$0.63 EPS Expected for Bank of America Corporation (BAC)

September 16, 2018 - By Elizabeth Bryant

Bank of America Corporation (NYSE:BAC) LogoInvestors sentiment increased to 1.01 in Q2 2018. Its up 0.06, from 0.95 in 2018Q1. It increased, as 69 investors sold Bank of America Corporation shares while 595 reduced holdings. 112 funds opened positions while 557 raised stakes. 6.48 billion shares or 2.75% less from 6.66 billion shares in 2018Q1 were reported.
Glacier Peak Cap Ltd accumulated 148,500 shares. North Star Invest Corp reported 120,863 shares. Massachusetts Financial Services Ma owns 26.62 million shares. Bouchey Fin Gru Limited reported 0.36% in Bank of America Corporation (NYSE:BAC). Moreover, Ci Investments has 0.48% invested in Bank of America Corporation (NYSE:BAC) for 2.18 million shares. Argent Company reported 0.75% in Bank of America Corporation (NYSE:BAC). The New York-based Kahn Brothers Group De has invested 0% in Bank of America Corporation (NYSE:BAC). 3.20 million were accumulated by Pinebridge Invests Limited Partnership. 81,151 were accumulated by Whittier Communications Of Nevada Incorporated. Pennsylvania stated it has 0.28% of its portfolio in Bank of America Corporation (NYSE:BAC). Boothbay Fund Mgmt Limited Liability Com holds 31,797 shares or 0.08% of its portfolio. Gulf Interest Bank (Uk) invested 1.11% in Bank of America Corporation (NYSE:BAC). Wealthtrust Axiom Ltd owns 0.22% invested in Bank of America Corporation (NYSE:BAC) for 22,040 shares. Proffitt And Goodson holds 0.47% or 39,109 shares in its portfolio. 1.73M were reported by South Texas Money Mgmt.

Analysts expect Bank of America Corporation (NYSE:BAC) to report $0.63 EPS on October, 12.They anticipate $0.15 EPS change or 31.25 % from last quarter’s $0.48 EPS. BAC’s profit would be $6.29B giving it 12.05 P/E if the $0.63 EPS is correct. After having $0.63 EPS previously, Bank of America Corporation’s analysts see 0.00 % EPS growth. The stock increased 0.76% or $0.23 during the last trading session, reaching $30.37. About 33.74 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 27.06% since September 16, 2017 and is uptrending. It has outperformed by 11.44% the S&P500.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

Among 7 analysts covering Bank of America (NYSE:BAC), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Bank of America had 7 analyst reports since March 26, 2018 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, April 17 report. The company was maintained on Monday, April 16 by Jefferies. Oppenheimer maintained Bank of America Corporation (NYSE:BAC) on Monday, March 26 with “Buy” rating. On Tuesday, April 24 the stock rating was maintained by Citigroup with “Neutral”. The firm earned “Buy” rating on Monday, April 16 by Vining Sparks. On Wednesday, April 4 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Nomura maintained the stock with “Buy” rating in Monday, April 16 report.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide. The company has market cap of $303.34 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It has a 15.95 P/E ratio. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank Of America: Playing Defense” on August 30, 2018, also Bizjournals.com with their article: “The FDIC rankings are out. See which Greater Washington banks rose and fell.” published on September 14, 2018, Nasdaq.com published: “Bank of America Stock Is in Trouble Under Trump” on August 29, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Interest Rates Are Going Up, But You Shouldn’t Panic” published on September 14, 2018 as well as Finance.Yahoo.com‘s news article titled: “Why $32 Looks So Great for BAC Stock” with publication date: September 11, 2018.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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