Bank of America Corporation (BAC) EPS Estimated At $0.47

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Proffitt & Goodson Inc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $307.49 billion market cap company.

The stock increased 1.81% or $0.5 during the last trading session, reaching $28.05. Exxonmobil Investment Management Incorporated Tx accumulated 1.16% or 1.91 million shares. Vanguard Group Inc. now owns 661,494,339 shares of the financial services provider's stock worth $16,047,853,000 after buying an additional 9,117,007 shares during the period. Northeast Investment Management holds 181,476 shares. The stock decreased 2.46% or $1.35 during the last trading session, reaching $53.57. Shareholders of record on Friday, December 1st will be paid a dividend of $0.12 per share.

Bank of America announced that its Board of Directors has initiated a share buyback plan on Tuesday, December 5th that permits the company to repurchase $5.00 billion in outstanding shares. It has underperformed by 62.73% the S&P500. It also increased its holding in Coherus Biosciences Inc (NASDAQ:CHRS) by 57,515 shares in the quarter, for a total of 168,872 shares, and has risen its stake in Nxstage Medical Inc (NASDAQ:NXTM).

Since August 10, 2017, it had 0 insider purchases, and 1 sale for $2.10 million activity.

Analysts have given a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 83% are positive. BidaskClub lowered Bank of America from a "strong-buy" rating to a "buy" rating in a report on Thursday, November 9th. The company was maintained on Sunday, August 13 by Jefferies. The rating was maintained by Argus Research on Friday, July 31 with "Buy". The firm has "Hold" rating by Deutsche Bank given on Tuesday, November 8. Asset Lc accumulated 3.86% or 179,075 shares. BAC traded on a high for the day of 29.50 with a corresponding low of 29.27. RBC Capital Markets has "Buy" rating and $26 target. Chardan Capital Markets has "Sell" rating and $18 target. The rating was downgraded by Standpoint Research on Thursday, December 1 to "Hold". Stephens Inc. AR raised its position in Bank of America by 1.1% during the 2nd quarter. (NASDAQ:SAGE). Ameritas Investment holds 0.01% or 3,034 shares in its portfolio. Weiss Multi has 0.28% invested in Concho Resources Inc. Moreover, Fiduciary Trust has 0.02% invested in Sage Therapeutics, Inc. Ghost Tree Capital Limited Liability Company holds 0.83% in Sage Therapeutics, Inc. (NYSE:CXO) for 42,219 shares. Int Value Advisers Limited Liability reported 5.28% stake. New York State Common Retirement Fund has invested 0% in Sage Therapeutics, Inc. (NYSE:CXO) for 212,655 shares. Finally, APG Asset Management N.V. lifted its holdings in Bank of America by 14.8% in the second quarter. (NYSE:CXO) for 75 shares. Cadence Capital Lc has 145,913 shares for 0.25% of their portfolio. Channing Capital Ltd Liability Company holds 0.44% of its portfolio in Concho Resources Inc. Shelton Cap Management invested in 0.61% or 355,178 shares.

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Analysts await Concho Resources Inc. (NASDAQ:SAGE) to report earnings on February, 22. Overall, the share price is down -0.68% year to date. BAC's profit would be $4.90B giving it 15.68 P/E if the $0.47 EPS is correct. The institutional investor held 195,100 shares of the consumer specialties company at the end of 2017Q2, valued at $12.34M, down from 233,400 at the end of the previous reported quarter.

Investors sentiment decreased to 1.12 in Q2 2017. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. It dropped, as 79 investors sold BAC shares while 543 reduced holdings.

Hedge funds have recently added to or reduced their stakes in the stock.

ETRADE Capital Management LLC lifted its position in shares of Bank of America Corp (NYSE:BAC) by 4.9% in the 2nd quarter, according to its most recent disclosure with the SEC. Bb&T reported 0.37% stake. Moreover, Park National Oh has 1.25% invested in Bank of America Corporation (NYSE:BAC) for 871,620 shares. Bankshares owns 103 shares for 0% of their portfolio. Union Bancorp Corporation has 19,459 shares for 0.16% of their portfolio. 77 are owned by Reilly Fincl Advisors Ltd Llc. Oppenheimer reaffirmed a "buy" rating on shares of Bank of America in a research note on Friday, October 13th. After $0.48 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -2.08 % negative EPS growth. Vetr raised Bank of America from a "hold" rating to a "buy" rating and set a $26.59 price target for the company in a research note on Monday, October 16th. Therefore 68% are positive. According to these analysts, the Low Revenue Estimate for Bank of America Corporation is 21 Billion and the High Revenue Estimate is 22.42 Billion. UBS maintained Bank of America Corporation (NYSE:BAC) rating on Monday, October 16.

While looking at the Stock's Performance, Bank of America Corporation now shows a Weekly Performance of 1.87%, where Monthly Performance is 10.16%, Quarterly performance is 18.58%, 6 Months performance is 25.5% and yearly performance percentage is 30.1%. The firm has "Sell" rating by Janney Capital given on Thursday, September 21. The firm has "Mkt Perform" rating given on Tuesday, August 25 by Bernstein. The firm has "Buy" rating given on Wednesday, January 11 by Societe Generale. UBS downgraded Bank of America Corporation (NYSE:BAC) on Wednesday, January 11 to "Neutral" rating. The rating was upgraded by CLSA on Friday, January 29 to "Outperform". Robert W. Baird maintained it with "Buy" rating and $21.0 target in Thursday, September 21 report. The firm has "Buy" rating by Leerink Swann given on Tuesday, June 20.