Published: Mon, April 16, 2018
Money | By Armando Alvarado

Bank Amer Corp (BAC) Stake Has Boosted by Bluefin Trading Llc

Bank Amer Corp (BAC) Stake Has Boosted by Bluefin Trading Llc

Captrust Financial Advsrs holds 342,890 shares or 0.61% of its portfolio. Institutional investors and hedge funds own 69.84% of the company's stock. Sold All: 2 Reduced: 3 Increased: 8 New Position: 6. In the quarter, the bank paid $1.48 billion in income taxes, compared with $1.98 billion in the year-ago quarter. Regional Health Properties shares rose 0.56 percent to $0.36 in the after-hours trading session. About 99.25 million shares traded or 29.22% up from the average. Credit Suisse Group boosted their price objective on Bank of America from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Friday, March 16th. The stock of Bank of America Corporation (NYSE:BAC) earned "Neutral" rating by UBS on Monday, October 16. The positive are 77%. Bank of America had 17 analyst reports since October 31, 2017 according to SRatingsIntel. The stock has "Hold" rating by Robert W. Baird on Tuesday, January 2. BMO Capital Markets maintained it with "Hold" rating and $21 target in Wednesday, April 12 report. As per Tuesday, December 12, the company rating was maintained by Keefe Bruyette & Woods. Macquarie Research upgraded the shares of BAC in report on Thursday, February 16 to "Outperform" rating. The rating was maintained by Jefferies on Tuesday, July 21 with "Buy".

Big Money Sentiment increased to 1.19 in 2017 Q4. Japan's Nikkei 225 Index rose by 0.3%, while Hong Kong's Hang Seng Index tumbled by 1.6%. The ratio is positive due to Bank of America Corporation positioning: 66 sold and 561 reduced. 134 funds opened positions while 676 raised stakes. Stellar Cap Management Limited Liability Corporation stated it has 221,166 shares.

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Average business loan balances increased 5% to $864 billion, while overall average deposit balances increased 3% to $1.3 trillion, a new record driven by consumer banking.

BAC has been the topic of a number of analyst reports. 56,756 were reported by Green Square Limited Liability.

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Diversified Com accumulated 13,798 shares or 0.02% of the stock. On Wednesday, November 1 JP Morgan maintained Bank of America Corporation (NYSE:BAC) rating. Moreover, Biondo Investment Advisors Ltd Llc has 0.06% invested in Bank of America Corporation (NYSE:BAC) for 7,550 shares.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Sii Invs Inc Wi holds 27,498 shares or 0.08% of its portfolio. Banque Pictet & Cie holds 0.53% or 892,240 shares. California-based One Capital Mgmt Limited Liability Company has invested 0.71% in Bank of America Corporation (NYSE:BAC).

Jonathan Soros increased its stake in Bank Amer Corp (BAC) by 6.92% based on its latest 2017Q4 regulatory filing with the SEC. About 19.71 million shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 108.73% since April 15, 2017 and is uptrending. It has underperformed by 11.55% the S&P500. Truepoint Inc holds 0.04% of its portfolio in Netflix, Inc.

Bank of America shares, up around 1% in 2018, were roughly flat in morning trading. Thompson Davis & Co sold 20,260 shares as the company's stock declined 1.20% with the market. Caprock Grp Inc Inc, Idaho-based fund reported 47,228 shares. The company has market cap of $1.08 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. After $-0.05 actual EPS reported by Mattersight Corporation for the previous quarter, Wall Street now forecasts 160.00% negative EPS growth.

On Monday, analysts seemed skeptical how long the bank can continue to do that as online banks - and even Goldman Sachs' consumer bank - have started to offer competitive rates.

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