Lourd Capital LLC Increased Its Bank Amer Corp (BAC) Stake

Bank Of America Earnings Growth Stronger Than Expected In Q1

Why Bank of America Earnings Hit a Record High

Terril Brothers Inc sold 205,975 shares as Bank Amer Corp (BAC)'s stock declined 1.20%. The stock decreased 0.89% or $0.97 during the last trading session, reaching $107.55. Netflix, Inc. (NASDAQ:NFLX) has risen 108.73% since April 15, 2017 and is uptrending. It has outperformed by 4.07% the S&P500. Tradewinds Management Limited Company stated it has 12,336 shares. The institutional investor held 16,805 shares of the major banks company at the end of 2017Q4, valued at $496,000, down from 37,065 at the end of the previous reported quarter. Bank Amer Corp has $304.68 billion market cap.

Shares of BAC traded down $0.85 on Friday, hitting $29.80.

Disclaimer Bank of America Corporation published this content on 16 April 2018 and is exclusively responsible for the information contained herein. The stock outperformed the S&P 500 by 16.63%. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Bank of America had 109 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America's payout ratio is now 26.23%. The stock has "Buy" rating by B. Riley & Co on Tuesday, December 19. On Tuesday, December 5 the firm has "Buy" rating by Raymond James given. The stock of Netflix, Inc. BMO Capital Markets has "Hold" rating and $34.0 target. The company was maintained on Friday, October 6 by Wedbush. As per Wednesday, December 20, the company rating was maintained by Wells Fargo. 253,261 were reported by Ibm Retirement Fund. Grimes And has 52,142 shs for 0.15% of their capital. KeyBanc Capital Markets maintained Netflix, Inc. The company was maintained on Thursday, September 14 by Jefferies. On Monday, March 26 the rating was maintained by Oppenheimer with "Buy". (NYSE:DLR) on Friday, February 16 with "Buy" rating. Willingdon Wealth Mgmt has 22,620 shares for 0.85% of their portfolio.

Big Money Sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. Cramer Rosenthal Mcglynn Llc invested in 2.59M shares or 1.23% of the stock. It improved, as 3 investors sold Sprague Resources LP shares while 8 reduced holdings.

WARNING: "Vantage Financial Partners Ltd. Inc". The hedge funds in our database now own: 9.35 million shares, up from 9.33 million shares in 2017Q3. The Pennsylvania-based Penn Capital Management Co Inc has invested 0.23% in the stock. Victory Cap Incorporated reported 0.13% in Digital Realty Trust, Inc. Exxonmobil Investment Management Tx has 32,666 shares for 0.1% of their portfolio. Sns Finance Group Inc Ltd Liability Co has 11,062 shares. Ing Groep Nv reported 9,390 shares. 886,928 are held by Thrivent Financial For Lutherans. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.93. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of Unitil in the 4th quarter valued at $753,000. TIAA CREF Investment Management LLC raised its stake in shares of Unitil by 18.6% in the 4th quarter.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on April, 17. They expect $0.85 EPS, up 16.44% or $0.12 from last year's $0.73 per share. DLR's profit will be $336.24M for 16.31 P/E if the $1.57 EPS becomes a reality. HWG Holdings LP bought a new position in Bank of America during the third quarter valued at about $116,000.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.29, from 0.89 in 2017Q3. It is positive, as 66 investors sold BAC shares while 561 reduced holdings. After $1.92 actual earnings per share reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts 42.19% EPS growth. Asset Mgmt Advsr Limited Liability Corp accumulated 177,550 shares or 4.39% of the stock. Cortland Associate Mo invested in 5,430 shares. "Buys Shares of 7,821 Bank of America (NYSE:BAC)" was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. Btim Corporation reported 33,554 shares.

Goldman Capital Management Inc holds 3.44% of its portfolio in Mattersight Corporation for 1.40 million shares. Missouri-based Confluence Investment Ltd Liability has invested 0% in Bank of America Corporation (NYSE:BAC). Moreover, Mendon Capital Advisors has 1.27% invested in Bank of America Corporation (NYSE:BAC). M&T Bancorp owns 4,641 shares for 0% of their portfolio. Polar Asset Prns Incorporated invested 1.4% in Bank of America Corporation (NYSE:BAC). Therefore 67% are positive. During the same period in the previous year, the business earned $0.40 EPS. sell-side analysts anticipate that Bank of America will post 2.5 EPS for the current fiscal year. "The rating was upgraded by Bruyette & Woods" to "Mkt Perform" on Monday, August 24.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide. The firm has "Outperform" rating by CLSA given on Friday, January 29. The firm earned "Hold" rating on Tuesday, November 8 by Deutsche Bank. On Tuesday, December 12 the stock has "Buy" rating by Keefe Bruyette & Woods.

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