Published: Fri, October 13, 2017
Business | By Max Garcia

Bank of America Corp (BAC) Q3 Profit, Revenue Top Expectations

Bank of America Corp (BAC) Q3 Profit, Revenue Top Expectations

Hartwell J M Limited Partnership acquired 20,170 shares as Expedia Inc. The stock increased 0.85% or $0.48 during the last trading session, reaching $56.64. It has outperformed by 1.83% the S&P500.

Fulton Bank increased Bank Amer Corp (BAC) stake by 19.23% reported in 2017Q2 SEC filing. Nokota Management Lp bought 3.48 million shares as the company's stock declined 6.00% while stock markets rallied. The Avenir Corp holds 1.55 million shares with $37.63 million value, up from 1.29 million last quarter. Bank Amer Corp now has $270.20B valuation. They now have a $27.00 target price on the financial services provider's stock, up from their previous target price of $25.00. About 6,257 shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since October 13, 2016 and is uptrending. It has outperformed by 41.94% the S&P500. Cref Mut Fds was reduced too.

Bank of America Corporation (BAC) stock was most active stock of Wall Street Market on Thursday. Therefore 66% are positive.

Bank of America also got an important vote of confidence in August when Warren Buffett's Berkshire Hathaway Inc. officially became the bank's largest shareholder, a result of an investment Berkshire initially made in 2011.

Director, White Michael D, purchased 25,000 common shares of Bank of America Corporation (BAC) in the open market. The stock of Clean Harbors Inc (NYSE:CLH) has "Buy" rating given on Thursday, February 23 by Needham. The company has its outstanding shares of 10.38B. On Friday, July 7 the stock rating was maintained by Jefferies with "Buy". The ex-dividend date of this dividend was Wednesday, August 30th. The firm has "Buy" rating by Jefferies given on Thursday, September 14. Deutsche Bank maintained the shares of BAC in report on Tuesday, August 25 with "Buy" rating. The firm has "Buy" rating by Robert W. Baird given on Tuesday, September 1. On Wednesday, December 21 the stock rating was upgraded by Atlantic Securities to "Overweight".

Investors sentiment decreased to 1.12 in 2017 Q2. This represents a $0.48 annualized dividend and a yield of 1.89%. It fall, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. (NASDAQ:AAPL) stake by 11,600 shares and now owns 805,199 shares. Company insiders own 0.18% of the company's stock. 74,500 were reported by Legg Mason Asset Management (Japan). Boys Arnold & reported 44,905 shares or 0.14% of all its holdings. Pennsylvania holds 111,909 shares. Vident Investment Advisory Limited Liability Co owns 0.03% invested in Bank of America Corp (NYSE:BAC) for 13,725 shares. First Fincl In stated it has 5,668 shares. Illinois-based Front Barnett Assocs Ltd has invested 2.01% in Bank of America Corp (NYSE:BAC). Mcdaniel Terry owns 178,996 shares or 4.01% of their U.S. portfolio.

Bank of America Corporation (NYSE:BAC) last posted its quarterly earnings data on Tuesday, July 18th. Bremer Trust Association invested in 0.07% or 10,041 shares. Massachusetts Fincl Svcs Ma holds 0.05% of its portfolio in Clean Harbors Inc (NYSE:CLH) for 2.10M shares. Bank of America Corporation's dividend payout ratio (DPR) is presently 28.57%.

Investors sentiment decreased to 1.29 in 2017 Q2. Its down 0.09, from 0.84 in 2017Q1. 124.48 million shares or 4.08% more from 119.60 million shares in 2017Q1 were reported. It also reduced its holding in Liberty Interactive Corp by 264,879 shares in the quarter, leaving it with 340,691 shares, and cut its stake in Caesars Acquisition Co (NASDAQ:CACQ). 5,180 are held by Raymond James Tru Na. Tnb accumulated 35,603 shares. Institutional investors own 61.64% of the company's stock. The Quebec - Canada-based Addenda Cap has invested 0.37% in PepsiCo, Inc. Boyar Asset Mgmt Incorporated has 195,170 shares for 3.48% of their portfolio. Moody Comml Bank Division invested in 0.03% or 4,505 shares. Investment Mngmt Of Virginia Ltd Llc holds 63,113 shares. Rudman Errol M invested in 45,000 shares.

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