Checking the Overall Picture for Bank of America Corporation (BAC)

Marco Green
November 14, 2017

The stock increased 0.76% or $0.75 during the last trading session, reaching $99.6. About shares traded. Global Payments Inc (NYSE:GPN) has risen 21.35% since November 14, 2016 and is uptrending. It has underperformed by 17.65% the S&P500.

As of now, the increased share price of Bank of America Corporation makes it a lucrative buy for investors. Eagle Ridge Investment Management now owns 369,452 shares of the financial services provider's stock valued at $8,715,000 after buying an additional 15,232 shares in the last quarter. Bank Amer Corp (Call) now has $275.37B valuation.

The ROA of Bank of America Corporation is now valued at 0.80% indicating how profitable the company is in regards to its total assets. About 840 shares traded.

High Pointe Capital Management LLC lessened its position in Bank of America Corporation (NYSE:BAC) by 4.2% in the 2nd quarter, according to its most recent filing with the SEC. It has outperformed by 41.94% the S&P500. Finally, Nomura upped their price objective on shares of Bank of America Corporation from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Monday, October 16th. Therefore 67% are positive. Zacks Investment Research lowered Bank of America Corporation from a "hold" rating to a "sell" rating in a report on Tuesday, October 10th. October 16 investment analysts at BMO Capital Markets kept the stock rating at "Market Perform" targeting a price of $29.00. Bank of America Corporation presently has a consensus rating of "Buy" and a consensus price target of $25.82. The rating was maintained by Oppenheimer on Tuesday, October 6 with "Outperform". BMO Capital Markets maintained the shares of BAC in report on Friday, October 6 with "Hold" rating.

Among 9 analysts covering Unilever NV (NYSE:UN), 5 have Buy rating, 1 Sell and 3 Hold. RBC Capital Markets maintained Bank of America Corp (NYSE:BAC) rating on Wednesday, April 5. The firm earned "Hold" rating on Tuesday, September 1 by Macquarie Research. Gofen Glossberg Lc Il invested 0.03% in Bank of America Corp (NYSE:BAC). (NYSE:DAR) by 2.07 million shares to 16.04 million shares, valued at $252.54M in 2017Q2, according to the filing. Wells Fargo Co (NYSE:WFC) was raised too.

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on January, 12. During the same period in the previous year, the company posted $0.41 earnings per share. BAC's profit will be $4.90 billion for 14.04 P/E if the $0.47 EPS becomes a reality. During the same period in the prior year, the firm posted $0.41 earnings per share. sell-side analysts anticipate that Bank of America Corporation will post 1.8 EPS for the current fiscal year. Stockholders of record on Friday, December 1st will be given a dividend of $0.12 per share. It also reduced its holding in Modine Manufacturing Co (NYSE:MOD) by 373,210 shares in the quarter, leaving it with 240,600 shares, and cut its stake in Nuvasive Inc (NASDAQ:NUVA). Lmm Ltd Liability Corporation invested 2.53% of its portfolio in Bank of America Corp (NYSE:BAC). Optimum Inv Advisors reported 30,745 shares or 0.26% of all its holdings.

Short traders are more bearish on the company if you take a look at the increase in short interest. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Bank of America Corporation by 1.9% in the second quarter. The stock of The Western Union Company (NYSE:WU) earned "Hold" rating by RBC Capital Markets on Friday, August 18. Markston Intll Ltd Liability Co has invested 2.02% in Bank of America Corp (NYSE:BAC). The rating was maintained by BMO Capital Markets on Wednesday, April 12 with "Hold". First Dallas Secs accumulated 60,977 shares.

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Among 36 analysts covering Global Payments Inc. Therefore 43% are positive. The rating was maintained by Wedbush with "Buy" on Friday, August 11. The stock of Bank of America Corp (NYSE:BAC) has "Buy" rating given on Tuesday, August 25 by Deutsche Bank. The rating was maintained by Wedbush with "Outperform" on Saturday, August 29. The stock has "Neutral" rating by Citigroup on Monday, October 9. The stock has "Buy" rating by Keefe Bruyette & Woods on Tuesday, October 3.

Investors sentiment decreased to 0.63 in 2017 Q2. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.82%. It dived, as 27 investors sold Denny's Corporation shares while 49 reduced holdings. 16 funds opened positions while 32 raised stakes. Principal Fin Incorporated holds 0.47% or 19.23M shares in its portfolio. 853,155 were reported by Markston Limited Liability Corporation. Goldman Sachs holds 0% or 116,769 shares in its portfolio. Hedge funds and other institutional investors own 62.19% of the company's stock. Arrowstreet Capital L P accumulated 0.03% or 723,154 shares. Brinker owns 20,390 shares or 0.01% of their USA portfolio. Roundview Cap Limited Com invested in 1.62% or 229,142 shares. Rhumbline Advisers reported 0% of its portfolio in Denny's Corporation (NASDAQ:DENN). Fulton Bank Na holds 0.2% or 107,285 shares in its portfolio. Royal Retail Bank Of Canada invested in 88 shares. The company has market cap of $806.24 million. As of December 28, 2016, the Denny's brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 global locations.

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