Bank of America earnings top Wall Street estimates, shares rise


Moreover, Glaxis Cap Mngmt Ltd Liability has 1.9% invested in Bank of America Corp (NYSE:BAC) for 40,000 shares. Insiders own 0.18% of the company's stock. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Chief Executive Brian Moynihan's years-long effort to streamline the United States' second-largest bank and keep its costs in check are finally bearing fruit as the Federal Reserve raises borrowing costs. Finally, Jefferies Group LLC reaffirmed a "buy" rating on shares of Bank of America Corporation in a report on Friday, July 7th.

Receive Bank of America Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of America Corporation with's FREE daily email newsletter. Credit Agricole upgraded Bank of America Corp (NYSE:BAC) on Friday, January 29 to "Outperform" rating.

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Among 16 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 3 Sell and 11 Hold. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by Sandler O'Neill on Wednesday, January 20. Alliancebernstein Lp has invested 1.18% in Bank of America Corp (NYSE:BAC). The stock has a 50 day moving average of $24.65 and a 200 day moving average of $23.91.

Now the stock price is moving -3.23% off from the highest level of twelve months and +11.87% above from twelve months low. Fixed-income, which is more than twice the size of the firm's stock-trading business, contributed the most to the slump, declining 22 percent to $2.17 billion. Highlander Management Ltd Liability Corp has invested 1.14% of its portfolio in Bank of America Corp (NYSE:BAC). Analysts review historical return data when trying to predict future returns or to estimate how a security might react to a particular situation, such as a drop in consumer demand. Bank of America Corporation had a return on equity of 8.11% and a net margin of 20.28%.

Shares of Bank of America have risen almost 16 percent this year, slightly outperforming the S&P 500 index. On an adjusted basis, revenue was $22.08 billion, up from $21.86 billion a year earlier.

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The shooting occurred just before 12:30 a.m., as the officer exchanged gunfire with a suspect at Cindy Place Apartments. Several officers returned fire and the suspect was hit and brought to a hospital and arrested, authorities said.

Bank of America Corporation (NYSE:BAC) reached 63.14% versus a 1-year low price of $15.6. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of global trademark & copyright laws. Robert W. Baird upgraded the shares of BAC in report on Tuesday, August 25 to "Neutral" rating. Johnson Investment Counsel Inc acquired 41,548 shares as Bank Of America Corporation (BAC)'s stock declined 6.00%. Its third-quarter earnings performance beat rivals JPMorgan JPM.N and Citigroup C.N , which reported gains of 7.1 percent and 7.6 percent respectively on Wednesday. It is negative, as 79 investors sold BAC shares while 543 reduced holdings. Investors of record on Friday, September 1st were paid a dividend of $0.12 per share. Its down 0.03, from 1.15 in 2017Q1. Deutsche Bank maintained Bank of America Corp (NYSE:BAC) on Wednesday, August 12 with "Buy" rating. Pennsylvania-based Brick Kyle has invested 0.84% in Bank of America Corp (NYSE:BAC). Fmr Limited Company stated it has 1% in Bank of America Corp (NYSE:BAC).

In other Bank of America Corporation news, Director Frank P. Bramble sold 86,763 shares of the business's stock in a transaction dated Thursday, August 10th. These shares are worth $2,096,194 and were traded at $24.16 each. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Now insiders hold 15,342,468 shares in the business which makes up 0.15% of shares. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. Epoch Investment Partners Inc. now owns 14,672,508 shares of the financial services provider's stock worth $355,954,000 after acquiring an additional 2,180,041 shares in the last quarter. Gateway Advisory LLC boosted its position in Bank of America Corporation by 0.4% in the 2nd quarter. The Hartwell J M Limited Partnership holds 28,975 shares with $4.32M value, up from 8,805 last quarter. BidaskClub raised shares of Bank of America Corporation from a "hold" rating to a "buy" rating in a research report on Friday, July 7th. AQR Capital Management LLC raised its position in shares of Bank of America Corporation by 21.3% in the first quarter.

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Several institutional investors have recently modified their holdings of the company.