Bank of America Corporation (BAC) Analysts See $0.59 EPS

March 14, 2018 - By Max Morgan

 Bank of America Corporation (BAC) Analysts See $0.59 EPS
Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It dived, as 68 investors sold Bank of America Corporation shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported.
Manning And Napier Advsr Limited Liability Company holds 151,495 shares or 0.03% of its portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 1.21 million shares. The United Kingdom-based Mondrian Investment Limited has invested 0% in Bank of America Corporation (NYSE:BAC). Northcoast Asset Mngmt Ltd Llc holds 2.42% of its portfolio in Bank of America Corporation (NYSE:BAC) for 811,021 shares. Aull Monroe Corporation holds 0.99% in Bank of America Corporation (NYSE:BAC) or 76,112 shares. Empirical Service Lc holds 16,957 shares. Silvercrest Asset Mgmt Group Limited Liability Corp holds 249,671 shares or 0.06% of its portfolio. Hbk Sorce Advisory Ltd accumulated 0.25% or 66,167 shares. 1St Source Fincl Bank reported 81,124 shares or 0.17% of all its holdings. Wells Fargo Mn accumulated 0.27% or 33.98 million shares. 219,845 are held by Connable Office. 442,175 are held by Grassi Investment Mngmt. Raymond James Financial has invested 0.29% of its portfolio in Bank of America Corporation (NYSE:BAC). Massachusetts-based Trillium Asset Mngmt Lc has invested 1.25% in Bank of America Corporation (NYSE:BAC). Intrust Comml Bank Na owns 113,928 shares for 0.94% of their portfolio.

Analysts expect Bank of America Corporation (NYSE:BAC) to report $0.59 EPS on April, 17.They anticipate $0.18 EPS change or 43.90 % from last quarter’s $0.41 EPS. BAC’s profit would be $6.04B giving it 13.71 P/E if the $0.59 EPS is correct. After having $0.47 EPS previously, Bank of America Corporation’s analysts see 25.53 % EPS growth. The stock decreased 1.46% or $0.48 during the last trading session, reaching $32.36. About 63.35 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since March 14, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. Guggenheim downgraded the shares of BAC in report on Tuesday, November 15 to “Neutral” rating. Deutsche Bank maintained it with “Buy” rating and $20 target in Wednesday, August 12 report. The firm has “Neutral” rating given on Wednesday, January 11 by UBS. Robert W. Baird maintained the stock with “Hold” rating in Friday, August 25 report. RBC Capital Markets maintained the shares of BAC in report on Wednesday, December 6 with “Buy” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, July 19 by Citigroup. The firm earned “Overweight” rating on Thursday, April 7 by JP Morgan. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Citigroup on Wednesday, January 11. On Wednesday, July 13 the stock rating was initiated by Berenberg with “Buy”. Sandler O’Neill maintained the shares of BAC in report on Tuesday, January 9 with “Buy” rating.

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 company has market cap of $331.49 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It has a 20.76 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.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: which released: “3 Reasons Bank of America Corp Stock Has More Upside” on February 20, 2018, also with their article: “Why Bank of America Corp Stock Is Still a Solid Buy” published on March 01, 2018, published: “Bank of America Corp Out of the Frying Pan, Into the Fire” on March 12, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: and their article: “Despite Failing to Break Out, Bank of America Corp Stock Remains a Screaming Buy” published on March 02, 2018 as well as‘s news article titled: “Merrill Lynch Bolsters Business Serving Richest Clients” with publication date: March 13, 2018.

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