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

June 14, 2018 - By Hazel Jackson

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 dropped, 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.
Rowland & Inv Counsel Adv reported 0% in Bank of America Corporation (NYSE:BAC). Griffin Asset Mngmt Inc holds 79,372 shares. 46,760 are held by Bouchey Fincl Gp Ltd. Continental Advisors Ltd Company stated it has 1.92% of its portfolio in Bank of America Corporation (NYSE:BAC). Ssi Invest Mgmt Inc invested in 30,902 shares or 0.08% of the stock. Susquehanna International Group Ltd Liability Partnership has 3.55 million shares for 0.04% of their portfolio. Hl Finance Serv Limited Liability reported 207,890 shares. Btr Management Incorporated reported 24,245 shares. Daiwa Secs Group has invested 0.33% in Bank of America Corporation (NYSE:BAC). Linscomb And Williams Incorporated invested 0.07% in Bank of America Corporation (NYSE:BAC). Meridian has invested 1.28% in Bank of America Corporation (NYSE:BAC). Stanley Limited Com reported 211,231 shares. Lowe Brockenbrough And has invested 0.08% in Bank of America Corporation (NYSE:BAC). Glenmede Tru Na reported 0.08% stake. Lee Danner Bass, Tennessee-based fund reported 31,719 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 of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Nomura on Monday, April 16. The firm earned “Overweight” rating on Friday, February 2 by Morgan Stanley. Citigroup maintained it with “Neutral” rating and $34 target in Tuesday, April 24 report. The rating was downgraded by Societe Generale to “Hold” on Tuesday, January 9. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, January 2. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, January 17. On Friday, January 19 the stock rating was maintained by Sandler O’Neill with “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, April 4. The rating was maintained by Oppenheimer with “Buy” on Monday, March 26.

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 Corporation (BAC) Presents at Morgan Stanley Financials Conference (Transcript)” on June 12, 2018, also Investorplace.com with their article: “Trade of the Day: Bank of America Corp Stock Could Be the Next to Rally” published on June 07, 2018, Nasdaq.com published: “Consolidated Research: 2018 Summary Expectations for Humana, DexCom, Royal Dutch Shell, First Connecticut …” on June 14, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank Of America: More Tailwinds” published on June 03, 2018 as well as Seekingalpha.com‘s news article titled: “Bank of America’s virtual financial assistant gets over 1M users” with publication date: June 12, 2018.

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

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