Bank of America beats Q3 estimates

Bank of America beats Q3 estimates

Bank of America beats Q3 estimates

This repurchase authorization permits the financial services provider to reacquire up to 4.8% of its shares through open market purchases. Third-quarter fixed-income revenue totaled $2.152 billion versus $2.646 billion in the year-earlier period. About 748,500 shares traded. It has underperformed by 25.94% the S&P500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The stock increased 1.00% or $2.14 during the last trading session, reaching $216.81.

Bank of America's shares, which had risen nearly 16 per cent year to date, were up almost one per cent in morning trade while Wells Fargo was down more than three per cent. Bank Amer Corp now has $270.20 billion valuation. Alliancebernstein LP holds 63.15M shares.

Bank of America Corp (NYSE: BAC) reported its third quarter earnings for fiscal year 2017. It has outperformed by 41.94% the S&P500.

Among 7 analysts covering Netgear (NASDAQ:NTGR), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive.

Like other banks that reported Thursday, Bank of America also scored a modest increase in overall loans. The firm earned "Buy" rating on Tuesday, May 10 by Chardan Capital Markets. Wood maintained it with "Outperform" rating and $135 target in Thursday, October 1 report. RBC Capital Markets maintained KEYW Holding Corp. The stock has "Neutral" rating by Guggenheim on Tuesday, November 15. Deutsche Bank maintained Bank of America Corp (NYSE:BAC) on Wednesday, August 12 with "Buy" rating. Finally, Jefferies Group LLC restated a buy rating and issued a $28.00 target price on shares of Bank of America Corporation in a research report on Friday, August 11th. Oppenheimer maintained Bank of America Corp (NYSE:BAC) on Tuesday, July 18 with "Buy" rating. It also reduced Whirlpool Corp Com (NYSE:WHR) stake by 5,032 shares and now owns 85,659 shares. In the past 3-month period alone, shares of BAC have appreciated - or. 47 funds opened positions while 158 raised stakes. 77,434 were reported by 1St Source Comml Bank. Archford Capital Strategies Ltd reported 5,246 shares. The original version of this story can be read at https://www.dispatchtribunal.com/2017/10/13/kovitz-investment-group-partners-llc-has-75-12-million-stake-in-bank-of-america-corporation-bac.html.

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The biggest institutional shareholders in Bank of America Corporation include Berkshire Hathaway Inc which owns 700 million shares in the company valued at $16.88 B million. Winslow Evans And Crocker Inc reported 51 shares. Warman D Scott N had sold 1,000 shares worth $161,198. Sound Shore Mgmt Ct has 3.59% invested in Bank of America Corp (NYSE:BAC). Welch Group LLC increased its position in Bank of America Corporation by 0.4% in the first quarter. Federated Pa accumulated 123,434 shares. 72,084 are owned by Centurylink Mngmt Co. Archford Cap Strategies Limited Liability Corp reported 5,246 shares stake. (NASDAQ:NTGR) has "Hold" rating given on Monday, October 3 by BWS Financial. Louisiana-based Iberiabank has invested 0.57% in Bank of America Corp (NYSE:BAC). Broadview Advisors Ltd Llc holds 34,100 shares.

Among 44 analysts covering Nike Inc.

Among new and sold out positions, 117 holders initiated new positions by a total of 32.39 million shares and 88 holders exited their positions by a total of 32.45 million shares. Therefore 43% are positive. Nike Inc. had 187 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse on Thursday, June 1 with "Buy". Buckingham Research reissued a "buy" rating and issued a $30.00 price target (up previously from $27.00) on shares of Bank of America Corporation in a report on Monday, July 10th. The company was upgraded on Tuesday, September 1 by KBW. The stock has "Neutral" rating by Goldman Sachs on Monday, January 11. Robert W. Baird maintained the shares of BAC in report on Friday, August 25 with "Hold" rating.

Investors sentiment decreased to 1 in Q2 2017. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. It improved, as 39 investors sold MTB shares while 189 reduced holdings. Citigroup reported revenue of $18.2 billion and an EPS of $1.42.

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