Bank of America (NYSE:BAC) Receiving Somewhat Positive Press Coverage, Report Finds

Bank Of America

Bank of America (NYSE:BAC) Receiving Somewhat Positive Press Coverage, Report Finds

It has underperformed by 51.98% the S&P500. The legal version of this story can be viewed at

Stillwater Investment Management Llc increased Bank Of America Corp (BAC) stake by 52% reported in 2017Q4 SEC filing. Finally, Bristlecone Advisors LLC purchased a new stake in Bank of America during the third quarter worth $128,000.

BAC stock opened at $29.80 on Monday. The hedge fund run by Matthew Tewksbury held 13,838 shares of the consumer non-durables company at the end of 2017Q4, valued at $2.09 million, down from 31,926 at the end of the previous reported quarter. Bank Amer Corp now has $304.68 billion valuation. The stock decreased 2.77% or $0.85 during the last trading session, reaching $29.8. About 99.25 million shares traded or 29.22% up from the average. It has outperformed by 16.63% the S&P500.

TCL Multimedia Technology Holdings Limited, an investment holding company, makes, distributes, and sells colour television sets in the PeopleÂ's Republic of China, Europe, North America, and internationally. Armstrong Henry H Associates Inc who had been investing in Microsoft for a number of months, seems to be less bullish one the $716.70 billion market cap company. The firm offers 3D and LED TVs, ice screens, and accessories; and DVD players, dockings, and sound bars. (NYSE:THO). Oklahoma-based Prescott Group Incorporated Capital Management Limited Liability has invested 0.99% in Thor Industries, Inc. The bank's equities and asset management divisions were behind a three per cent increase in non-interest income to $11.5bn. Vanguard Total International S (VXUS) was raised too. Therefore 77% are positive.

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Like other large banks, Bank of America enjoyed a lift from higher interest rates, which enables financial institutions to score increased profits from the margin between its deposits and loans. Barclays raised their price objective on Bank of America from $28.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, January 2nd. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Tuesday, June 6 report. The company was downgraded on Tuesday, January 9 by Societe Generale. Raymond James maintained the stock with "Buy" rating in Tuesday, December 5 report. The firm has "Hold" rating by Robert W. Baird given on Friday, August 25. Old Second State Bank Of Aurora reported 1.13% of its portfolio in Bank of America Corporation (NYSE:BAC). (NASDAQ:NFLX) earned "Sell" rating by Wedbush on Wednesday, August 9. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) on Tuesday, October 3 with "Buy" rating. Moreover, Mendon Capital Advisors has 1.27% invested in Bank of America Corporation (NYSE:BAC). Js Capital Management Llc bought 50,000 shares as the company's stock declined 1.20% with the market.

Investors sentiment increased to 1.31 in Q4 2017. This represents a $0.48 annualized dividend and a dividend yield of 1.61%. 66 investors sold all, 561 reduced holdings as BAC ratio improved. Earnest Partners Ltd Liability Co reported 238,673 shares stake. Pitcairn Co reported 0.39% of its portfolio in Bank of America Corporation (NYSE:BAC). Iberiabank Corporation invested in 0.28% or 59,957 shares. Terril Brothers Inc sold 205,975 shares as Bank Amer Corp (BAC)'s stock declined 1.20%. Ativo Capital Management Ltd Liability, a Illinois-based fund reported 11,314 shares. Regal Investment Advisors Ltd holds 60,824 shares or 0.4% of its portfolio. Beaumont Fincl Ptnrs Limited Liability Company invested in 0.02% or 6,874 shares. Barrow Hanley Mewhinney & Strauss Lc accumulated 1.97% or 15.41 million shares. Microsoft Corporation had 170 analyst reports since July 22, 2015 according to SRatingsIntel. Spc Inc holds 0.1% or 14,388 shares in its portfolio.

Shares of Bank of America rose 0.8 percent to $30.03 in pre-market trading. Kempner Cap Mngmt holds 321,897 shares.

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