EPS for Bank of America Corporation (BAC) Expected At $0.63 as of July, 17

June 27, 2018 - By Matthew Medley

Bank of America Corporation (NYSE:BAC) Corporate Logo
Big Money Sentiment decreased to 0.95 in Q1 2018. It has change of 0.24, from 2017Q4’s 1.19. The ratio dropped due to Bank of America Corporation positioning: 73 sold and 633 reduced. 134 funds bought positions and 535 increased positions. Investors holded 6.85 billion in 2017Q4 but now own 6.66 billion shares or 2.67% less.
Johnson Inv Counsel stated it has 1.01% of its capital in Bank of America Corporation (NYSE:BAC). Wolverine Asset Mgmt Ltd Limited Liability Company invested in 0.01% or 18,886 shs. Sector Pension Invest Board holds 1.35% or 6.42M shs. Pacific Glob Investment Mgmt has 272,413 shs. Ing Groep Nv owns 14.97M shs for 8.13% of their capital. Graham Mgmt Ltd Partnership has invested 0.05% in Bank of America Corporation (NYSE:BAC). Staley Cap Advisers reported 7,710 shs stake. Barr E S & stated it has 0.03% in Bank of America Corporation (NYSE:BAC). Stratos Wealth Partners, a Ohio-based fund reported 185,611 shs. Argi Svcs Ltd Com holds 26,153 shs or 0.05% of its capital. First Trust Retail Bank Ltd reported 210,721 shs. Buckingham Asset Limited Liability Company reported 54,501 shs or 0.32% of all its holdings. Sageworth Tru Company reported 958 shs or 0% of all its holdings. Td Asset has invested 0.75% in Bank of America Corporation (NYSE:BAC). Capital World Investors has 0.22% invested in Bank of America Corporation (NYSE:BAC).

On July, 17 is anticipated Bank of America Corporation (NYSE:BAC)’s earnings report, as reported by Faxor. Analysts have expectation on stock’s EPS of $0.63. That’s up 36.96 % from last year’s $0.46 EPS. If reported the P/E will be 11.33 with $6.39 billion profit. After $0.62 EPS was published last quarter, analysts now see EPS growth of 1.61 % for Bank of America Corporation. BAC is touching $28.54 during the last trading session, after increased 0.21%.Currently Bank of America Corporation is uptrending after 29.72% change in last June 27, 2017. BAC has 53.30M shares volume. The stock outperformed the S&P500 by 17.15%.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

In total 13 analysts cover Bank of America (NYSE:BAC). “Buy” rating has 8, “Sell” are 0, while 5 are “Hold”. (NYSE:BAC) has 62% bullish analysts. 15 are the (NYSE:BAC)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Tuesday, January 9 the rating was maintained by Sandler O’Neill with “Buy”. The company rating was maintained by Barclays Capital on Tuesday, April 17. In Wednesday, April 4 report Keefe Bruyette & Woods maintained it with “Buy” rating and $3500 target. On Monday, April 16 the stock has “Buy” rating by Nomura. In Monday, March 26 report Oppenheimer maintained the stock with “Buy” rating. On Friday, March 16 Credit Suisse maintained the shares of BAC in report with “Outperform” rating. In Friday, February 2 report Morgan Stanley maintained it with “Overweight” rating and $37 target. On Wednesday, January 17 BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating. BMO Capital Markets has “Hold” rating and $34.0 target. On Tuesday, April 24 the company was maintained by Citigroup. In Friday, January 19 report Sandler O’Neill maintained it with “Buy” rating and $36.0 target.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide.The firm is valued at $289.38 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets.16.55 is the P/E ratio. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans.

For more Bank of America Corporation (NYSE:BAC) news released briefly go to: Finance.Yahoo.com, Bizjournals.com, Investorplace.com, Seekingalpha.com or Investorplace.com. The titles are as follows: “3 Big Stock Charts for Tuesday: Bank of America, American Express and Marsh & McLennan” released on June 26, 2018, “How the revamped Wells Fargo, American Express rewards card stacks up against the competition” on June 26, 2018, “3 Bank Stocks on the Brink” with a publish date: June 25, 2018, “Bank Of America Comprehensive Capital Analysis And Review: Expect A 75% Dividend Hike” and the last “Bank of America Is a Bargain Heading Into Earnings” with publication date: June 26, 2018.

Bank of America Corporation (NYSE:BAC) Institutional Investors Chart

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