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 past year.
Meanwhile, the Street has continued to highlight financials' strength in 2018 as they benefit from factors including rising interest rates, looser regulation and a refocus on tech titans, tax-cut-fueled stock buybacks and a relative immunity from rising global trade tensions. It has outperformed by 25.88% the S&P500.
(BAC) stake by 8.47% reported in 2017Q4 SEC filing. Bank Amer Corp now has $304.68 billion valuation. The stock decreased 2.77% or $0.85 during the last trading session, reaching $29.8. About 99.25M shares traded or 29.22% up from the average. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 16, 2017 and is uptrending. It has outperformed by 16.63% the S&P500. Bank of America has a fifty-two week low of $22.07 and a fifty-two week high of $33.05. The stock of Esperion Therapeutics, Inc. The company has market cap of $2.01 billion. Lowe Brockenbrough &, a Virginia-based fund reported 17,538 shares. The firm has "Neutral" rating by UBS given on Monday, October 16. The rating was maintained by Barclays Capital on Tuesday, January 3 with "Equal Weight". Capital Invsts owns 34.03 million shs.
Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on April 16, through 11:59 p.m. ET on April 23. This represents a $0.48 dividend on an annualized basis and a yield of 1.61%. Cortland Associate Mo invested in 5,430 shares. 107 funds opened positions while 281 raised stakes. Wealthtrust reported 569 shares stake. Marshall Wace Limited Liability Partnership has 0.03% invested in Netflix, Inc. First Merchants reported 4,905 shares stake. Fsi Group Limited Liability holds 5.05% or 205,841 shares in its portfolio. Mitsubishi Ufj Tru And Banking invested in 0.42% or 1.26 million shares. Aldebaran stated it has 14,387 shs or 0.28% of all its holdings. Earnest Partners Ltd Liability Co reported 238,673 shares stake. 886,928 are held by Thrivent Financial For Lutherans. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.90 and a current ratio of 0.91. Revenue for the January-to-March period totaled $23.1 billion, up from $22.2 billion for the same stretch previous year, and higher than the analysts' forecast.
Rational Advisors LLC trimmed its holdings in shares of Bank of America (NYSE:BAC) by 56.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. They expect $0.59 earnings per share, up 43.90 % or $0.18 from last year's $0.41 per share. BAC's profit will be $6.03B for 12.63 P/E if the $0.59 EPS becomes a reality. Bank of America earned a media sentiment score of 0.16 on Accern's scale.
Broncos cut RB Anderson
The veteran running back broke the 1,000 rushing yard mark for the first time against the Kansas City Chiefs in December. The Broncos had reportedly tried to trade Anderson but chose to release him after multiple failed attempts.
Esperion Therapeutics Inc (ESPR) investors sentiment decreased to 1.33 in Q4 2017.
On 3/1/2018 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. It is positive, as 66 investors sold Bank of America Corporation shares while 561 reduced holdings. 585 grew stakes while 162 funds acquired stakes. Beech Hill Advsr Inc accumulated 105,404 shares or 1.54% of the stock. Virtu Fin Lc has invested 0.49% of its portfolio in Microsoft Corporation (NASDAQ:MSFT).
Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, January 17th. Primecap Mgmt Com Ca holds 0.23% or 10.14 million shares. Farmers And Merchants Invs holds 0.56% or 259,855 shares in its portfolio. The Pennsylvania-based Penn Capital Management Co Inc has invested 0.23% in the stock. During the same period in the previous year, the business earned $0.40 EPS. ValuEngine raised shares of Bank of America from a "hold" rating to a "buy" rating in a report on Friday, February 2nd. Therefore 73% are positive. Bank of America had 20 analyst reports since October 16, 2017 according to SRatingsIntel. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, July 18 report. Utah Retirement Sys has invested 1.12% in Bank of America Corporation (NYSE:BAC). The rating was maintained by Keefe Bruyette & Woods with "Buy" on Tuesday, December 12. On Tuesday, January 9 Sandler O'Neill maintained Bank of America Corporation (NYSE:BAC) rating. Vetr downgraded Bank of America from a "strong-buy" rating to a "buy" rating and set a $33.89 target price for the company.in a research note on Wednesday, January 10th.
A customer uses a Bank of America ATM near the company's headquarters in Charlotte, N.C., Tuesday, July 7, 2015. On Wednesday, November 1 the firm has "Overweight" rating given by JP Morgan.