sell" are 0, while 3 are "Hold". The Ohio-based Gateway Investment Advisers Limited Liability Company has invested 1.34% in Bank of America Corporation (NYSE:BAC). Funds hold 6.85 billion shares thus 0.98% less from 2017Q3's 6.91 billion shares. Earnest Partners Ltd Liability Co reported 238,673 shares stake. The fund purchased 22,249 shares of the financial services provider's stock, valued at approximately $657,000. Cv Starr Tru has 96,726 shares for 1.25% of their portfolio.

Arlington Value Capital LLC lowered its holdings in Bank of America (NYSE:BAC) by 55.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

ILLEGAL ACTIVITY WARNING: "Sullivan Bruyette Speros & Blaney LLC Trims Holdings in Bank of America (BAC)" was originally reported by StockNewsTimes and is the property of of StockNewsTimes. Hedeker Wealth Ltd invested in 3.47% or 151,055 shares. Stillwater Investment Management Llc acquired 54,057 shares as Bank Of America Corp (BAC)'s stock declined 1.20%. Mu Invests holds 0.05% or 2,400 shares in its portfolio. Its up 900% from 9,900 shares previously.

Shire's oncology exit weighs on potential Takeda bid
Ornskov said the board will consider returning the proceeds of the sale back to shareholders through a buyback programme. Food and Drug Administration (FDA) for the treatment of ALL and early stage immuno-oncology pipeline collaborations.

Q1 2018 Supplemental Information Bank of America reported its first-quarter 2018 financial results today. During the same quarter last year, the firm earned $0.40 EPS. equities research analysts expect that Bank of America will post 2.5 EPS for the current fiscal year. THO's profit will be $143.85 million for 9.85 P/E if the $2.73 EPS becomes a reality.

Bank of America Corporation (BAC) announced earnings for its first quarter that increased from past year.

In total 13 analysts cover Bank of America (NYSE:BAC). Therefore 73% are positive. Since October 31, 2017 according to StockzIntelligence Inc Bank of America has 17 analyst reports. Morgan Stanley maintained it with "Overweight" rating and $37 target in Friday, February 2 report.

The banks have benefited from strong economic growth in their home market and a pick-up in world trade, while higher interest rates from the Federal Reserve have improved margins on lending. The stock rating was maintained by Wells Fargo with "Buy" on Wednesday, December 20. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) on Sunday, August 13 with "Buy" rating. The firm has "Neutral" rating by UBS given on Wednesday, August 26. On Tuesday, December 5 Raymond James maintained the shares of BAC in report with "Buy" rating. As per Tuesday, September 1, the company rating was upgraded by Macquarie Research.

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