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

March 14, 2018 - By Peter Erickson

 Analysts See $0.59 EPS for Bank of America Corporation (BAC)
Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It dived, as 68 investors sold Bank of America Corporation shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported.
Sage Fincl Group reported 1,023 shares. Clear Harbor Asset Mgmt Limited Liability has 0.06% invested in Bank of America Corporation (NYSE:BAC) for 12,229 shares. Los Angeles Mgmt & Equity holds 2.94 million shares or 0.43% of its portfolio. Camarda Fincl Advsrs Ltd Liability Co has invested 0.06% in Bank of America Corporation (NYSE:BAC). Moreover, Bkd Wealth Ltd has 0.14% invested in Bank of America Corporation (NYSE:BAC) for 49,476 shares. Gateway Inv Advisers Llc owns 1.29% invested in Bank of America Corporation (NYSE:BAC) for 5.89 million shares. Wade G W holds 66,111 shares. Tortoise Management Limited holds 0.04% or 4,700 shares. Glenview National Bank & Trust Dept owns 0.34% invested in Bank of America Corporation (NYSE:BAC) for 27,550 shares. Telemus Cap Ltd Liability Co has 0.26% invested in Bank of America Corporation (NYSE:BAC) for 65,203 shares. State Street Corporation owns 434.19M shares or 0.95% of their US portfolio. Seabridge Invest Advisors Limited Company has invested 1.27% of its portfolio in Bank of America Corporation (NYSE:BAC). Diversified Investment Strategies Ltd Llc holds 0.36% or 14,828 shares. 187,082 are held by Bradley Foster Sargent Ct. California-based Old West Ltd Company has invested 0.96% in Bank of America Corporation (NYSE:BAC).

Analysts expect Bank of America Corporation (NYSE:BAC) to report $0.59 EPS on April, 17.They anticipate $0.18 EPS change or 43.90 % from last quarter’s $0.41 EPS. BAC’s profit would be $6.04B giving it 13.71 P/E if the $0.59 EPS is correct. After having $0.47 EPS previously, Bank of America Corporation’s analysts see 25.53 % EPS growth. The stock decreased 1.46% or $0.48 during the last trading session, reaching $32.36. About 63.35 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since March 14, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Robert W. Baird on Tuesday, September 1. The company was downgraded on Monday, May 16 by Keefe Bruyette & Woods. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Berenberg on Wednesday, July 13. The firm has “Hold” rating given on Friday, September 29 by Robert W. Baird. The company was maintained on Tuesday, January 3 by Barclays Capital. The rating was maintained by BMO Capital Markets on Wednesday, April 12 with “Hold”. The stock of Bank of America Corporation (NYSE:BAC) has “Neutral” rating given on Monday, October 16 by UBS. Citigroup maintained Bank of America Corporation (NYSE:BAC) on Tuesday, July 19 with “Buy” rating. Jefferies maintained the shares of BAC in report on Friday, August 11 with “Buy” rating. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Oppenheimer on Tuesday, October 6.

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 $331.49 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It has a 20.76 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: which released: “Bank of America Corp Out of the Frying Pan, Into the Fire” on March 12, 2018, also with their article: “Falling Behind in Fintech Will Hurt Bank of America Corp Stock” published on March 06, 2018, published: “3 Reasons Bank of America Corp Stock Has More Upside” on February 20, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: and their article: “Bank of America Proxy Shows CEO Made 250 Times More Than Median Employee” published on March 12, 2018 as well as‘s news article titled: “Despite Failing to Break Out, Bank of America Corp Stock Remains a Screaming Buy” with publication date: March 02, 2018.

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