Analyzing the Insider Data for Bank of America Corporation (BAC)

Analyzing the Insider Data for Bank of America Corporation (BAC)

The current P/C value outlines the company's ability to generate cash relative to its stock price rather than what it records on earnings relative to its stock price.

Provisions for credit losses rose 15 per cent from the second quarter, driven by credit cards and loan growth and analysts pressed the bank's executives about possible signs of problems with consumer credit. Proffitt & Goodson Inc sold 22,275 shares as Bank Amer Corp (BAC)'s stock declined 6.00%.

Later Friday morning, Wells Fargo is expected to report earnings before the opening bell. BMO Capital Markets maintained Bank of America Corp (NYSE:BAC) rating on Tuesday, July 18. It dropped, as 79 investors sold BAC shares while 543 reduced holdings. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has "Underperform" rating by Bank of America on Monday, October 31.

TRADEMARK VIOLATION WARNING: This story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and republished in violation of United States & worldwide copyright laws. After a recent check, it is observed that the insiders for the firm now own 0.13% shares.

The biggest institutional shareholders in Bank of America Corporation include Berkshire Hathaway Inc which owns 700 million shares in the company valued at $16.88 B million.

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Quarterly profit at the second-largest USA bank by assets rose 13% from $4.96 billion a year earlier. Bank of America Corporation's revenue for the quarter was up 2.1% compared to the same quarter past year. The firm has a 50-day moving average of $24.65 and a 200-day moving average of $23.91. UBS upgraded Bank of America Corp (NYSE:BAC) on Wednesday, August 26 to "Neutral" rating.

The bank reported a net income of $5.6 billion, a 13 percent increase year over year, or an EPS increase of $0.48 per share, a 17 percent increase year over year. The firm had revenue of $22.80 billion for the quarter, compared to analysts' expectations of $21.84 billion. Of those analysts, 9 rate stock as a Strong Buy, 8 rate it as Hold, and just no analyst rates it as a Moderate Sell. Third-quarter fixed-income revenue totaled $2.152 billion versus $2.646 billion in the year-earlier period. Guggenheim downgraded the shares of BAC in report on Tuesday, November 15 to "Neutral" rating. Its down 0.07, from 1.07 in 2017Q1. The ex-dividend date of this dividend was Wednesday, August 30th. Los Angeles Capital Management & Equity Rech reported 2.67M shares or 0.41% of all its holdings. Bank Amer Corp (Call) now has $272.52B valuation.

Bank of America Corporation declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 28th that authorizes the company to buyback $12.00 billion in outstanding shares. Bank of America had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The shares were sold at an average price of $24.16, for a total value of $2,096,194.08. Following the transaction, the director now owns 50,000 shares in the company, valued at $1,208,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAC. The original version of this news story can be accessed at https://baseballnewssource.com/markets/vetr-inc-upgrades-bank-of-america-corporation-bac-to-hold/1704584.html.

Green Valley Investors Llc increased Nike Inc (NKE) stake by 21.6% reported in 2017Q2 SEC filing. YHB Investment Advisors Inc. now owns 161,450 shares of the financial services provider's stock worth $3,917,000 after purchasing an additional 23,729 shares during the last quarter. Welch Group Ltd Llc accumulated 0.25% or 61,997 shares. Boston Partners now owns 75,404,921 shares of the financial services provider's stock worth $1,778,802,000 after acquiring an additional 368,898 shares in the last quarter. Apg Asset Mngmt Nv owns 30.05 million shares or 1.32% of their USA portfolio. Welch Group LLC now owns 10,035 shares of the financial services provider's stock worth $237,000 after buying an additional 42 shares in the last quarter.

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