Earnings Reaction History: Bank of America Corporation, 33.3% Follow-Through Indicator, 1.5% Sensitive


Earnings Reaction History: Bank of America Corporation, 33.3% Follow-Through Indicator, 1.5% Sensitive

Capital Management Corp VA boosted its position in Bank of America Corporation by 0.3% in the 2nd quarter. They now have a $27.00 target price on the financial services provider's stock, up from their previous target price of $25.00. Clean Harbors Inc. had 32 analyst reports since July 27, 2015 according to SRatingsIntel.

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. Dana Advisors Incorporated owns 1.58% invested in Bank of America Corp (NYSE:BAC) for 1.38 million shares.

What Historical Figures Say About Bank of America Corporation (NYSE: BAC)? Intersect Ltd stated it has 0.12% in Bank of America Corp (NYSE:BAC). The stock has "Buy" rating by Renaissance Macro Securities LLC on Sunday, July 23. BAC's latest closing price was 6.81% away from the average price of 200 days while it maintained a distance of 3.87% from the 50 Day Moving Average and 0.53% away compared to its SMA 20. Bank of America Corporation has a 12-month low of $15.90 and a 12-month high of $26.30. On average, equities research analysts predict that Bank of America Corporation will post $1.79 EPS for the current year.

Bank of America Corporation (NYSE:BAC) last posted its quarterly earnings data on Tuesday, July 18th. Analysts' estimates typically exclude special items. Nippon Life Global Investors Americas has invested 2.63% in Bank of America Corp (NYSE:BAC).

The higher results came as Bank of America grew overall revenue 1 percent to $21.8 billion while continuing to slash expenses. Citigroup said net income rose 8 percent to $4.13 billion, or $1.42 a share.

Net interest income, a key metric for banks, totaled $11.4 billion, more than the $11.33 billion expected by StreetAccount and about the year-earlier period total of $10.429 billion.

Average next regular session additional loss: 1.5%.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by BBNS and is the sole property of of BBNS. If you are reading this news story on another site, it was stolen and republished in violation of United States and global trademark and copyright law. Bank of America Corporation's dividend payout ratio is presently 28.57%. The financial services provider reported $0.46 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.03. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued. The firm has "Sector Perform" rating given on Thursday, October 5 by RBC Capital Markets.

Investors of record on Friday, September 1st were paid a dividend of $0.12 per share. Welch Group LLC boosted its position in Bank of America Corporation by 0.4% in the 1st quarter. The ex-dividend date of this dividend was Wednesday, August 30th. Epoch Investment Partners Inc. raised its holdings in Bank of America Corporation by 17.5% during the second quarter.

Since April 28, 2017, it had 0 insider buys, and 1 insider sale for $337,775 activity. Nokota Management Lp bought 3.48 million shares as the company's stock declined 6.00% while stock markets rallied. Chicago Equity Prtn Limited Liability Corporation owns 231,855 shares for 0.72% of their portfolio. Cullen Frost Bankers, a Texas-based fund reported 495,523 shares. Qci Asset Mgmt Inc holds 708,782 shares or 2.07% of its portfolio. About shares traded. Public Storage (NYSE:PSA) has declined 14.14% since October 13, 2016 and is downtrending. Veritable L.P. now owns 384,870 shares of the financial services provider's stock worth $9,337,000 after acquiring an additional 13,314 shares in the last quarter.

The stock decreased 1.47% or $0.38 during the last trading session, hitting $25.45. Finally, UBS Oconnor LLC raised its holdings in Bank of America Corporation by 169.0% during the second quarter.

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. Institutional investors own 61.64% of the company's stock. The lender has spent $70 billion on legal bills since the financial crisis - more than any other US bank - including $30 billion on mortgage putbacks.