The stock has $609.60M outstanding shares.
Bank of America posted $11.4 billion in net interest income, using the adjusted figure analysts tend to prefer to show fully taxable equivalence.
Several other research analysts also recently commented on BAC.
Analysts await M&T Bank Corporation (NYSE:MTB) to report earnings on October, 18. Armbruster Capital Management Inc. raised its holdings in shares of Bank of America Corporation by 10.8% in the 1st quarter. Trading revenue at Bank of America, excluding an accounting adjustment, fell 15% to $3.15 billion from $3.73 billion in last year's third quarter.
Toronto-Dominion Bank is a Canada bank, which operates in the North America. Tarbox Family Office Inc. now owns 4,809 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 21 shares during the last quarter. Wealth Architects Ltd Liability Com has 27,309 shares for 0.25% of their portfolio. The Illinois-based Arete Wealth Advisors Llc has invested 1.17% in the stock.
Paris to ban combustion-engine cars by 2030
City officials are often forced to issue temporary bans on gas- and diesel-powered cars in response to particularly bad surges. Environment Minister Nicolas Hulot has said he wants to banish from France all fossil fuel cars by 2040.
Scholtz & Company Llc, which manages about $132.60 million and $115.94M US Long portfolio, decreased its stake in Svb Financial Group (NASDAQ:SIVB) by 11,443 shares to 11,689 shares, valued at $2.06M in 2017Q2, according to the filing. Institutional investors own 61.64% of the company's stock.
Analysts at Credit Suisse think the stock, along with that of other banking giants, could benefit from potential tax cuts and "progress on regulatory reform ". Deutsche Bank AG reaffirmed a hold rating on shares of Bank of America Corporation in a research note on Monday, July 3rd. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by Jefferies on Tuesday, July 21. Barclays Capital maintained Bank of America Corp (NYSE:BAC) on Tuesday, January 3 with "Equal Weight" rating. With 1.36M avg volume, 4 days are for Anthem Incorporated (NYSE:ANTM)'s short sellers to cover ANTM's short positions. Wedbush maintained M&T Bank Corporation (NYSE:MTB) rating on Wednesday, November 30. The stock of Bank of America Corp (NYSE:BAC) earned "Neutral" rating by UBS on Wednesday, August 26. The company has market cap of $272.52 billion. The firm has a 50 day moving average of $24.71 and a 200-day moving average of $23.93.
Bank of America, the second-largest USA bank by assets, employs about 15,000 in Charlotte.
Bank of America reported third-quarter results on Friday that beat Wall Street expectations despite a slowdown in its fixed-income trading business. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. Bank of America Corporation had a net margin of 20.28% and a return on equity of 8.11%. During the same period in the previous year, the firm earned $0.41 EPS. About 8.26M shares traded. The stock has "Buy" rating by KBW on Tuesday, September 1. Stock buyback programs are often a sign that the company's board believes its shares are undervalued. Shareholders of record on Friday, September 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.86%. This is a positive change from Bank of America Corporation's previous quarterly dividend of $0.08. As per Thursday, August 3, the company rating was maintained by Oppenheimer. The shares were sold at an average price of $24.16, for a total transaction of $2,096,194.08. The Manufacturers Life Insurance Company now owns 44,136,977 shares of the financial services provider's stock valued at $1,070,762,000 after purchasing an additional 9,612,342 shares in the last quarter. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Capital Management Corp VA now owns 10,385 shares of the financial services provider's stock worth $252,000 after purchasing an additional 33 shares during the period.
TRADEMARK VIOLATION WARNING: This story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another website, it was illegally copied and reposted in violation of USA and global copyright & trademark legislation. Wood maintained the shares of BAC in report on Friday, April 7 with "Outperform" rating.