Andra AP fonden Trims Stake in Bank of America Corp (NYSE:BAC)

Adjust Comment Print

The Park National Corp holds 896,822 shares with $22.73M value, up from 871,620 last quarter. Korea Investment CORP raised its stake in shares of Bank of America by 0.5% during the second quarter. National Svcs Wi holds 1.91% in Bank of America Corporation (NYSE:BAC) or 73,267 shares. Vanguard Group Inc. now owns 661,494,339 shares of the financial services provider's stock valued at $16,047,853,000 after buying an additional 9,117,007 shares during the period. Strategic Advisors Llc who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $326.53 billion market cap company. TIAA CREF Investment Management LLC now owns 63,635,295 shares of the financial services provider's stock worth $1,543,792,000 after purchasing an additional 1,079,788 shares during the last quarter. Finally, Investec Asset Management LTD increased its position in Bank of America by 68.6% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co.

Receive Bank of America Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of America Corporation with's FREE daily email newsletter. Bank of America has a fifty-two week low of $22.01 and a fifty-two week high of $31.79. The company has a market cap of $317,610.00, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.70 and a beta of 1.32. Checchi Advisers Ltd Limited Liability Company stated it has 0.08% of its portfolio in The Priceline Group Inc.

X Estimates: Earnings per share of 44 cents, up 10%, on revenue of $21.284 billion, a 7% increase. Bank of America had a return on equity of 8.33% and a net margin of 20.66%. On the downside, some of the bank's trading divisions suffered revenue declines due to low volatility. Adjusted profit, which excludes the impact from the tax overhaul, was 47 cents a share, the bank said, exceeding analysts' 45-cent estimate. Stockholders of record on Friday, December 1st were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. We also shared our success with stakeholders through our high level of funding philanthropic initiatives, our 2 million employee volunteer hours, and our commitment to long-term shareholder value by returning almost $17 billion in capital through common stock repurchases and dividends. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

A number of other research firms have also recently issued reports on BAC. The stock of Bank of America Corporation (NYSE:BAC) earned "Outperform" rating by KBW on Monday, August 24. Bernstein upgraded Bank of America Corporation (NYSE:BAC) rating on Tuesday, August 25. BMO Capital Markets restated a "market perform" rating and issued a $29.00 price target (up from $27.00) on shares of Bank of America in a research note on Monday, October 16th.

Children Hospitalized, Parents Jailed on Torture Charges
The six younger children were taken to Riverside University Medical Center in Moreno Valley for treatment , officials said . One neighbour told Reuters that the Turpin family "were the type that you didn't really get to know anything about them".

Bank of America shares docked 48 cents in price, or 1.5%, to $30.76 mid-morning Wednesday, having climbed almost 36% over the last 12 months. The rating was maintained by Barclays Capital with "Equal Weight" on Tuesday, January 3. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Thomson Reuters had a 12-month consensus analyst price target of $32.28 before results were announced.

TRADEMARK VIOLATION WARNING: "Andra AP fonden Trims Stake in Bank of America Corp (NYSE:BAC)" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & global trademark & copyright law. The original version of this news story can be viewed at Finally, BidaskClub upgraded Bank of America from a sell rating to a hold rating in a report on Friday, September 22nd. The institutional investor acquired 230,565 shares of the financial services provider's stock, valued at approximately $5,843,000.

Global wealth and investment management revenue increased 7% to $4.7 billion.