Bank of America Corporation Announces 15% Increase In Q3 Earnings

Wells Fargo

Bank of America Corp (NYSE:BAC) has risen 58.64% since October 13, 2016 and is uptrending.

The bank reported a net income of $5.6 billion, a 13 percent increase year over year, or an EPS increase of $0.48 per share, a 17 percent increase year over year. Bank Amer Corp now has $270.20 billion valuation. The company has a market capitalization of $267.64 billion, a price-to-earnings ratio of 15.16 and a beta of 1.25. M Holdings Securities Inc. now owns 95,018 shares of the financial services provider's stock worth $2,242,000 after purchasing an additional 40,069 shares during the last quarter. About 103.61 million shares traded or 51.68% up from the average. NetGear, Inc. (NASDAQ:NTGR) has risen 2.67% since October 13, 2016 and is uptrending. It has outperformed by 27.03% the S&P500.The move comes after 5 months positive chart setup for the $90.03B company. Also published the news titled: "Form 4 NETGEAR, INC For: Oct 10 Filed by: WERDANN MICHAEL A" on June 06, 2017. We have $52.75 PT which if reached, will make NYSE:RIO worth $5.40B more. Arlington Value Cap Ltd Liability Corp holds 1.23 million shares. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Therefore 66% are positive. Finally, Royal Bank Of Canada reissued a "buy" rating and issued a $26.00 price target on shares of Bank of America Corporation in a report on Thursday, July 20th. BMO Capital Markets has "Hold" rating and $2700 target. Citigroup reported revenue of $18.2 billion and an EPS of $1.42. The company was upgraded on Tuesday, September 1 by KBW. On Friday, August 18 the stock rating was maintained by Jefferies with "Hold". Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 0.53% and standing 3.87% away from 50-Day Simple Moving Average while traded up 6.81% from 200-Day Simple Moving Average. The rating was maintained by Robert W. Baird with "Hold" on Friday, September 29. The firm earned "Buy" rating on Tuesday, May 10 by Chardan Capital Markets.

Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. Shareholders of record on Friday, September 1st were paid a dividend of $0.12 per share. Tarbox Family Office Inc. now owns 4,809 shares of the financial services provider's stock worth $117,000 after purchasing an additional 21 shares during the period. 120 funds opened positions while 577 raised stakes. Adell Harriman And Carpenter accumulated 17,620 shares or 0% of the stock. Following the completion of the sale, the director now owns 50,000 shares in the company, valued at approximately $1,208,000. The stock's short float is around of 1.02% and short ratio is 1.61.

Shares of Bank of America Corporation (NYSE:BAC) opened at 25.45 on Friday. Keefe Bruyette & Woods maintained Bank of America Corp (NYSE:BAC) on Tuesday, June 6 with "Buy" rating.

'Breaking Bad' house owners build fence to prevent trespassers
Joanna Quintana, the daughter of the homeowner, told KOB4 on Tuesday she lost count of the tourists that come to the house. Breaking Bad fans from all over the world want to see where Walter White lived, but their view is about to be blocked.

Corvex Management Lp decreased Platform Specialty Prods Cor (NYSE:PAH) stake by 2.67 million shares to 7.96M valued at $100.92M in 2017Q2. Axa holds 0.35% or 3.17M shares in its portfolio. Cibc World owns 2.43 million shares for 0.25% of their portfolio. Federated Pa accumulated 123,434 shares.

In other news, Director Frank P. Bramble sold 86,763 shares of the firm's stock in a transaction on Thursday, August 10th. Sound Shore Mgmt Ct has 3.59% invested in Bank of America Corp (NYSE:BAC). The Texas-based Ray Gerald L & Associates has invested 1.44% in Bank of America Corp (NYSE:BAC). 72,084 are owned by Centurylink Mngmt Co. Smith Moore, a Missouri-based fund reported 9,038 shares.

Rio Tinto plc is a mining and metals company. The company holds 10.38 billion outstanding shares and 10.38 billion shares are floating in market. The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space.

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