Bank Of America Corp (NYSE:BAC) Stock Sentiment Increases to 1.19

May 16, 2018 - By Carolyn Hewitt

Bank of America Corporation (NYSE:BAC) Corporate Logo

Positions for Bank Of America Corp (NYSE:BAC)

“Big money sentiment for Bank Of America Corp (NYSE:BAC) in 2017 Q4 increased to 1.19, according to SEC filings. That’s up 0.15, from 2017Q3’s 1.04. 747 investment professionals increased and started new positions, while 627 decreased and sold equity positions in Bank Of America Corp so the sentiment is more positive. These funds own 6.85 billion shares, that’s down from 6.91 billion shares in 2017Q3. Funds holding Bank Of America Corp in top 10 increased from 202 to 233 for an increase of 31. 66 Investors Sold All; 561 Reduced Holdings; 585 increased holdings while 162 investment professionals bought holdings.

Significant Bank Of America Corp Shareholders

As of 2017 Q4 Daily Journal Corp has 39.31% invested in Bank Of America Corp. As of 2017 Q4, 1.35 million shares of Bank Of America Corp are owned by Toscafund Asset Management Llp. Moreover, Theleme Partners Llp reported 13.32 million shares in Bank Of America Corp equivalent to 18.43% of its fund portfolio. Salzhauer Michael revealed 1.52 million shares position in Bank Of America Corp. The Bahamas-based fund First Trust Bank Ltd. looks positive on Bank Of America Corp, possessing 210,721 shares.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide.The firm is valued at $315.03 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets.The P/E ratio is 19.93. 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.

Ticker’s shares touched $31.07 during the last trading session after 0.48% change.Currently Bank of America Corporation is uptrending after 28.18% change in last May 16, 2017. BAC has also 35.58 million shares volume. BAC outperformed the S&P 500 by 16.63%.

Bank of America Corporation (NYSE:BAC)’s earnings report is expected on July, 17., RTT reports. Analysts predict $0.64 earnings per share, which is $0.18 up or 39.13 % from 2017’s $0.46 earnings per share. If BAC’s EPS is $0.64 the profit will reach $6.49B for 12.14 P/E. Analysts at Wall Street see Bank of America Corporation’s 3.23 % EPS growth compared to $0.62 earnings per share for previous quarter.

Chickasaw Capital Mgmt Lc owns 7,922 shs. Nj State Employees Deferred Compensation Plan holds 0.49% of its capital in Bank of America Corporation (NYSE:BAC) for 95,082 shs. Patten And Patten Tn, a Tennessee-based fund reported 252,113 shs. California-based Ssi Mgmt has invested 0.08% in Bank of America Corporation (NYSE:BAC). Staley Capital Advisers owns 9,210 shs or 0.02% of their US capital. Farmers Trust holds 0.08% or 9,190 shs in its capital. Wetherby Asset Mngmt Inc holds 0.62% or 151,271 shs. Osborne Partners Cap Ltd Liability Corporation invested in 0.12% or 30,155 shs. Acadian Asset Mgmt reported 0.02% of its capital in Bank of America Corporation (NYSE:BAC). State Of Wisconsin Investment Board invested in 13.80M shs or 1.12% of the stock. Dorsey Whitney Co Limited Liability Company reported 60,483 shs or 0.33% of all its holdings. Adirondack Tru Co invested in 0.14% or 6,299 shs. Meiji Yasuda Life Insurance holds 223,759 shs or 0.91% of its capital. Kcm Invest Ltd Com invested in 0.54% or 311,713 shs. Timucuan Asset Fl owns 11,015 shs.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

In total 16 analysts cover Bank of America (NYSE:BAC). “Buy” rating has 11, “Sell” are 0, while 5 are “Hold”. 69% are bullish. 20 are the (NYSE:BAC)’s analyst reports since December 5, 2017 according to StockzIntelligence Inc. On Friday, February 2 Morgan Stanley maintained Bank of America Corporation (NYSE:BAC) with “Overweight” rating. In Wednesday, January 17 report BMO Capital Markets maintained it with “Hold” rating and $34.0 target. On Wednesday, April 4 the stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given by Keefe Bruyette & Woods. In Friday, January 19 report Sandler O’Neill maintained the stock with “Buy” rating. On Wednesday, December 6 the company was maintained by RBC Capital Markets. On Tuesday, January 9 the stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given by Societe Generale. On Monday, April 16 the firm has “Buy” rating by Vining Sparks given. On Tuesday, April 24 Citigroup maintained the shares of BAC in report with “Neutral” rating. The company rating was maintained by Wells Fargo on Wednesday, December 20. The stock rating was maintained by Raymond James with “Buy” on Tuesday, December 5.

For more Bank of America Corporation (NYSE:BAC) news released briefly go to: Themiddlemarket.com, Seekingalpha.com, Nasdaq.com, Bizjournals.com or Benzinga.com. The titles are as follows: “M&A daily wrap: NFL’s Carolina Panthers, Cam Newton, David Tepper, Appaloosa, Brynwood, Chicago Pacific Founders” released on May 16, 2018, “Bank Of America: Don’t Let $30 Slip Away” on May 13, 2018, “A Vicious Debt Cycle Could Send Interest Rates Much Higher” with a publish date: May 16, 2018, “Five real estate teams selected to submit plan for two-block North Tryon project” and the last “Warren Buffett Pushing More Cash To Equities; ‘Big 5’ Stocks Still At The Top” with publication date: May 16, 2018.

Bank of America Corporation (NYSE:BAC) Institutional Investors Chart

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