Bank of America shares fall on Q4 Revenue miss

Brian Moynihan Bank of America BOA

The stock increased 1.29% or $3.16 during the last trading session, reaching $247.9.

Shares rose 0.2 percent to $31.30 in pre-market trading. CDW Corporation (NASDAQ:CDW) has risen 35.25% since January 17, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Bank of America Corp (NYSE:BAC) released its latest earnings report before opening bell this morning. The Manufacturers Life Insurance Company increased its stake in shares of Bank of America by 27.8% in the 2nd quarter.

Bank of America Corp isn't the only financial company that is seeing the effects of the new tax legislation. The Stock now has a Weekly Volatility of 1.48% and Monthly Volatility of 1.21%. About 266,874 shares traded.

Bank of America reported better-than-expected adjusted fourth quarter earnings Wednesday before the opening bell. It has outperformed by 41.94% the S&P500. This represents a $0.48 annualized dividend and a dividend yield of 1.55%. The insider BRAMBLE FRANK P sold $2.10M. CRANSTON MARY B sold 10,400 shares worth $1.07M. Therefore 25% are positive. Nike Inc. had 217 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has "Buy" rating by Citigroup given on Tuesday, July 19. "We've basically told people that they could buy it in other accounts, but not at Merrill Lynch". As per Wednesday, December 28, the company rating was maintained by Credit Suisse. Slusher John F also sold $7.94M worth of NIKE, Inc. The Interocean Capital Llc holds 319,490 shares with $8.10M value, up from 196,419 last quarter.

Investors sentiment increased to 2 in Q3 2017.

Snow Warning For Yorkshire Coast
Elsewhere, drivers were forced to ditch their cars on the M62 in northern England as savage winter weather battered the region. The Met Office's chief forecaster predicts: " Snow showers will be heaviest and most frequent across western Scotland".

On 5/2/2017 announced a quarterly dividend of $0.08 1.27% with an ex dividend date of 5/31/2017 which will be payable on 6/2/2017.

Several institutional investors have recently bought and sold shares of the company. Bremer Trust Natl Association reported 48,058 shares or 0.34% of all its holdings. Westfield Capital Management Lp reported 0.68% stake. 15,203 were accumulated by Beach Investment Counsel Pa. 4,028 are owned by Wealth Enhancement Advisory Svcs Ltd Company. Sg Americas Secs Limited Com holds 635,739 shares or 0.14% of its portfolio. Sumitomo Mitsui Asset Management Ltd reported 761,277 shares stake. Spc invested 0.08% in Bank of America Corporation (NYSE:BAC). Stonebridge Capital Advisors Llc stated it has 0.37% of its portfolio in 3M Company (NYSE:MMM). The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.90. Old Second Bankshares Of Aurora holds 97,028 shares. Moreover, Meeder Asset Mgmt has 0.16% invested in 3M Company (NYSE:MMM) for 6,913 shares. BofA shares were at $30.92 at 11:45 a.m. Asset Advsrs Lc owns 172,950 shares or 4% of their USA portfolio. Finally, Altavista Wealth Management Inc. boosted its position in shares of Bank of America by 0.7% during the 2nd quarter. Tnb Fincl reported 99,372 shares. The Federal Reserve has raised interest rates four times in the previous year, and that allows banks like BofA to charge more to borrowers for loans. After $1.04 actual EPS reported by CDW Corporation for the previous quarter, Wall Street now forecasts -10.58% negative EPS growth. M Partners maintained Ambac Financial Group, Inc.

Full-year costs fell less than 1 percent in 2017 to $54.7 billion. Investors of record on Friday, December 1st were given a $0.12 dividend. The original version of this report can be viewed at Ifc Fl holds 0.22% or 123,576 shares in its portfolio. Wellcome Trust Limited (The) As Trustee Of The Wellcome Trust holds 8.09% or 20.00M shares in its portfolio. (NYSEAMERICAN:ATNM). National Bank Of Ny Mellon holds 0% in Actinium Pharmaceuticals, Inc.

Bank of America today followed other major United States banks in revealing a big $2.9bn (£2.1bn) tax hit after Donald Trump's changes, although earnings still managed to come in at the top end of analyst expectations. Bank of America Corp has a fifty-two week low of $22.01 and a fifty-two week high of $31.79. Lansdowne Prns (Uk) Llp owns 47.19 million shares. 16,833 are held by Rfg Advisory Group Limited Liability Com. Frontier Investment Mngmt has invested 0.34% in Bank of America Corporation (NYSE:BAC). Seizert Prtn Ltd owns 2.23 million shares for 2.08% of their portfolio.

Zacks Investment Research upgraded shares of Bank of America (NYSE:BAC) from a hold rating to a buy rating in a report issued on Tuesday, January 2nd. Therefore 50% are positive.

BAC stock fell as much as 2% Wednesday morning, but is now only down slightly as of noon Wednesday. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Friday, October 6. The stock has "Hold" rating by BMO Capital Markets on Tuesday, July 18. Raymond James maintained CDW Corporation (NASDAQ:CDW) on Tuesday, August 4 with "Buy" rating. (NYSE:NKE) earned "Buy" rating by Argus Research on Tuesday, September 29. The rating was maintained by Brean Capital with "Buy" on Friday, August 7. Vetr upgraded it to "Buy" rating and $18.59 target in Monday, August 24 report.

Related News:

  • Tom Brady injures throwing hand ahead of AFC Championship

    Players who were asked about Brady later in the day said they weren't aware of anything that happened injury-wise at practice. Per Jeff Howe of The Herald , Brady is expected to play in Sunday's AFC Championship game barring an unexpected setback.
    McDonald's plans for fully recycled packaging by 2025

    McDonald's plans for fully recycled packaging by 2025

    Almost three decades ago, McDonald's and EDF teamed up to tackle solid waste and accelerate innovation in packaging. The goal is to feature 100 percent of its packaging from recycled, renewable or certifiable sources by 2025.

    CARICOM condemns derogatory remarks made by US President Donald Trump

    On Sunday, Mr Trump told reporters he was "the least racist person you have ever interviewed", adding: "I'm not a racist". Durbin said that Trump did use "hate-filled, vile and racist" language in the meeting, according to the Chicago Tribune.
  • Suspect charged with murder in college student's killing

    Suspect charged with murder in college student's killing

    Woodward was arrested after crime lab techs found Bernstein's blood on a sleeping bag in Woodward's possession, the Register said. Woodward also had scratches and abrasions on his hands, which he attributed to a "fight club" in which he was involved.
    Marijuana Banking Bill Receives Support From 19 State Attorneys General

    Marijuana Banking Bill Receives Support From 19 State Attorneys General

    The Alaska and Hawaii attorneys general asked Congress to change laws so marijuana businesses can start using banks. Bernie Sanders, I-Vt., and Sen.
    Who was Cardinal Law? Boston Archbishop died unpunished for protecting paedophile priests

    Who was Cardinal Law? Boston Archbishop died unpunished for protecting paedophile priests

    Last September, Pope Francis , addressing the commission, said the Catholic Church had moved too slowly to confront abuse. But after hundreds more stories of abuse surfaced, 58 priests signed a letter calling on Law to resign.
  • Fashion designer blocked from boarding flights wearing all his clothes

    Fashion designer blocked from boarding flights wearing all his clothes

    Ryan claims he was denied a boarding pass at Keflavik airport in Iceland as he tried to make his way to the UK. In a subsequent video, Williams is seen asking gate agents to explain to him why he couldn't get on the flight.
    Ivan Drago's Son Gets Cast In Creed Sequel

    Ivan Drago's Son Gets Cast In Creed Sequel

    We already knew that Dolph Lundgren would be returning to the ring for Creed 2 , but we didn't know who would be playing his son. Steven Caple will direct the sequel, which is set to begin shooting in March in Philadelphia toward a November 21 release date.
    Stokes available for England selection

    Stokes available for England selection

    Ben Stokes will return to global cricket in February, after the European Central Bank lifted his suspension on Wednesday morning. He was suspended from the England team after his initial arrest and subsequently missed England's Ashes series in Australia .
  • Smartphone spyware can steal WhatsApp messages from Android phones

    Smartphone spyware can steal WhatsApp messages from Android phones

    Details found in the code of the spyware suggested it was developed by Negg International, an Italian cybersecurity company. Kaspersky Lab explained that the malware has nothing to do with Sky or the Sky Go product, service or app.
    Star Wars is trying to solve Hollywood's super-villain problem

    Star Wars is trying to solve Hollywood's super-villain problem

    There were high expectations coming into this film but nothing like what was felt right after the movie had been seen. After an hour, I would have filled up pages and pages writing down the notes and one-liners that she would pitch.
    Ann Curry says she wasn't surprised by Lauer allegations

    Ann Curry says she wasn't surprised by Lauer allegations

    I'm talking about individuals in a working environment who are abusing their energy and ladies and men are suffering. Lauer lost his job after an employee filed a complaint about "inappropriate sexual behavior in the workplace".

Most liked

Microsoft allegedly pursuing development on new Fable game
However, given the degree of hiring going on we imagine the team is trying to get developers with the necessary expertise. Though Microsoft hasn't confirmed Fable 4 is on the way, there have been signs that the franchise hasn't been abandoned.

Mike 'The Situation' Sorrentino expected to plead guilty to tax evasion
Both the reality TV show star and his brother are charged with one count of conspiracy to defraud the United States. Michael D'Alessio - Marc Sorrentino's lawyer - did not immediately respond to requests for comment.

Doctor: Trump is healthy, did very well on cognitive test
Barack Obama then promoted Jackson to the role of presidential physician, a role which has continued under President Trump. Trump's physician performed the yearly physical Friday at the Walter Reed National Military Medical Center in Maryland.

Gunmen kill two policemen, abduct four foreigners in Kaduna
Two escorts with the Nigeria Police Force were reportedly killed by the armed kidnappers, before the foreigners were abducted. Last February, two German archaeologists were abducted in the region but were later freed.

A new Alien shooter with a "persistent world" is on the way
It is in development at Cold Iron Studios , which was recently acquired by Fox. We'll find out for sure whenever the game is actually unveiled.

Lebanon overturns ban on Steven Spielberg's 'The Post'
If a Lebanese citizen socializes with an Israeli in NY or Australia, he can face jail at home in Lebanon. ". In addition to the main character in the film being Israeli, one of the film's producers also is Israeli.

LaLiga: Zidane speaks on Ronaldo moving away from Real Madrid
I trained a lot, twice as much", he added. "I do not want to talk about the contract and those things". Everything else he manages himself, it is not my business.

Series sealed, chance for India to try out bench strength
Both Rohit and Rahul hit a six each off him. 5 - Number of batsmen to score two centuries in T20 Internationals, including Rohit. From taking a jibe at the rival team to puntastically saluting Sharma, these reactions are as entertaining as Sharma's knock.

Fire and Fury author: Trump is 'beyond reason and control'
Instead, the book described White House aides and officials as anxious about Trump's work and his abilities to be commander in chief.

FBI warned Kushner on Murdoch ex-wife
According to a source quoted in the Journal's article, Murdoch has surfaced on the radar of counter-intelligence services before. Among U.S. officials' reported concerns was a proposed garden in Washington , D.C., funded by the Chinese government.

Ashleigh Banfield Slams Aziz Ansari Accuser On HLN
The New York Times writer Bari Weiss has bashed the allegation in an opinion piece titled " Aziz Ansari is Guilty". Part of being a " woke bae ", as Ansari is now realizing, is recognizing that you can never be fully woke.

Freedom House: Albania remains a partially free country
Syria came at the bottom of the table with -1 while North Korea and Eritrea were both on 3. This marked the 12th consecutive year of the decline in global freedom.

Trump Oversees Biggest Single-Year Increase in Percentage of Uninsured Under Obamacare
That increase, a 1.3 percentage point jump to 12.2 per cent, represents the biggest jump in the uninsured rate in almost a decade. Much of the change can be attributed to people who buy their own plans, likely including through the ACA exchanges.

Bitcoin slides 14% on crackdown fears, hits four-week low
When, and if Bitcoin rises again, to let's say $15,000, your $10,000 will only be able to buy about 0.667 BTC. Despite the drop, Ethereum, Ripple and the rest of the alt coins have largely fared worse than bitcoin.

Democrat Phil Murphy To Take Oath As New Jersey Governor
New Jersey has added drunk droning to the statute books, outlawing the flying of unmanned aircraft after one too many drinks. Phil Murphy is moving quickly to promote the issues that propelled him to the governor's office in New Jersey .