Economy

Bank of America Corp (BAC) EPS Estimated At $0.47

Bank of America Corp (BAC) EPS Estimated At $0.47”

Waldron LP now owns 24,550 shares of the financial services provider's stock valued at $578,000 after acquiring an additional 12,978 shares during the last quarter. The company has market cap of $1.36 billion. The stock's 50 day moving average price is $24.00 and its 200-day moving average price is $23.82. About 215 shares traded.

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Investorplace.com which released: "Bank of America Corp (BAC) Stock Is a Buffett-Stamped Buy" on September 06, 2017, also Investorplace.com with their article: "Fade the Bank of America Corp (BAC) Stock Rally" published on September 13, 2017, Livetradingnews.com published: "Bank of America Corp (NYSE:BAC) HEFFX Highlights" on September 18, 2017. Macquarie Limited holds 1,414 shares or 0% of its portfolio. Nisa Investment Advisors LLC now owns 3,741,987 shares of the financial services provider's stock valued at $88,271,000 after purchasing an additional 55,953 shares during the period. About 60,061 shares traded. Dominion Energy Inc (NYSE:D) has risen 10.88% since September 18, 2016 and is uptrending. It has outperformed by 4.18% the S&P500.

Investors of record on Friday, September 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%.

Clough Capital Partners L P cut its holdings in Bank of America Corporation (NYSE:BAC) by 9.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Bank of America Corporation accounts for 1.4% of Locust Wood Capital Advisers LLC's portfolio, making the stock its 24th largest position. Oppenheimer Holdings, Inc. restated an "outperform" rating and set a $30.00 price target (up from $29.00) on shares of Bank of America Corporation in a report on Friday, July 21st. It also reduced its holding in V F Corp Com (NYSE:VFC) by 71,446 shares in the quarter, leaving it with 211,111 shares, and cut its stake in Amgen Inc (NASDAQ:AMGN). State Common Retirement Fund invested in 0% or 260,463 shares. Bradley Foster & Sargent Incorporated Ct accumulated 168,426 shares or 0.16% of the stock. Evercore Wealth Mngmt Lc holds 0.03% or 37,513 shares in its portfolio.

Bank of America Corporation (NYSE:BAC) last posted its quarterly earnings data on Tuesday, July 18th. Mraz Amerine Associate Inc has invested 0.17% in Bank of America Corp (NYSE:BAC). Architects, a New Jersey-based fund reported 80,856 shares. Beech Hill Inc has invested 0.13% in Bank of America Corp (NYSE:BAC). National Planning holds 0.16% in Bank of America Corp (NYSE:BAC) or 88,742 shares. Park Circle Commerce reported 15,000 shares or 0.22% of all its holdings. Illinois-based Vaughan David Il has invested 0.02% in Bank of America Corp (NYSE:BAC). Nokota Management Lp sold 1.89 million shares as Bank Amer Corp (BAC)'s stock declined 6.00%. Stelac Advisory Limited Company owns 57,078 shares. Therefore 66% are positive.

If we look at the Volatility of Bank of America Corporation (BAC), Week Volatility is 1.68%, whereas Month Volatility is at 1.79%. RBC Capital Markets maintained the stock with "Buy" rating in Wednesday, April 5 report. On Tuesday, June 6 the stock rating was maintained by Keefe Bruyette & Woods with "Buy".

Growth rates are very important while analyzing the long term growth and valuation of a certain company. Schwerin Boyle Cap stated it has 3.77% in Bank of America Corp (NYSE:BAC). The stock has "Hold" rating by Robert W. Baird on Friday, August 25. Vetr downgraded the shares of BAC in report on Tuesday, August 11 to "Buy" rating.

In other Bank of America Corporation news, Director Frank P. Bramble sold 86,763 shares of the business's stock in a transaction dated Thursday, August 10th. As per Tuesday, July 21, the company rating was maintained by Jefferies.

Among 8 analysts covering Aspen Aerogels (NYSE:ASPN), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 8% are positive. Motorola Solutions had 33 analyst reports since August 6, 2015 according to SRatingsIntel.

Opiant Pharmaceuticals, Inc., formerly Lightlake Therapeutics, Inc., is a specialty pharmaceutical company. Mutual Of Omaha Financial Bank Wealth Mngmt invested in 75,000 shares. The firm has "Outperform" rating by KBW given on Monday, August 24. On Tuesday, September 13 the stock rating was downgraded by Societe Generale to "Hold". The firm has "Overweight" rating by Atlantic Securities given on Wednesday, December 21. As per Wednesday, January 11, the company rating was downgraded by UBS.

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.19, from 1.19 in 2016Q3. $991,482 worth of RenaissanceRe Holdings Ltd. (NYSE:RNR) shares were sold by ODonnell Kevin. 20 funds opened positions while 15 raised stakes. This buyback authorization allows the financial services provider to purchase up to 4.8% of its shares through open market purchases. Moreover, Heartland Advsrs has 0.19% invested in Aspen Aerogels Inc (NYSE:ASPN) for 850,000 shares. Pggm reported 0.07% stake. Natl Svcs Wi holds 154,310 shares. Salzhauer Michael reported 10.34% stake. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.04% invested in Motorola Solutions Inc (NYSE:MSI). Royal Savings Bank Of Canada has 35.75 million shares. 177 were accumulated by Vantage Advisors Ltd Limited Liability Company. The Texas-based Tctc Holding Lc has invested 1.24% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Exane Derivatives owns 48,594 shares. Montgomery Inv Mngmt invested 2.88% in Bank of America Corp (NYSE:BAC). Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued. The analysts estimated sales for the higher end at 22690 million and lower end at 21480 million while the year ago reported sale was 21428.6 million. They expect $0.47 EPS, up 14.63% or $0.06 from last year's $0.41 per share. BAC's profit would be $4.96B giving it 12.97 P/E if the $0.47 EPS is correct. After $0.46 actual EPS reported by Bank of America Corp for the previous quarter, Wall Street now forecasts 2.17% EPS growth.



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