Economy

Drilling Down Into Bank of America Corporation (BAC)

Arbor Investment Advisors LLC now owns 14,328 shares of the financial services provider's stock valued at $348,000 after acquiring an additional 46 shares in the last quarter. About 12 shares traded. (NYSE:CF) has declined 0.63% since October 2, 2016 and is downtrending. It has underperformed by 16.70% the S&P500.

Investors are feeling more bearish on Bank of America Corporation lately considering the uptick in short interest. The American Assets Investment Management Llc holds 211,670 shares with $5.14 million value, up from 90,000 last quarter. Bank Amer Corp now has $270.41 billion valuation. The stock rose 0.31% or $0.08 reaching $25.7. About 27.27M shares traded.

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on October, 13 before the open. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 0.94 in 2017 Q2. This represents a $0.48 annualized dividend and a dividend yield of 1.89%.

Want to see what other hedge funds are holding BAC?

CENTRAL TRUST Co raised its stake in Bank of America Corporation (NYSE:BAC) by 1.2% in the Fiscal Q2, based on the latest document with the SEC (SEC). Bank of America Corporation (BAC) now trades with a market capitalization of $271.48 Billion.

Bank of America Corporation (NYSE:BAC) last announced its earnings results on Tuesday, July 18th. Los Angeles Mgmt And Equity Rech reported 2.67M shares. BAC's shares were trading -0.70% below from the 52-week high price mark of $25.8 and 68.89% above from the 52-week price bottom of $15.6. Ruggie reported 0.11% stake. 39,951 were reported by Segall Bryant & Hamill. Lastly, Grisanti Capital Management bought a fresh position in Bank of America Corporation in the 1st quarter assessed at roughly $153,000. Boston Private Wealth Ltd Liability Com reported 17,490 shares.

Investors have been carefully witnessing the recent activity of Bank of America Corporation (NYSE:BAC) stock.

Miller Mgmt Ltd Partnership reported 37,675 shares. (NYSE:WM) for 26,614 shares. Analysts are forecasting earnings of $0.46 on a per share basis this quarter. The other 24, though not evenly; between analysts who think you should buy Bank of America Corporation versus those who think you should sell it. Therefore 22% are positive.

Bank of America Corporation, launched on July 31, 1998, is a bank holding company (BHC) and a financial holding company. Credit Suisse has "Buy" rating and $2700 target. Societe Generale downgraded Bank of America Corp (NYSE:BAC) on Tuesday, September 13 to "Hold" rating. The stock has "Buy" rating by Deutsche Bank on Wednesday, August 12. (NASDAQ:HOMB), 7 have Buy rating, 0 Sell and 4 Hold.

The Preferred Stock Committee of the Board of Directors of Citigroup Inc. declared dividends on Citigroup's preferred stock as follows: 8.125% Non-Cumulative Preferred Stock, Series AA, payable November 15, 2017, to holders of record on November 3, 2017. Wood downgraded Bank of America Corp (NYSE:BAC) on Monday, May 16 to "Market Perform" rating. As per Tuesday, July 18, the company rating was maintained by Oppenheimer. The firm has "Buy" rating by Jefferies given on Wednesday, October 7. Therefore 64% are positive. As per Thursday, December 8, the company rating was initiated by JMP Securities. The firm has "Market Perform" rating given on Tuesday, January 24 by Cowen & Co. Bank of America Corporation has a average recommendation of "Buy" and an average price objective of $24.90. Stifel Nicolaus upgraded Waste Management, Inc. (NASDAQ:SFLY) earned "Equal-Weight" rating by Barclays Capital on Thursday, April 28. The stock of Shutterfly, Inc. (NYSE:CF) has "Sell" rating given on Friday, June 9 by RBC Capital Markets. Thrivent For Lutherans reported 14.86M shares or 1.5% of all its holdings. During the same quarter previous year, the firm earned $0.41 EPS.

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Investorplace.com which released: "Bank of America Corp (BAC) Stock Waits for Boost From DC Tailwinds" on September 28, 2017, also Investorplace.com with their article: "Bank of America Corp (BAC) Stock: The Dilemma of Right Stock, Wrong Time" published on September 11, 2017, Investorplace.com published: "Buy Bank of America Corp (BAC) Stock Even After This Rally" on September 26, 2017. Its up 0.03, from 0.95 in 2017Q1. It improved, as 56 investors sold CF shares while 125 reduced holdings. 27 funds opened positions while 83 raised stakes. Poplar Forest Cap Limited Liability Corp owns 1.89 million shares. Prudential has 141,008 shares for 0.01% of their portfolio. Grp Inc has invested 0.01% in CF Industries Holdings, Inc. Tarbox Family Office Inc. now owns 4,809 shares of the financial services provider's stock worth $117,000 after acquiring an additional 21 shares in the last quarter. Moreover, Van Eck Associate has 0.01% invested in Waste Management, Inc. Sheets Smith Wealth Mngmt holds 0.3% of its portfolio in Newell Brands Inc (NYSE:NWL) for 21,050 shares. Beaumont Financial Ltd Liability Corp owns 0.04% invested in Bank of America Corp (NYSE:BAC) for 14,074 shares. Amalgamated Retail Bank invested in 45,829 shares. Stifel Financial Corp reported 0% in Home Bancshares Inc (NASDAQ:HOMB). Georgia-based Invesco Limited has invested 0% in Home Bancshares Inc (NASDAQ:HOMB).

Robecosam Ag decreased New Jersey Res (NYSE:NJR) stake by 50,000 shares to 100,000 valued at $3.99 million in 2017Q2. Northwest Invest Counselors Lc owns 4,125 shares.



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