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 Streetinsider.com 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.

Related news:

Hot News

isis-killer-beheading-video-story-top Iran thrash Costa Rica to advance as Group C winners
Oct 14, 2017 - 00:28
He had a very, very good game and the other, Yann Bisseck, a great defender, made no mistakes, or probably he made one. The pitch is a little different. "We want to make the best out of the players".

isis-killer-beheading-video-story-top Kick Off Friday 13th With Spooky New 'Stranger Things' Trailer
Oct 14, 2017 - 00:26
Newly added cast members include Paul Reiser , Sean Astin , Linnea Berthelsen, Sadie Sink and Dacre Montgomery , among others. Elsewhere in the exciting trailer, Eleven's (Millie Bobby Brown ) transformation was finally revealed.

isis-killer-beheading-video-story-top Republican Collins will stay in US Senate, focused on healthcare
Oct 14, 2017 - 00:26
Her decision Friday will likely free more gubernatorial candidates who have been waiting on the sidelines to enter the race. GORHAM (AP) - A prominent ME businessman has joined the Republican Party as he considers a second bid for governor.

isis-killer-beheading-video-story-top Astros starting Keuchel in Game 1, Verlander in Game 2
Oct 14, 2017 - 00:22
The Astros are going with 12 pitchers and 13 position players for the best-of-seven series that starts Friday at Minute Maid Park. It will be a challenge for the 25-year-old MVP co-favorite to rediscover his swing in such a short amount of time.

isis-killer-beheading-video-story-top Oculus Unveils Its Budget Virtual Reality Headset
Oct 14, 2017 - 00:22
To achieve that goal, Zuckerberg has to figure a way for people to be able to move while using the premium, standalone VR device. Along with this, you have spatial audio built into the side head straps. "We're going to double-down on that potential".

isis-killer-beheading-video-story-top Mobile cuts LTE roaming in Canada and Mexico to 5GB
Oct 14, 2017 - 00:21
Go from NY to Canada, or from California to Mexico; it's just like going from Idaho to Texas, from Georgia to Kentucky. Once that 5GB limit is hit, speeds will be throttled down to 128kbps (or 256kbps if you have T-Mobile ONE Plus).

isis-killer-beheading-video-story-top Seth Meyers gives viewers Eminem's ultimatum: Pick me or pick Trump
Oct 13, 2017 - 00:44
National Football League star Colin Kaepernick took to Twitter to thank Slim Shady for his shoutout in the freestyle. Not only this, through his rap, the Lose Yourself star also urged fans to choose sides between him and Trump .

isis-killer-beheading-video-story-top Mila Kunis, Ashton Kutcher say 'no presents for the kids' this Christmas
Oct 13, 2017 - 00:42
Kunis' husband of two years, Ashton Kutcher , has only shared tiny glimpses of their little ones with his 37.9M social media followers.

isis-killer-beheading-video-story-top Jason Garrett says Jerry Jones meeting was out of love
Oct 13, 2017 - 00:39
As far as what constitutes "disrespecting the flag", Jones said: "You'll know it when you see it". "We are trying to send Mr. When asked if he would really sit a player like Dak Prescott , Ezekiel Elliott and Dez Bryant, Jones initially deferred.

isis-killer-beheading-video-story-top Factory growth, inflation likely to trend higher, says Morgan Stanley report
Oct 13, 2017 - 00:38
IIP growth slowed down to 2.2% during April-August this fiscal from 5.9% in the corresponding period last fiscal. The Consumer Price Index ( CPI ) or retail inflation stood at 4.39 per cent in September 2016.

isis-killer-beheading-video-story-top Court Reinstates Ezekiel Elliott's 6-Game Suspension
Oct 13, 2017 - 00:36
However, the NFLPA is expected to re-file the case with the U.S. That allowed Elliott to continue playing. Elliott was not present at that hearing.

isis-killer-beheading-video-story-top Lavrov says Tehran abides by all commitments on Iran nuclear deal
Oct 13, 2017 - 00:30
Every Republican in Congress opposed the global accord reached under Democratic former President Barack Obama two years ago. The agency quotes Zarif as saying that if the United States acts against the deal, Iran will offer a "tougher response".

isis-killer-beheading-video-story-top Loan growth helps JPMorgan beat expectations despite trading decline
Oct 13, 2017 - 00:29
Finally, Stoneridge Investment Partners LLC increased its stake in shares of J P Morgan Chase & Co by 3.6% during the 1st quarter. Silvercrest Asset Management Group Ltd Limited Liability Company reported 0.01% of its portfolio in State Street Corp (NYSE:STT).

isis-killer-beheading-video-story-top Watch Chester Bennington Share Heartwarming Hopes for His Six Children
Oct 13, 2017 - 00:28
The 23-minute episode is being streamed for free on Facebook with the permission of Bennington's family. As Nicki Swift previously reported, Bennington passed away on July 20, 2017 of an apparent suicide.

isis-killer-beheading-video-story-top Shkodran Mustafi expected to miss Saturday's game v Watford with thigh injury
Oct 13, 2017 - 00:27
As for Kolasinac, who has impressed since his free transfer from Schalke 04, the damage doesn't look almost as bad. Asked about Mustafi on Thursday, Wenger confirmed to the media: 'We have lost Mustafi for about four to six weeks.