Worldwide

Bank of America (BAC) Raised to "Buy" at Zacks Investment Research

The Eulav Asset Management holds 590,000 shares with $14.95M value, up from 530,000 last quarter.

Shares of Bank of America Corp (NYSE BAC) traded up $0.11 during trading on Thursday, hitting $30.66. The stock increased 0.49% or $1.17 during the last trading session, reaching $242.31. It has outperformed by 1.89% the S&P500.

Shell Asset Management Co increased its stake in Hyster Yale Matls Handling I (HY) by 34.34% based on its latest 2017Q3 regulatory filing with the SEC. Pnc Serv Group Inc Inc invested in 7.39M shares or 0.19% of the stock. Northwest Investment Counselors LLC bought a new position in shares of Bank of America in the 2nd quarter worth $100,000. The financial services provider reported $0.48 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.02. King Luther Capital Mgmt Corp reported 6.64M shares. The stock increased 1.80% or $0.2704 during the last trading session, reaching $15.3204. About 860,654 shares traded. Era Group Inc. (ERA) has risen 8.00% since January 12, 2017 and is uptrending.

Since August 11, 2017, it had 0 buys, and 8 sales for $5.40 million activity. Welch & Forbes Limited Co has invested 0.48% in Bank of America Corporation (NYSE:BAC). Quotient Investors LLC's holdings in Bank of America were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC). This represents a $0.48 annualized dividend and a yield of 1.57%.

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COPYRIGHT VIOLATION NOTICE: "Bank of America Corp (BAC) Holdings Reduced by Quotient Investors LLC" was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. 117 funds opened positions while 547 raised stakes. Cornercap Investment Counsel invested in 0.65% or 183,310 shares. Sei Invs holds 0.01% or 109,618 shares. Analysts have placed a $31.55 price target on Bank of America Corporation, suggesting a 3.27% gain from recent close. Bank of America Corporation (BAC) has made its way to a 12-month gain of 33.17%. Empirical Fincl Ltd Liability Company accumulated 0.1% or 16,957 shares. Graybill Bartz & Assoc Ltd holds 125,507 shares or 2.35% of its portfolio. Old Second National Bank & Trust Of Aurora invested in 1.02% or 97,028 shares. Goldman Sachs Grp Inc has invested 0% of its portfolio in Century Aluminum Company (NASDAQ:CENX). Foundry Prtn Ltd Com owns 116,288 shares or 0.36% of their United States portfolio.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. BAC's profit will be $4.80 billion for 16.61 P/E if the $0.46 EPS becomes a reality. After $0.17 actual EPS reported by Incyte Corporation for the previous quarter, Wall Street now forecasts -382.35% negative EPS growth.

Bank of America Corporation is a bank holding company and a financial holding company. Therefore 47% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Shell Asset Management Co bought 6,696 shares as the company's stock rose 13.55% with the market. The stock has "Neutral" rating by UBS on Wednesday, August 26. The firm has "Overweight" rating given on Friday, April 7 by Barclays Capital. The stock of Incyte Corporation (NASDAQ:INCY) has "Outperform" rating given on Thursday, September 29 by Raymond James. The company was maintained on Wednesday, January 25 by Stifel Nicolaus. The rating was maintained by Deutsche Bank on Wednesday, August 12 with "Buy".

Bank of America announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 5th that permits the company to buyback $5.00 billion in outstanding shares. As per Tuesday, January 9, the company rating was maintained by Sandler O'Neill. The stock now has an average rating of "Buy" and an average target price of $27.56. Spark Investment Management Llc who had been investing in Surmodics Inc for a number of months, seems to be less bullish one the $366.11 million market cap company. It also reduced Five Below Inc (NASDAQ:FIVE) stake by 7,800 shares and now owns 6,200 shares. It also upped Alps Alerian Mlp Etf (AMLP) stake by 126,080 shares and now owns 149,030 shares. The Clorox Company (NYSE:CLX) was raised too. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $2.45 for the year, up from their prior estimate of $2.10. Therefore 71% are positive. Finally, Instinet lowered their price target on Bank of America from $37.00 to $30.00 in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. Stephens maintained Synovus Financial Corp. The rating was downgraded by Robert W. Baird to "Neutral" on Wednesday, November 16. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. The company was maintained on Friday, October 6 by BMO Capital Markets. KBW upgraded Bank of America Corporation (NYSE:BAC) on Monday, August 24 to "Outperform" rating. The firm earned "Market Perform" rating on Monday, December 21 by Wells Fargo. The rating was maintained by Citigroup on Friday, August 21 with "Buy".

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