Bank of America earnings boosted by higher interest rates

Bank of America earnings boosted by higher interest rates

Hartwell J M Limited Partnership acquired 20,170 shares as Expedia Inc. It has outperformed by 1.83% the S&P500.

Several analysts have released their opinion on Bank of America Corporation (NYSE:BAC), with 9 analysts believing it is a strong buy.

Bank of America Corporation declared that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $12.00 billion in outstanding shares.

Percent of time added to extended-hours gains: 25%. Bank Amer Corp now has $270.20B valuation. Insiders own 0.18% of the company's stock. About 489,559 shares traded. Trading revenue at Bank of America, excluding an accounting adjustment, fell 15% to $3.15 billion from $3.73 billion in last year's third quarter. It has outperformed by 41.94% the S&P500.

Avenir Corp decreased Aes Corp (NYSE:AES) stake by 63,634 shares to 3.47 million valued at $38.60M in 2017Q2. After this purchase, 85,650 common shares of BAC are directly owned by the insider, with total stake valued at $2,179,793. Dennys Corp (NASDAQ:DENN) was reduced too.

Bank of America Corporation ( BAC ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Therefore 66% are positive.

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Like other banks that reported Thursday, Bank of America also scored a modest increase in overall loans.

Bank of America Corporation (BAC) stock directed 58.76% toward a higher level throughout a year ago and swapped 4.60% toward a strong spot during past one month. UBS has "Neutral" rating and $23 target. BidaskClub raised shares of Bank of America Corporation from a "hold" rating to a "buy" rating in a research report on Friday, July 7th. The firm earned "Buy" rating on Wednesday, January 27 by Argus Research. Deutsche Bank maintained the shares of BAC in report on Tuesday, August 25 with "Buy" rating. On Monday, August 7 the stock rating was upgraded by Barclays Capital to "Hold". Robert W. Baird maintained the stock with "Hold" rating in Thursday, September 7 report. Atlantic Securities upgraded Bank of America Corp (NYSE:BAC) on Wednesday, December 21 to "Overweight" rating.

Investors sentiment decreased to 1.12 in 2017 Q2. Its down 0.03, from 1.15 in 2017Q1. Huber Capital Management LLC raised its holdings in Bank of America Corporation by 2.8% during the second quarter. There has been an observed change of -0.45% in the ownership of the shares in the past six months.

Now insiders hold 15,342,468 shares in the business which makes up 0.15% of shares. 74,500 were reported by Legg Mason Asset Management (Japan). American Intl Gp reported 798,682 shares stake. Pennsylvania holds 111,909 shares. Finally, Jefferies Group LLC reaffirmed a "buy" rating on shares of Bank of America Corporation in a report on Friday, July 7th. State Treasurer State Of Michigan holds 0.01% or 21,500 shares. Bank of America Corporation's dividend payout ratio is presently 28.57%. Apg Asset Mngmt Nv owns 30.05 million shares or 1.32% of their USA portfolio.

Bank of America Corporation (NYSE:BAC) last posted its quarterly earnings data on Tuesday, July 18th. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.9% in PepsiCo, Inc. Qci Asset Mgmt Inc holds 708,782 shares or 2.07% of its portfolio. The California-based Tiemann Investment Advsr Lc has invested 0.5% in Bank of America Corp (NYSE:BAC). Bank of America Corporation's payout ratio is now 28.57%.

Investors sentiment decreased to 0.75 in 2017 Q2. Its down 0.05, from 1.34 in 2017Q1. It dropped, as 44 investors sold PEP shares while 778 reduced holdings. It also reduced Apple Inc. 5,000 are held by Ardsley Advisory Ptnrs. (NYSE:PEP). Greystone Managed Invests accumulated 91,355 shares. Institutional investors own 61.64% of the company's stock. Moreover, Magnetar Limited Liability has 0.01% invested in Expedia Inc (NASDAQ:EXPE) for 4,508 shares. Blue Fincl Capital invested in 1.23% or 78,994 shares.

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