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

Bank of America CEO Brian T. Moynihan

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.

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.

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.

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