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Bank of America Stock Flat Despite Earnings Beat

17 Avril 2018

The stock decreased 0.89% or $0.97 during the last trading session, reaching $107.55. About 80.40 million shares traded or 4.68% up from the average. It has outperformed by 4.07% the S&P500. HWG Holdings LP bought a new stake in Bank of America during the 3rd quarter valued at approximately $116,000.

Market Capitalization/Outstanding Shares/Intraday Volume: The company's Market capitalization is $909.86B with the total Outstanding Shares of 5.21B.

Shares of NYSE:BAC traded down $0.85 during mid-day trading on Friday, reaching $29.80. The average volume was noted at 76454.8K shares while its relative volume was seen at 1.3. The stock of Bank of America Corporation (NYSE:BAC) has "Outperform" rating given on Saturday, September 5 by Oppenheimer. The stock outperformed the S&P500 by 16.63%. The stock has "Buy" rating by Sidoti on Friday, August 11. Zacks' EPS averages are a mean average based on a survey of research analysts that cover Bank of America. Its quick ratio for the most recent quarter is N/A. Analysts mean recommendation for the stock is 2.00. (NYSE:THO) on Thursday, July 13 with "Hold" rating.

Specialized Analysis: The organization has the market capitalization of $312.37B. On Thursday, November 10 the stock rating was downgraded by Sandler O'Neill to "Hold".

Get access to our daily newsletters, Best Stocks List, POWR Ratings, and much more! The firm has "Neutral" rating by UBS given on Monday, October 16. KeyBanc Capital Markets maintained Netflix, Inc.

Since October 11, 2017, it had 0 buys, and 34 sales for $155.38 million activity. 4,878 shares valued at $73,219 were sold by Bender Kevin on Monday, February 5. Volume information can be found just about anywhere, but few traders or investors know how to use this information to increase their profits and minimize risk. That's change of 0.15, from 2017Q3's 1.04. Estabrook Capital Management invested in 449,086 shares or 2% of the stock. Amer Century Inc invested in 0.71% or 24.30M shares. Bouchey Grp Inc has 47,343 shares. Gam Holding Ag holds 0.08% or 87,353 shares. BAC stock makes a change of -2.77% in a total of its share price. Pcj Investment Counsel Ltd reported 0.16% stake. Primecap Mgmt Com Ca holds 0.23% or 10.14 million shares. Summit Secs Ltd Co has invested 0.04% in Thor Industries, Inc. The short interest to TCL MULTIMEDIA TECHNOLOGY HOLDINGS LTD.'s float is 0.25%. (NASDAQ:NFLX). Lord Abbett Ltd Company reported 220,524 shares.

Given the stock's recent action, it seemed like a good time to take a closer look at the company's current data.

Bluefin Trading Llc, which manages about $1.65 billion US Long portfolio, decreased its stake in General Mtrs Co by 136,571 shares to 356,307 shares, valued at $8.32M in 2017Q4, according to the filing.

The revenue of the first quarter of the bank run by Chairman and Chief Executive, Brian Moynihan rose from $22.25 billion to $23.125 in a year.

The bank said the tax law lowered its effective tax rate by 9 percentage points.

Matria Healthcare Inc (MATR) investors sentiment increased to 2.8 in Q4 2017.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAC. Janus Henderson Group PLC raised its stake in shares of Bank of America by 587.0% in the 2nd quarter. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Cognios Limited Liability accumulated 19,541 shares or 0.22% of the stock. Iberiabank Corporation invested in 0.28% or 59,957 shares.

Stillwater Investment Management Llc increased Bank Of America Corp (BAC) stake by 52% reported in 2017Q4 SEC filing. Tokio Marine Asset Limited has invested 0.26% of its portfolio in Bank of America Corporation (NYSE:BAC). Btim Corporation reported 33,554 shares. Braun Stacey owns 800,494 shares or 1.58% of their United States portfolio.

Bank of America shares, up around 1% in 2018, were roughly flat in morning trading. Birinyi Assocs has 0.21% invested in Bank of America Corporation (NYSE:BAC). Jolley Asset Mngmt Ltd Liability Com reported 166,062 shs. Bank of America shares were almost 0.7% higher at $30 in trading before USA financial markets opened. Farmers And Merchants Invs holds 0.56% or 259,855 shares in its portfolio.

Shares of optical components makers Acacia Communications, Oclaro, Lumentum and Finisar took a beating after Reuters reported that the USA government was banning American companies from selling components to Chinese telecom equipment maker ZTE Corp 0000063.SZ (0763.HK). Therefore 77% are positive. The rating was maintained by Jefferies on Tuesday, July 21 with "Buy". BMO Capital Markets maintained Thor Industries, Inc.

Goldman Sachs (GS) reports Tuesday, and Morgan Stanley (MS) reports Wednesday. The firm has "Hold" rating given on Tuesday, January 9 by Societe Generale.

Bank of America Stock Flat Despite Earnings Beat