Economy

BMO Capital Markets Reaffirms "Hold" Rating for Bank of America (BAC)

Chicago Partners Investment Group LLC now owns 4,531 shares of the financial services provider's stock valued at $103,000 after buying an additional 450 shares during the period. The institutional investor held 2.23 million shares of the major banks company at the end of 2017Q3, valued at $56.63M, down from 2.40 million at the end of the previous reported quarter. Whale Rock Capital Management Llc who had been investing in Netease Inc for a number of months, seems to be less bullish one the $43.96 billion market cap company. The stock decreased 0.33% or $0.1 during the last trading session, reaching $30.45. Deutsche Bank reaffirmed a hold rating and set a $25.00 price target (up previously from $23.00) on shares of Bank of America in a research note on Tuesday, September 26th. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 24.67% since January 10, 2017 and is uptrending. It has outperformed by 99.50% the S&P500.

Bronson Point Management Llc decreased Bank Amer Corp (BAC) stake by 33.33% reported in 2017Q3 SEC filing. Odey Asset Management Group Ltd bought 174,000 shares as the company's stock declined 6.00% while stock markets rallied. The institutional investor held 1.69M shares of the consumer services company at the end of 2017Q3, valued at $272.01 million, up from 1.27 million at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $318.66B market cap company.

Bank of America Corporation (NYSE:BAC) gained 0.93 Percent and closed its previous trading session at $30.55.

Many analysts are providing their Estimated Earnings analysis for Bank of America Corporation and for the current quarter 22 analysts have projected that the stock could give an Average Earnings estimate of $0.44/share.

Bank of America (NYSE:BAC) had its target price boosted by stock analysts at Barclays from $28.00 to $35.00 in a report released on Tuesday, January 2nd, Marketbeat.com reports. It has outperformed by 41.94% the S&P500. The financial services provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.02. (NYSE:HY) has risen 21.22% since January 11, 2017 and is uptrending. Therefore 66% are positive. Finally, BidaskClub lowered shares of Bank of America from a "strong-buy" rating to a "buy" rating in a report on Thursday, November 9th. Zacks upgraded it to "Hold" rating and $53 target in Friday, August 14 report.

Bank of America Corporation is a bank holding company and a financial holding company.

Bank of America declared that its Board of Directors has authorized a share buyback program on Tuesday, December 5th that authorizes the company to buyback $5.00 billion in shares. The stock has "Neutral" rating by Robert W. Baird on Tuesday, August 25. Steinberg Asset reported 31,914 shares. Bank of America has a consensus rating of "Buy" and an average target price of $27.56. The firm has "Buy" rating given on Tuesday, July 21 by Jefferies. The firm has "Hold" rating by BMO Capital Markets given on Wednesday, April 12. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Tuesday, October 3 report. The news release, supplemental filing and investor presentation can be accessed in the following ways: Investor Conference Call Information For a listen-only connection to the investor presentation, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). Its up 0.08, from 1.17 in 2017Q2. It fall, as 68 investors sold BAC shares while 569 reduced holdings.

The most recent non open market insider trade was completed by MOYNIHAN BRIAN T on 12/15/2017, and was a disposition of 39,858 shares with a final price of $0. M&T National Bank invested in 0.16% or 1.19 million shares. Cognios Ltd Com, Kansas-based fund reported 8,737 shares. DnB Asset Management AS now owns 6,313,680 shares of the financial services provider's stock valued at $186,380,000 after purchasing an additional 1,477,081 shares during the period. Duff & Phelps Investment Management accumulated 111,135 shares. (NYSE:VZ). Thompson Siegel Walmsley Limited Liability Company owns 386,496 shares for 0.23% of their portfolio. Barry Advisors Limited Liability Company stated it has 0.25% in Bank of America Corporation (NYSE:BAC). Blue Ridge Capital L.L.C. now owns 15,622,500 shares of the financial services provider's stock worth $368,535,000 after acquiring an additional 1,668,700 shares during the period. Raymond James owns 5.94M shares for 0.3% of their portfolio. Of those holders, 822 had increased positions amounting to 941.55 million shares, 807 had decreased positions amounting to 283.3 million shares, and 216 holders have a held position accounting for 5.96 billion shares. Torray Lc holds 856,418 shares or 2.15% of its portfolio. (NYSE:VZ). The Indiana-based Everence Management has invested 0.98% in Verizon Communications Inc. Therefore 71% are positive. Telus Corporation had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The company was initiated on Wednesday, May 18 by Argus Research. The firm has "Buy" rating given on Friday, October 13 by RBC Capital Markets.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. The firm has "Overweight" rating by Atlantic Securities given on Wednesday, December 21. The firm has "Outperform" rating by RBC Capital Markets given on Friday, November 10. Keefe Bruyette & Woods maintained the stock with "Hold" rating in Friday, August 11 report. On Monday, August 14 the stock rating was maintained by BMO Capital Markets with "Outperform". It also reduced its holding in Cooper Cos Inc (NYSE:COO) by 2,021 shares in the quarter, leaving it with 6,452 shares, and cut its stake in Rockwell Automation Inc (NYSE:ROK).

Stephens Ar owns 1.16% invested in Verizon Communications Inc. Its up 0.05, from 2.33 in 2017Q2. It improved, as 23 investors sold ACC shares while 87 reduced holdings. Lincoln Natl has 0.04% invested in Bank of America Corporation (NYSE:BAC). Endeavour Capital accumulated 16,060 shares. South Dakota Council reported 17,300 shares stake. Janney Montgomery Scott Limited Liability Corp invested in 0.46% or 1.59 million shares. (NYSE:ACC) for 6.10 million shares. Asset One Co reported 0.04% stake. Corbyn Management Md holds 8.13% or 386,413 shares in its portfolio. Virginia Retirement Systems Et Al owns 2.66 million shares for 0.82% of their portfolio. The Laffer Investments holds 59,160 shares with $3.08 billion value, down from 63,385 last quarter. Caxton Ltd Partnership has 0.59% invested in Applied Materials, Inc.



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