Bank of America Corporation (NASDAQ:BAC) To Report Earnings

Make Bank Of America Great Again Analyst Prefers This Stock Into Year End

Bank of America's third-quarter profit rises 13 percent

The firm owned 18,731 shares of the financial services provider's stock after selling 14,496 shares during the period. Vetr raised Bank of America Corporation from a buy rating to a strong-buy rating and set a $26.59 price target on the stock in a research note on Wednesday, August 30th. With many preferring that Bank of America Corporation reinvest its earnings back into its trade to fuel future growth, a lot acknowledges a generous cash dividend payment. The stock decreased 1.47% or $0.38 during the last trading session, reaching $25.45. The stock decreased 1.47% or $0.38 during the last trading session, reaching $25.45. Welch Group LLC boosted its position in Bank of America Corporation by 0.4% in the 1st quarter. The stock has "Buy" rating by Renaissance Macro Securities LLC on Sunday, July 23. This is an increase from Bank of America Corporation's previous quarterly dividend of $0.08. First National Trust Co. now owns 106,178 shares of the financial services provider's stock valued at $2,505,000 after buying an additional 34,555 shares in the last quarter. The Oregon-based Ims Cap Mngmt has invested 0.85% in Bank of America Corp (NYSE:BAC). Public Storage had 52 analyst reports since July 21, 2015 according to SRatingsIntel.

Bank of America got an important vote of confidence in August when Warren Buffett's Berkshire Hathaway Inc. officially became the bank's largest shareholder, a result of an investment Berkshire initially made in 2011. Investors owns 0.1% invested in Bank of America Corp (NYSE:BAC) for 13.39 million shares. Qci Asset Mgmt Inc holds 708,782 shares or 2.07% of its portfolio. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by Sandler O'Neill on Wednesday, January 20. The stock presently has an average rating of Buy and an average target price of $24.88.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by BBNS and is the sole property of of BBNS. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and worldwide copyright & trademark law. Royal Bank Of Canada restated a buy rating and issued a $26.00 price objective on shares of Bank of America Corporation in a report on Thursday, July 20th. The shares were sold at an average price of $24.16, for a total value of $2,096,194.08. About 3,238 shares traded. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Bank of America Corporation (BAC) opened at 25.45 on Monday. Hence, the existing market cap indicates a preferable measure in comprehending the size of the company rather than its worth.

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The bank also kept a tight leash on costs.

That bank also reported earnings on Friday and said that its third-quarter profit and revenue fell. The financial services provider reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.03.

They expect $0.46 EPS, up 10.87% or $0.05 from last year's $0.41 per share. The Company's business is finding, mining and processing mineral resources. On average, equities research analysts predict that Bank of America Corporation will post $1.79 EPS for the current year. The authority will not be liable for anyone who makes stock portfolio or financial decisions as per the editorial, which is based only on limited and open source information. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued. Its down 0.03, from 1.15 in 2017Q1. The ex-dividend date of this dividend was Wednesday, August 30th.

During the third quarter, both cost cuts and increased profits from lending helped Mr. Moynihan's strategy, which the bank refers to as "responsible growth". This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%.

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