Bank of America hits profit high - but investment bank stumbles

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BAC traded down $0.13 during midday trading on Monday, reaching $29.67. About 11.73M shares traded. BAC is uptrending and has moved 28.18% since April 15, 2017.

Jonathan Soros increased its stake in Bank Amer Corp (BAC) by 6.92% based on its latest 2017Q4 regulatory filing with the SEC. The hedge fund run by Scott Burney held 5.00M shares of the major banks company at the end of 2017Q4, valued at $108.18 million, up from 2.44 million at the end of the previous reported quarter. The Pennsylvania-based Penn Capital Management Co Inc has invested 0.23% in the stock. Earnings per share rose to 62 cents, beating the average analyst estimate of 59 cents, according to Thomson Reuters I/B/E/S. BAC outperformed by 16.63% the S&P500. (NYSE:THO) to report earnings on June, 4. Bank of America maintained Netflix, Inc. Oppenheimer has "Buy" rating and $3500 target. The company was maintained on Sunday, October 8 by RBC Capital Markets.

BAC has been the topic of several recent research reports. The firm has a market capitalization of $313,969.09, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.53 and a beta of 1.37.

ILLEGAL ACTIVITY WARNING: "Mengis Capital Management Inc". The stock has "Buy" rating by Wells Fargo on Wednesday, December 20. 11,264 shares were sold by HOAG JAY C, worth $3.01 million.

Global wealth management: Net income increased 34% to $1 billion, again driven by higher rates. That's change of 0.15, from 2017Q3's 1.04. Stephens Ar invested in 888,692 shares. 107 funds opened positions while 281 raised stakes. Fcg Advsrs Ltd Liability Corp holds 19,110 shares. First Merchants reported 4,905 shares stake. Balyasny Asset Limited Liability has 0.38% invested in Microsoft Corporation (NASDAQ:MSFT). Independent Investors Inc holds 17,587 shares or 0.2% of its portfolio. Mitsubishi Ufj Tru And Banking invested in 0.42% or 1.26 million shares. Mngmt Of Virginia Llc reported 62,159 shares stake. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.03. 886,928 are held by Thrivent Financial For Lutherans. Jacobs Levy Equity Inc holds 0.23% in Thor Industries, Inc. Teacher Retirement System of Texas now owns 6,806,200 shares of the financial services provider's stock valued at $172,469,000 after acquiring an additional 128,510 shares in the last quarter. Bank of America has a 12-month low of $22.07 and a 12-month high of $33.05.

Investors sentiment increased to 1.16 in 2017 Q4. It's up 1.55, from 1.25 in 2017Q3. It turned negative, as 39 investors sold MSFT shares while 1012 reduced holdings. 162 funds amassed positions and 585 increased positions. Fifth Third National Bank & Trust has invested 0.95% in Bank of America Corporation (NYSE:BAC). Btim Corporation reported 33,554 shares. Weik Cap Mgmt has 18,600 shares. Kistler reported 14,906 shares. Finance Advisory Ser Incorporated has invested 0.15% of its portfolio in Bank of America Corporation (NYSE:BAC).

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. Reliant Invest Management Ltd Limited Liability Company owns 101,360 shares or 2.05% of their United States portfolio. Shareholders of record on Friday, March 2nd were given a dividend of $0.12 per share. UBS upgraded Bank of America Corporation (NYSE:BAC) on Wednesday, August 26 to "Neutral" rating. Therefore 67% are positive. 17 are the (NYSE:BAC)'s analyst reports since October 31, 2017 according to StockzIntelligence Inc. On Tuesday, December 5 the company was maintained by Raymond James. Morgan Stanley maintained it with "Overweight" rating and $37 target in Friday, February 2 report. Credit Suisse maintained the stock with "Outperform" rating in Friday, March 16 report. The rating was maintained by Keefe Bruyette & Woods with "Buy" on Tuesday, December 12. The firm has "Buy" rating by Societe Generale given on Wednesday, January 11. The company was downgraded on Thursday, December 1 by Standpoint Research. Nine equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock.

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