Bank of America beats Q3 estimates

Bank of America beats Q3 estimates

The stock has "Outperform" rating by RBC Capital Markets on Wednesday, November 2. Barclays Capital maintained Bank of America Corp (NYSE:BAC) on Tuesday, January 3 with "Equal Weight" rating.

ILLEGAL ACTIVITY WARNING: "Credit Suisse Group Reaffirms Outperform Rating for Bank of America Corporation (BAC)" was first posted by BBNS and is the sole property of of BBNS.

Among 22 analysts covering Blackberry (NASDAQ:BBRY), 2 have Buy rating, 4 Sell and 16 Hold. The firm has "Hold" rating given on Tuesday, November 8 by Deutsche Bank. As per Friday, December 2, the company rating was maintained by Scotia Capital. RBC Capital Markets maintained KEYW Holding Corp.

Proffitt & Goodson Inc decreased Bank Amer Corp (BAC) stake by 28.18% reported in 2017Q2 SEC filing.

Bank of America shares were about 1 percent in midday trading to $25.70. Net income attributable to common shareholders rose to $5.12 billion in third quarter ended September 30 from $4.45 billion in the year-ago period. Vanguard Group Inc is the second biggest holder with 661 million shares now valued at 16.05 B million whilst State Street Corp has 443 million shares valued at 10.75 B million.

The bank's shares rose 0.6 percent to $25.59 at 10:13 NY. 104,196,860 shares of the stock were exchanged. The stock of Bank of America Corp (NYSE:BAC) has "Outperform" rating given on Friday, January 29 by CLSA. It has outperformed by 41.94% the S&P500. The Manufacturers Life Insurance Company increased its holdings in shares of Bank of America Corporation by 27.8% during the 2nd quarter. The company has market cap of $48.27 billion. It is an online financial services firm, with over 10.2 million online and mobile customers. It has a 17.39 P/E ratio. The bulk of the bank's bad loans are tied to USA credit-card users, according to the statement. Finally, Tarbox Family Office Inc. increased its position in Bank of America Corporation by 0.4% during the second quarter. This buyback authorization allows the financial services provider to purchase up to 4.8% of its shares through open market purchases. Tru Of Oklahoma holds 14,400 shares. It has underperformed by 16.70% the S&P500. Therefore 66% are positive. Buckingham Research reiterated a "buy" rating and set a $30.00 price target (up previously from $27.00) on shares of Bank of America Corporation in a report on Monday, July 10th. Bank of America Corporation now has a consensus rating of Buy and an average target price of $24.92. The stock has "Buy" rating by Guggenheim on Thursday, August 3. Capital Management Corp VA grew its holdings in Bank of America Corporation by 0.3% during the second quarter. Nomura upgraded the shares of BAC in report on Tuesday, September 8 to "Buy" rating. Goldman Sachs has "Buy" rating and $250 target. Jefferies maintained it with "Buy" rating and $19 target in Monday, October 10 report. BMO Capital Markets maintained the shares of BAC in report on Wednesday, August 23 with "Hold" rating. The rating was maintained by Robert W. Baird on Friday, September 29 with "Hold".

Investors sentiment increased to 0.9 in 2017 Q2. Its down 0.03, from 1.15 in 2017Q1. It fall, as 79 investors sold BAC shares while 543 reduced holdings.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Park West Asset Mgmt reported 0.02% stake. Yacktman Asset Lp holds 1.11M shares. Shares are up roughly 17 percent so far this year. Broadview Advisors Ltd Llc holds 34,100 shares. AQR Capital Management LLC now owns 8,462,687 shares of the financial services provider's stock valued at $199,635,000 after purchasing an additional 1,483,772 shares during the period. Janney Montgomery Scott Ltd Liability Company invested in 0.05% or 26,778 shares.

Stieven Capital Advisors L.P. holds 0.97% of its portfolio in Community West Bancshares for 511,835 shares. 42,600 are held by Aviance Cap Partners Limited Liability Corporation. Icon Advisers Inc reported 897,710 shares stake. Nikko Asset Americas reported 50,600 shares stake. Waldron LP now owns 24,550 shares of the financial services provider's stock valued at $578,000 after purchasing an additional 12,978 shares during the period. It also reduced Juniper Networks Inc (NYSE:JNPR) stake by 68,020 shares and now owns 3,280 shares. Dbx Etf Tr (DBEU) was raised too.

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