Bank of America (BAC) Getting Somewhat Positive Media Coverage, Study Finds

Marco Green
February 25, 2018

Whalerock Point Partners Llc acquired 13,400 shares as Bank Of America Corp (BAC)'s stock declined 6.00%. The institutional investor held 321,762 shares of the major banks company at the end of 2017Q3, valued at $8.15M, up from 282,882 at the end of the previous reported quarter. Oakmont Corp who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $329.50 billion market cap company.

The stock increased 1.58% or $0.36 during the last trading session, reaching $23.11. About 11.16 million shares traded or 3.58% up from the average. eBay Inc.

Oakbrook Investments LLC lowered its stake in Bank of America Corp (NYSE:BAC) by 18.6% during the fourth quarter, HoldingsChannel.com reports. It has outperformed by 12.04% the S&P500. The hedge fund run by Michael Novogratz held 130,697 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $11.61M, up from 123,361 at the end of the previous reported quarter. The stock increased 1.01% or $1.19 during the last trading session, reaching $118.75.

Knightsbridge Asset Management Llc, which manages about $398.58 million and $143.83 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 18,258 shares to 48,730 shares, valued at $7.51M in 2017Q3, according to the filing. KeyCorp (NYSE:KEY) has risen 43.10% since February 24, 2017 and is uptrending. It has outperformed by 36.10% the S&P500.

Investors sentiment decreased to 1.04 in Q3 2017. This represents a $0.48 annualized dividend and a yield of 1.50%. It dived, as 68 investors sold BAC shares while 569 reduced holdings.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 17th. Bank of America's revenue for the quarter was up 3.5% on a year-over-year basis. equities analysts anticipate that Bank of America will post 2.46 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: "Bank of America (BAC) Getting Somewhat Positive Media Coverage, Study Finds" was reported by BBNS and is owned by of BBNS. The Colorado-based Elk Creek Partners Llc has invested 1.25% in the stock. The Massachusetts-based Howland Management Llc has invested 0.03% in Bank of America Corporation (NYSE:BAC). Barrow Hanley Mewhinney Strauss Limited Liability Corporation owns 2.33% invested in Bank of America Corporation (NYSE:BAC) for 60.99 million shares. TIAA CREF Investment Management LLC boosted its holdings in Bank of America by 1.7% in the 2nd quarter. Par Capital Management Incorporated holds 0.98% or 1.00M shares. 10 accumulated 122,536 shares. Boston Private Wealth Ltd Limited Liability Company accumulated 0.45% or 460,261 shares. 878.69 million shares or 1.02% less from 887.72 million shares in 2017Q2 were reported. Teewinot Advisers Limited Liability reported 590,756 shares. Legal & General Gp Public Limited holds 0.98% or 51.18 million shares in its portfolio. ValuEngine downgraded shares of Bank of America from a "buy" rating to a "hold" rating in a report on Tuesday, January 16th. Therefore 67% are positive. Rafferty upgraded the shares of KEY in report on Tuesday, October 25 to "Buy" rating. Bank of America now has an average rating of "Buy" and an average target price of $30.21. Evercore initiated the stock with "Hold" rating in Monday, August 17 report. BMO Capital Markets upped their price target on shares of Bank of America to $34.00 and gave the company an "average" rating in a research note on Thursday, January 18th. The firm has "Buy" rating by Piper Jaffray given on Thursday, July 20. Desjardins Securities downgraded the stock to "Hold" rating in Friday, November 10 report. On Monday, April 24 the stock rating was downgraded by Berenberg to "Hold". The firm has "Hold" rating given on Friday, August 25 by Robert W. Baird.

Rench Wealth Management Inc, which manages about $147.20 million and $145.23 million US Long portfolio, decreased its stake in W P Carey Inc (NYSE:WPC) by 17,204 shares to 46,345 shares, valued at $3.12 million in 2017Q3, according to the filing. (NYSE:JPM) to report earnings on April, 12.

Analysts await JPMorgan Chase & Co. BAC's profit will be $6.07 billion for 13.57 P/E if the $0.59 EPS becomes a reality. Finally, Zacks Investment Research upgraded Bank of America from a "hold" rating to a "buy" rating and set a $33.00 target price for the company in a research note on Tuesday, January 2nd. Therefore 100% are positive. Amazon.com had 275 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating by Stifel Nicolaus given on Sunday, December 10. The stock has "Buy" rating by Guggenheim on Monday, February 12. The firm has "Outperform" rating by Cowen & Co given on Tuesday, August 25. Wells Fargo maintained it with "Market Perform" rating and $64 target in Monday, October 30 report. (NYSE:TEN) has "Hold" rating given on Tuesday, July 11 by RBC Capital Markets. Elizabeth Park Capital Advisors Ltd bought 159,776 shares as the company's stock declined 6.49% while stock markets rallied. The firm has "Buy" rating given on Thursday, December 14 by Citigroup. The company was maintained on Thursday, March 16 by Scotia Capital.

Investors sentiment decreased to 0.85 in 2017 Q3. Its up 0.02, from 0.97 in 2017Q2. 1ST Source Bank raised its stake in Bank of America by 4.8% during the 3rd quarter. Amalgamated Savings Bank stated it has 8,382 shares. Highbridge Capital Mgmt Limited Liability Company reported 0.06% stake. First Citizens National Bank & Trust Trust invested in 343,868 shares. Apriem Advisors holds 1.11% or 176,364 shares in its portfolio. Albion Financial Ut stated it has 0.08% in Bank of America Corporation (NYSE:BAC). Axiom Lc De holds 0.77% or 1.82M shares. Moreover, Jfs Wealth Advisors Ltd has 0.07% invested in Bank of America Corporation (NYSE:BAC). Thomas White holds 61,020 shares. Moreover, St Germain D J has 0.06% invested in Bank of America Corporation (NYSE:BAC) for 18,538 shares. (NYSE:DY). New York State Teachers Retirement Systems stated it has 0.01% in Dycom Industries, Inc. Invesco reported 0% stake.

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