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

Bringing Costs Down       Bank of America posted its lowest expense-to-revenue ratio in years              Source Company filings

Bringing Costs Down Bank of America posted its lowest expense-to-revenue ratio in years Source Company filings

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.

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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.

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