Citigroup Inc. (C) Stock Rating Reaffirmed by Bank of America Corporation

Andrew Cummings
October 13, 2017

The stock decreased 1.47% or $0.38 during the last trading session, reaching $25.45.

The higher results came as Bank of America grew overall revenue 1 percent to $21.8 billion while continuing to slash expenses. Gateway Advisory LLC now owns 10,053 shares of the financial services provider's stock valued at $244,000 after buying an additional 45 shares during the last quarter. On Friday, August 18 the stock rating was maintained by Jefferies with "Hold".

BAC has been the topic of a number of other reports.

Investec Asset Management North America Inc decreased Danaher Corp (NYSE:DHR) stake by 9,480 shares to 132,264 valued at $11.16 million in 2017Q2. Canandaigua State Bank & Tru accumulated 101,107 shares.


As of now, Bank of America Corporation has a P/S value of 5.03, measuring P/B at 1.05. Barometer Cap Mgmt Inc invested in 867,520 shares. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by Sandler O'Neill on Wednesday, January 20. (NYSE:PEP) news were published by: Seekingalpha.com which released: "PepsiCo: A Better Dividend Stock" on October 09, 2017, also Seekingalpha.com with their article: "PepsiCo: Slower Growth, Still Outperforming" published on October 05, 2017, Seekingalpha.com published: "PepsiCo: Q3 In Line With Expectations" on October 05, 2017. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of worldwide trademark & copyright laws.

At the moment 31 analysts are watching Bank of America Corporation (NASDAQ:BAC), 8 rate it "Buy", 15 "Outperform", 7 "Underperform", 0 "Sell", while 1 "Hold". The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The stock rose 0.20% or $0.05 reaching $25.5 per share. Bank of America Corp (NYSE:BAC) has risen 58.64% since October 13, 2016 and is uptrending. Hence, the existing market cap indicates a preferable measure in comprehending the size of the company rather than its worth. Deutsche Bank maintained Bank of America Corp (NYSE:BAC) on Wednesday, August 12 with "Buy" rating. The stock's 50 day moving average is $24.65 and its 200 day moving average is $23.91.

Bank of America Corporation (BAC) reported a profit for its third quarter that climbed compared to the same period past year. The financial services provider reported $0.46 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.03.

Analysts expect Public Storage (NYSE:PSA) to report $2.61 EPS on October, 25.They anticipate $0.10 EPS change or 3.98% from last quarter's $2.51 EPS. After having $0.02 EPS previously, Telefonaktiebolaget LM Ericsson's analysts see 50.00% EPS growth.


The bank has spent the past few years cutting costs and reorienting its business to focus on lower-risk operations, like lending to customers with pristine credit scores. On average, equities research analysts predict that Bank of America Corporation will post $1.79 EPS for the current year.

Total shares held by institutions as of the most recent company filings are 7,259,672,134 with a reported 288,341,060 bought and 396,286,754 sold. The authority will not be liable for anyone who makes stock portfolio or financial decisions as per the editorial, which is based only on limited and open source information. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. The firm has "Neutral" rating given on Wednesday, August 26 by UBS. Bank of America Corporation's dividend payout ratio (DPR) is presently 28.57%. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%.


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