Bank Of America Corp (NYSE:BAC) Big Money Sentiment Index Improved in 2017 Q4 to 1.19

May 16, 2018 - By Irene Marshall

Bank of America Corporation (NYSE:BAC) Corporate Logo

Bank Of America Corp’s Sentiment

In 2017 Q4 Bank Of America Corp (NYSE:BAC) big money sentiment increased to 1.19, SEC.gov filings reveal. So its up 0.15, from 2017Q3’s 1.04. 747 active investment managers opened new and increased equity positions, while 627 decreased and sold their positions in Bank Of America Corp so the sentiment improved. Funds own 6.85 billion shares, down from 6.91 billion shares in 2017Q3. Funds holding Bank Of America Corp in top 10 increased from 202 to 233 for an increase of 31. In total 66 funds closed positions, 561 reduced and 585 increased. Also 162 funds bought new Bank Of America Corp stakes.

Most Bank Of America Corp Investors

As of 2017 Q4 Daily Journal Corp has 39.31% invested in Bank Of America Corp. Bank Of America Corp’s shareholder Toscafund Asset Management Llp owns 1.35 million shares as of 2017 Q4. Also, Theleme Partners Llp reported 13.32 million shares in Bank Of America Corp equivalent to 18.43% of its portfolio. Salzhauer Michael revealed 1.52 million shares position in Bank Of America Corp. The Bahamas-based fund First Trust Bank Ltd. holds 210,721 shares or 16.73% of their portfolio.

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 firm is valued at $315.03 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets.The P/E ratio is 19.93. 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.

BAC reached $31.07 during the last trading session after $0.15 change.Bank of America Corporation has volume of 35.58M shares. Since May 16, 2017 BAC has risen 28.18% and is uptrending. BAC outperformed the S&P 500 by 16.63%.

Bank of America Corporation (NYSE:BAC)’s quarterly earnings will be reported on July, 17., according to RTT. This year’s EPS analyst estimate is awaited to be $0.64. That is 39.13 % up compareed to $0.46 EPS for last year. In case of $0.64 EPS BAC’s profit could hit $6.49B. Wall Street now sees 3.23 % EPS growth despite Bank of America Corporation previous quarter’s EPS of $0.62.

Rfg Advisory Group Inc Limited Liability Co owns 19,200 shs or 0.27% of their US capital. Proffitt And Goodson holds 0.58% in Bank of America Corporation (NYSE:BAC) or 47,628 shs. Sector Pension Invest Board stated it has 1.72% of its capital in Bank of America Corporation (NYSE:BAC). Norinchukin Financial Bank The stated it has 0.26% of its capital in Bank of America Corporation (NYSE:BAC). Bouchey Financial Group Ltd accumulated 47,343 shs. Carnegie Capital Asset Mngmt Ltd Liability Corp holds 0.13% of its capital in Bank of America Corporation (NYSE:BAC) for 48,494 shs. Avenir has 1.24M shs. Green Square Capital Ltd Company owns 56,756 shs for 0.25% of their capital. Kepos Ltd Partnership has invested 0.44% in Bank of America Corporation (NYSE:BAC). South Texas Money Management reported 3.05% of its capital in Bank of America Corporation (NYSE:BAC). Grisanti Limited Liability Corporation invested in 0.08% or 6,500 shs. Savant Cap Lc holds 0.39% of its capital in Bank of America Corporation (NYSE:BAC) for 63,106 shs. Ipg Investment Advisors Lc, California-based fund reported 68,388 shs. The California-based Hoertkorn Richard Charles has invested 6.79% in Bank of America Corporation (NYSE:BAC). Kansas-based Waddell And Reed Finance Inc has invested 0.48% in Bank of America Corporation (NYSE:BAC).

Bank of America Corporation (NYSE:BAC) Ratings Coverage

Total analysts of 16 have positions in Bank of America (NYSE:BAC) as follows: 11 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 69%. Since December 5, 2017 according to StockzIntelligence Inc Bank of America has 20 analyst reports. In Monday, April 16 report Jefferies maintained it with “Buy” rating and $3400 target. On Wednesday, April 4 the rating was maintained by Keefe Bruyette & Woods with “Buy”. On Wednesday, December 20 the stock has “Buy” rating by Wells Fargo. The company rating was maintained by Raymond James on Tuesday, December 5. On Friday, January 19 the company was maintained by Sandler O’Neill. On Tuesday, December 12 Keefe Bruyette & Woods maintained the shares of BAC in report with “Buy” rating. The stock rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, April 17. On Wednesday, January 17 the rating was maintained by BMO Capital Markets with “Hold”. In Tuesday, April 24 report Citigroup maintained the stock with “Neutral” rating. On Tuesday, January 9 the stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given by Sandler O’Neill.

For more Bank of America Corporation (NYSE:BAC) news published briefly go to: Benzinga.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Warren Buffett Pushing More Cash To Equities; ‘Big 5’ Stocks Still At The Top” published on May 16, 2018, “Bank Of America: Time To Sell?” on May 08, 2018, “Bank of America affirms gun pledge” with a publish date: May 11, 2018, “Bank of America (BAC) Investor Presentation – Slideshow” and the last “Bank Of America: Tread Carefully” with publication date: April 17, 2018.

Bank of America Corporation (NYSE:BAC) Institutional Investors Chart

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