Bank of America profit rises 15% on lower costs

Bank of America profit rises 15% on lower costs

Bank of America profit rises 15% on lower costs

The company said its bottom line totaled $5.12 billion, or $0.48 per share. The firm has a market cap of $267.64 billion, a PE ratio of 15.16 and a beta of 1.25. It closed at $112.45 lastly. Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has declined 12.25% since October 13, 2016 and is downtrending. It has underperformed by 30.84% the S&P500. Following the sale, the director now owns 50,000 shares of the company's stock, valued at approximately $1,208,000. Bank of America had 86 analyst reports since July 21, 2015 according to SRatingsIntel.

Bank of America Corporation is a bank holding company and a financial holding company. Institutional investors own 61.64% of the company's stock. About 1.53M shares traded.

Bank of America Corporation (BAC) reported a profit for its third quarter that climbed compared to the same period a year ago. It has outperformed by 41.94% the S&P500. (NYSE:PEP). Sentinel Asset Management invested 1.35% of its portfolio in PepsiCo, Inc. Insiders own 0.18% of the company's stock. (NASDAQ:AAPL) stake by 11,600 shares and now owns 805,199 shares. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.9% in PepsiCo, Inc. Envestnet Asset Management has 1.84 million shares for 0.12% of their portfolio. (NYSE:PEP). 128,056 are held by Meag Munich Ergo Kapitalanlagegesellschaft Mbh. Mcdaniel Terry owns 178,996 shares or 4.01% of their U.S. portfolio.

More notable recent PepsiCo, Inc.

WARNING: This news story was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. More interesting news about PepsiCo, Inc. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. The stock of PepsiCo, Inc. The rating was maintained by Jefferies with "Buy" on Thursday, September 14. The firm has "Buy" rating given on Friday, April 28 by Credit Suisse. The firm has "Hold" rating given on Friday, October 6 by BMO Capital Markets. The stock has "Sell" rating by Evercore on Monday, March 21.

ATR value of the company was 0.41 and Relative Strength Index (RSI) was 53.97. The shares price has positioned 5.12% up over the past quarter while it has directed 13.92% toward a rising position throughout past six months.

Bank of America, the second-largest USA bank by assets, employs about 15,000 in Charlotte.

The bank also kept a tight leash on costs.

Investors sentiment decreased to 1.12 in Q2 2017. This represents a $0.48 annualized dividend and a yield of 1.89%. Three Corner Global Invsts L P, a New York-based fund reported 453,400 shares. Sirios Capital Mgmt Ltd Partnership holds 5.77 million shares. Gateway Advisory LLC boosted its position in Bank of America Corporation by 0.4% in the 2nd quarter.

Oakmont Corp decreased Bank Amer Corp (BAC) stake by 19.27% reported in 2017Q2 SEC filing. Therefore 66% are positive. Vetr raised Bank of America Corporation from a buy rating to a strong-buy rating and set a $26.59 price target on the stock in a research note on Wednesday, August 30th. UBS downgraded Bank of America Corp (NYSE:BAC) rating on Wednesday, January 11. The stock has "Neutral" rating by Robert W. Baird on Tuesday, August 25. The firm earned "Hold" rating on Tuesday, November 8 by Deutsche Bank. Intersect Ltd stated it has 0.12% in Bank of America Corp (NYSE:BAC). Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. As per Monday, October 31, the company rating was upgraded by Goldman Sachs. It also stood at 59.5% in the second quarter.

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