Bank of America shares fall on Q4 Revenue miss

Homeland Security Secretary Kirstjen Nielsen testifies before the Senate Judiciary Committee in Capitol Hill Tuesday Jan. 16 2018 in Washington. Kirstjen said she “did not hear” President Donald Trump use a certain vulgarity to describe African

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.

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 https://www.dispatchtribunal.com/2018/01/17/pictet-asset-management-ltd-raises-position-in-bank-of-america-corp-bac.html. 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.

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