$0.63 EPS Expected for Bank of America Corporation (BAC)

June 14, 2018 - By Jimmy Baldridge

Bank of America Corporation (NYSE:BAC) LogoInvestors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It dived, as 73 investors sold Bank of America Corporation shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported.
National Bank & Trust Of The West accumulated 0.58% or 155,770 shares. Aviva Pcl reported 6.17M shares or 1.13% of all its holdings. Griffin Asset Mngmt reported 79,372 shares or 0.43% of all its holdings. Renaissance Limited Liability Co accumulated 89,378 shares or 0.09% of the stock. Thompson Invest Mgmt Inc holds 2.28% or 407,437 shares in its portfolio. Vestor Capital Ltd Liability Co holds 448,717 shares. Alpha Cubed Lc reported 70,385 shares. Eagleclaw Managment Limited Liability Company reported 81,050 shares or 1.23% of all its holdings. Fincl Advisory Serv Incorporated reported 0.16% of its portfolio in Bank of America Corporation (NYSE:BAC). Morgan Stanley, a New York-based fund reported 56.41 million shares. Augustine Asset Management has invested 0.35% in Bank of America Corporation (NYSE:BAC). Illinois-based Grp One Trading Ltd Partnership has invested 0.07% in Bank of America Corporation (NYSE:BAC). Flippin Bruce And Porter Inc holds 1.37% of its portfolio in Bank of America Corporation (NYSE:BAC) for 211,673 shares. Marble Harbor Counsel Llc holds 34,947 shares. Redwood Cap Management Limited Liability invested in 1.83% or 872,400 shares.

Analysts expect Bank of America Corporation (NYSE:BAC) to report $0.63 EPS on July, 17.They anticipate $0.17 EPS change or 36.96 % from last quarter’s $0.46 EPS. BAC’s profit would be $6.39 billion giving it 11.71 P/E if the $0.63 EPS is correct. After having $0.62 EPS previously, Bank of America Corporation’s analysts see 1.61 % EPS growth. The stock decreased 1.12% or $0.335 during the last trading session, reaching $29.505. About 58.43M shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 14, 2017 and is uptrending. It has outperformed by 17.15% the S&P500.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

Among 14 analysts covering Bank of America (NYSE:BAC), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Bank of America had 17 analyst reports since December 20, 2017 according to SRatingsIntel. The stock has “Buy” rating by Wells Fargo on Wednesday, December 20. Keefe Bruyette & Woods maintained it with “Buy” rating and $36.0 target in Thursday, December 21 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, April 4. Robert W. Baird maintained the shares of BAC in report on Tuesday, January 2 with “Hold” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Overweight” rating given on Friday, February 2 by Morgan Stanley. The rating was maintained by Credit Suisse on Friday, March 16 with “Outperform”. BMO Capital Markets maintained it with “Hold” rating and $34.0 target in Wednesday, January 17 report. The rating was maintained by Nomura on Monday, April 16 with “Buy”. As per Friday, January 19, the company rating was maintained by Sandler O’Neill. As per Monday, April 16, the company rating was maintained by Jefferies.

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 $299.16 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It has a 17.11 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: Seekingalpha.com which released: “Bank Of America: More Tailwinds” on June 03, 2018, also Seekingalpha.com with their article: “Bank of America’s virtual financial assistant gets over 1M users” published on June 12, 2018, Seekingalpha.com published: “Citi warns on bank job automation” on June 12, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Investorplace.com and their article: “5 Top Stock Trades for Thursday Morning” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Bank of America Corporation (BAC) Presents at Morgan Stanley Financials Conference (Transcript)” with publication date: June 12, 2018.

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

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