Economy

Bank of America Corporation (NYSE:BAC) Stock Rating Upgraded by BidaskClub

About 1.47M shares traded. The Burt Wealth Advisors holds 107 shares with $4.45M value, down from 4,401 last quarter. Marathon Trading Investment Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $273.91 billion market cap company. The stock declined 1.98% or $0.53 reaching $26.26 on the news.

About 63.35 million shares traded or 3.06% up from the average.

Bank of America Corporation (NYSE:BAC) last issued its earnings results on Friday, October 13th. It has outperformed by 41.94% the S&P500. The company's quarterly EPS surprised Wall Street by as much as 7% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Boston Partners now owns 75,404,921 shares of the financial services provider's stock worth $1,778,802,000 after acquiring an additional 368,898 shares during the last quarter. Evercore Trust Company who had been investing in Unilever N V for a number of months, seems to be bullish on the $167.01 billion market cap company. The stock rose 0.18% or $0.22 reaching $121.17 per share. Eaton Vance accumulated 0.1% or 1.68M shares. It has outperformed by 9.85% the S&P500. (NYSE:BX), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 71% are positive. Howard Hughes had 11 analyst reports since August 14, 2015 according to SRatingsIntel. Wells Fargo maintained the shares of BAC in report on Thursday, August 10 with "Outperform" rating. Guggenheim downgraded the stock to "Neutral" rating in Tuesday, November 15 report. The stock has "Buy" rating by Jefferies on Tuesday, December 13. They issued a "market perform" rating on the stock. The company was upgraded on Friday, March 24 by Barclays Capital. Liberum Capital reinitiated the shares of United Nations in report on Monday, March 27 with "Hold" rating. The rating was upgraded by Sandler O'Neill on Wednesday, January 20 to "Buy". The rating was upgraded by Citigroup on Wednesday, August 31 to "Buy".

Burt Wealth Advisors increased Pimco Total Return (BOND) stake by 7,733 shares to 8,974 valued at $951,000 in 2017Q2.

Investors sentiment decreased to 1.12 in 2017 Q2. Boston Partners raised its stake in Bank of America Corporation by 0.5% during the 1st quarter.

Several other institutional investors have also recently modified their holdings of BAC. 120 funds opened positions while 577 raised stakes. Moreover, St Germain D J has 0.05% invested in Bank of America Corp (NYSE:BAC) for 16,363 shares. Credit Suisse Group reiterated an "outperform" rating on shares of Bank of America Corporation in a research report on Tuesday, October 10th. Kingfisher Cap Limited Company reported 33,575 shares. Menlo Ltd Liability Co holds 247,725 shares or 4.42% of its portfolio. 27,148 are owned by Btr Inc. Legg Mason Asset (Japan) has 1.48% invested in Bank of America Corp (NYSE:BAC). Buckingham Asset Mgmt Lc holds 45,503 shares. It fall, as 49 investors sold AR shares while 64 reduced holdings.

Marathon Trading Investment Management Llc, which manages about $886.83M and $539.78M US Long portfolio, decreased its stake in Mastercard Incorporated (Call) by 5,000 shares to 7,500 shares, valued at $911,000 in 2017Q2, according to the filing. Hennessy Advsrs Inc invested 0.05% in Bank of America Corp (NYSE:BAC). Train Babcock Advsr Limited Liability Com owns 46,714 shares or 0.49% of their U.S. portfolio.

Bank of New York Mellon Corp decreased its stake in shares of CDK Global Inc. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Bank of America Corporation by 1.9% during the 2nd quarter.

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Investorplace.com which released: "Bank of America Corp Is the Best Consumer Bank Bet Out There" on October 18, 2017, also Investorplace.com with their article: "4 Reasons Bank of America Corp Stock Is as Good as It Gets" published on November 09, 2017, Reuters.com published: "Bank of America consumer bankers depart for Citigroup: sources" on November 07, 2017. Bank of America Corporation has a 1-year low of $16.71 and a 1-year high of $27.98. Eqis Capital Mgmt reported 76,934 shares. It also reduced Clean Harbors (NYSE:CLH) stake by 18,081 shares and now owns 15,727 shares. MAI Capital Management's holdings in Bank of America Corporation were worth $10,597,000 as of its most recent filing with the Securities & Exchange Commission. Therefore 67% are positive. The company's revenue was up 2.1% compared to the same quarter last year. equities research analysts anticipate that Bank of America Corporation will post 1.8 earnings per share for the current year. Macquarie Research upgraded the shares of BAC in report on Tuesday, August 25 to "Underperform" rating. Finally, Nomura raised their price target on shares of Bank of America Corporation from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Monday, October 16th. The firm has "Overweight" rating by JP Morgan given on Wednesday, November 1. Keefe Bruyette & Woods has "Buy" rating and $38.0 target. The stock of Blackstone Group LP (NYSE:BX) earned "Hold" rating by Standpoint Research on Sunday, August 9. 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 divisions: 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. The firm has "Buy" rating given on Wednesday, January 11 by Societe Generale. As per Monday, May 23, the company rating was maintained by Compass Point. The firm earned "Buy" rating on Tuesday, August 11 by Vetr.



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