Bank of America Corporation (BAC) Upgraded to Strong-Buy by Vetr Inc

Bank of America Corporation declared that its Board of Directors has initiated a stock buyback program on Wednesday, June 28th that allows the company to buyback $12.00 billion in outstanding shares.

Bank of America Corporation most recently reported earnings per share (EPS) of $0.46 for the June 2017 versus $0.37 in the same quarter a year ago, representing 24% growth. About 24.95 million shares traded.

According to Zacks brokerage recommendations, Bank of America Corporation (NYSE:BAC)'s Buy count is 2 and Strong Buy is 9 while the number of analysts recommending Sell and Strong Sell are 0 and 8, respectively. It has outperformed by 41.94% the S&P500.

Rockshelter Capital Management Llc decreased its stake in Packaging Corp Of America (PKG) by 20.53% based on its latest 2016Q4 regulatory filing with the SEC. Atria Investments Llc bought 29,150 shares as the company's stock declined 15.13% while stock markets rallied. The company has market cap of $6.13 billion. The stock rose 0.82% or $0.91 reaching $112.05. Packaging Corp Of America (NYSE:PKG) has risen 54.92% since August 31, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Investors sentiment increased to 1.1 in Q4 2016. Stockholders of record on Friday, September 1st will be issued a $0.12 dividend. It improved, as 62 investors sold BAC shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. Sun Life Inc holds 0% of its portfolio in Bank of America Corp (NYSE:BAC) for 120 shares. Capital Ww reported 107.57 million shares. Smead Capital Management Inc sold 672,199 shares as Bank Amer Corp (BAC)'s stock declined 6.00%. Univest Corp Of Pennsylvania reported 0.12% stake. Daiwa Securities Group Incorporated has invested 0.1% in Bank of America Corp (NYSE:BAC). Parkside Bancorp And has 27,546 shares for 0.27% of their portfolio. Eagle Ridge Investment Management has 1.63% invested in Bank of America Corp (NYSE:BAC) for 354,220 shares. Viking Investors LP reported 9.43M shares. Aull And Monroe Inv Mgmt Corporation has 77,612 shares for 0.96% of their portfolio. Blackrock Advisors Ltd reported 90.06 million shares. The percentage of shares being held by the company management was 0.1% while institutional stake was 71.5%. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by RBC Capital Markets on Wednesday, April 5. Bank of America Corporation (NYSE:BAC) recently traded as high as $24.04. Therefore 66% are positive. The firm has "Buy" rating by Jefferies given on Tuesday, June 6. The stock has "Hold" rating by Deutsche Bank on Wednesday, August 10. Barclays Capital has "Equal Weight" rating and $26 target. Citigroup maintained Bank of America Corp (NYSE:BAC) rating on Wednesday, January 11. The firm has "Buy" rating by Robert W. Baird given on Tuesday, September 1.

Bank of America Corporation is a bank holding firm and a financial holding company. Jefferies maintained the shares of BAC in report on Friday, July 7 with "Buy" rating. The rating was maintained by Jefferies on Wednesday, October 7 with "Buy".

Among 33 analysts covering Schlumberger Limited. The firm has "Hold" rating given on Thursday, December 1 by Standpoint Research. Therefore 36% are positive. The company was maintained on Sunday, August 13 by Keefe Bruyette & Woods. The firm has "Hold" rating given on Tuesday, July 18 by BMO Capital Markets. The rating was maintained by Piper Jaffray on Thursday, July 20 with "Buy". Mizuho maintained L Brands Inc (NYSE:LB) rating on Friday, February 3. Monness Crespi & Hardt maintained the shares of MAT in report on Thursday, January 26 with "Buy" rating. FBR Capital maintained it with "Outperform" rating and $107 target in Wednesday, February 22 report.

Cobblestone Capital Advisors Llc, which manages about $1.26 billion and $724.65 million US Long portfolio, upped its stake in Ishares Edge Msci Usa Momentum (MTUM) by 4,452 shares to 133,867 shares, valued at $10.16 million in 2016Q4, according to the filing. Carret Asset Management LLC now owns 181,875 shares of the financial services provider's stock worth $4,290,000 after buying an additional 22,151 shares in the last quarter.

Investors sentiment decreased to 1.04 in Q4 2016. Its up 0.04, from 0.98 in 2016Q3. It is negative, as 65 investors sold SLB shares while 567 reduced holdings. 59 funds opened positions while 159 raised stakes. 323.62 million shares or 2.64% more from 315.31 million shares in 2016Q3 were reported. Arizona State Retirement invested in 0.08% or 79,635 shares. Following the completion of the transaction, the director now owns 50,000 shares in the company, valued at approximately $1,208,000. Nokota Management Limited Partnership has 359,500 shares. Hanson Doremus Invest holds 16,684 shares. Northwest Investment Counselors LLC purchased a new stake in shares of Bank of America Corporation during the second quarter worth about $100,000. Ridgeworth Ltd Liability Corp stated it has 418,295 shares. Gamco Invsts Inc Et Al holds 0.05% or 95,146 shares. Voloridge Investment Mngmt Limited Liability Co accumulated 5.51 million shares. Nordea Invest has invested 0% in Mattel, Inc. Hartford Invest Mgmt Com holds 0.56% or 356,030 shares in its portfolio. (NASDAQ:MAT). Thompson Davis & has invested 0.02% in Mattel, Inc. Greylin Investment Mangement Inc accumulated 450,820 shares. Fort Washington Inv Advsrs Oh has 1.24% invested in Schlumberger Limited. The most recent short interest data show 1% of the company's stock are short sold. More interesting news about Mattel, Inc.

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