Bank of America Corporation (NYSE:BAC) Quarterly Analysis


Kroger has $48 highest and $19 lowest target. On average, equities analysts forecast that Bank of America Corporation will post $1.80 EPS for the current year. CBS Corp had 83 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was initiated by Barclays Capital on Friday, September 25 with "Equal-Weight". Citigroup maintained the stock with "Neutral" rating in Monday, October 9 report.

Wells Fargo has an Outperform rating with a $30 target. The rating was maintained by CLSA with "Outperform" on Friday, September 23. The company was maintained on Tuesday, January 24 by Needham. The firm earned "Buy" rating on Tuesday, January 26 by Deutsche Bank. As per Wednesday, October 7, the company rating was maintained by Jefferies. After a recent look, shares have been seen 6.84% from the 200-day moving average, and 3.89% from the 50-day moving average. The institutional investor held 364,423 shares of the industrial machinery and components company at the end of 2017Q2, valued at $8.97 million, up from 326,529 at the end of the previous reported quarter. Park National Corp OH increased its position in Bank of America Corporation by 2.9% during the third quarter. With 33,100 avg volume, 0 days are for ENTEST BIOMEDICAL INCORPORATED (OTCMKTS:ENTB)'s short sellers to cover ENTB's short positions. Elk Creek Partners Llc bought 37,894 shares as the company's stock declined 5.05% while stock markets rallied. Analysts have placed a $27.22 price target on Bank of America Corporation, suggesting a 5.38% gain from recent close. It has outperformed by 41.94% the S&P500.

Bank of America Corporation (BAC) surprised the stock market in its last reported earnings when it earned $0.46 a piece versus the consensus-estimated $0.43. The company's quarterly EPS surprised Wall Street by as much as 7% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

The average Wall Street analyst rating for Bank of America Corporation is Strong Buy, according to the average of 19 analyst scores. Therefore 100% are positive. The firm earned "Buy" rating on Friday, August 11 by Jefferies. The firm has "Buy" rating given on Wednesday, August 30 by RBC Capital Markets. The stock of Bank of America Corp (NYSE:BAC) has "Hold" rating given on Tuesday, July 18 by BMO Capital Markets. The firm has "Hold" rating given on Tuesday, September 13 by Societe Generale.

Investors might be looking to focus on some longer-term indicators on shares of Bank of America Corp (BAC). The stock has "Hold" rating by Robert W. Baird on Friday, August 25. Alliancebernstein L P holds 11,200 shares or 0% of its portfolio. The firm has "Buy" rating given on Thursday, September 14 by H.C. Wainwright. Oz Lp has invested 1.93% in Bank of America Corp (NYSE:BAC).

Investors sentiment decreased to 1.12 in Q2 2017. It fall, as 79 investors sold BAC shares while 543 reduced holdings.

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In other news, Director Frank P. Bramble sold 86,763 shares of Bank of America Corporation stock in a transaction that occurred on Thursday, August 10th. Hourglass Cap stated it has 0.98% of its portfolio in Bank of America Corp (NYSE:BAC). Finally, Tarbox Family Office Inc. grew its holdings in shares of Bank of America Corporation by 0.4% in the 2nd quarter. 198,066 are owned by Advisor Ptnrs Limited Company. Numeric Ltd Llc stated it has 0.19% in Bank of America Corp (NYSE:BAC). The percentage of shares being held by the company management was 0.4% while institutional stake was 78.4%. (NYSE:BXP). Loomis Sayles And Co Lp holds 0.03% or 106,242 shares. Honeywell accumulated 2.00M shares or 1.83% of the stock. (NASDAQ:CPRT). Weaver C Barksdale Assoc reported 230 shares stake. Mariner Wealth Advsrs Ltd Limited Liability Company owns 39,490 shares. MXL's SI was 4.86M shares in October as released by FINRA. Highvista Strategies Llc reported 129,100 shares. KR's profit will be $340.57M for 13.13 P/E if the $0.40 EPS becomes a reality. They expect $1.03 EPS, down 3.74% or $0.04 from last year's $1.07 per share. This is a positive change from Bank of America Corporation's previous quarterly dividend of $0.08. Park National Corp OH now owns 896,822 shares of the financial services provider's stock worth $22,725,000 after acquiring an additional 25,202 shares during the period.

The stock increased 1.06% or $0.22 during the last trading session, reaching $21. In the past 3-month period alone, shares of BAC have appreciated - or. Park Hotels & Resorts Inc (NYSE:PK) has 0.00% since October 12, 2016 and is. It has underperformed by 13.30% the S&P500.

Investors sentiment increased to 1.37 in 2017 Q2. Its down 0.38, from 2.67 in 2017Q1. S&Co invested in 136,559 shares. 24 funds opened positions while 67 raised stakes. 337.64 million shares or 298.34% more from 84.76 million shares in 2017Q1 were reported. (NYSE:MXL). Price T Rowe Md has 0.01% invested in MaxLinear, Inc. Twin Tree Mgmt Limited Partnership accumulated 468,517 shares. 43,230 are owned by Texas Permanent School Fund. Heitman Real Securities Limited Co has invested 1.08% in Boston Properties, Inc. Loomis Sayles Limited Partnership invested in 4.67 million shares. Moreover, Tru Of Vermont has 0% invested in PriceSmart, Inc. Stellar Capital Mgmt Ltd Liability holds 62,816 shares. Veritable L P owns 28,166 shares or 0.01% of their USA portfolio. Chicago Partners Investment Group LLC grew its holdings in shares of Bank of America Corporation by 11.0% in the 2nd quarter. Morgan Stanley invested 0% of its portfolio in Microvision, Inc. Virtus Inv Advisers holds 0.02% or 8,139 shares in its portfolio. Its down 2.04% from 8.03 million shares previously. Manufacturers Life Communication The has invested 0% in Microvision, Inc.

The Kroger Co. manufactures and processes food for sale in its supermarkets. The market capitalization of the company is at $268.14 Billion. In addition, the Company operates distribution centers and offices in the United States.

The company P/E (price to earnings) ratio is 15.58 and Forward P/E ratio is 12.