Capital Advantage Inc. Decreases Stake in Bank of America (BAC)

Bank Of America

Q1 2018 Supplemental Information Bank of America reported its first-quarter 2018 financial results today.

The revenue line that once regularly topped $1 billion a quarter is now so small that the company on Monday lumped it into "all other income" from its consumer bank. Ctc Llc bought 179,594 shares as the company's stock rose 58.31% while stock markets declined. 662,740 are owned by Rwc Asset Mgmt Llp. It improved, as 53 investors sold NFLX shares while 244 reduced holdings. Shareholders of record on Friday, March 2nd were given a dividend of $0.12 per share. Old Second State Bank Of Aurora reported 1.13% of its portfolio in Bank of America Corporation (NYSE:BAC). Bank of America had 20 analyst reports since October 16, 2017 according to SRatingsIntel. About 881,895 shares traded. On Tuesday, August 18 the stock rating was maintained by RBC Capital Markets with "Buy". The rating was maintained by Keefe Bruyette & Woods with "Buy" on Tuesday, December 12. Capital Invest Advisors Ltd Company holds 0.84% or 434,468 shs in its capital. The stock has "Buy" rating by Sandler O'Neill on Tuesday, January 9. Mattersight Corporation (MATR) has declined 40.43% since April 16, 2017 and is downtrending.

Disclaimer Bank of America Corporation published this content on 16 April 2018 and is exclusively responsible for the information contained herein. Credit Suisse maintained the stock with "Outperform" rating in Friday, March 16 report. The stock of Bank of America Corporation (NYSE:BAC) has "Buy" rating given on Sunday, July 23 by Renaissance Macro Securities LLC.

Q1 income of $6.9B or $0.62 per share vs. $5.3B and $0.45 a year ago. Darsana L P stated it has 7.87% in Bank of America Corporation (NYSE:BAC). 135,124 were reported by Greenwich Wealth Management Limited Com. Kcm Invest Limited Liability Corporation holds 0.54% in Bank of America Corporation (NYSE:BAC) or 311,713 shares. 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. Sii Invs Inc Wi holds 27,498 shares or 0.08% of its portfolio. Polar Asset Prns Incorporated invested 1.4% in Bank of America Corporation (NYSE:BAC). Legal & General Group Plc lifted its holdings in shares of Bank of America by 0.7% during the third quarter.

Tesla Model 3 Celebrates Growth, No Improvements On Quality
Institutions purchase large blocks of a company's outstanding shares and can exert considerable influence upon its management. A simple moving average is an indicator that calculates the average price of a security over a specified number of periods.

Syria Strikes: British Prime Minister Faces Backlash For Bypassing Parliament
British Prime Minister Theresa May described the strike as "limited and targeted". He reiterated that Canada condemns the use of chemical weapons in Ghouta.

India to get normal monsoon rains in 2018: IMD
Forecast suggests maximum probability for normal rainfall and a low probability for deficient rainfall during the season. As per historical data, the long-period average (LPA) rainfall - between June and September - is 89cm.

Goldman Capital Management Inc holds 3.44% of its portfolio in Mattersight Corporation for 1.40 million shares. This year's EPS analyst estimate is awaited to be $0.59.

Jefferies analysts said BofA results looked best among peers that have reported so far. Optimum Advsrs holds 0.29% of its portfolio in Bank of America Corporation (NYSE:BAC) for 30,395 shares. They expect $-0.13 EPS, up 31.58% or $0.06 from last year's $-0.19 per share. The Manufacturers Life Insurance Company now owns 44,136,977 shares of the financial services provider's stock valued at $1,070,762,000 after acquiring an additional 9,612,342 shares during the period. BMO Capital Markets maintained the shares of BAC in report on Friday, October 6 with "Hold" rating.

The beat was driven by higher interest rates and lower taxes, while the bank's equities trading unit had a record quarter, echoing a similar performance in that unit at JPMorgan and Citigroup. Savant Limited Co accumulated 0.39% or 63,106 shs. As per Wednesday, April 4, the company rating was maintained by Keefe Bruyette & Woods. After $-0.05 actual EPS reported by Mattersight Corporation for the previous quarter, Wall Street now forecasts 160.00% negative EPS growth. On Tuesday, December 5 Raymond James maintained the shares of BAC in report with "Buy" rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related:

Comments

Latest news

Some Massive Records Are Within Manchester City's Reach After Clinching Title
The 2017-18 Premier League champions have scored a breath-taking 93 goals so far and look comfortable to cross the 100-goal mark. The 27-year-old stands by his decision to leave Spurs, but is still tipping them for a brighter future.

Shenmue I & II Receiving Remastered Release on Consoles and PC
Pre-orders for the re-release are already live, but a final release date has yet to be announced. The biggest dream of every DreamCast fan has come true.

Sensex rises for 8th straight session; Nifty reclaims 10500
In the Sensex kitty, Hero MotoCorp emerged best performer by surging 2.02 per cent, followed by Kotak Bank 1.88 per cent. BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 0.88%.

BJP releases second list of 82 candidates for Karnataka elections
The party is yet to name candidates for Shantinagar segment in Bengaluru Central, Kittar, Nagthan, Sindgi, Raichur and Melukote. The list has 15 women candidates, five more than what the party had fielded in the previous Assembly elections.

Manchester United 0 v West Brom 1 - story of the match
On an individual level, the likes of Pogba, Sanchez and Lukaku failed to produce the spark and unlock West Brom's stellar defence. Yet, in order to do that, they would have to repeat performances like that one for the best part of the 38 matches.

After Outcry, Weibo Does U-Turn on Gay Content Ban
At the end of the article, he made his Weibo account public, and chose to come out as gay despite long fears of discrimination. In the post, the author wondered why China, as the world's second-largest economy, "can't be inclusive of two sexualities".

46 injured as protesters clash with Police in Yerevan
Tensions in Armenia often flare up during presidential and parliamentary elections. Many Armenians accuse the government of corruption and mismanaging the economy.

CJ Anderson released by Broncos, should Dolphins sign RB?
Anderson is coming off the best volume season of his career, during which he ran for over 1,000 yards and totaled four touchdowns. As ESPN's Bill Barnwell noted, the path the Broncos took to get to this point with Anderson was rather interesting.

Manchester City wins English Premier League title after rivals Manchester United stumble
Pep Guardiola's side cant be caught at the top of the table after United's shock defeat to the bottom-of-the-table Baggies. Mark Ogden, ESPN : "City have looked down on everyone this season virtually since the first ball was kicked last August".

Michy Batshuayi's World Cup Place in Jeopardy with Season-Ending Injury
Chelsea are breathing a sigh of relief after it was confirmed that striker Michy Batshuayi has not broken his leg or ankle. A commitment for the Belgium national team at the World Cup in Russian Federation is still in the range of possibility.

The Walking Dead season 8 review: "Drawn out and insignificant"
When Jesus asks what she's going to do, she says that they will build the Hilltop back up and make it work better than before. The all-out war with Negan is finally over. "Carl didn't know a damn thing", croaked a bleeding Negan.

No justice in Mecca Masjid blast case: Owaisi
The state government in January 2013 had paid Rs three lakh each to 20 people and Rs 20,000 each to 50 people. Gupta, acquitted in this case, was sentenced to life in jail previous year for the Ajmer Sharif dargah blast.

Donald Trump is 'morally unfit' to be president, James Comey blasts
A big topic of discussion in Comey's interview was his effect on the 2016 presidential campaign. In a written statement to the committee , Comey claimed that Trump had asked him for "loyalty".

Safdar terms firing at Justice Ijazul Ahsan's residence 'cheap tactic'
Initial investigation says one bullet hit the main gate of the house while another bullet spot has been found on kitchen's wall. The TV channel reported that Chief Justice of Pakistan Mian Saqib Nisar has reached the residence of the Supreme Court judge.

Brendan Rodgers named on four-man shortlist to replace Conte
Asked what he thought the defeat meant for his own position, he said: "I'm not going to talk about my role". We didn't put them under enough pressure and allowed them to play through us too easily.

Other news