Analysts See $0.59 EPS for Bank of America Corporation (BAC)

Andrew Cummings
April 16, 2018

About 158 shares traded.

Investors sentiment increased to 1.19 in 2017 Q4. That's change of 0.15, from 2017Q3's 1.04. Pettyjohn Wood White invested in 126,201 shares. Amer Century Inc invested in 0.71% or 24.30M shares.

Cubist Systematic Strategies Lc holds 0.11% or 71,416 shs. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Thor Industries, Inc. Ls Invest Advsrs Ltd Liability holds 1.44% or 838,034 shares. Ballentine Ptnrs Llc reported 0.17% stake. The Manufacturers Life Insurance Company lifted its holdings in shares of Bank of America by 27.8% during the second quarter. 886,928 are held by Thrivent Financial For Lutherans. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.93.


Matthew Tewksbury decreased its stake in Thor Inds Inc (THO) by 56.66% based on its latest 2017Q4 regulatory filing with the SEC.

Bank of America's earnings rose in the first-quarter, and the company said it plans to open 500 new branches as it issued upbeat financial results that topped Wall Street forecasts and continued strong results by most major USA banks. First-quarter results also compare to the consensus estimates for EPS of $0.59 on revenue of $23.06 billion. BAC's profit will be $6.03B for 12.63 P/E if the $0.59 EPS becomes a reality.

Bank of America Corp. It's up 1.55, from 1.25 in 2017Q3. It increased, as 66 investors sold BAC shares while 561 reduced holdings. 585 increased holdings while 162 funds bought holdings. Pinnacle Advisory Group Incorporated accumulated 36,795 shares. Moreover, Amica Mutual Ins Communication has 0.91% invested in Bank of America Corporation (NYSE:BAC) for 312,335 shares. Iberiabank Corporation invested in 0.28% or 59,957 shares. The Texas-based Covenant Multifamily Offices Lc has invested 0.01% in Bank of America Corporation (NYSE:BAC). Whittier Tru Com holds 0.15% or 145,378 shares. Victory Capital Management Inc. now owns 1,401,094 shares of the financial services provider's stock worth $35,504,000 after buying an additional 601,675 shares in the last quarter. Kistler reported 14,906 shares. Central Financial Bank Commerce reported 159,510 shs or 1.14% of all its holdings. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) rating on Thursday, December 21. Kames Cap Public Limited Liability Co holds 2.18 million shares. Rwc Asset Llp reported 662,740 shares. Asset One Limited holds 1.05% of its capital in Bank of America Corporation (NYSE:BAC) for 16.07 million shs.


Among 13 analysts covering Bank of America (NYSE:BAC), 10 have Buy rating, 0 Sell and 3 Hold. ValuEngine lowered Bank of America from a "buy" rating to a "hold" rating in a research note on Tuesday, January 16th. Therefore 73% are positive.

A customer uses a Bank of America ATM near the company's headquarters in Charlotte, N.C., Tuesday, July 7, 2015. On Tuesday, December 5 the firm has "Buy" rating given by Raymond James. Morgan Stanley maintained it with "Overweight" rating and $37 target in Friday, February 2 report. CLSA maintained the stock with "Outperform" rating in Friday, September 23 report. Finally, Vining Sparks restated a "buy" rating and issued a $34.00 target price on shares of Bank of America in a research report on Wednesday, January 17th. The firm has "Buy" rating by Societe Generale given on Wednesday, January 11.

Blueprint Medicines Corporation (NASDAQ: BPMC) was down, falling around 12 percent to $87.17 after the company disclosed proof-of-concept data from the ongoing Phase 1 ARROW clinical trial of BLU-667 in patients with RET-altered solid tumors. The firm has "Hold" rating by BMO Capital Markets given on Tuesday, July 18.


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