Bank of America (NYSE:BAC) PT Raised to $35.00

Elias Hubbard
January 13, 2018

The Stock has its 52-week High of $30.73 and 52-Week Low of $22.01 and it touched its 52-week high on 01/10/18 and 52-Week Low on 01/17/17.

The counter witnessed a trading volume of 0.54 million shares versus an average volume of 0.37 million shares during last trading session.

Many analysts are providing their Estimated Earnings analysis for Bank of America Corporation and for the current quarter 22 analysts have projected that the stock could give an Average Earnings estimate of $0.44/share.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Friday, October 13th. It has outperformed by 41.94% the S&P500. Hyster-Yale Materials Handling, Inc. While it's Return on Investment (ROI) value is 4.6%. Swiss National Bank & Trust holds 86,350 shares. Applied Materials Inc now has $57.95B valuation. The stock decreased 0.33% or $0.1 during the last trading session, reaching $30.45. Century Aluminum Company (NASDAQ:CENX) has risen 116.20% since January 10, 2017 and is uptrending. It has outperformed by 88.50% the S&P500.

Eulav Asset Management decreased Wix Com Ltd (NASDAQ:WIX) stake by 4,500 shares to 10,300 valued at $740,000 in 2017Q3. Northwestern Mutual Wealth owns 299,941 shares. (NYSE:VZ). Sterneck Cap Mgmt Ltd Liability has invested 3.21% in Verizon Communications Inc. The company reported the earnings of $0.48/Share in the last quarter where the estimated EPS by analysts was $0.45/share.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America's dividend payout ratio (DPR) is 27.91%. Bank of America's revenue for the quarter was up 2.1% on a year-over-year basis. analysts expect that Bank of America Corp will post 1.79 EPS for the current year.

To gain some better insight into how Bank of America Corporation (NYSE:BAC) is performing, let's look at some of the company's recent insider trading activity. Aull And Monroe Management Corp reported 0.99% in Bank of America Corporation (NYSE:BAC). While talking about Performance of the Stock, Bank of America Corporation now has a Weekly performance of 2.52%, monthly performance percentage is 5.16 percent, Quarterly performance is 17.82 percent, 6 months performance shows a percent value of 25.46% and Yearly Performance is 33.17 percent. On Monday, August 24 the stock rating was upgraded by KBW to "Outperform". The stock of Bank of America Corporation (NYSE:BAC) earned "Outperform" rating by Keefe Bruyette & Woods on Tuesday, November 29. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, December 6. Brown Advisory Inc bought 10,144 shares as the company's stock declined 6.89% while stock markets rallied. On Tuesday, September 13 the stock rating was downgraded by Societe Generale to "Hold". The firm earned "Buy" rating on Tuesday, September 1 by Robert W. Baird. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Investors of record on Friday, December 1st were paid a $0.12 dividend. It dropped, as 68 investors sold BAC shares while 569 reduced holdings. The correct version of this report can be viewed at Torray Lc holds 856,418 shares or 2.15% of its portfolio. Odey Asset Grp Ltd holds 3.51% of its portfolio in Bank of America Corporation (NYSE:BAC) for 1.53 million shares. Stephens Ar reported 910,940 shares. Peloton Wealth Strategists stated it has 49,100 shares. Pzena Investment Management LLC owned 0.19% of Bank of America worth $497,383,000 as of its most recent filing with the Securities & Exchange Commission. Acg Wealth holds 0.35% or 78,463 shares in its portfolio. Waters Parkerson And Co Limited Liability Corporation owns 1.00M shares for 2.24% of their portfolio. Buckhead Cap Mngmt Limited Co accumulated 316,275 shares. State Street has 434.19M shares. United Kingdom-based River & Mercantile Asset Llp has invested 1.89% in Bank of America Corporation (NYSE:BAC). Nationwide Fund holds 39,828 shares. Manatuck Hill Prtnrs Limited Liability reported 1.68% stake. Moreover, Old Second Natl Bank Of Aurora has 1.02% invested in Bank of America Corporation (NYSE:BAC) for 97,028 shares.

Among 26 analysts covering Verizon Communications Inc. (NASDAQ:NTES) to report earnings on February, 21. During the same period in the prior year, the company earned $0.41 EPS. BAC's profit will be $4.80B for 16.63 P/E if the $0.46 EPS becomes a reality. After $0.17 actual EPS reported by Howard Bancorp, Inc. for the previous quarter, Wall Street now forecasts 29.41% EPS growth.

Since August 28, 2017, it had 0 insider buys, and 3 selling transactions for $89,365 activity. Therefore 36% are positive. Telus Corporation had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has "Hold" rating by BMO Capital Markets on Friday, October 6. The firm has "Buy" rating given on Thursday, June 2 by Goldman Sachs. The company was maintained on Friday, October 6 by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Tuesday, January 19 with "Outperform". The stock of Applied Materials, Inc. Canaccord Genuity initiated it with "Hold" rating and $42 target in Thursday, July 23 report. Robert W. Baird downgraded Bank of America Corporation (NYSE:BAC) on Wednesday, November 16 to "Neutral" rating. Credit Suisse maintained the stock with "Buy" rating in Thursday, June 1 report. The rating was maintained by Jefferies on Friday, August 11 with "Buy". (NYSE:RSG) for 1.21M shares. Arbor Investment Advisors LLC now owns 14,328 shares of the financial services provider's stock valued at $348,000 after acquiring an additional 46 shares in the last quarter. Chevron Corp New (NYSE:CVX) was raised too.

Investors sentiment decreased to 0.84 in 2017 Q3. Its up 0.24, from 0.82 in 2017Q2. It turned negative, as 20 investors sold CENX shares while 50 reduced holdings. 10 funds opened positions while 21 raised stakes. Engineers Gate Manager Ltd Partnership accumulated 0.15% or 108,935 shares. Da Davidson, a Montana-based fund reported 236,520 shares. Winfield Inc has invested 0% in American Campus Communities, Inc. Ameritas stated it has 0% of its portfolio in Howard Bancorp, Inc. (NYSE:VZ). Profund Limited Com reported 115,009 shares. Appleton Partners Ma holds 44,000 shares. Inc. now owns 18,303 shares of the financial services provider's stock valued at $432,000 after purchasing an additional 4,603 shares during the period. (NASDAQ:AMAT) or 47.63M shares.

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