Bank of America Corporation (BAC) Rating Increased to Hold at Vetr Inc

The stock declined 0.64% or $0.17 reaching $25.76 per share. About 36.16 million shares traded.

Bank of America Corporation (NYSE:BAC) opened at 25.93 on Wednesday. It has outperformed by 41.94% the S&P500.

Keith Meister increased its stake in Bank Amer Corp (BAC) by 73.4% based on its latest 2017Q2 regulatory filing with the SEC. Investec Asset Management LTD now owns 17,772,325 shares of the financial services provider's stock valued at $431,157,000 after purchasing an additional 7,231,615 shares during the period. Apollo Global Mgmt Llc now has $6.00B valuation. The stock rose 0.43% or $0.67 reaching $158. About 367,460 shares traded. Jefferies maintained Bank of America Corp (NYSE:BAC) on Monday, October 10 with "Buy" rating. It has outperformed by 41.94% the S&P500.

Corvex Management Lp, which manages about $8.18 billion and $3.08B US Long portfolio, decreased its stake in Energen Corp (Call) (NYSE:EGN) by 930,722 shares to 415,200 shares, valued at $20.50 million in 2017Q2, according to the filing. It also reduced C&J Energy Svcs Inc New stake by 420,276 shares and now owns 1.75 million shares. Torchmark Corp (NYSE:TMK) was reduced too.

Among 30 analysts covering Newfield Exploration Co. Therefore 39% are positive. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods.

In the most updated research from a number of analysts on Wall Street, the company gets 23 Buys and 1 Sell among 31 analysts. The stock of General Motors Company (NYSE:GM) earned "Sector Perform" rating by RBC Capital Markets on Friday, July 24. The firm has "Underperform" rating by Macquarie Research given on Tuesday, August 25. On Thursday, August 3 the stock rating was maintained by Credit Suisse with "Neutral". As per Thursday, October 5, the company rating was maintained by RBC Capital Markets. The stock of Apollo Global Management LLC (NYSE:APO) earned "Equal-Weight" rating by Morgan Stanley on Thursday, October 5.

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Jefferies Group also issued estimates for Bank of America Corporation's FY2017 earnings at $1.83 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.57 EPS and Q4 2018 earnings at $0.57 EPS.

On 7/28/2017 Bank of America Corporation announced a quarterly dividend of $0.12 1.99% with an ex dividend date of 8/30/2017 which will be payable on 9/29/2017. It worsened, as 43 investors sold TMO shares while 415 reduced holdings. 71 funds opened positions while 297 raised stakes. Calamos Advisors Llc holds 3.89 million shares. Berkshire Asset Management Ltd Limited Liability Company Pa reported 119,914 shares or 0.33% of all its holdings. (NYSE:IBM). Jacobs & Com Ca, a California-based fund reported 57,173 shares. (NASDAQ:IDXX). Cardinal Mngmt invested in 18,976 shares. Spc Fincl reported 2,046 shares stake. New Amsterdam Prtn Ltd Liability Company owns 87,579 shares or 0.49% of their USA portfolio. Cambridge Gp Inc reported 226,286 shares stake.

Benjamin F Edwards & Company Inc increased Vanguard Intl Equity Index F (VWO) stake by 46,442 shares to 190,459 valued at $7.78M in 2017Q2. Castleark Management Ltd holds 0.39% or 485,800 shares. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Thrivent Financial For Lutherans has invested 0% in Newfield Exploration Co.

Looking forward, the company's quarterly earnings are expected to come at $1.01 in the three months through September 2017 and $1 in the quarter ending December 2017, reflecting 65.57% and 1150% growth, respectively. Its down 0.04, from 0.95 in 2017Q1. It fall, as 79 investors sold BAC shares while 543 reduced holdings. Fulton Bank N.A. raised its position in Bank of America Corporation by 3.5% in the 3rd quarter. Carret Asset Mgmt Ltd Liability Com holds 185,625 shares. Pnc Financial Grp Incorporated reported 36,119 shares. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. Cornercap Inv Counsel accumulated 174,775 shares. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.

The current consensus rating on Bank of America Corporation (NYSE:BAC) is Buy (Score: 2.76) with a consensus target price of $24.81 per share, a potential 4.30% downside. Sequoia Financial Ltd accumulated 1,175 shares. Alliancebernstein Limited Partnership owns 63.15 million shares or 1.18% of their United States portfolio. Mondrian Investment Prtnrs holds 2,650 shares. Patten & Patten Tn owns 232,724 shares. The rating was maintained by Robert W. Baird with "Hold" on Friday, September 29. Family Firm has invested 0.09% in Bank of America Corp (NYSE:BAC). BidaskClub upgraded Bank of America Corporation from a sell rating to a hold rating in a research report on Friday, August 4th. Therefore 66% are positive. CIBC reiterated an outperform rating on shares of Bank of America Corporation in a research report on Tuesday, July 11th. The firm earned "Neutral" rating on Wednesday, January 11 by UBS. BMO Capital Markets maintained the shares of BAC in report on Friday, October 6 with "Hold" rating. The stock has "Buy" rating by Vetr on Tuesday, August 11. Bank of America Corporation has a 1-year low of $15.60 and a 1-year high of $26.30. The stock has "Hold" rating by Standpoint Research on Thursday, September 14. The rating was maintained by Oppenheimer on Tuesday, October 6 with "Outperform". The rating was maintained by FBR Capital with "Hold" on Tuesday, July 11.

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