Analysts See $0.59 EPS for Bank of America Corporation (BAC)

March 19, 2018 - By Graig Alexander

 Analysts See $0.59 EPS for Bank of America Corporation (BAC)
Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It turned negative, as 68 investors sold Bank of America Corporation shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported.
Wealth Enhancement Advisory Ser Lc invested in 0.08% or 38,888 shares. California State Teachers Retirement stated it has 17.27M shares or 0.97% of all its holdings. Rosenblum Silverman Sutton S F Ca stated it has 126,680 shares or 1.22% of all its holdings. Goldman Sachs Group Inc Inc invested 0.45% of its portfolio in Bank of America Corporation (NYSE:BAC). Vantage Invest Advisors Ltd has invested 0.95% of its portfolio in Bank of America Corporation (NYSE:BAC). Brave Warrior Advsr Ltd, a New York-based fund reported 14,532 shares. Carnegie Capital Asset Management Limited Com holds 0.09% or 28,966 shares in its portfolio. Palisades Hudson Asset Ltd Partnership holds 0.29% or 19,914 shares. Moreover, Research & Management has 0.22% invested in Bank of America Corporation (NYSE:BAC) for 26,490 shares. First Pacific Advisors holds 4.85% or 24.91M shares. Assets Limited Liability Corp has 0.98% invested in Bank of America Corporation (NYSE:BAC). Sadoff Invest Mngmt Ltd Co owns 1.97 million shares or 4.47% of their US portfolio. Tompkins Fincl holds 500 shares or 0% of its portfolio. Lenox Wealth Management has 3,841 shares for 0.03% of their portfolio. Chilton Mngmt holds 345,133 shares.

Analysts expect Bank of America Corporation (NYSE:BAC) to report $0.59 EPS on April, 17.They anticipate $0.18 EPS change or 43.90 % from last quarter’s $0.41 EPS. BAC’s profit would be $6.03B giving it 13.54 P/E if the $0.59 EPS is correct. After having $0.47 EPS previously, Bank of America Corporation’s analysts see 25.53 % EPS growth. The stock decreased 0.67% or $0.215 during the last trading session, reaching $31.955. About 37.76M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since March 19, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 107 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) earned “Market Perform” rating by BMO Capital Markets on Monday, October 16. The rating was maintained by Renaissance Macro Securities LLC on Sunday, July 23 with “Buy”. The company was upgraded on Tuesday, September 1 by KBW. The firm has “Buy” rating given on Friday, January 19 by Sandler O’Neill. Macquarie Research upgraded Bank of America Corporation (NYSE:BAC) on Tuesday, August 25 to “Underperform” rating. Robert W. Baird upgraded the shares of BAC in report on Tuesday, September 1 to “Buy” rating. The firm earned “Buy” rating on Tuesday, July 18 by Nomura. As per Tuesday, September 13, the company rating was downgraded by Societe Generale. The rating was maintained by Oppenheimer with “Outperform” on Saturday, September 5. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Wednesday, May 31 with “Hold” rating.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide. The company has market cap of $326.71 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It has a 20.5 P/E ratio. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans.

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.