Bank of America (BAC) Lowered to "Hold" at Vetr

Ceria Alfonso
Marcha 14, 2018

TIAA CREF Investment Management LLC now owns 63,635,295 shares of the financial services provider's stock valued at $1,543,792,000 after acquiring an additional 1,079,788 shares during the last quarter. The institutional investor held 27,925 shares of the integrated oil company at the end of 2017Q3, valued at $1.08 million, down from 35,882 at the end of the previous reported quarter. The stock increased 0.37% or $0.12 during the last trading session, reaching $32.84. Bank of America Corporation (NYSE:BAC) has risen 58.64% since March 12, 2017 and is uptrending. It has outperformed by 11.57% the S&P500.

Bryant Regan increased its stake in Full House Resorts Inc (FLL) by 302.56% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 218,392 shares of the semiconductors company at the end of 2017Q3, valued at $8.32M, down from 226,371 at the end of the previous reported quarter. F&V Capital Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $336.40 billion market cap company. Intel Corporation (NASDAQ:INTC) has risen 19.47% since March 13, 2017 and is uptrending. It has outperformed by 45.78% the S&P500. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. Therefore 40% are positive. CF Industries Holdings had 95 analyst reports since July 22, 2015 according to SRatingsIntel. As per Tuesday, January 9, the company rating was maintained by Sandler O'Neill. (NASDAQ:DEPO) on Wednesday, February 24 with "Buy" rating. The rating was maintained by Jefferies with "Buy" on Friday, August 11. The firm has "Buy" rating by RBC Capital Markets given on Friday, October 6. On Friday, July 24 the stock rating was maintained by WallachBeth Capital with "Hold". The firm has "Buy" rating given on Tuesday, September 1 by Bernstein. Deutsche Bank maintained the shares of BAC in report on Tuesday, January 26 with "Buy" rating.

Bank of America Corporation (BAC) have shown a high EPS growth of 46.90% in the last 5 years and has earnings rose of 16.90% yoy.

The company reported its last earnings Actual EPS of $0.48/share. BAC's profit will be $6.04B for 13.71 P/E if the $0.59 EPS becomes a reality. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.03.

Investors sentiment decreased to 1.04 in 2017 Q3. This represents a $0.48 annualized dividend and a dividend yield of 1.47%. 62 funds opened positions while 102 raised stakes. Fayez Sarofim And reported 294,409 shares or 0.04% of all its holdings. Ccm Inv Advisers Limited Liability Co owns 11,308 shares for 0.06% of their portfolio.

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Bank of America announced that its Board of Directors has approved a share buyback plan on Tuesday, December 5th that allows the company to repurchase $5.00 billion in shares. (NASDAQ:FLL). Lpl Lc, California-based fund reported 42,078 shares. Roundview Ltd Com reported 229,142 shares or 1.62% of all its holdings. Amica Mutual Insur Com holds 0.71% or 312,335 shares. Commerzbank Aktiengesellschaft Fi holds 1.43% or 4.30 million shares. (NYSE:CF). Menta Ltd Liability Co holds 28,400 shares or 0.15% of its portfolio. Motco owns 2,400 shares. Jefferies maintained the shares of SEE in report on Wednesday, April 19 with "Hold" rating. Brighton Jones Lc invested in 0.2% or 61,611 shares. Miller Investment Mngmt Ltd Partnership owns 37,675 shares.

Shares of Bank of America Corp (BAC) opened at $32.72 on Friday.

Analysts await Regal Beloit Corporation (NYSE:RBC) to report earnings on May, 14. Yorktown Mgmt And Research stated it has 0.47% of its portfolio in Bank of America Corporation (NYSE:BAC). Bank of America Corp has a 1 year low of $22.07 and a 1 year high of $33.05. Therefore 100% are positive. Depomed Inc had 51 analyst reports since July 30, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with "Market Perform" rating in Monday, October 16 report. Zacks upgraded the shares of CCS in report on Wednesday, August 12 to "Hold" rating. The firm earned "Outperform" rating on Friday, April 7 by Wood. The stock has "Buy" rating by Sterne Agee CRT on Wednesday, September 9. Vetr cut shares of Bank of America from a "buy" rating to a "hold" rating and set a $34.13 price objective for the a research report on Monday. The company was maintained on Tuesday, November 7 by BMO Capital Markets. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, June 14. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: and their article: "3 Reasons Bank of America Corp Stock Has More Upside" published on February 20, 2018 as well as's news article titled: "Why Bank of America Corp Stock Is Still a Solid Buy" with publication date: March 01, 2018.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.01, from 1.22 in 2017Q2. It improved, as 7 investors sold NDLS shares while 15 reduced holdings. Cedar Capital LLC raised its position in Bank of America by 39.8% during the second quarter. The Manufacturers Life Insurance Company now owns 44,136,977 shares of the financial services provider's stock worth $1,070,762,000 after purchasing an additional 9,612,342 shares during the last quarter. Jpmorgan Chase &, New York-based fund reported 324,970 shares. Susquehanna Interest Grp Llp reported 51,709 shares or 0% of all its holdings. Brookstone Mngmt holds 54,643 shares or 0.13% of its portfolio. Everence Cap Mngmt has 206,280 shares for 1.19% of their portfolio.

Arlington Capital Management Inc. holds 2.65% of its portfolio in Invesco Dynamic Credit Opportunities Fund for 426,716 shares. First Personal Financial Service invested in 30,540 shares. Jacobs Levy Equity Management accumulated 26,950 shares. D Scott Neal Incorporated holds 350 shares or 0% of its portfolio. 12,964 shares valued at $115,139 were sold by SCP Vitalife Partners (Israel) II - L.P. on Tuesday, January 2. Bb&T Corp stated it has 0.01% in Recro Pharma, Inc. Savant Capital Ltd Liability Corporation invested in 0.28% or 50,048 shares. 10,830 were reported by Evanson Asset Ltd Llc. Putnam Fl Invest Management stated it has 0.56% in Bank of America Corporation (NYSE:BAC).

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