The Bank of America Corporation (BAC) Receives $22.35 Average PT from Analysts

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26 July, 2017

After having $1.88 EPS previously, Ingredion Inc's analysts see -1.06% EPS growth.

The volume of the particular stock is the shares bought and sold in a single trading day. Analysts anticipate that Bank of America Corporation will post $1.81 earnings per share for the current year. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Barrow Hanley Mewhinney & Strauss reported 2.42% of its portfolio in Bank of America Corp (NYSE:BAC). For the outlook of the current financial quarter, Analysts think the firm will post 0.47 earnings per share. Bank Of America Corp now has $236.56 billion valuation.

Shares of Bank of America Corporation closed the previous trading session at 23.80 down -0.14 -0.58% with 65,922,474 shares trading hands. The company trades on average around 7822000 shares per market session.

Bank of America Corporation (NYSE:BAC) last released its earnings results on Tuesday, July 18th. It has outperformed by 41.94% the S&P500.

Investors sentiment increased to 1.53 in 2016 Q4. Its the same as in 2016Q3. Amp Capital Invsts has invested 0.05% in Weyerhaeuser Co (NYSE:WY). Nj State Employees Deferred Compensation Plan has 0.13% invested in Kohl's Corporation (NYSE:KSS). 679,261 were reported by Heritage Investors Mgmt. Ray Gerald L And Associate Ltd accumulated 1.45% or 452,674 shares. Peapack Gladstone Financial holds 206,366 shares or 0% of its portfolio. Hanseatic Mgmt Ser Inc invested in 4,955 shares.

ILLEGAL ACTIVITY WARNING: "Riggs Asset Managment Co. Inc". Parametric Portfolio Assoc Limited Liability has invested 0.06% in Ingredion Inc (NYSE:INGR). It dived, as 56 investors sold WY shares while 276 reduced holdings.

7/21/2017-Oppenheimer Holdings, Inc. Reiterated Rating of Outperform. International Business Machs (NYSE:IBM) was raised too. The financial services provider reported $0.46 EPS for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.03. Therefore 25% are positive. SeaChange International had 4 analyst reports since July 24, 2015 according to SRatingsIntel. (NASDAQ:EHTH) rating on Friday, June 16.

Market Capitalization can be thought of as the overall price to buy the company. The firm has "Buy" rating given on Monday, October 10 by Jefferies. Citigroup has "Buy" rating and $140 target.

Ingredion Incorporated is an ingredients solutions provider. The company has market cap of $6.42 billion. The Firm makes and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch materials to a range of industries, both domestically and internationally. It has a 21.69 P/E ratio. It operates through four divisions: North America, South America, Asia Pacific, and Europe, Middle East and Africa.

Summit Creek Advisors Llc decreased Wageworks Inc. It also upped Ishares (EWZ) stake by 90,500 shares and now owns 156,960 shares. Bank of America Corporation has an average rating of "Buy" and a consensus price target of $23.74. Therefore 64% are positive. The company has a 50-day moving average price of $23.79 and a 200-day moving average price of $23.63.

Several equities analysts have issued reports on the stock.

Shares of Bank of America Corporation (NYSE:BAC) opened at 23.91 on Tuesday. As per Wednesday, August 10, the company rating was maintained by JMP Securities. The company was upgraded on Tuesday, September 1 by Macquarie Research. Craig Hallum upgraded the stock to "Buy" rating in Friday, April 29 report. The rating was maintained by Jefferies on Tuesday, July 21 with "Buy". Noble Financial downgraded the shares of SEAC in report on Friday, April 8 to "Hold" rating. As per Monday, April 24, the company rating was downgraded by Berenberg. The firm earned "Hold" rating on Tuesday, July 18 by BMO Capital Markets. Keefe, Bruyette & Woods reiterated an "overweight" rating on shares of Bank of America Corporation in a research report on Thursday.

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.09, from 1.01 in 2016Q3. Caisse De Depot Et Placement Du Quebec reported 7.29 million shares or 0.41% of all its holdings. First American Bancorporation reported 0.38% of its portfolio in Bank of America Corp (NYSE:BAC).

Shares of Bank of America Corporation (NYSE:BAC) opened at 23.91 on Tuesday. Virtu Ltd Liability Corporation reported 263,840 shares.

From another technical standpoint, Bank of America Corporation (NYSE:BAC)'s 14-day Relative Strength Index (RSI) has reached 48.47, putting it inside a neutral zone. Beach Invest Lc has invested 3.5% in Bank of America Corp (NYSE:BAC). Bank of America Corporation had a return on equity of 8.11% and a net margin of 20.28%. Nuveen Asset Mngmt Limited Company reported 0.65% stake.

Longer Investments Inc increased Financial Select Sector Spdr F (XLF) stake by 58,460 shares to 142,635 valued at $3.32 million in 2016Q4. Glob Thematic Ptnrs Llc owns 1.80M shares. Azimuth Cap Management Limited Liability stated it has 0.52% in Bank of America Corp (NYSE:BAC). Aqr Capital Management Ltd Limited Liability Company has invested 0.21% in Bank of America Corp (NYSE:BAC). Needham maintained the shares of WAGE in report on Thursday, November 10 with "Buy" rating.

Bank of America Corporation has a consensus outperform rating from 31 Wall Street analysts, and the number of shares now sold short amount to at least 1.15% of shares outstanding.

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