Bank of America is gaining ground after earnings (BAC)

Bringing Costs Down       Bank of America posted its lowest expense-to-revenue ratio in years              Source Company filings

Bank of America Corp shares rose $0.25 (+0.84%) in premarket trading Monday. $304.68 billion is Bank Amer Corp's MC. The stock decreased 2.77% or $0.85 during the last trading session, reaching $29.8. BAC has 99.25M volume or 29.22% up from normal. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 15, 2017 and is uptrending. The Dow is up 180.56 points or 0.7% at 24,540.70, the Nasdaq is up 30.91 points or 0.4% at 7,137.56 and the S&P 500 is up 15.99 points or 0.6% at 2,672.29. Ctc Llc bought 179,594 shares as the company's stock rose 58.31% while stock markets declined.

Bluefin Trading Llc, which manages about $1.65 billion US Long portfolio, decreased its stake in At&T Inc (NYSE:T) by 192,123 shares to 285,777 shares, valued at $11.11M in 2017Q4, according to the filing. M&T Bank will release earnings before the markets open. It closed at $0.48 lastly. About 80.40 million shares traded or 4.68% up from the average. Replay information for Investor Conference Call Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on April 16, through 11:59 p.m. ET on April 23.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter. Therefore 68% are positive. The firm has "Buy" rating by Keefe Bruyette & Woods given on Tuesday, October 3. The rating was maintained by BMO Capital Markets with "Hold" on Wednesday, August 23.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. On Friday, February 2 Morgan Stanley maintained the shares of BAC in report with "Overweight" rating. The company was downgraded on Thursday, December 1 by Standpoint Research. The stock has "Outperform" rating by Oppenheimer on Tuesday, October 6. On Tuesday, January 9 the firm has "Hold" rating by Societe Generale given. They expect $0.85 EPS, up 16.44% or $0.12 from last year's $0.73 per share. After $0.96 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth.

Investors sentiment increased to 1.31 in Q4 2017. While the French CAC 40 Index is just below the unchanged line, the German DAX Index is down by 0.3 percent and the U.K.'s FTSE 100 Index is down by 0.7 percent. The ratio is positive due to Bank of America Corporation positioning: 66 sold and 561 reduced. 162 funds opened positions while 585 raised stakes. Reliant Invest Management Ltd Limited Liability Company owns 101,360 shares or 2.05% of their USA portfolio. 953,868 are held by Fiduciary Trust Com. 344.43 million shares or 3.28% less from 356.10 million shares in 2017Q3 were reported. Stephens Ar holds 0.01% or 1,986 shares.

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Diversified Com accumulated 13,798 shares or 0.02% of the stock. Tradewinds Management Limited Company stated it has 12,336 shares. About 1.20M shares traded or 35.98% up from the average. Shell Asset Mgmt holds 1.51 million shares or 0.88% of its portfolio. Marshall Wace Limited Liability Partnership has 0.03% invested in Netflix, Inc. Kempner Cap Mngmt holds 321,897 shares.

Shares of Bank of America were up roughly 1% in early trading Monday after the firm reported earnings that beat analysts expectations, continuing a trend of stellar financial earnings in the first quarter.

In total 13 analysts cover Bank of America (NYSE:BAC). Nj State Employees Deferred Compensation Plan holds 0.49% of its portfolio in Bank of America Corporation (NYSE:BAC) for 95,082 shares.

After billions in fines and payouts to regulators and investors in the years after the financial crisis, Bank of America has moved away from securitizing and servicing residential mortgages. After having $0.47 EPS previously, Bank of America Corporation's analysts see 25.53 % EPS growth.

Bank of America shares were almost 0.4% lower at $29.68 in Monday morning trading.

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