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vegassports-odds.com October 17, 2017


Bank of America Profit Climbs, Driven by Higher Interests Rates

13 October 2017, 05:21 | Melvin Schneider

Scott Mlyn | CNBC A Bank of America branch in New York

A Bank of America branch in New York

ERIC's profit would be $100.12M giving it 47.92 P/E if the $0.03 EPS is correct. The stock was sold at an average price of $67.55, for a total transaction of $2,702,000.00. The stock increased 1.00% or $2.14 during the last trading session, reaching $216.81. It has underperformed by 30.84% the S&P500.

Total revenue rose less than 1 percent to $21.8 billion from a year earlier, slightly below analysts' expectations of $21.9 billion. 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. Moreover, Scholtz And Co Ltd Liability Company has 3.41% invested in Bank of America Corp (NYSE:BAC). Welch Group LLC now owns 10,035 shares of the financial services provider's stock valued at $237,000 after buying an additional 42 shares during the last quarter. About 489,559 shares traded.

Bank of America Corporation (NYSE:BAC) last announced its earnings results on Tuesday, July 18th. It has outperformed by 41.94% the S&P500. American Intl Gp reported 798,682 shares stake.

Investors sentiment decreased to 1.12 in Q2 2017. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. Wells Fargo & Company restated a "buy" rating on shares of Citigroup in a research note on Monday, October 2nd. 120 funds opened positions while 577 raised stakes. (NYSE:PEP). Nordea Management has 1.97M shares for 0.57% of their portfolio. Apg Asset Mngmt Nv owns 30.05 million shares or 1.32% of their U.S. portfolio. Ancora Advsrs Ltd holds 10,877 shares or 0.02% of its portfolio. BidaskClub raised shares of Bank of America Corporation from a "hold" rating to a "buy" rating in a research report on Friday, July 7th.

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Bank of America, the second-largest USA bank by assets, employs about 15,000 in Charlotte. Barometer Cap Mgmt Inc invested in 867,520 shares. Crystal Rock Management holds 202,400 shares. Bank of America Corporation's payout ratio is now 28.57%. Following the sale, the insider now directly owns 56,394 shares of the company's stock, valued at $3,889,494.18. Moreover, Fdx Advsrs has 0.23% invested in Bank of America Corp (NYSE:BAC). Canandaigua State Bank & Tru accumulated 101,107 shares. Birinyi Associates owns 34,250 shares.

Bank of America Corporation is a bank holding company and a financial holding company.

BAC has been the topic of a number of other reports. Therefore 66% are positive. Analysts had expected $21.98 billion. On Monday, May 16 the stock rating was downgraded by Wood to "Market Perform". The stock has "Neutral" rating by UBS on Wednesday, August 26. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. The firm has "Hold" rating given on Friday, October 6 by BMO Capital Markets. On Wednesday, December 21 the stock rating was upgraded by Atlantic Securities to "Overweight". One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. Public Storage had 52 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Outperform" rating by Oppenheimer given on Saturday, September 5. The rating was maintained by Deutsche Bank with "Buy" on Tuesday, August 25. The firm has "Buy" rating given on Tuesday, September 8 by Nomura. The firm has "Overweight" rating given on Wednesday, November 11 by Barclays Capital.



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