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

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

Capital Management Corp VA now owns 10,385 shares of the financial services provider's stock valued at $252,000 after buying an additional 33 shares during the last quarter.

In the quarter, provision for credit losses decreased 2 percent to $834 million. Insiders own 0.18% of the company's stock. About 6,257 shares traded. It has outperformed by 41.94% the S&P500. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued. Veritable L.P. now owns 384,870 shares of the financial services provider's stock worth $9,337,000 after acquiring an additional 13,314 shares in the last quarter. Clean Harbors Inc now has $3.24B valuation. The shares price has positioned 5.12% up over the past quarter while it has directed 13.92% toward a rising position throughout past six months. It has outperformed by 1.83% the S&P500.

Investors sentiment decreased to 1.12 in Q2 2017. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. It fall, as 79 investors sold BAC shares while 543 reduced holdings. Chicago Equity Prtn Limited Liability Corporation owns 231,855 shares for 0.72% of their portfolio.

Bank of America Corp shares rose $0.14 (+0.55%) in premarket trading Friday.

Director, White Michael D, purchased 25,000 common shares of Bank of America Corporation (BAC) in the open market. (NYSE:PEP). Nordea Management has 1.97M shares for 0.57% of their portfolio.

Bank of America Corporation (BAC) opened at 25.45 on Friday. Amer Bancshares reported 103 shares. 10,929 are owned by Dubuque Natl Bank Trust. The insider now directly owns 32,459 shares worth $826,082.


Bank of America Corporation (NYSE:BAC) last posted its quarterly earnings data on Tuesday, July 18th. Blue Fincl Capital invested in 1.23% or 78,994 shares. 900 are held by Barnett &.

The shares were down 7 cents at US$135.20. California-based Aristotle Cap Mgmt Ltd Liability Corp has invested 3.13% in Bank of America Corp (NYSE:BAC).

Fulton Bank decreased Vanguard Specialized Portfol (VDIGX) stake by 595,941 shares to 885,285 valued at $22.46 million in 2017Q2. Deposits also topped consensus, coming in at $1.284 trillion. Cref Mut Fds was reduced too. BidaskClub raised shares of Bank of America Corporation from a "hold" rating to a "buy" rating in a research report on Friday, July 7th. Therefore 66% are positive. The hedge fund run by Matthew Knauer held 4.98M shares of the major banks company at the end of 2017Q2, valued at $120.69M, up from 1.50 million at the end of the previous reported quarter. Finally, Jefferies Group LLC reissued a "buy" rating on shares of Bank of America Corporation in a research report on Friday, July 7th. The stock of Bank of America Corp (NYSE:BAC) has "Buy" rating given on Tuesday, August 11 by Vetr. The stock presently has an average rating of Buy and an average target price of $24.88. Nokota Management Lp who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $268.51 billion market cap company. Atlantic Securities upgraded Bank of America Corp (NYSE:BAC) on Wednesday, December 21 to "Overweight" rating. Citigroup Inc. reissued a "neutral" rating and issued a $27.00 price objective (up from $25.00) on shares of Bank of America Corporation in a research report on Monday.

Analysts at Credit Suisse think the stock, along with that of other banking giants, could benefit from potential tax cuts and "progress on regulatory reform ". The rating was downgraded by Wood to "Market Perform" on Monday, May 16.

Since May 5, 2017, it had 0 buys, and 3 sales for $563,430 activity. (NYSE:CLH), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 42% are positive. Bank of America had 86 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, January 31, the company rating was upgraded by KeyBanc Capital Markets. UBS has "Neutral" rating and $23 target. The firm has "Buy" rating by Jefferies given on Thursday, September 14. On Friday, August 18 the stock rating was maintained by Jefferies with "Hold".

Investors sentiment decreased to 0.75 in 2017 Q2. Its up 0.02, from 1.2 in 2017Q1. It dropped, as 44 investors sold PEP shares while 778 reduced holdings. Qci Asset Mgmt Inc holds 708,782 shares or 2.07% of its portfolio. Scout Invs invested in 0.45% or 104,947 shares.

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