Bank of America Corporation (BAC) Earns "Buy" Rating from Oppenheimer Holdings, Inc

By Dan Freed and Nikhil Subba

All three banks are outperforming the S&P 500 for year to year performance, with Bank of America on top out of the three major banks. It indicates oversold and overbought price levels for a stock.

Other equities research analysts have also issued reports about the company. Baird reiterated a hold rating and set a $24.00 price target on shares of Bank of America Corporation in a research report on Sunday, October 1st. Citigroup reported revenue of $18.2 billion and an EPS of $1.42. BMO Capital Markets maintained it with "Hold" rating and $27.0 target in Friday, October 6 report. Waldron LP now owns 24,550 shares of the financial services provider's stock valued at $578,000 after purchasing an additional 12,978 shares during the period.

Among 23 analysts covering Anthem Inc (NYSE:ANTM), 10 have Buy rating, 0 Sell and 13 Hold. Stellar Cap Mgmt Lc holds 3.91% of its portfolio in Bank of America Corp (NYSE:BAC) for 221,843 shares. The company was maintained on Tuesday, July 18 by RBC Capital Markets.

Bank of America, the second-largest US bank by assets, employs about 15,000 in Charlotte.

As it reflects the theoretical cost of buying the company's shares, the market cap of Bank of America Corporation (NYSE:BAC) is now rolling at 268.14B, making it one of the key stocks in today's market.

Analysts expect Public Storage (NYSE:PSA) to report $2.61 EPS on October, 25.They anticipate $0.10 EPS change or 3.98% from last quarter's $2.51 EPS. The firm had revenue of $22.80 billion during the quarter, compared to the consensus estimate of $21.84 billion.

Revenues in the closely watched fixed income, currency and commodities business fell 22 percent. The company's revenue for the quarter was up 7.1% on a year-over-year basis. Bank of America Corporation has a 1-year low of $15.90 and a 1-year high of $26.30.

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Guy Shahar decreased its stake in Bank Amer Corp (BAC) by 87.36% based on its latest 2017Q2 regulatory filing with the SEC.

COPYRIGHT VIOLATION WARNING: This report was originally published by StockNewsTimes and is the property of of StockNewsTimes.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $264.20B. Spc Financial accumulated 10,825 shares or 0.07% of the stock.

The dividend for the corporation to company shareholders is rolling at 1.86% with a payout ratio of 16.80%. Stockholders of record on Friday, September 1st were paid a $0.12 dividend. The rate the bank paid on USA interest-bearing deposits was 0.24%, compared with a rock-bottom 0.11% in the prior quarter. The ex-dividend date of this dividend was Wednesday, August 30th. Its down 0.07, from 1.07 in 2017Q1. Bank of America Corporation's dividend payout ratio is now 28.57%. The stock was sold at an average price of $24.16, for a total value of $2,096,194.08. The stock rose 1.20% or $0.31 reaching $25.74 per share. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Northwest Invest Counselors Limited Liability Com has 4,125 shares for 0.05% of their portfolio.

As of now, Bank of America Corporation has a P/S value of 5.03, measuring P/B at 1.05. Company's sales growth for the past five years is valued at -5.10%, leading it to the present-day share price of $25.49. Welch Group LLC grew its holdings in Bank of America Corporation by 0.4% during the first quarter. APG Asset Management N.V. now owns 30,054,575 shares of the financial services provider's stock worth $729,124,000 after acquiring an additional 3,868,186 shares in the last quarter. For the quarter, shares are performing at 83.33%. Finally, Arbor Investment Advisors LLC increased its position in Bank of America Corporation by 0.3% in the second quarter. Legal & General Group Plc now owns 49,789,644 shares of the financial services provider's stock worth $1,174,642,000 after acquiring an additional 380,726 shares in the last quarter. However, the institutional investors are observed to own 70.10% of the total shares.

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