ibusinesslines.com
ibusinesslines.com May 22, 2018


Bank of America soars to record profit after tax overhaul

16 April 2018, 11:11 | Kelvin Horton

Laura Cavanaugh

Laura Cavanaugh

The institutional investor held 207,039 shares of the consumer services company at the end of 2017Q4, valued at $39.74 million, up from 27,445 at the end of the previous reported quarter. With 98,000 avg volume, 0 days are for GROWMAX RES CORP COMMON SHARES (OTCMKTS:APEOF)'s short sellers to cover APEOF's short positions. The SI to SOHO CHINA LTD ORDINARY SHARES CAYM's float is 0.13%. It closed at $0.48 lastly. It is down 0.00% since April 16, 2017 and is. It has underperformed by 51.98% the S&P500. Personal Capital Advisors Corp purchased a new position in Bank of America during the third quarter worth approximately $311,000. Last quarter $0.47 earnings per share was reported. $304.68 billion is Bank Amer Corp's MC.

Shares of NYSE:BAC traded down $0.85 during mid-day trading on Friday, reaching $29.80. About 75.62M shares traded.

Bank of America's earnings rose in the first-quarter, and the company said it plans to open 500 new branches as it issued upbeat financial results that topped Wall Street forecasts and continued strong results by most major US banks. The stock outperformed the S&P500 by 16.63%.


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. Ctc Llc who had been investing in Netflix Inc for a number of months, seems to be bullish on the $135.24B market cap company. The firm offers 3D and LED TVs, ice screens, and accessories; and DVD players, dockings, and sound bars. Sound Shore Management Ct reported 10.04M shares. Its down 21.56% from 3.15M shares previously. Vanguard Total International S (VXUS) was raised too. The legal version of this story can be viewed at https://registrarjournal.com/2018/04/16/arlington-value-capital-llc-cuts-stake-in-bank-of-america-bac.html. Therefore 77% are positive. American River Bankshares had 5 analyst reports since January 29, 2016 according to SRatingsIntel. The rating was maintained by Barclays Capital on Tuesday, January 3 with "Equal Weight". UBS downgraded the shares of BAC in report on Wednesday, January 11 to "Neutral" rating. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) on Sunday, August 13 with "Buy" rating. The company rating was maintained by Oppenheimer on Monday, March 26. Nine equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Tci Wealth stated it has 0.22% in Bank of America Corporation (NYSE:BAC). Vetr has "Buy" rating and $18.59 target. The firm has "Hold" rating given on Tuesday, November 8 by Deutsche Bank. Bernstein maintained the shares of NFLX in report on Tuesday, July 19 with "Underperform" rating.

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. 1ST Source Bank now owns 81,124 shares of the financial services provider's stock worth $2,056,000 after buying an additional 3,690 shares in the last quarter.

Big Money Sentiment increased to 1.19 in 2017 Q4. 66 investors sold all, 561 reduced holdings as BAC ratio increased. Fsi Group Limited Liability holds 5.05% or 205,841 shares in its portfolio. First Midwest Commercial Bank Division reported 0.36% stake. Wealthfront stated it has 12,454 shares or 0.03% of all its holdings. The hedge funds in our database now own: 9.35 million shares, up from 9.33 million shares in 2017Q3. Columbia Asset Mngmt holds 61,622 shs or 0.52% of its capital. Caprock Grp Inc Inc, Idaho-based fund reported 47,228 shares. Kames Cap Public Limited Liability Co holds 2.18 million shares. Peoples Corporation holds 0.15% or 9,125 shares. Pennant Capital Ltd Liability holds 706,721 shares or 1.89% of its portfolio. Meanwhile the German DAX dropped 0.11 percent, and the French CAC 40 slipped 0.01 percent while United Kingdom shares fell 0.49 percent.



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