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Is Buying Bank of America Corporation (NYSE:BAC) Here Good Idea?

Is Buying Bank of America Corporation (NYSE:BAC) Here Good Idea?

A number of other equities research analysts have also weighed in on BAC. The stock of Bank of America Corp (NYSE:BAC) has "Market Perform" rating given on Monday, May 16 by Keefe Bruyette & Woods. Bank of America said the slowdown was "driven by less favorable market conditions across credit-related products, as well as lower volatility in rates products". Bank of America had 87 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies Group LLC reiterated a "buy" rating on shares of Bank of America Corporation in a report on Friday, July 7th. RBC Capital Markets maintained it with "Outperform" rating and $198 target in Thursday, October 29 report. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Nomura maintained it with "Buy" rating and $2700 target in Tuesday, July 18 report.

Bank of America shares were about 1 percent in midday trading to $25.70.

The Boeing Company (NYSE:BA) 0.18% during real-time trade, a total of 2,577,900 shares exchanged hands compared with its average trading volume of 3.75M shares. The firm has a market cap of $271.64 billion, a P/E ratio of 15.38 and a beta of 1.25. Bank of America Corp (NYSE:BAC) has risen 58.64% since October 14, 2016 and is uptrending. The financial services provider reported $0.48 EPS for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.02. The company reported revenue of $22.1 billion, beating Thomson Reuters' estimates of $21.98 billion. Bank of America Corporation had a return on equity of 8.11% and a net margin of 20.28%. During the same quarter previous year, the firm posted $0.41 EPS. 118.95 million shares or 1.53% less from 120.80 million shares in 2017Q1 were reported.

TRADEMARK VIOLATION WARNING: "Vetr Inc". The lender reduced staff by 0.5 percent from the previous quarter to 209,839. If you are viewing this piece on another website, it was illegally copied and reposted in violation of U.S. and global copyright & trademark legislation. The original version of this report can be accessed at https://stocknewstimes.com/2017/10/13/bank-of-america-corporation-bac-earns-buy-rating-from-oppenheimer-holdings-inc.html. About 2.56 million shares traded. Moreover, Rivernorth Capital Management Llc has 1.29% invested in the company for 1.04 million shares. Stockholders of record on Friday, September 1st were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. "Revenue across our four lines of business grew 4 percent, even with a challenging comparable quarter for trading", Bank of America CEO Brian Moynihan said in a statement. This represents a $0.48 annualized dividend and a yield of 1.86%. Bank of America Corporation's payout ratio is now 28.57%.

On Thursday, Citigroup and JPMorgan Chase, both based in NY, kicked off bank-earnings season. Deutsche Bank maintained the stock with "Buy" rating in Tuesday, August 25 report. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Donald Trump Mocks Puerto Rican Accent During Hispanic Heritage Month Speech
The audience chuckles awkwardly as he makes a mockery of the accent, but we can't deal, and neither can Twitter. Trump replied: "We have the world's great military people in this room, I will tell you that".

Among 23 analysts covering Anthem Inc (NYSE:ANTM), 10 have Buy rating, 0 Sell and 13 Hold.

Several large investors have recently bought and sold shares of BAC.

Analysts await M&T Bank Corporation (NYSE:MTB) to report earnings on October, 18. Massmutual Tru Fsb Adv accumulated 2,321 shares or 0% of the stock.

Toronto-Dominion Bank is a Canada bank, which operates in the North America. M&T State Bank Corp stated it has 1.17 million shares. Vanguard Group Inc. now owns 661,494,339 shares of the financial services provider's stock valued at $16,047,853,000 after purchasing an additional 9,117,007 shares in the last quarter. Stock buyback programs are often a sign that the company's board believes its shares are undervalued. Windsor Capital Management Llc owns 262,190 shares or 2.13% of their USA portfolio. Green Square Cap Ltd Liability reported 55,355 shares. Investec Asset Management LTD now owns 17,772,325 shares of the financial services provider's stock valued at $431,157,000 after purchasing an additional 7,231,615 shares in the last quarter. The Maryland-based Financial Consulate Incorporated has invested 0.27% in M&T Bank Corporation (NYSE:MTB). The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services.

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