Bank of America's profit rises 34% on higher interest rates, loan growth

Taxis drive past a Bank of America branc

Taxis drive past a Bank of America branc

66 investors sold all, 561 reduced holdings as BAC ratio increased. 585 grew positions while 162 funds bought positions. Accern also assigned media coverage about the financial services provider an impact score of 46.5507281478441 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. Asset Mgmt Advsr Limited Liability Corp accumulated 177,550 shares or 4.39% of the stock. Pring Turner Capital Group Inc. increased its stake in shares of Bank of America by 80.0% in the second quarter. Kames Cap Public Limited Liability Co holds 2.18 million shares. The institutional investor held 207,039 shares of the consumer services company at the end of 2017Q4, valued at $39.74 million, up from 27,445 at the end of the previous reported quarter. Cumberland Partners Ltd holds 2.05% in Bank of America Corporation (NYSE:BAC) or 526,475 shares. Epoch Inv Prtn Inc stated it has 1.38% of its portfolio in Bank of America Corporation (NYSE:BAC). Moreover, Covenant Multifamily Offices Limited Company has 0.01% invested in Bank of America Corporation (NYSE:BAC). Focused Wealth Mngmt holds 2.14% of its portfolio in Bank of America Corporation (NYSE:BAC) for 226,318 shares. Canada Pension Plan Investment Board now owns 40,159,612 shares of the financial services provider's stock valued at $1,017,645,000 after purchasing an additional 4,801,300 shares during the period. The Texas-based Covenant Multifamily Offices Lc has invested 0.01% in Bank of America Corporation (NYSE:BAC). Impax Asset Mgmt Ltd Llc holds 1.41% of its portfolio in Bank of America Corporation (NYSE:BAC) for 831,123 shares. Earnings per share rose to 62 cents, beating the average analyst estimate of 59 cents, according to Thomson Reuters I/B/E/S. BAC's profit will be $6.03B for 12.63 P/E if the $0.59 EPS becomes a reality. Stifel Fin holds 0.51% in Bank of America Corporation (NYSE:BAC) or 5.46 million shares.

More news: Samsung Galaxy J2 Pro Can Not Access Internet Purposely
More news: Monsoon 2018 forecast: Met dept predicts normal rainfall, at 97% of LPA
More news: Mother Who Drove Family of 8 Off Cliff Was Drunk

Bank of America stock traded down $0.85 during mid-day trading on Friday, reaching $29.80. 77% are bullish. With $37 highest and $24.0 lowest [Target] Bank of America has $33.63 average [Target] or 12.85% above the current ($29.8) price. Diamond Hill Mngmt holds 0% in Bank of America Corporation (NYSE:BAC) or 7,704 shs. It has outperformed by 16.63% the S&P500. Vetr cut shares of Bank of America from a "strong-buy" rating to a "buy" rating and set a $33.89 target price for the company.in a report on Wednesday, January 10th. Therefore 67% are positive. 17 are the (NYSE:BAC)'s analyst reports since October 31, 2017 according to StockzIntelligence Inc. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, April 4. As per Friday, January 19, the company rating was maintained by Sandler O'Neill. Keefe Bruyette & Woods maintained it with "Buy" rating and $36.0 target in Thursday, December 21 report. The stock has "Buy" rating by RBC Capital Markets on Wednesday, June 14. Wells Fargo set a $35.00 price objective on Bank of America and gave the stock a "buy" rating in a research note on Wednesday, December 20th. As per Tuesday, November 8, the company rating was downgraded by Deutsche Bank. The firm has "Market Perform" rating given on Monday, October 16 by BMO Capital Markets. As per Thursday, February 1, the company rating was maintained by Jefferies. Bank Amer Corp (Put) now has $304.68 billion valuation. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America's dividend payout ratio is now 26.23%. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans.

Recommended News

  • United Kingdom  joins Syria air strikes in response to chemical attack

    United Kingdom joins Syria air strikes in response to chemical attack

    He said: "The goal of our actions tonight is to establish a strong deterrent against the production, spread, and use of chemical weapons".
    Shenmue I & II Collection's US Retail Price Revealed

    Shenmue I & II Collection's US Retail Price Revealed

    The original Shenmue was considered to be perhaps the most ambitious game of all-time upon its initial release. However, we suspect the modern option will fix some of the.wonkiness of the original game's controls.
    Sony Launches Xperia XZ2 Premium with 16:9 4K Display in 2018

    Sony Launches Xperia XZ2 Premium with 16:9 4K Display in 2018

    It runs on Android 8.0 Oreo flavor out of the box and the latest Android 8.1 update is expected to be rolled out soon. What are your opinions on the design and the specs? Pricing hasn't been announced, but don't expect it to be cheap.
  • China protest against Weibo's cleanup campaign

    China protest against Weibo's cleanup campaign

    While homosexuality is not illegal in the country, there is a strong conservative mindset which the government often pushes. China's internet censors previously announced intentions to ban gay content from the internet .
    Broncos release CJ Anderson

    Broncos release CJ Anderson

    With Anderson gone, only Devontae Booker and De'Angelo Henderson remain on the Denver roster as recognized running backs. Anderson to a four-year, $18 million offer sheet before the Broncos chose to match it.
    Mo Salah: Give me team glory over personal accolades any day

    Mo Salah: Give me team glory over personal accolades any day

    However, he returned to the starting lineup after midweek's assault on Manchester City in the Uefa Champions League . Jürgen Klopp's team eventually advanced 5-1 on aggregate and will play AS Roma in the semi-finals.
  • Manchester City confirmed as champions as rivals United lose

    Manchester City confirmed as champions as rivals United lose

    City are 16 points clear of second placed United, who can only take a maximum of 15 points from their remaining matches. Silva had to take time away from City earlier this season to spend time with his family and new-born son Mateo.
    Enough is enough: Boris Johnson leads media charge on Syria strikes

    Enough is enough: Boris Johnson leads media charge on Syria strikes

    Boris Johnson has defended the decision to launch air strikes on Syria ahead of a Parliamentary debate on the issue, saying they were "right for the United Kingdom and right for the world".

    BJP eroding Ambedkar's legacy: Congress

    We want to ask Rahulji, our two ministers had resigned for joining the rallies in support of the rape accused. This story has been sourced from a third party syndicated feed, agencies.
  • Mata urges United to focus on strong finish

    That didn't make me feel super happy and, in my opinion, it affected some of the people that were too happy. City skipper Vincent Kompany has now won three Premier League titles since joining 10 years ago.
    Russian Federation  starts blocking Telegram messenger - regulator

    Russian Federation starts blocking Telegram messenger - regulator

    Durov said earlier last week the the latest version would have "built-in" features that would avoid the ban. Telegram founder Pavel Durov has maintained that the service does not have access to the encryption tools.
    Kingdom Hearts 3 Has Classic '80s LCD Platformers As Mini-Games

    Kingdom Hearts 3 Has Classic '80s LCD Platformers As Mini-Games

    Fans have been waiting for the release of the upcoming title ever since it was announced in 2013 for Xbox One and PlayStation 4. It all went down at the Kingdom Hearts Union χ [Cross ] event, titled "Dandelion Meeting", that celebrates the mobile game.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.