Higher interest rates, loans lift Bank of America profits

Bank of America 1Q Equity Trading Increases 38

On 7/28/2017 announced a quarterly dividend of $0.12 1.99% with an ex dividend date of 8/30/2017 which will be payable on 9/1/2017. Funds hold 6.85 billion shares thus 0.98% less from 2017Q3's 6.91 billion shares. Institutional investors and hedge funds own 69.84% of the company's stock. Sold All: 2 Reduced: 3 Increased: 8 New Position: 6. Arlington Value Capital LLC's holdings in Bank of America were worth $16,134,000 as of its most recent SEC filing.

Citigroup, also based in NY, reported a profit of $4.62 billion, or $1.68 a share, compared with a profit of $4.1 billion, or $1.35 per share, in the same period a year earlier. Grassi Investment Management who had been investing in Bank Of America for a number of months, seems to be bullish on the $304.68 billion market cap company. Brandywine Tru Com invested in 0.33% or 13,326 shs. accumulated 2.44 million shs or 0.08% of the stock. About 99.25M shares traded or 29.22% up from the average. The stock of Bank of America Corporation (NYSE:BAC) earned "Neutral" rating by UBS on Monday, October 16. It has outperformed by 16.63% the S&P500. Comerica Retail Bank holds 0.56% of its capital in Bank of America Corporation (NYSE:BAC) for 2.62M shs. Therefore 77% are positive. Bank of America had 109 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating by Renaissance Macro Securities LLC given on Sunday, July 23. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with "Buy". As per Friday, January 19, the company rating was maintained by Sandler O'Neill. BMO Capital Markets maintained the shares of BAC in report on Friday, October 6 with "Hold" rating. The firm has "Buy" rating by Keefe Bruyette & Woods given on Tuesday, December 12. On Tuesday, December 5 the company was maintained by Raymond James. Stifel Fin holds 0.51% in Bank of America Corporation (NYSE:BAC) or 5.46 million shares.

Big Money Sentiment increased to 1.19 in Q4 2017.

On 3/12/2018 Donald Alexander Whalen, Director, bought 50,000 with an average share price of $0.03 per share and the total transaction amounting to $1,500.00. It increased, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. Teacher Retirement System of Texas boosted its holdings in shares of Bank of America by 1.9% during the 3rd quarter. Regal Investment Advsrs Ltd Liability stated it has 0.4% in Bank of America Corporation (NYSE:BAC). Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Ar Asset Mgmt has 0.65% invested in Bank of America Corporation (NYSE:BAC). Bank of America's payout ratio is 26.23%.

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Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, January 17th. Element Mngmt Ltd Com owns 783,502 shares for 0.57% of their portfolio. Moreover, Strategic Advsr has 1.17% invested in Bank of America Corporation (NYSE:BAC) for 97,216 shares. Summit Secs Ltd Co has invested 0.04% in Thor Industries, Inc. (NASDAQ:NFLX). Rfg Advisory Group Ltd Liability holds 0.14% or 1,400 shares in its portfolio.

Leading bank executives said last week that stock market volatility that translated into higher commissions in equities was largely absent in bond trading. Mattersight Corporation (MATR) has declined 40.43% since April 16, 2017 and is downtrending. It has underperformed by 11.55% the S&P500. About 1.20M shares traded or 35.98% up from the average. Hall Laurie J Trustee invested in 0.24% or 14,074 shares. KeyBanc Capital Markets maintained Netflix, Inc. Geode Cap Management Llc holds 103.49 million shares or 1.04% of its portfolio. The company has market cap of $71.36 million. They expect $2.73 earnings per share, up 29.38% or $0.62 from last year's $2.11 per share. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.03.

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