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Bank of America Corporation (NYSE:BAC) Analytical Analysis

10 October 2017

La Quinta Holdings had 29 analyst reports since August 20, 2015 according to SRatingsIntel. Bank of America Corporation presently has an average rating of "Buy" and a consensus target price of $24.88. The rating was maintained by CLSA on Friday, September 23 with "Outperform". The company maintains price to book ratio of 0.00 vs.an industry average at 0.57. Atlantic Securities upgraded the stock to "Overweight" rating in Wednesday, December 21 report. Peel Hunt has "Buy" rating and GBX 250 target. The firm earned "Neutral" rating on Friday, August 14 by JP Morgan. The rating was downgraded by National Bank Canada on Monday, July 18 to "Sector Perform". On Tuesday, July 21 the stock rating was maintained by Jefferies with "Buy". The stock has "Buy" rating by Keefe Bruyette & Woods on Tuesday, October 3.

Wexford Capital Lp decreased Bank Amer Corp (BAC) stake by 49.72% reported in 2017Q2 SEC filing. 565,559 are held by Gardner Lewis Asset Mngmt Lp. The dividend payment was $0.120 per share for the quarter or $0.48 annualized.

Bank of America Corporation is a bank holding company and a financial holding company. On Wednesday, August 26 the stock rating was upgraded by UBS to "Neutral". About 34.06 million shares traded.

Bank of America Corporation (NYSE:BAC) was upgraded by research analysts at Vetr from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Monday. It has outperformed by 41.94% the S&P500.

Burt Wealth Advisors increased Vanguard Ftse Emerging (VWO) stake by 26,810 shares to 399,245 valued at $16.30M in 2017Q2. It also upped Ishares Tr (IJH) stake by 1,902 shares and now owns 98,694 shares. Ishares Tr (EFA) was raised too. Therefore 66% are positive.

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on October, 13 before the open. The firm has "Buy" rating given on Wednesday, January 11 by Citigroup. The firm has "Buy" rating given on Thursday, September 14 by Jefferies. The company was initiated on Wednesday, July 13 by Berenberg. Following the transaction, the director now owns 50,000 shares of the company's stock, valued at $1,208,000. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Wsj.com and their article: "How Bank of America Ditched 1597 Branches Across the US" published on September 17, 2017 as well as Investorplace.com's news article titled: "Bank of America Corp (BAC) Stock Waits for Boost From DC Tailwinds" with publication date: September 28, 2017. Argent Tru stated it has 0.26% of its portfolio in Bank of America Corp (NYSE:BAC). The firm has "Buy" rating given on Monday, October 12 by Goldman Sachs. RBC Capital Markets has "Buy" rating and $2600 target.

Investors sentiment decreased to 1.12 in 2017 Q2. The average daily volatility for the week was at 1.48%, which was -0.01 lower than that in the past month. Sold All: 79 Reduced: 543 Increased: 577 New Position: 120. Bremer Trust Association holds 10,041 shares. Lombard Odier Asset Mgmt (Switzerland) Sa, a Switzerland-based fund reported 40,777 shares. 17,781 were accumulated by Lowe Brockenbrough Com. Sandy Spring State Bank accumulated 85,622 shares or 0.2% of the stock.

The stock of Bank of America Corp (NYSE:BAC) reached all time low today, Oct, 9 and still has $23.77 target or 8.00 % below today's $25.84 share price. Wg Shaheen & Dba Whitney & has invested 0.23% of its portfolio in Bank of America Corp (NYSE:BAC).

Is Bank of America Corporation (NYSE:BAC) Performing Well? Leavell Mngmt reported 0.05% stake. Savings Bank Of America De reported 0% of its portfolio in AAC Holdings Inc (NYSE:AAC). Peoples Finance Ser has 0.13% invested in Bank of America Corp (NYSE:BAC). Blue Ridge Cap Limited Liability Corp reported 14.00M shares or 5.94% of all its holdings.

Bank of America Corporation (NYSE:BAC) last announced its quarterly earnings results on Tuesday, July 18th. They expect $0.47 EPS, up 14.63% or $0.06 from last year's $0.41 per share. BAC's profit will be $4.94B for 13.99 P/E if the $0.47 EPS becomes a reality. Equities research analysts expect that Bank of America Corporation will post $1.80 earnings per share for the current fiscal year.

Investors sentiment decreased to 1.1 in Q2 2017. Next year this growth will reach 2.52% to attain $1.22.

These funds have shifted positions in (BAC). Mackay Shields Limited Liability Corp has 666,299 shares for 0.68% of their portfolio. The option since executed brings Bramble ownership to 50000 shares. Bessemer Group Inc Inc reported 0% in ePlus Inc. Madison Invest reported 0.55% stake. Bowling Mgmt Lc invested in 20,419 shares. University Of Notre Dame Du Lac holds 1.27% of its portfolio in Bank of America Corp (NYSE:BAC) for 177,108 shares. Martingale Asset Management Ltd Partnership invested in 0.04% or 36,703 shares. Pnc Financial Ser Grp Inc has invested 0% of its portfolio in AAC Holdings Inc (NYSE:AAC).

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