Economy

Bank of America Corporation (NYSE: BAC)

Bank of America Corporation (NYSE: BAC)”

Bank of America reported third-quarter results on Friday that beat Wall Street expectations despite a slowdown in its fixed-income trading business. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

Average next regular session additional gain: 1.5%.

Analysts expect Public Storage (NYSE:PSA) to report $2.61 EPS on October, 25.They anticipate $0.10 EPS change or 3.98% from last quarter's $2.51 EPS.

Percent of time added to extended-hours losses: 50%. The stock has $10.38B outstanding shares. It is negative, as 79 investors sold BAC shares while 543 reduced holdings. Duncker Streett And Company holds 109,724 shares or 0.83% of its portfolio. The stock of Clean Harbors Inc (NYSE:CLH) has "Buy" rating given on Thursday, February 23 by Needham. The firm has "Neutral" rating given on Wednesday, August 26 by UBS. The rating was maintained by RBC Capital Markets with "Buy" on Friday, October 6. The stock has "Neutral" rating by Guggenheim on Tuesday, November 15.

Bank of America Corporation (NYSE:BAC) has a Return on Assets of 0.80%. Moreover, Scholtz And Co Ltd Liability Company has 3.41% invested in Bank of America Corp (NYSE:BAC). It also reduced Unitedhealth Group Inc (NYSE:UNH) stake by 1,975 shares and now owns 7,782 shares. The rating was maintained by Jefferies with "Buy" on Thursday, September 14. Signature Est And Inv Ltd Liability Com owns 710,770 shares or 2.04% of their United States portfolio. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by Deutsche Bank on Tuesday, January 26. The firm earned "Hold" rating on Tuesday, November 8 by Deutsche Bank. The legal version of this report can be read at https://www.truebluetribune.com/2017/10/13/bank-of-america-corporation-bac-expected-to-earn-q3-2017-earnings-of-0-47-per-share.html. During the same period in the previous year, the business posted $0.41 earnings per share.

Fuller & Thaler Asset Management Inc decreased Union Pacific Corp (NYSE:UNP) stake by 5,025 shares to 62,275 valued at $6.78 million in 2017Q2. Crystal Rock Management holds 202,400 shares. Instinet reissued a "buy" rating and set a $27.00 price target on shares of Bank of America Corporation in a research report on Saturday, July 22nd. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. (NYSE:PEP) were released by: Fool.com and their article: "Best Buy: The Coca-Cola Co vs. PepsiCo, Inc. vs. Procter & Gamble Co" published on September 24, 2017 as well as Seekingalpha.com's news article titled: "PepsiCo Offers A Buying Opportunity" with publication date: September 29, 2017. It also reduced Ebay Inc (NASDAQ:EBAY) stake by 9,125 shares and now owns 136,265 shares. Ar Asset Mngmt Inc reported 57,017 shares or 0.56% of all its holdings. The Quebec - Canada-based Addenda Cap has invested 0.37% in PepsiCo, Inc. Apg Asset Mngmt Nv owns 30.05 million shares or 1.32% of their USA portfolio.

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 43% are positive. PepsiCo had 55 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the stock with "Hold" rating in Monday, June 12 report. The firm has "Buy" rating given on Friday, April 28 by Credit Suisse. The firm has "Sector Perform" rating given on Thursday, October 5 by RBC Capital Markets.

In other Bank of America Corporation news, Director Frank P. Bramble sold 86,763 shares of Bank of America Corporation stock in a transaction on Thursday, August 10th. The stock of Bank of America Corp (NYSE:BAC) has "Buy" rating given on Tuesday, August 11 by Vetr. Nippon Life Global Investors Americas has invested 2.63% in Bank of America Corp (NYSE:BAC). Arete Wealth Advsrs Lc reported 252,906 shares or 2.8% of all its holdings. Price T Rowe Assocs Md, a Maryland-based fund reported 227,074 shares. Scout Invs invested in 0.45% or 104,947 shares. Golub Grp Ltd, a California-based fund reported 1.01M shares. Arrowstreet Ltd Partnership holds 0.03% of its portfolio in Expedia Inc (NASDAQ:EXPE) for 58,200 shares. The stock has "Neutral" rating by Robert W. Baird on Tuesday, August 25. On Friday, August 18 the stock rating was maintained by Jefferies with "Hold".

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