Bank of America reports strong Q1 results on deposit and loan growth

Bank of America 1Q Equity Trading Increases 38

Shares of JPM closed down 2.7% while WFC sank 3.4% and C fell 1.6%.

The stock of TCL MULTIMEDIA TECHNOLOGY HOLDINGS LTD. (OTCMKTS:TCLHF) registered an increase of 900% in short interest. The SI to TCL MULTIMEDIA TECHNOLOGY HOLDINGS LTD.'s float is 0.25%. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 16, 2017 and is uptrending. It has underperformed by 51.98% the S&P500. Ww Asset Management Incorporated has 0.78% invested in Bank of America Corporation (NYSE:BAC) for 792,256 shares. (BAC)'s stock declined 1.20%. Geode Cap Management Llc holds 103.49 million shares or 1.04% of its portfolio. Personal Capital Advisors Corp acquired a new position in shares of Bank of America during the 3rd quarter worth $311,000.

Bank of America stock traded down $0.85 during mid-day trading on Friday, reaching $29.80.

On 3/12/2018 Donald Alexander Whalen, Director, bought 50,000 with an average share price of $0.03 per share and the total transaction amounting to $1,500.00.

Arlington Value Capital LLC lowered its holdings in Bank of America (NYSE:BAC) by 55.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). BAC outperformed by 16.63% the S&P 500. Asset Mgmt Advsr Limited Liability Corp accumulated 177,550 shares or 4.39% of the stock. It operates through Television and Others divisions. It has a 19.11 P/E ratio. The firm offers 3D and LED TVs, ice screens, and accessories; and DVD players, dockings, and sound bars. Birch Hill Investment Advisors LLC increased its stake in shares of Bank of America by 8.6% in the second quarter. Qualcomm Inc (NASDAQ:QCOM) was raised too.

Broncos to release CJ Anderson
In his five-year Broncos career, Anderson rushed for 3,051 yards on 693 carries (4.4 yards per attempt), and 20 touchdowns. With Anderson gone, only Devontae Booker and De'Angelo Henderson remain on the Denver roster as recognized running backs.

Bank of America (NYSE:BAC) reported Q1 2018 earnings this Morning, coming in at $0.62 per share, beating Wall Street's estimates of $0.59 per Share. Therefore 73% are positive. Bank of America had 109 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, December 5 the rating was maintained by Raymond James with "Buy". The company rating was maintained by Oppenheimer on Monday, March 26. The firm has "Buy" rating given on Wednesday, December 21 by Stifel Nicolaus. Morgan Stanley maintained the stock with "Overweight" rating in Friday, February 2 report. Canandaigua Bancorp & reported 0.5% in Bank of America Corporation (NYSE:BAC). "Buy" rating has 10, "Sell" are 0, while 3 are "Hold". The company was downgraded on Tuesday, September 13 by Societe Generale. Roanoke Asset Mgmt Corp Ny owns 209,189 shares for 2.95% of their portfolio.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide.The company has $304.68 billion market cap. The stock has "Buy" rating by RBC Capital Markets on Wednesday, June 14.

During Q4 2017 the big money sentiment increased to 1.19. This represents a $0.48 annualized dividend and a yield of 1.61%. The ratio increased due to Bank of America Corporation positioning: 66 sold and 561 reduced. 162 funds opened positions while 585 raised stakes. Pennant Management Ltd Co holds 1.89% or 706,721 shares. Kames Cap Public Limited Liability Co holds 2.18 million shares. Aimz Inv Advsrs Limited Liability Corporation holds 0.52% or 23,308 shares in its portfolio. Lowe Brockenbrough &, a Virginia-based fund reported 17,538 shares.

Wells Fargo said it made $5.9 billion in profit, or $1.12 a share, up about 6 percent from $5.6 billion in the same quarter a year ago. Whittier Tru Com holds 0.15% or 145,378 shares. Channing Mngmt Ltd owns 198,390 shares for 0.2% of their portfolio. Hollow Brook Wealth Lc reported 5.07% stake. A D Beadell Invest Counsel holds 1.53% in Bank of America Corporation (NYSE:BAC) or 63,075 shares.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Related News:

  • Million Eggs Recalled, Salmonella Fears

    Million Eggs Recalled, Salmonella Fears

    The FDA, urges you to stop using the recalled eggs right away and return them to the store you bought them from for a full refund. The affected eggs should be labelled with plant number P-1065, with a packaging date of 011 through 102 printed on the packaging.

    "Full House" Actor John Stamos Announces Birth Of His First Child

    She described it as the look of a man who wanted to be a father his whole life but thought the moment had passed. Stamos writes, "From now on, the best part of me will be my wife and son". "I always wanted to be a dad".
    Inmates Killed, 17 Injured in South Carolina Prison Riot

    Inmates Killed, 17 Injured in South Carolina Prison Riot

    One of South Carolina's most risky prisons has been secured after state police were called out to a disturbance. Four inmates were killed by a pair of prisoners in the state's Kirkland Correctional Institution previous year .
  • Beyoncé Becomes First Black Female to Headline Coachella

    Beyoncé Becomes First Black Female to Headline Coachella

    During her two-hour set, Bey managed four separate wardrobe changes and killed all of them in heels. Beyoncé took to the stage during Day 2 of Coachella and she basically slayed our entire existence.

    Citigroup Increases BHP Billiton (BLT) Price Target to GBX 1600

    Jensen Investment Mgmt Inc invested in 1.52 million shares or 2.93% of the stock. (NASDAQ:AMZN) rating on Tuesday, May 3. Goldman Sachs upgraded BHP Billiton from a sell rating to a neutral rating in a research note on Wednesday, March 14th.

    IShares MSCI Spain Capped (EWP) Rises 0.36% for April 15

    On Tuesday, March 20 the stock of ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH) has "Buy" rating given by Sandler O'Neill. The company had revenue of $334.80 million during the quarter, compared to analysts' expectations of $333.68 million.
  • Tesla CEO Misled Investors, Says Shareholder Lawsuit

    Tesla CEO Misled Investors, Says Shareholder Lawsuit

    The auto manufacturer's stock had dropped to just above $252 on April 2, after hitting $385 several months earlier in September. Tesla , Inc. (NASDAQ: TSLA ) closed up +6.26 points or 2.13% at $300.34 with 7.31 mln shares exchanging hands.
    Mecca Masjid blast case: All accused acquitted by special NIA court

    Mecca Masjid blast case: All accused acquitted by special NIA court

    Naba Kumar Sarkar, Devendra Gupta, Lokesh Sharrma, Bharat Mohanlal Rateshwar a.k.a Bharat Bhai and Rajendra Choudhary. The firebrand MP alleged that the Modi government did not even appeal against the bail given to the accused earlier.
    Missile strikes on Syria justified, not connected to Assad's removal: Johnson

    Missile strikes on Syria justified, not connected to Assad's removal: Johnson

    But Johnson stressed the "overwhelming purpose" of the mission was a response to a series of chemical attacks in recent years. I'm afraid the Syrian war, in many ways, will go in its awful , miserable way.
  • Vincent Kompany delivers epic victory speech to Manchester City fans and players

    Vincent Kompany delivers epic victory speech to Manchester City fans and players

    It is the third time in seven seasons City have won the title, and the first in Pep Guardiola's reign. I have seen many teams win it as champions for the whole season, and it's the first case for us.
    Schalke beats Dortmund 2-0 for 1st Ruhr derby win since 2014

    Schalke beats Dortmund 2-0 for 1st Ruhr derby win since 2014

    Batshuayi is now on loan at Bundesliga club Borussia Dortmund and was stretchered off in a 2-0 defeat to Schalke on Sunday. Schalke picked up a good win over Borussia Dortmund in the Revierderby in Sunday's Bundesliga action.
    Crawfordville woman accused of letting toddler smoke meth, marijuana

    Crawfordville woman accused of letting toddler smoke meth, marijuana

    The accused was identified as 20-year-old Kaitlyn Ecker from Wakulla, a county in Florida , and is facing charges of child abuse. While the injury was deemed an accident, police investigated Payne after she appeared to be under the influence of drugs.


Most liked

China's Weibo to ban gay, violent content from microblogging platform
In response to the online protests, Weibo announced on Monday that LGBT content would be exempt from censorship. Another wrote: "I am gay and I'm proud, even if I get taken down there are tens of millions like me".

18:44Three Policemen Injured in Clashes With Protesters in Yerevan
Unlike previous post-Soviet presidents in Armenia, Armen Sarkisian was elected by parliament instead of by popular vote. Despite the protests, Serzh Sargsyan was nominated for PM by the ruling Republican Party on Saturday.

Man City wins Premier League after United loses to West Brom
Manchester City players chose to celebrate their Premier League title win in a local pub with their faithful supporters on Sunday. They clinched the silverware 24 hours later thanks to Albion forward Jay Rodriguez's 73rd minute header at Old Trafford .

Russian Federation to ban instant messaging app, Telegram after highly successful ICO
Telegram has over 9.5 million users in Russian Federation , according to researcher Mediascope. Some Russian internet providers began blocking Telegram on Monday afternoon.

Aelf (ELF) targets $1.089 while having -0.03% fall for a day
One Loopring token can now be bought for $0.63 or 0.00007940 BTC on major exchanges including OKEx, Binance, Gate.io and HitBTC. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Loopring using one of the aforementioned exchanges.

Russian Federation to make 'every effort' to improve political relations with West: Moscow
United Nations ambassador Nikki Haley. "When our president draws a red line, our president enforces the red line", Haley stressed. Britain believes "that is wholly within the principles and practices of the United Nations", she said.

Servier to buy Shire's oncology business for $2.4bn
Servier also gets the experimental drug calaspargase pegol for leukaemia and an early-stage immuno-oncology pipeline. This development, however, complicates a prospective takeover by Japan's Takeda.

Kingdom Hearts 3 May Arrive With Multiple Endings!
Fans have been waiting for the release of the upcoming title ever since it was announced in 2013 for Xbox One and PlayStation 4. A new trailer has revealed that Kingdom Hearts 3 will include a collection of Game & Watch-like minigames.

Woolworths hit with technical outage, checkouts unable to process sales
Woolworths stores across the country have had to shut down registers and are unable to make sales. Woolworths eventually confirmed the outage, apologising for the inconvenience via Twitter .

Several inmates killed at SC prison after hours of fighting
An inmate was killed during a fight in July 2017 , another was stabbed to death in November , and a third was killed in February . Of South Carolina's nine all-male, maximum-security prisons, Lee Correctional Institution is the largest.

Russian Federation may be entrapping Trump: Ex-FBI chief Comey
In the book, Comey compares Trump to a mafia don and calls his leadership of the country "ego driven and about personal loyalty". But having helped deliver the Trump presidency, Comey is now going out of his way to deliver the Trump impeachment proceedings.

India's wholesale inflation softens to 2.47 percent
However, the price of raw silk, mesta and hides, sunflower, soyabean, fodder, raw wool, coir fibre and raw rubber all moved up. The inflation data for January was revised upwards to 3.02 per cent from the provisional estimate of 2.84 per cent.

Malema's scuffle with security at Mama Winnie's funeral
Malema also said that Ramaphosa was Madikizela-Mandela's President and not Zuma, who had ignored her. Julius Malema at the funeral of Winnie Madikizela-Mandela at Orlando Stadium.

IMD forecasts 97% normal monsoon for 2018
A normal south-west monsoon bodes well for the Indian economy and is likely to boost rural demand and alleviate farm distress. Private weather forecasting agency Skymet has said rainfall in 2018 will be normal at 100 per cent of the LPA.

New XZ2 Premium has Sony's brightest ever 4K HDR smartphone screen
Talking about the specifications, there is a 5.8-inch 4K (2160 x 3840) display on the front with HDR playback support. That, Sony promises, is the sort of sensitivity that until now would have required an interchangeable-lens camera.