Bank of America up 1% after topping estimates

Bringing Costs Down       Bank of America posted its lowest expense-to-revenue ratio in years              Source Company filings

At the end of 2017Q4, the 3.28 million shares of the major banks company held by the institutional investor were priced at $96.76 million, down from 3.80 million at the end of the previous reported quarter. The stock decreased 2.77% or $0.85 during the last trading session, reaching $29.8.Bank of America Corporation has 99.25M shares volume, 29.22% up from normal.

On 3/12/2018 Donald Alexander Whalen, Director, bought 50,000 with an average share price of $0.03 per share and the total transaction amounting to $1,500.00. BAC outperformed by 16.63% the S&P500.

(BAC) stake by 8.47% reported in 2017Q4 SEC filing. Stillwater Investment Management Llc acquired 54,057 shares as Bank Of America Corp (BAC)'s stock declined 1.20%.

Those gains were driven by equities revenue, with JPMorgan posting record equities revenue of $2 billion and Citigroup posting a 38% gain in equities revenue to $1.1 billion. About 34,832 shares traded. Vetr has "Buy" rating and $18.59 target. "Buy" rating has 11, "Sell" are 0, while 4 are "Hold". The company now has an average rating of "Buy" and an average price target of $30.97. On Wednesday, September 13 the stock rating was maintained by Canaccord Genuity with "Hold". The rating was maintained by UBS with "Neutral" on Monday, October 16. On Tuesday, January 9 the rating was maintained by Sandler O'Neill with "Buy". As per Thursday, February 1, the company rating was maintained by Jefferies. The stock has "Outperform" rating by Oppenheimer on Tuesday, October 6. The stock has "Hold" rating by BMO Capital Markets on Wednesday, January 17. The firm has "Overweight" rating given on Wednesday, November 1 by JP Morgan.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on April, 26. Analysts at Wall Street see Bank of America Corporation's 25.53 % EPS growth compared to $0.47 earnings per share for last quarter. BAC's profit could hit $6.03 billion if the current earnings per share of $0.59 is accurate. Bank of America earned a media sentiment score of 0.16 on Accern's scale.

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Investors sentiment increased to 1.19 in 2017 Q4. It is positive, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds amassed positions and 585 increased positions. Ironwood Investment Management Llc, a Massachusetts-based fund reported 117,245 shares. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Bank of America by 0.3% in the second quarter. 156,318 are held by Palladium Partners Ltd Liability Com.

TCL Multimedia Technology Holdings Limited, an investment holding company, makes, distributes, and sells colour television sets in the PeopleƂ's Republic of China, Europe, North America, and internationally. 344.43 million shares or 3.28% less from 356.10 million shares in 2017Q3 were reported. The institutional investors in our database now possess: 22.69 million shares, down from 22.73 million shares in 2017Q3. Iberiabank Corporation invested in 0.28% or 59,957 shares. 311,747 are held by Maple Cap Mngmt Inc. Perella Weinberg Ptnrs Capital Mgmt Limited Partnership reported 43,273 shares. Mitsubishi Ufj Tru And Banking invested in 0.42% or 1.26 million shares. Iguana Healthcare Management Llc owns 165,000 shares or 7.08% of their USA portfolio.

Caxton Associates Lp, which manages about $10.75 billion and $2.03 billion US Long portfolio, upped its stake in Alaska Air Group Inc (NYSE:ALK) by 469,411 shares to 532,911 shares, valued at $39.17 million in 2017Q4, according to the filing. Therefore 77% are positive. Bank Of America Corp now has $304.68 billion valuation.

Among 15 analysts covering Bank of America (NYSE:BAC), 11 have Buy rating, 0 Sell and 4 Hold.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 17th. The rating was maintained by Keefe Bruyette & Woods with "Buy" on Tuesday, December 12. The rating was maintained by Raymond James with "Buy" on Tuesday, December 5.

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