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.
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.
Congressional Republicans and President Trump have, however, called for a review of federal policy that now permits bump stocks. Kevin de Leon, who is term-limited as the Senate president pro tempore, are also known to be angling for higher office.
Chief Knecht says police believe the man taken into custody "acted alone, although investigation is in its early stages". Although police have described the incident as a suspected terrorist act, terrorism charges have not been laid.
Hamas and Fatah officials held two days of talks in Cairo this week about a Palestinian Authority return to Gaza. Hamas and Fatah organisations began negotiations on reconciliation last Tuesday through Egypt.
Seoul says North Korea has repeatedly staged cyberattacks on South Korean business and government websites. Cheol-hee is a member of the South Korea's ruling party, and sits on the parliament's defence committee.
The visitors, who trail the three-match T20I series 1-0, made one change to the side beaten by nine wickets in the first game. He was dismissed in the 1st over of the Indian innings after getting caught and bowled by Australian pacer Jason Behrendroff.
The violence , backed by radical Buddhist monks, has left scores of Rohingya villages torched and completely destroyed. A Myanmar official tally says hundreds of people died as violence consumed remote communities, including the Rohingya.
Under the Reagan Administration, the USA quit UNESCO in 1984, at the time accusing the agency of a pro- Soviet Union bias. Netanyahu accused UNESCO of "becoming a Theater of Absurd because instead of preserving history, it twists it".
President Donald Trump is scheduled to arrive in Las Vegas Wednesday to meet with officials, first responders and some victims. Marilou Danley , the girlfriend of Las Vegas shooter Stephen Paddock, said she did not know what he was planning.
To begin, the app is able to recognise and communicate information on set topics such as credit cards, loans or internet banking. Just say "OK Google, play Spotify " any time, anywhere and you will be able to enjoy your favorite tunes away from Home.
Las Vegas gunman Stephen Paddock meant to spray giant jet fuel tanks with bullets according to a Las Vegas Review Journal report. It should be noted that even President Obama's daughter Malia was even in attendance at Lollapalooza .
Post their semifinal finish in 2007, Ghana have not been at their best and have qualified only twice in their last seven attempts. The Turks had the better of the first half, with Ahmed Kutucu's headed goal from a corner putting them 1-0 in front.
The Pixel 2 XL will let you insert augmented reality virtual stickers that you can add into either photographs or videos. Basically, you point the Pixel's camera to, say, an event poster which contains a phone number and an email address.
This document lists 20 guiding principles that define religious freedom and how the government should correspondingly act . Attorney General Jeff Sessions issued two memos this week that critics say put the rights of the LGBTQ community at risk.
The VR suite is just like being in your own home, blanks walls ready to decorate and you can decorate as you wish. We've already seen similar products that the likes of Acer, Dell, Lenovo, ASUS, and others have been working on.
The next couple of games went past within a blink of an eye, and Harrison soon found himself serving for the set at 5-3 up. The second semifinals match will feature Roger Federer , who faces Juan Martin del Potro for the 23rd time in his career.
But for parents who don't want to review everything in advance, the option to set pre-approved spending limits is available, too. If there's a mistake in ordering, parents will be able to cancel and return any item as long as it meets Amazon's policies.
Trump again called the report "fake news " and added that such an increase in the nuclear arsenal was "totally unnecessary". He followed up nearly immediately with his veiled threat to strip NBC of their licence.
Factory output recorded a muted 0.9 per cent growth in July 2017, which was the first month after GST implementation. As food prices remained steady, the country's retail inflation also remained flat at 3.28% in September.
Donald Trump's first wife is refusing to even utter the name of wife No. 2, referring to Maples only as a "showgirl". She declined to talk about the 2005 "Access Hollywood" tape, saying, "I don't want to go into it".
The Department of Health and Human Services says that 99.9% of women won't be affected by the new rule, which makes it ok. The religious exemption would cover a religious affiliated nonprofit employer, such as a church, school or charity.
In a bid to rally May, audience members gave her a standing ovation while she moved away from the microphone to clear her throat. But she defined the "British dream" for most people as the prospect that "their children will do better than themselves".
Jeff Davis Parish has the chance to make a difference in the lives of those have died or are living with breast cancer . The good news is that most women can survive breast cancer if it's found and treated early.
But Kurdish leaders have said they will use it to press for negotiations on eventually forming their own state. Iran and Turkey have resolved to work together to ease tension in the crisis-hit Middle East region.