Bank of America Corporation (NYSE: BAC)


It has underperformed by 29.77% the S&P500.

Bank of America Corp, the second-largest USA bank by assets, reported a 15 percent rise in quarterly profit as the lender kept a tight leash on costs and benefited from higher interest rates. BAC's total short interest was 98.99M shares in October as published by FINRA. Its up 0.85% from 98.15 million shares previously. Tarbox Family Office Inc. grew its holdings in Bank of America Corporation by 0.4% during the second quarter. Lower trading revenue has been a factor across the industry and Bank of America's global markets segment is down 0.5%. The stock increased 1.55% or $0.4 during the last trading session, reaching $25.83. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 0.53% and standing 3.87% away from 50-Day Simple Moving Average while traded up 6.81% from 200-Day Simple Moving Average.

Bank of America, the second-largest US bank by assets, employs about 15,000 in Charlotte. It has outperformed by 41.94% the S&P500.

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After an initial lift from last November's election, Bank of America shares climbed 4.6% in the past month. The stock has a market cap of $271.64 billion, a price-to-earnings ratio of 15.38 and a beta of 1.25. Through the Bank, the Company provides a range of financial services and products to customers, including lending and deposit products. It has a 17.39 P/E ratio. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through four business divisions: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.

Investors sentiment decreased to 1.12 in 2017 Q2. Stockholders of record on Friday, September 1st were given a dividend of $0.12 per share. Athena Advisors Limited has 0.48% invested in Bank of America Corp (NYSE:BAC) for 76,235 shares. 47 funds opened positions while 158 raised stakes. Mycio Wealth Partners LLC now owns 38,536 shares of the financial services provider's stock valued at $909,000 after purchasing an additional 16,886 shares in the last quarter. Federated Pa accumulated 123,434 shares. Vetr raised shares of Bank of America Corporation from a "hold" rating to a "buy" rating and set a $26.59 target price on the stock in a research report on Monday. The biggest holder now is Mr. Thomas K. Montag who owns 1,548,615 shares (0.01% of those outstanding), whilst Kenneth D Lewis holds 1,430,026 (0.01% of shares outstanding) and Mr. Brian T. Moynihan holds 1,093,505 (0.01% of shares outstanding). The New York-based Maltese Capital Management Llc has invested 0.25% in the stock. British Columbia Mgmt holds 73,234 shares or 0.09% of its portfolio. Louisiana State Employees Retirement Sys invested 0.74% of its portfolio in Bank of America Corp (NYSE:BAC). Aqr Cap Limited Liability reported 8.05 million shares. Northwest Inv Counselors Limited Liability Company, Oregon-based fund reported 4,125 shares. Janus Henderson Group PLC now owns 13,598,678 shares of the financial services provider's stock valued at $329,911,000 after purchasing an additional 11,619,173 shares in the last quarter. The stock has "Buy" rating by Oppenheimer on Tuesday, July 18. Therefore 66% are positive. Credit Suisse Group reaffirmed an "outperform" rating on shares of Bank of America Corporation in a report on Tuesday. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by RBC Capital Markets on Tuesday, July 18. On Wednesday, April 12 the stock rating was maintained by BMO Capital Markets with "Hold". Nomura upgraded the shares of BAC in report on Tuesday, September 8 to "Buy" rating. The rating was downgraded by Macquarie Research on Friday, August 4 to "Sell". The firm earned "Mkt Perform" rating on Tuesday, August 25 by Bernstein.

Bank of America's quarterly return on equity was 8.1%, up from the prior quarter and better than rival Citigroup Inc.'s, though below J.P. Morgan Chase & Co.'s and the bank's 10% theoretical cost of capital. The firm has "Buy" rating by Deutsche Bank given on Tuesday, January 26. The rating was upgraded by Atlantic Securities to "Overweight" on Wednesday, December 21. Therefore 36% are positive. Toronto-Dominion Bank had 60 analyst reports since August 29, 2015 according to SRatingsIntel. The rating was maintained by Brean Capital on Monday, February 22 with "Buy". As per Wednesday, July 13, the company rating was initiated by Berenberg. The stock has "Buy" rating by Jefferies on Thursday, August 17.