EPS for Bank of America Corp (BAC) Expected At $0.47

September 17, 2017 - By Adrian Mccoy

 EPS for Bank of America Corp (BAC) Expected At $0.47
Investors sentiment increased to 1.1 in Q4 2016. Its up 0.09, from 1.01 in 2016Q3. It increased, as 62 investors sold Bank of America Corp shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. 6.48 billion shares or 6.26% more from 6.10 billion shares in 2016Q3 were reported.
First National Commerce invested 0.22% in Bank of America Corp (NYSE:BAC). Lee Danner And Bass Inc, Tennessee-based fund reported 27,824 shares. Krasney Financial Limited Liability Corp owns 0.09% invested in Bank of America Corp (NYSE:BAC) for 17,331 shares. Kidder Stephen W has 25,000 shares. Warren Averett Asset Lc accumulated 15,725 shares. Mason Street Advsr Ltd Liability Co stated it has 0.83% of its portfolio in Bank of America Corp (NYSE:BAC). Cape Cod Five Cents Bank & Trust owns 30,724 shares or 0.12% of their US portfolio. Alpine Prtn Vi Ltd Limited Liability Company holds 17,565 shares. Crawford Inv Counsel Inc owns 14,200 shares for 0.01% of their portfolio. Sadoff Investment Mgmt Limited Liability Corporation has invested 4.6% in Bank of America Corp (NYSE:BAC). Concert Wealth Mgmt has invested 0.84% in Bank of America Corp (NYSE:BAC). Wealth Architects Limited Liability Co reported 11,143 shares. New Jersey-based Roundview Llc has invested 1.77% in Bank of America Corp (NYSE:BAC). Mathes has 0.63% invested in Bank of America Corp (NYSE:BAC) for 51,458 shares. Quantitative Invest Ltd Co holds 1.04 million shares or 0.58% of its portfolio.

Wall Street await Bank of America Corp (NYSE:BAC) to release earnings on October, 13 before the open. Analysts forecast earnings per share of $0.47, up exactly $0.06 or 14.63 % from 2014’s $0.41 EPS. The expected BAC’s profit could reach $4.96 billion giving the stock 12.97 P/E in the case that $0.47 earnings per share is reported. After posting $0.46 EPS for the previous quarter, Bank of America Corp’s analysts now forecast 2.17 % EPS growth. The stock increased 0.58% or $0.14 on September 15, reaching $24.38. About 85.94M shares traded or 28.27% up from the average. Bank of America Corp (NYSE:BAC) has risen 58.64% since September 17, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Bank of America Corp (NYSE:BAC) Ratings Coverage

Among 29 analysts covering Bank of America (NYSE:BAC), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 66% are positive. Bank of America had 79 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Standpoint Research on Thursday, December 1 to “Hold”. The firm has “Outperform” rating given on Friday, January 29 by Credit Agricole. The stock has “Buy” rating by Jefferies on Tuesday, July 21. Atlantic Securities upgraded the stock to “Overweight” rating in Wednesday, December 21 report. Wood downgraded the shares of BAC in report on Monday, May 16 to “Market Perform” rating. The stock has “Buy” rating by Renaissance Macro Securities LLC on Sunday, July 23. Macquarie Research upgraded Bank of America Corp (NYSE:BAC) on Thursday, February 16 to “Outperform” rating. The rating was maintained by JP Morgan on Thursday, April 7 with “Overweight”. As per Tuesday, August 25, the company rating was upgraded by Robert W. Baird. The company was maintained on Thursday, August 10 by Wells Fargo.

Bank of America Corporation is a bank holding firm and a financial holding company. The company has market cap of $257.22 billion. The Firm is a financial institution, serving individual clients and others with a range of banking, investing, asset management and other financial and risk management services and products. It has a 14.7 P/E ratio. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business divisions: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Investorplace.com which released: “It’s Mostly Good News for Bank of America Corp (BAC) Stock” on August 30, 2017, also Investorplace.com with their article: “3 Big Stock Charts for Thursday: Bank of America Corp (BAC), JPMorgan Chase …” published on September 14, 2017, Investorplace.com published: “Bank of America Corp (BAC) Can’t Deliver Where It Counts Most” on August 22, 2017. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Businessinsider.com and their article: “Warren Buffett is now Bank of America’s top shareholder” published on August 29, 2017 as well as Wsj.com‘s news article titled: “How Bank of America Ditched 1597 Branches Across the US” with publication date: September 17, 2017.

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