BofA's shares rose about 1 percent in premarket trade. The stock has $1.64B outstanding shares. Advisors Asset Inc holds 56,631 shares. This works out to a net decrease in ownership of 28.63 million shares, and suggests that institutions are feeling bearish about the stock. About 41,625 shares traded.
As it reflects the theoretical cost of buying the company's shares, the market cap of Bank of America Corporation (NYSE:BAC) is now rolling at 268.14B, making it one of the key stocks in today's market.
Since May 23, 2017, it had 0 insider purchases, and 4 sales for $3.33 million activity.
Bank of America Corporation holds a quick ratio of *tba with a current ratio of *tba. Equities research analysts expect that Bank of America Corporation will post $1.79 EPS for the current fiscal year. Warman D Scott N had sold 1,000 shares worth $161,198. $3.66 million worth of Nike Inc (NYSE:NKE) was sold by PARKER MARK G.
Analysts await M&T Bank Corporation (NYSE:MTB) to report earnings on October, 18. The Johnson Investment Counsel Inc holds 81,455 shares with $1.98M value, up from 39,907 last quarter.
Provisions for credit losses rose 15 per cent from the second quarter, driven by credit cards and loan growth and analysts pressed the bank's executives about possible signs of problems with consumer credit. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Therefore 17% are positive. Netgear had 11 analyst reports since October 23, 2015 according to SRatingsIntel. The firm earned "Outperform" rating on Thursday, February 16 by Macquarie Research. Wedbush has "Neutral" rating and $134 target. The stock of Public Storage (NYSE:PSA) earned "Outperform" rating by Raymond James on Friday, September 4. The stock has "Neutral" rating by JP Morgan on Monday, October 17. The firm has "Hold" rating by BMO Capital Markets given on Wednesday, May 31. Finally, Royal Bank Of Canada reissued a "buy" rating and issued a $26.00 price target on shares of Bank of America Corporation in a report on Thursday, July 20th. Lombard Odier Asset Management Switzerland Sa sold 14,122 shares as Bank Amer Corp (BAC)'s stock declined 6.00%. It also reduced Whirlpool Corp Com (NYSE:WHR) stake by 5,032 shares and now owns 85,659 shares. (NASDAQ:NTGR) shares. $195,006 worth of NetGear, Inc.
Investors sentiment decreased to 1.12 in Q2 2017. Stockholders of record on Friday, September 1st were given a dividend of $0.12 per share. It turned negative, as 79 investors sold BAC shares while 543 reduced holdings.
Hedge funds and other institutional investors have recently made changes to their positions in the company. The company has a market capitalization of $267.64 billion, a P/E ratio of 15.16 and a beta of 1.25. Agf Inc accumulated 9,719 shares. Ronna Sue Cohen reported 39,864 shares or 0.72% of all its holdings. Eagle Ridge Invest Management reported 1.33% of its portfolio in M&T Bank Corporation (NYSE:MTB). Moreover, Baring Asset Mgmt Limited has 0.18% invested in Nike Inc (NYSE:NKE) for 46,302 shares. Covington has invested 2% in M&T Bank Corporation (NYSE:MTB). The original version of this piece can be read at https://weekherald.com/2017/10/13/new-mexico-educational-retirement-board-decreases-stake-in-bank-of-america-corporation-bac.html. 3,316 were reported by Stanley. Family Firm holds 8,645 shares or 0.09% of its portfolio. The Maryland-based Financial Consulate Incorporated has invested 0.27% in M&T Bank Corporation (NYSE:MTB). Welch Group Ltd Llc accumulated 0.25% or 61,997 shares. AQR Capital Management LLC raised its holdings in shares of Bank of America Corporation by 21.3% during the first quarter. Broadview Advisors Ltd Llc holds 34,100 shares. The rate the bank paid on USA interest-bearing deposits was 0.24%, compared with a rock-bottom 0.11% in the prior quarter. Therefore 50% are positive.
Like other banks that reported Thursday, Bank of America also scored a modest increase in overall loans. (NASDAQ:KEYW) has "Outperform" rating given on Tuesday, November 10 by RBC Capital Markets. Company's EPS for the past five years is valued at 19.42%, leading it to an EPS value of 11.06% for the next five years. This repurchase authorization permits the financial services provider to buy up to 4.8% of its stock through open market purchases. The rating was maintained by Robert W. Baird on Friday, September 29 with "Hold". Buckingham Research reaffirmed a "buy" rating and set a $30.00 target price (up from $27.00) on shares of Bank of America Corporation in a research report on Monday, July 10th. As per Tuesday, October 6, the company rating was maintained by Oppenheimer. The rating was downgraded by Deutsche Bank on Tuesday, November 8 to "Hold". It also upped Spdr S&P 500 Etf Tr (SPY) stake by 3,685 shares and now owns 272,381 shares.