Bank of America profit rises 15 percent on lower costs

Bank of America Corp Leasing Space In Paris France

Bank of America Corp Leasing Space In Paris France

In terms of earnings per share, 25 analysts have a 0.47 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 18 analysts have a 0.46 EPS mean target and for the quarter ending Mar-18 there are 29 estimates of 1.79 EPS. 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. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. Finally, Keefe, Bruyette & Woods restated an overweight rating on shares of Bank of America Corporation in a report on Thursday, July 13th.

They expect $0.46 EPS, up 10.87% or $0.05 from last year's $0.41 per share. Lpl Lc holds 0.19% of its portfolio in Bank of America Corp (NYSE:BAC) for 2.07M shares. The stock of Clean Harbors Inc (NYSE:CLH) has "Buy" rating given on Thursday, February 23 by Needham. AQR Capital Management LLC raised its position in shares of Bank of America Corporation by 21.3% in the first quarter.

Among 29 analysts covering Bank of America (NYSE:BAC), 19 have Buy rating, 0 Sell and 10 Hold. Arbor Investment Advisors LLC now owns 14,328 shares of the financial services provider's stock valued at $348,000 after buying an additional 46 shares during the last quarter. PepsiCo had 55 analyst reports since July 21, 2015 according to SRatingsIntel.

Fulton Bank decreased Vanguard Specialized Portfol (VDIGX) stake by 595,941 shares to 885,285 valued at $22.46 million in 2017Q2. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Bank of America had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Tuesday, September 1 by Macquarie Research. The stock of Bank of America Corp (NYSE:BAC) has "Buy" rating given on Monday, August 24 by Vetr.

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TRADEMARK VIOLATION WARNING: This piece of content was originally reported by BBNS and is the sole property of of BBNS. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright laws. Bank of America Corp (NYSE:BAC) has risen 58.64% since October 13, 2016 and is uptrending.

Avenir Corp increased Bank Amer Corp (BAC) stake by 20.59% reported in 2017Q2 SEC filing. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

ATR value of the company was 0.41 and Relative Strength Index (RSI) was 53.97. Bank of America Corporation had a return on equity of 8.11% and a net margin of 20.28%. Golub Group Llc sold 135,831 shares as the company's stock rose 5.12% with the market.

Quarterly profit at the second-largest US bank by assets rose 13% from $4.96 billion a year earlier.

TCS Q2 earnings up 8.4% sequentially to Rs 64.46 bn
However, when compared to the same period previous year , its net profit dropped 2.1 per cent from Rs 6,603 crore. Operating margins stood at 25.1%, a good jump of 171 basis points sequentially.

Bank of America Corporation (BAC) reported a profit for its third quarter that climbed compared to the same period past year. This repurchase authorization permits the financial services provider to repurchase up to 4.8% of its shares through open market purchases.

The company said revenue for the quarter rose 0.9% to $21.84 billion. The legal version of this report can be read at https://weekherald.com/2017/10/13/bank-of-america-corporation-bac-releases-quarterly-earnings-results-beats-expectations-by-0-02-eps.html. The company's revenue was up 7.1% on a year-over-year basis. The bank's net interest income rose to $11.16 billion, though it started to pay slightly higher rates to depositors in the quarter. Bank of America Corporation (BAC) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume. They now have a $27.00 target price on the financial services provider's stock, up from their previous target price of $25.00. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued. Shareholders of record on Friday, September 1st were paid a $0.12 dividend. The ex-dividend date was Wednesday, August 30th. The rate the bank paid on USA interest-bearing deposits was 0.24%, compared with a rock-bottom 0.11% in the prior quarter.

Since April 28, 2017, it had 0 insider buys, and 1 insider sale for $337,775 activity. UBS downgraded Bank of America Corp (NYSE:BAC) rating on Wednesday, January 11. The lender has spent $70 billion on legal bills since the financial crisis - more than any other USA bank - including $30 billion on mortgage putbacks.

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