Mengis Capital Management Inc. Buys 6415 Shares of Bank of America (BAC)

Bank of America hits profit high — but investment bank stumbles

Oregon Public Employees Retirement Fund Stake in Bank Of America Corp (BAC) Decreased by $15.20 Million as Shares Declined

Grassi Investment Management increased its stake in Bank Of America (BAC) by 3.39% based on its latest 2017Q4 regulatory filing with the SEC.

Shares of the second-largest USA bank by assets rose 1 per cent in premarket trading. Bank Amer Corp now has $304.68 billion valuation. About 99.25 million shares traded or 29.22% up from the average. It is down 0.00% since April 16, 2017 and is. BAC outperformed the S&P 500 by 16.63%. Finally, Zacks Investment Research upgraded Bank of America from a "hold" rating to a "buy" rating and set a $33.00 target price for the company in a research note on Tuesday, January 2nd. Therefore 67% are positive.

Bank of America's global markets business experienced similar trends to other large banks that reported last week, with equity trading surging higher and offsetting weakness in fixed income and currency trading. The company now has an average rating of "Buy" and an average price target of $30.97. The rating was maintained by BMO Capital Markets with "Hold" on Wednesday, August 23. The stock of Bank of America Corporation (NYSE:BAC) has "Neutral" rating given on Tuesday, April 4 by Citigroup. The stock of Bank of America Corporation (NYSE:BAC) earned "Hold" rating by Societe Generale on Tuesday, September 13. On Tuesday, December 12 the firm has "Buy" rating by Keefe Bruyette & Woods given. On Wednesday, November 1 the firm has "Overweight" rating given by JP Morgan. Nine research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Raymond James maintained the stock with "Buy" rating in Tuesday, December 5 report. This represents a $0.48 annualized dividend and a yield of 1.61%. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds amassed positions and 585 increased positions. Btr stated it has 23,454 shares. 17 are the (NYSE:BAC)'s analyst reports since October 31, 2017 according to StockzIntelligence Inc. "Buys 6,415 Shares of Bank of America (BAC)" was originally reported by Macon Daily and is the property of of Macon Daily.

Earnings report for Bank of America Corporation (NYSE:BAC) is awaited On April, 17., as reported by RTT. 1ST Source Bank increased its stake in shares of Bank of America by 4.8% in the 3rd quarter. 56,756 were reported by Green Square Limited Liability. Leisure Mngmt accumulated 0.3% or 12,148 shares.

NYSE BAC opened at $29.80 on Friday. Morgan Stanley maintained Bank of America Corporation (NYSE:BAC) on Friday, February 2 with "Overweight" rating. Regal Invest Advisors Ltd Company invested 0.4% in Bank of America Corporation (NYSE:BAC). Amica Retiree Med holds 0.79% or 35,270 shs in its capital. Regal Investment Advsrs Ltd Liability stated it has 0.4% in Bank of America Corporation (NYSE:BAC). The institutional investor held 1.07 million shares of the prepackaged software company at the end of 2017Q4, valued at $91.50 million, down from 1.09M at the end of the previous reported quarter.

Bank of America (NYSE:BAC) last announced its earnings results on Wednesday, January 17th. The stock decreased 0.89% or $0.97 during the last trading session, reaching $107.55. About 34,832 shares traded. Thor Industries, Inc. (NYSE:THO) has risen 15.62% since April 16, 2017 and is uptrending. It has underperformed by 51.98% the S&P500. Finally, Victory Capital Management Inc. raised its holdings in shares of Bank of America by 75.3% in the third quarter. Birch Hill Investment Advisors LLC increased its stake in shares of Bank of America by 8.6% in the second quarter. Investors of record on Friday, March 2nd were issued a dividend of $0.12 per share. The institutional investor owned 58,754 shares of the financial services provider's stock after buying an additional 3,557 shares during the period. The hedge fund run by Scott Burney held 5.00M shares of the major banks company at the end of 2017Q4, valued at $108.18 million, up from 2.44M at the end of the previous reported quarter. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,400 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 36 million active users, including approximately 25 million mobile users.

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