Bank of America reports higher earnings, continues upbeat reports by U.S. banks

Bank of America hits profit high — but investment bank stumbles

Bank Of America Earnings Growth Stronger Than Expected In Q1

During Q4 2017 the big money sentiment increased to 1.19. Its up 0.19, from 1.12 in 2017Q3. It is positive, as 66 investors sold Bank of America Corporation shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. Independent Investors Inc holds 17,587 shares or 0.2% of its portfolio. Yorktown Mngmt And Rech Inc holds 0.6% or 71,000 shs. The Texas-based Covenant Multifamily Offices Lc has invested 0.01% in Bank of America Corporation (NYSE:BAC). Channing Mngmt Ltd owns 198,390 shares for 0.2% of their portfolio. Pure Financial Advsr invested in 0.08% or 11,547 shs. 68,388 were accumulated by Ipg Investment Ltd Limited Liability Company. Credit Suisse's Susan Roth Katzke, who has always been bullish on big banks, reiterated an Outperform rating and $36 price target on Bank of America shares today, writing that the quarter was "solidly positive and supportive" of her optimism about the shares. Trust Company Of Vermont holds 41,300 shs or 0.11% of its capital.

Stevens Capital Management Lp, which manages about $6.88B and $2.58 billion US Long portfolio, upped its stake in Vornado Rlty Tr (NYSE:VNO) by 121,527 shares to 124,746 shares, valued at $9.75 million in 2017Q4, according to the filing. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,400 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 36 million active users, including approximately 25 million mobile users. Commonwealth Savings Bank Of Aus stated it has 1.54M shs. Missouri-based Confluence Investment Ltd Liability has invested 0% in Bank of America Corporation (NYSE:BAC). (NYSE:THO). 4.02M are held by Blackrock. During the same period last year, the firm posted $0.40 earnings per share. research analysts anticipate that Bank of America will post 2.5 earnings per share for the current fiscal year. The consensus estimate for second-quarter EPS is $0.64 on revenues of $23.173 billion. -EPS (Q1): $0.62 vs. $0.45 past year. BAC is uptrending and has moved 28.18% since April 16, 2017. It has outperformed by 16.63% the S&P500. Ww Asset Management Incorporated has 0.78% invested in Bank of America Corporation (NYSE:BAC) for 792,256 shares. The positive are 77%.

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1Q was "largely in line", as lower-than-est. provisioning and slightly higher fees offset higher expenses. Bank of America has $37 highest and $24.0 lowest target. American River Bankshares had 5 analyst reports since January 29, 2016 according to SRatingsIntel. As per Friday, January 19, the company rating was maintained by Sandler O'Neill. The rating was maintained by JP Morgan on Wednesday, November 1 with "Overweight". Nine equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Raymond James maintained the stock with "Buy" rating in Tuesday, December 5 report. As per Wednesday, January 17, the company rating was maintained by BMO Capital Markets. The stock has "Buy" rating by Wells Fargo on Wednesday, December 20.

The bank said it is looking to widen its reach and bolster the consumer side of its business even further by opening branches in Cleveland, Columbus, Denver, Lexington, Pittsburgh, Minneapolis-St. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.

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