Bank Of America Corp Earnings Results Beat Estimates

Bringing Costs Down       Bank of America posted its lowest expense-to-revenue ratio in years              Source Company filings

Personal Capital Advisors Corp purchased a new stake in Bank of America in the 3rd quarter valued at $311,000. It also reduced Vanguard Intl Equity Index F (VWO) stake by 303,806 shares and now owns 59,284 shares.

Analysts surveyed by Thomson Reuters are predicting, BAC to report 1Q18 income of $ 0.59 per share from revenue of $ 23.06 billion. Stelac Advisory Services Llc who had been investing in Bank Of America Corp for a number of months, seems to be less bullish one the $302.63 billion market cap company.

Shares of Bank of America Corporation (NYSE:BAC) closed the previous trading session at $29.80, experiencing a change of -2.77% with 99,037,805 shares trading hands. It's an average volume stands with 76454.8K shares.

Bank of America (NYSE:BAC) last issued its earnings results on Monday, April 16th. The stock outperformed the S&P500 by 16.63%.

Investors sentiment increased to 1.31 in Q4 2017. It has dividend yield of 1.61% and Payout Ratio is 23.80%.

Citigroup, also based in NY, reported a profit of $4.62 billion, or $1.68 a share, compared with a profit of $4.1 billion, or $1.35 per share, in the same period a year earlier.

Netflix fell more than 1 percent. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.90 and a current ratio of 0.91.

Every trading day indicate diverse behavior and trends about Bank of America Corporation (BAC) stock. Hanson Mcclain Inc holds 0% of its portfolio in American River Bankshares (NASDAQ:AMRB) for 273 shares. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. Ferguson Wellman Management Incorporated holds 19,684 shares or 0.02% of its portfolio. Adirondack owns 20 shares. TIAA CREF Investment Management LLC raised its holdings in Bank of America by 1.7% in the 2nd quarter. Bank of Hawaii lifted its holdings in shares of Bank of America by 0.5% during the 2nd quarter.

Cubist Systematic Strategies Lc holds 0.11% or 71,416 shs. Therefore 0 are positive. Janus Henderson Group PLC boosted its stake in shares of Bank of America by 587.0% during the 2nd quarter. Keefe, Bruyette & Woods reissued a "buy" rating and issued a $35.00 price objective on shares of Bank of America in a research note on Thursday, April 5th. The company rating was maintained by Oppenheimer on Monday, March 26. $33.63's average target is 12.85% above currents $29.8 stock price. One obvious showing off to identify high earnings per portion count together companies are to locate companies that have demonstrated such build up beyond the p.s. 5 to 10 years. RBC Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, December 6. The rating was maintained by Raymond James with "Buy" on Tuesday, December 5. The company was maintained on Friday, February 2 by Morgan Stanley.

Bank of America (NYSE:BAC) headquartered in Charlotte, North Carolina, is set to announce first quarter earning results on Monday 16th April 2018, before market open. This compares with $4.83 billion, or $0.45 per share, in last year's first quarter.

Taking an inside look at what's happening with shares of Bank of America Corporation (NYSE:BAC), we can see that insider transactions have changed 0.00% over the past 6 months leaving corporate executives holding 0.10% of the total 10482.24 shares outstanding.

Banks have been able to pocket much of the benefit from the rate increases because customers aren't demanding more interest.

Ctc Llc, which manages about $61.51B US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 193,352 shares to 128,317 shares, valued at $22.64 million in 2017Q4, according to the filing.

Despite the fact that a low P/E ratio may make a stock look like a good buy, factoring in the company's growth rate to get the stock's PEG ratio can tell a different story. 17 are the (NYSE:BAC)'s analyst reports since October 31, 2017 according to StockzIntelligence Inc. As per Thursday, March 24, the company rating was maintained by Citigroup. Nomura has "Buy" rating and $30 target. As per Tuesday, August 25, the company rating was upgraded by Bernstein. (NASDAQ:NFLX) has "Market Perform" rating given on Friday, October 9 by BMO Capital Markets.

Capital markets performance was a major contributor to the strong performance in the quarter.

Profitability Ratios (ROE, ROA, ROI): Looking into the profitability ratios of AAPL stock, an investor will find its ROE, ROA, ROI standing at 37.4%, 13.8% and 18.3%, respectively.

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