News Worms
News Worms


Bank of America's third-quarter profit rises 13 percent

Bank of America's third-quarter profit rises 13 percent

The institutional investor held 12,801 shares of the public utilities company at the end of 2017Q2, valued at $552,000, up from 5,026 at the end of the previous reported quarter. The company was maintained on Friday, September 23 by Canaccord Genuity.

However the company's price to cash per share for most recent quarter stands at 43.37. About 103.61 million shares traded or 51.68% up from the average. Nike Inc (NYSE:NKE) has declined 9.24% since October 13, 2016 and is downtrending. Capital Management Corp VA increased its position in Bank of America Corporation by 0.3% in the first quarter.

The company said revenue for the quarter rose 0.9% to $21.84 billion. Bank Amer Corp Com now has $271.94B valuation. The stock increased 1.55% or $0.4 during the last trading session, reaching $25.83. About 41,625 shares traded. The shares were sold at an average price of $24.16, for a total transaction of $2,096,194.08. Therefore 50% are positive. Finally, Royal Bank Of Canada reiterated a "buy" rating and set a $26.00 price target on shares of Bank of America Corporation in a report on Thursday, July 20th. Bank of America Corporation presently has a consensus rating of "Buy" and a consensus price target of $24.88. Guggenheim downgraded the shares of BAC in report on Tuesday, November 15 to "Neutral" rating. RBC Capital Markets maintained it with "Outperform" rating and $198 target in Thursday, October 29 report. BidaskClub upgraded Bank of America Corporation from a "hold" rating to a "buy" rating in a report on Friday, July 7th. The firm earned "Buy" rating on Tuesday, October 3 by Keefe Bruyette & Woods. Deutsche Bank maintained the shares of BAC in report on Tuesday, August 25 with "Buy" rating. The stock of Bank of America Corp (NYSE:BAC) earned "Market Perform" rating by Wood on Monday, May 16. The rating was maintained by Jefferies with "Hold" on Friday, August 18.

Investors sentiment decreased to 1.12 in Q2 2017. Stockholders of record on Friday, September 1st were given a dividend of $0.12 per share. Warman D Scott N had sold 1,000 shares worth $161,198. 120 funds opened positions while 577 raised stakes. 531,976 were reported by Regentatlantic Ltd Liability Corporation. Burney holds 1,701 shares or 0.02% of its portfolio. Axa holds 0.35% or 3.17M shares in its portfolio. The company holds 10.38 billion outstanding shares and 10.38 billion shares are floating in market. Investec Asset Mgmt North America invested in 528,653 shares. 720,000 were accumulated by Gabelli Funds Ltd Llc. Arbor Investment Advisors LLC now owns 14,328 shares of the financial services provider's stock worth $348,000 after purchasing an additional 46 shares during the period. Arrowgrass Ptnrs (Us) Limited Partnership accumulated 957,929 shares. Ronna Sue Cohen reported 39,864 shares or 0.72% of all its holdings. The Texas-based Ray Gerald L & Associates has invested 1.44% in Bank of America Corp (NYSE:BAC). Advisors Asset Inc holds 56,631 shares.

Bank of America is reporting a 13 percent jump in quarterly profits, helped by higher interest rates and an increase in lending. Its third-quarter earnings performance beat rivals JPMorgan Chase & Co and Citigroup, which reported gains of 7.1 per cent and 7.6 per cent, respectively on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Therefore 13% are positive. M&T Bank had 66 analyst reports since August 6, 2015 according to SRatingsIntel. BMO Capital Markets has "Hold" rating and $27.0 target. Nomura maintained it with "Buy" rating and $2700 target in Tuesday, July 18 report. Guggenheim initiated NetGear, Inc. The company was upgraded on Wednesday, December 21 by Atlantic Securities. The stock of NetGear, Inc. The stock has "Neutral" rating by Goldman Sachs on Monday, January 11. The company was maintained on Friday, June 30 by FBR Capital. This represents a $0.48 dividend on an annualized basis and a yield of 1.89%. $32,763 worth of NetGear, Inc. $3.66 million worth of Nike Inc (NYSE:NKE) was sold by PARKER MARK G. WAECHTER THOMAS H also sold $86,500 worth of NetGear, Inc.

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