Bank of America beats, delivers a record quarter (BAC)

Bringing Costs Down       Bank of America posted its lowest expense-to-revenue ratio in years              Source Company filings

Bringing Costs Down Bank of America posted its lowest expense-to-revenue ratio in years Source Company filings

Its down 0.06, from 0.83 in 2017Q3. (BAC)'s stock declined 1.20%. Canada Pension Plan Investment Board now owns 40,159,612 shares of the financial services provider's stock valued at $1,017,645,000 after purchasing an additional 4,801,300 shares during the period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business.

Like other large banks, Bank of America enjoyed a lift from higher interest rates, which enables financial institutions to score increased profits from the margin between its deposits and loans.

Stillwater Investment Management Llc increased Bank Of America Corp (BAC) stake by 52% reported in 2017Q4 SEC filing. Vetr downgraded shares of Bank of America from a "buy" rating to a "hold" rating and set a $34.13 price target on the a report on Monday, March 12th. Consolidated Invest Gp reported 397,513 shares. The new policy made Bank of America one of several US financial institutions to break ties with gunmakers following the February 14 mass shooting massacre at Marjory Stoneman Douglas High School in Parkland, Florida. The stock had a trading volume of 99,254,533 shares, compared to its average volume of 69,778,968. Barclays upped their price target on shares of Bank of America from $28.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 2nd. BAC outperformed by 16.63% the S&P 500. Therefore 77% are positive. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Monday, October 16. On Thursday, December 21 the company was maintained by Keefe Bruyette & Woods. The firm earned "Buy" rating on Wednesday, April 4 by Keefe Bruyette & Woods. On Tuesday, August 18 the stock rating was maintained by RBC Capital Markets with "Buy".

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During Q4 2017 the big money sentiment increased to 1.19. This represents a $0.48 dividend on an annualized basis and a yield of 1.61%. It increased, as 66 investors sold BAC shares while 561 reduced holdings. 585 grew positions while 162 funds bought positions. Beaumont Fincl Ptnrs Limited Liability Company invested in 0.02% or 6,874 shares. Chickasaw Mgmt Llc invested 0% of its portfolio in Bank of America Corporation (NYSE:BAC). Dowling Yahnke Ltd Co invested 0.87% in Bank of America Corporation (NYSE:BAC). Tokio Marine Asset Limited has invested 0.26% of its portfolio in Bank of America Corporation (NYSE:BAC). Park Corporation Oh reported 1.51% of its portfolio in Bank of America Corporation (NYSE:BAC). Destination Wealth accumulated 13,323 shares.

TRADEMARK VIOLATION WARNING: "Bank of America (BAC) Position Reduced by Honkamp Krueger Financial Services Inc." was posted by Macon Daily and is the property of of Macon Daily. Moreover, Horizon Kinetics Limited Liability Corporation has 0.04% invested in Bank of America Corporation (NYSE:BAC) for 49,400 shs. Regal Invest Advisors Ltd Company invested 0.4% in Bank of America Corporation (NYSE:BAC).

Redwood Cap Mngmt Ltd holds 872,400 shs. Peoples Corporation holds 0.15% or 9,125 shares. (NASDAQ:NFLX). Rfg Advisory Group Ltd Liability holds 0.14% or 1,400 shares in its portfolio. After $0.96 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth. Independent Investors Inc holds 17,587 shares or 0.2% of its portfolio. They expect $-1.45 EPS, up 19.44% or $0.35 from last year's $-1.8 per share. About 19.71 million shares traded. It is down 0.00% since April 16, 2017 and is. It has underperformed by 51.98% the S&P500. Jacobs Co Ca owns 14,124 shares or 0.08% of their United States portfolio. On Tuesday, December 5 the company was maintained by Raymond James. Lakeview Limited Liability Company, Georgia-based fund reported 22,686 shares.

Only Wells Fargo broke the trend after the San Francisco-based banking giant on Friday disclosed that it could face $1 billion in collective penalties from two regulators for abuses in mortgages and auto loans, as well as compliance oversight issues. The firm provides predictive behavioral routing and workstyle, performance management, quality assurance, predictive analytics, and marketing managed services that analyzes and predicts customer behavior based on the language exchanged between agents and clients during brand interactions to enhance customer satisfaction and retention, employee engagement, and operating efficiency.

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