How Analysts Feel About Bank of America Corporation (NYSE:BAC)?

July 27, 2018 - By Jack Shaw

Bank of America Corporation (NYSE:BAC) LogoInvestors sentiment decreased to 0.95 in 2018 Q1. Its down 0.24, from 1.19 in 2017Q4. It is negative, as 73 investors sold Bank of America Corporation shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported.
Da Davidson & stated it has 221,251 shares. Moreover, South State Corp has 1.33% invested in Bank of America Corporation (NYSE:BAC) for 385,256 shares. Gamble Jones Counsel has invested 0.08% in Bank of America Corporation (NYSE:BAC). Sg Americas Limited Liability holds 3.93M shares or 0.94% of its portfolio. Mark Asset Mngmt Corp accumulated 208,468 shares. Lathrop Investment Mngmt holds 23,975 shares. Wealthfront owns 0.16% invested in Bank of America Corporation (NYSE:BAC) for 503,392 shares. Vanguard Gru has 0.88% invested in Bank of America Corporation (NYSE:BAC). Martin And Co Incorporated Tn has 0.55% invested in Bank of America Corporation (NYSE:BAC) for 55,221 shares. Quantbot Techs Limited Partnership invested in 0.25% or 96,367 shares. Moreover, Primecap Mgmt Ca has 0.3% invested in Bank of America Corporation (NYSE:BAC). Aimz Investment Advisors has 24,833 shares. Stonebridge Advsrs Limited Liability Corp reported 0.41% stake. Stieven Capital Advsr L P, Missouri-based fund reported 379,200 shares. Badgley Phelps And Bell holds 0.89% or 446,414 shares.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

Among 9 analysts covering Bank of America (NYSE:BAC), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Bank of America had 9 analyst reports since February 2, 2018 according to SRatingsIntel. Oppenheimer maintained Bank of America Corporation (NYSE:BAC) on Monday, March 26 with “Buy” rating. The firm has “Neutral” rating by Citigroup given on Tuesday, April 24. The stock has “Buy” rating by Vining Sparks on Monday, April 16. The firm has “Outperform” rating by Credit Suisse given on Friday, March 16. The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 4 with “Buy”. Morgan Stanley maintained the stock with “Overweight” rating in Friday, February 2 report. The firm has “Buy” rating given on Monday, April 16 by Jefferies. As per Tuesday, April 17, the company rating was maintained by Barclays Capital. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Monday, April 16 by Nomura. Below is a list of Bank of America Corporation (NYSE:BAC) latest ratings and price target changes.

24/04/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $32 New Target: $34 Maintain
17/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $35 New Target: $37 Maintain
16/04/2018 Broker: Jefferies Rating: Buy New Target: $34.0000 Maintain
16/04/2018 Broker: Vining Sparks Rating: Buy New Target: $35.0000 Initiate
16/04/2018 Broker: Nomura Rating: Buy New Target: $37.0000 Maintain
04/04/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $35.0000 Maintain
26/03/2018 Broker: Oppenheimer Rating: Buy New Target: $35.0000 Maintain
16/03/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $35 New Target: $36 Maintain
02/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $35 New Target: $37 Maintain

The stock decreased 0.42% or $0.13 during the last trading session, reaching $30.94. About 46.22 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since July 27, 2017 and is uptrending. It has outperformed by 17.15% the S&P500.

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 $309.79 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It has a 17.95 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: Shareholder Cash Rewards” on July 19, 2018, also Seekingalpha.com with their article: “Bank of America to redeem certain outstanding depositary shares” published on July 26, 2018, Seekingalpha.com published: “Bank Of America: Nothing Lasts For Ever” on July 19, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank of America Corporation (BAC) CEO Brian Moynihan on Q2 2018 Results – Earnings Call Transcript” published on July 16, 2018 as well as Seekingalpha.com‘s news article titled: “Bank Of America Is Banking On A Strong Economy” with publication date: July 26, 2018.

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

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