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Bank of America Corporation (BAC) Rating Increased to Hold at Vetr Inc

12 October 2017

If the published price targets set by Bank of America Corporation analysts have any power to influence the stock's share price, the highest price target set for BAC is $32. The Addison Capital Company holds 88,037 shares with $3.08 million value, up from 75,486 last quarter. Bank Of America now has $272.26B valuation. With short interest at 120,242,149 and short average daily volume at 66,537,020, the short-interest ratio is 2.0 and the percentage of shorted shares was 0.06% on September 29. About 37.31 million shares traded. Bank of America Corporation (NYSE:BAC) has consensus analyst target price is $27.22. It has outperformed by 41.94% the S&P500.

East Coast Asset Management Llc decreased International Business Machs (IBM) stake by 90.07% reported in 2017Q2 SEC filing. Benjamin F Edwards & Company Inc sold 15,137 shares as Bank Amer Corp (BAC)'s stock declined 6.00%. The Alethea Capital Management Llc holds 28,800 shares with $698,000 value, up from 14,500 last quarter. International Business Machs now has $137.48B valuation. The stock rose 0.36% or $0.11 reaching $30.94 per share. About 51.52 million shares traded. Entest Biomedical Inc (OTCMKTS:ENTB) has 0.00% since October 11, 2016 and is. It has outperformed by 9.53% the S&P500.

Two Sigma Securities Llc decreased Boeing Co (NYSE:BA) stake by 6,744 shares to 10,651 valued at $2.11M in 2017Q2. It also reduced C&J Energy Svcs Inc New stake by 420,276 shares and now owns 1.75 million shares. Torchmark Corp (NYSE:TMK) was reduced too. RBC Capital Markets maintained it with "Buy" rating and $42.0 target in Thursday, August 24 report. Therefore 39% are positive. Newfield Exploration Co. had 87 analyst reports since July 21, 2015 according to SRatingsIntel. Amp Capital Limited holds 0.67% of its portfolio in Bank of America Corp (NYSE:BAC) for 4.67 million shares. Jefferies maintained Apollo Global Management LLC (NYSE:APO) on Monday, September 25 with "Buy" rating. JP Morgan maintained the shares of BAC in report on Thursday, April 7 with "Overweight" rating. Bank of America Corporation now has a consensus rating of "Buy" and a consensus price target of $24.88. The rating was maintained by Oppenheimer on Tuesday, October 6 with "Outperform". The company was maintained on Tuesday, May 3 by Mizuho. Citigroup maintained the stock with "Neutral" rating in Monday, October 9 report.

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Investors sentiment increased to 1.08 in 2017 Q2.

On 5/2/2017 Bank of America Corporation announced a quarterly dividend of $0.08 1.27% with an ex dividend date of 5/31/2017 which will be payable on 6/30/2017. 86 funds opened positions while 167 raised stakes. Calamos Advisors Llc holds 3.89 million shares. Cumberland Prtnrs owns 380,075 shares for 1.3% of their portfolio. Moreover, Hmi Cap Limited Com has 16.92% invested in Apollo Global Management LLC (NYSE:APO). Jacobs Levy Equity Mgmt Incorporated reported 221,390 shares. (NASDAQ:IDXX). Cardinal Mngmt invested in 18,976 shares. Castleark Management Ltd holds 0.39% or 485,800 shares. Centre Asset Mgmt Limited Liability holds 1.84% or 284,520 shares. Guinness Asset Management, a United Kingdom-based fund reported 325,875 shares. Altavista Wealth Mngmt Inc invested in 10,199 shares. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through four business segments: 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. Thrivent Financial For Lutherans has invested 0% in Newfield Exploration Co.

This represents a $0.48 dividend on an annualized basis and a yield of 1.85%. Its up 0.25, from 0.94 in 2017Q1. It dropped, as 79 investors sold BAC shares while 543 reduced holdings. 48 funds opened positions while 139 raised stakes. UBS upgraded Bank of America Corp (NYSE:BAC) rating on Wednesday, August 26. American Century Companies Inc reported 480,978 shares. Amalgamated National Bank & Trust invested in 68,139 shares or 0.1% of the stock. Everence Capital invested in 0.21% or 19,043 shares. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Ontario - Canada-based Cibc has invested 0.25% in Bank of America Corp (NYSE:BAC). Following the completion of the sale, the director now directly owns 50,000 shares of the company's stock, valued at approximately $1,208,000. The firm earned "Hold" rating on Tuesday, September 1 by Macquarie Research. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 1.24% or 1.15M shares. 29,444 are held by Cape Cod Five Cents Bank. Canandaigua Commercial Bank Trust holds 0.5% of its portfolio in Bank of America Corp (NYSE:BAC) for 101,107 shares. Tompkins Financial Corp holds 0% in General Motors Company (NYSE:GM) or 400 shares.

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There are 1 sell rating, 8 hold ratings, 22 buy ratings, 2 strong buy ratings on the stock.

Bank of America Corporation most recently reported earnings per share (EPS) of $0.46 for the June 2017 versus $0.37 in the same quarter previous year, representing 24% growth. UBS has "Neutral" rating and $20 target. The stock of Bank of America Corp (NYSE:BAC) earned "Outperform" rating by Credit Agricole on Friday, January 29. The company had revenue of $22.80 billion during the quarter, compared to analysts' expectations of $21.84 billion. The stock of Progressive Corp (NYSE:PGR) earned "Mkt Perform" rating by FBR Capital on Wednesday, May 10.

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