Bank of America takes tax hit, vows longer-term boost

A woman shouts during a rally against racism in opposition to President Donald Trump’s recent disparaging comments about Haiti and African nations in Times Square in New York on Monday Jan. 15 2018

Several other analysts also recently weighed in on the stock. The firm has "Buy" rating by Jefferies given on Monday, October 10. The stock has "Buy" rating by Cantor Fitzgerald on Tuesday, November 10.

Like many banks this quarter, Bank of America had to write down the value of deferred tax assets on its balance sheet. The firm has "Buy" rating given on Tuesday, August 25 by Deutsche Bank. The rating was upgraded by Nomura on Tuesday, September 8 to "Buy".

Bank of America Corp (NYSE:BAC) released its latest earnings report before opening bell this morning. About 124.38 million shares traded or 80.47% up from the average. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.90 and a current ratio of 0.91.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 17th. The company reported the earnings of $0.48/Share in the last quarter where the estimated EPS by analysts was $0.45/share.

Turkey's Erdogan tells North Atlantic Treaty Organisation will take all precautions for national security
The BSF will be largely made up of SDF veterans, most of whom are Kurdish YPG fresh off their fight against ISIS. The Turkish president, Tayyip Erdogan, pledged to crush the new force before it came into existence.

Bank of America reported better-than-expected adjusted fourth quarter earnings Wednesday before the opening bell. Bank of America had a net margin of 20.66% and a return on equity of 8.33%. The company has market cap of $3.18 billion. During the same quarter past year, the company earned $0.41 EPS. The institutional investor held 21,277 shares of the technology company at the end of 2017Q3, valued at $2.18M, up from 16,862 at the end of the previous reported quarter. Verus Financial Prns Inc has 0.11% invested in Bank of America Corporation (NYSE:BAC) for 11,484 shares. Insight Capital Research & Management Inc bought 4,415 shares as the company's stock rose 13.22% with the market. Channing Capital Management LLC acquired a new position in Bank of America in the 3rd quarter valued at approximately $5,027,000. The stock decreased 1.03% or $0.321 during the last trading session, reaching $30.919. Inc. now owns 18,303 shares of the financial services provider's stock worth $432,000 after buying an additional 4,603 shares during the period. Bank of America has a 52 week low of $22.01 and a 52 week high of $31.79. McQueen Ball & Associates Inc. now owns 29,131 shares of the financial services provider's stock worth $707,000 after buying an additional 750 shares during the period.

As cryptocurrency markets around the world get smoked in what's been called a "bloodbath", Bank of America CEO Brian Moynihan took the time to warn customers about investing in highly volatile bitcoin. It also increased its holding in C&J Energy Svcs Inc New by 325,073 shares in the quarter, for a total of 425,073 shares, and has risen its stake in Bunge Limited (NYSE:BG). It dropped, as 68 investors sold BAC shares while 569 reduced holdings.

Bank of America Corp has announced a profit of $2.4bn, or $0.20 per diluted share, in its quarter four results. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued. Stockholders of record on Friday, December 1st were issued a dividend of $0.12 per share.

On 7/28/2017 announced a quarterly dividend of $0.12 1.99% with an ex dividend date of 8/30/2017 which will be payable on 9/1/2017. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. Sirios Capital Mgmt LP stated it has 3.35% of its portfolio in Bank of America Corporation (NYSE:BAC). If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright and trademark laws. Non-interest income fell 7% to $9 billion due to impacts from the tax reform bill and lower mortgage banking income, although asset management fees, investment banking revenues and card income grew, partially offsetting those impacts. First Pacific Advisors Llc who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $318.03 billion market cap company. Copeland Capital Management Llc who had been investing in Msci Inc for a number of months, seems to be bullish on the $12.28 billion market cap company. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.

Related News:

  • Google App Finds Your Fine Art Lookalike

    Google App Finds Your Fine Art Lookalike

    The Google Arts & Culture app works on a wide variety of iPhone and Android phone, as well as other iOS and Android devices. The company said it won't use data from photos for any other goal but to match it with images in its catalog.
    Qatari fighter jets intercept UAE commercial plane

    Qatari fighter jets intercept UAE commercial plane

    The second incident, related to an Etihad plane flying from Abu Dhabi to Bahrain (EY23b) is being investigated, the CAA said. Qatar has denied the charges and accused the four countries of trying to make it conform to their foreign policy positions.
    Bitcoin and all other cryptos plunge as regulation looms

    Bitcoin and all other cryptos plunge as regulation looms

    South Korea has announced curbs on cryptocurrency speculation contributing to a massive slide in value of all major coins. China plans to ban cryptocurrency trading in domestic markets along with blocking trader's access to offshore platforms.
  • India record 100-run win over Australia in U19 WC opener

    India record 100-run win over Australia in U19 WC opener

    Australia , on the other hand, now have to resurrect themselves and win the remaining two games to qualify for the next round. Jack Edwards and Will Sutherland put up a decent shift on the field though nearly all bowlers were expensive.
    Little Moshe arrives in Mumbai, says he's very happy

    Little Moshe arrives in Mumbai, says he's very happy

    The memorial will include the Holtzberg's apartment along with the floor where the terror attack occurred. This is Moshe Holtzberg's second visit to Mumbai after he had lost his parents in the attack.
    Jane Fonda Reveals She Had Cancerous Growth Removed, But She's Still Smiling

    Jane Fonda Reveals She Had Cancerous Growth Removed, But She's Still Smiling

    On the show, she revealed: "I just want to explain the bandage". "Well, the world is falling apart, what's a lip?" she said. "What's a lip, right?" Fonda, 80, made light of the cancer removal on Monday with an Instagram photo of her and Tomlin.
  • Google unveils $30bn infrastructure investment plans

    Google unveils $30bn infrastructure investment plans

    The HK-G, an acronym for Hong Kong-Guam, is another consortium cable interconnecting major subsea communication hubs in Asia. As explained on the Keyword, those will be followed by new openings in Los Angeles, Finland, and Hong Kong .

    Calls for overhaul of public procurement system after Carillion's collapse

    The Government has also told former Carillion workers already receiving their pensions that they will continue to receive payments.
    Four officers shot in SC

    Four officers shot in SC

    All four officers and McCall were transported to Carolinas Medical Center in Charlotte, North Carolina . Doty, who has been with YCSO for 12 years, was reportedly in critical condition Tuesday afternoon.
  • Parents Accused of Shackling, Torturing Their 13 Children

    Parents Accused of Shackling, Torturing Their 13 Children

    The girl, who officers had initially thought was about 10 years old, contacted police on Sunday after escaping. The couple had about $240,000 in debt, which was mostly from credit cards, the bankruptcy documents state.
    DHS secretary: Trump used 'tough' language on immigration

    DHS secretary: Trump used 'tough' language on immigration

    Booker reminded Nielsen that she was under oath when she repeatedly said she did not recall the " shithole " comment. So, it shouldn't matter where you come, it should matter what you can contribute to the United States.
    Danish police charge more than 1000 in Facebook revenge porn case

    Danish police charge more than 1000 in Facebook revenge porn case

    So far 1 004 people across Denmark face preliminary charges - a step short of formal charges. As a result, a total of 1,004 young people have been charged, 800 of whom are male.


Most liked

Russian Federation will work to preserve Iran nuclear deal, FM Lavrov says
We do not ‘tit-for-tat.' But we can not tolerate all these absolutely illegal actions, ' the Minister noted. He said that Germany would analyze the situation with its European partners.

Trump Hotel Hit With Graffiti Again
Trump on Friday tweeted a convoluted denial about the comments, which were reported by The Washington Post and The New York Times. Democrats and some Republican lawmakers criticized the president's choice of words and called for him to apologize .

Amazon's Echo Spot is coming to the United Kingdom later this month
The Echo Spot can be thought of as an Echo Dot (the scaled down version of the original Echo) but with a camera and screen. If you have decided this Skill doesn't do quite what you were hoping, you can also use this same page to remove a Skill.

Burning oil tanker in East China Sea sinks
The Japanese Coast Guard said on Friday it was about 290km off the island's coast and was drifting at about 2.2km/h. The four-member salvage team wore respirators as they boarded the Sanchi , China's Xinhua state news agency said.

Macron gets tough on migrants, vowing 'no more Jungles'
The number of asylum seekers receiving final approval to stay in France was down slightly, to 35.8 percent. Macron talked briefly Tuesday with Sudanese migrants at the center in Croisilles, home to 63 people.

Venezuela coup 'action hero' Oscar Pérez is captured by Maduro forces
In all, 125 people were killed between April and July as authorities used force to put down protests to unseat Maduro. The cell had planned to set off a auto bomb outside the embassy of "a beloved and prestigious country", Maduro said.

Bringing Skeksi Back: New 'rainbow' dinosaur resembles creatures from 'The Dark Crystal'
The team saw microscopic structures in the exquisitely preserved fossil that indicated the presence of the bright plumage. The scientists used powerful microscopes to identify remnants of organelles called melanosomes in the feathers.

Bad WiFi? These Google products could be 'shutting down' your home internet
Although Google is working on a fix, which is likely to arrive as an update, there is no specific time frame mentioned for it. If you're suffering from the issue, TP-Link recommends disabling the Cast feature on your Android phone and/or tablet for now.

Kosovo Serb leader shot dead in 'act of terrorism'
He added that 'whoever is behind this attack. whether they are Serb, Albanian or any other criminals, they must be punished'. He was taken to a hospital but doctors were unable to save him.

Steve Bannon expected to meet with House Intel Committee
The move marked the first time Mueller is known to have used a grand jury subpoena to seek information from a member of Trump's inner circle.

Here are school closings in Columbus area
At 12:45 p.m., the Harris County School District announced it will be closed Wednesday, but no word about after-school activities. Lusher Charter School Freret Campus will dismiss at 2 p.m. and Lusher Charter School Willow Campus will dismiss at 2:30 p.m.

India stare at second defeat
Kohli and Ashwin (38) put on 71 for the seventh wicket before the second new ball hastened the end of the innings. The opening batsman brought his 9th Test fifty in style with an elegant cover drive for a four off Ishant Sharma.

Scribblenauts Showdown Announced For Release This March
Paper beats rock, and flamethrower beats paper in Scribblenauts Showdown's first trailer, revealed on Nintendo's Youtube channel . Scribblenauts Showdown will allow up to four players to compete in over 25 minigames to determine who is the best scribbler.

National Basketball Association on MLK Day: Warriors too good for LeBron James, Cavaliers
The Cavs acquired Brooklyn's unprotected first-round pick in this offseason trade that sent Kyrie Irving to the Boston Celtics . It was a one-two punch that slayed the notorious 73-9 team in the finals and gave Cleveland their first title ever.

Aziz Ansari accused of sexual misconduct
He "instructed her to turn around... sat back and pointed to his penis and motioned for me to go down on him. Ansari created and stars in Netflix's 'Master of None , ' in which he plays New York City actor Dev.