Earnings Reaction History: Bank of America Corporation, 33.3% Follow-Through Indicator, 1.5% Sensitive

Bank of America profit rises 15% on lower costs

Bank of America's third-quarter profit rises 13 percent

Bank of America Corporation has a 12 month low of $15.90 and a 12 month high of $26.30. -Earnings Growth (Y-o-Y): 15.1% -EPS (Q3): $0.48 vs. $0.41 previous year.

BAC has been the subject of a number of other reports.

Bank of America's quarterly return on equity was 8.1%, up from the prior quarter and better than rival Citigroup Inc.'s, though below J.P. Morgan Chase & Co.'s and the bank's 10% theoretical cost of capital.

After an initial lift from last November's election, Bank of America shares climbed 4.6% in the past month.

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. Bank of America had 86 analyst reports since July 21, 2015 according to SRatingsIntel. Spirit Of America Mgmt New York holds 0.11% in Bank of America Corp (NYSE:BAC) or 42,300 shares. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. The stock has "Neutral" rating by UBS on Wednesday, August 26.

TRADEMARK VIOLATION WARNING: This report was first published by Week Herald and is owned by of Week Herald. If you are accessing this report on another publication, it was stolen and republished in violation of United States & worldwide copyright laws. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Investorplace.com and their article: "What You Need to Know About Bank of America Corp (BAC) Stock Ahead of Earnings" published on October 12, 2017 as well as Seekingalpha.com's news article titled: "Bank of America has been caught in a tightly defined trading range." with publication date: October 04, 2017. Bank of America Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Bramble Frank P has sold 86,763 shares of Bank of America Corporation (BAC) in trading session dated August 10, 2017. The company's 50-day moving average is $24.65 and its 200 day moving average is $23.91.

Bank of America also got an important vote of confidence in August when Warren Buffett's Berkshire Hathaway Inc. officially became the bank's largest shareholder, a result of an investment Berkshire initially made in 2011. Analysts' estimates typically exclude special items.

Revenues edged up 0.9 percent to $21.8 billion.

Now insiders hold 15,342,468 shares in the business which makes up 0.15% of shares. Its down 0.03, from 1.15 in 2017Q1. This represents a $0.48 annualized dividend and a yield of 1.89%. The company was maintained on Wednesday, August 30 by Needham. Bank of America Corporation's payout ratio is 28.57%. Duncker Streett And Company holds 109,724 shares or 0.83% of its portfolio. This company shares are 6.95% off its target price of $27.22 and the current market capitalization stands at $264.2B. The shares price has positioned 5.12% up over the past quarter while it has directed 13.92% toward a rising position throughout past six months. The stock has a beta value of 1.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The stock was last seen -1.47% lower, reaching at $25.45 on 10/12/2017. 120 funds opened positions while 577 raised stakes. LLC raised its holdings in Bank of America Corporation by 2.1% during the second quarter. YHB Investment Advisors Inc. boosted its stake in Bank of America Corporation by 17.2% during the 2nd quarter. About 6,257 shares traded. Waldron LP boosted its stake in Bank of America Corporation by 112.2% during the 1st quarter. Signature Est And Inv Ltd Liability Com owns 710,770 shares or 2.04% of their U.S. portfolio. LLC now owns 1,000,680 shares of the financial services provider's stock worth $24,277,000 after acquiring an additional 20,967 shares in the last quarter. Analysts have a mean recommendation of 2.10 on this stock. 36,639 are held by Lincoln National Corporation.

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