Earnings Reaction History: Bank of America Corporation, 33.3% Follow-Through Indicator, 1.5% Sensitive

Marcus Newton
October 14, 2017

Like other banks that reported Thursday, Bank of America also scored a modest increase in overall loans. Capital Management Corp VA now owns 10,352 shares of the financial services provider's stock worth $244,000 after buying an additional 33 shares in the last quarter. (NASDAQ:KEYW) has "Outperform" rating given on Tuesday, November 10 by RBC Capital Markets. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with "Buy". Bank of America Corporation has a 1-year low of $15.90 and a 1-year high of $26.30. BMO Capital Markets maintained Bank of America Corp (NYSE:BAC) rating on Friday, October 6. The stock has "Neutral" rating by JP Morgan on Monday, October 17. The rating was upgraded by Sandler O'Neill on Wednesday, January 20 to "Buy". The firm earned "Neutral" rating on Tuesday, May 24 by Sterne Agee CRT.

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. It also upped Apollo Global Mgmt Llc (NYSE:APO) stake by 25,000 shares and now owns 250,000 shares. Alphabet Inc Cap Stk Cl A was reduced too.

Investors sentiment increased to 0.9 in 2017 Q2. Stockholders of record on Friday, September 1st were given a dividend of $0.12 per share. It dropped, as 79 investors sold BAC shares while 543 reduced holdings.

Hedge funds and other institutional investors have recently made changes to their positions in the company. 77,434 were reported by 1St Source Comml Bank. Archford Capital Strategies Ltd reported 5,246 shares. Geode Capital Management Limited Liability Com has invested 0.01% in NetGear, Inc.

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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. Patten & Patten Tn, a Tennessee-based fund reported 232,724 shares. Meiji Yasuda Asset Mgmt Limited has 0.03% invested in M&T Bank Corporation (NYSE:MTB) for 1,871 shares. Donaldson Capital Management Limited Company holds 0.07% or 25,262 shares in its portfolio. Renaissance Macro Securities LLC maintained Bank of America Corp (NYSE:BAC) rating on Sunday, July 23.

After an initial lift from last November's election, Bank of America shares climbed 4.6% in the past month. Equities research analysts expect that Bank of America Corporation will post $1.79 EPS for the current fiscal year. Principal Financial reported 19.23 million shares. This is an increase from Bank of America Corporation's previous quarterly dividend of $0.08. Moreover, Cap Interest Invsts has 0.09% invested in Bank of America Corp (NYSE:BAC) for 2.87M shares. Sanders Cap Ltd Co owns 29.02 million shares or 4.59% of their United States portfolio.

Among 44 analysts covering Nike Inc. The rating was maintained by Robert W. Baird on Friday, August 25 with "Hold". Therefore 13% are positive. Netgear had 11 analyst reports since October 23, 2015 according to SRatingsIntel. The company was maintained on Friday, June 30 by FBR Capital. The company now has an average rating of "Buy" and an average target price of $24.88. The stock has "Buy" rating by Deutsche Bank on Wednesday, August 12.

The PEG for Bank of America Corporation is gauging a 1.41, signposting the future growth of the company's earnings. The stock of Public Storage (NYSE:PSA) earned "Outperform" rating by Raymond James on Friday, September 4. The company was downgraded on Monday, April 25 by Goldman Sachs. The firm has "Mkt Perform" rating given on Wednesday, February 8 by Raymond James. Welch Group LLC now owns 10,035 shares of the financial services provider's stock worth $237,000 after purchasing an additional 42 shares during the period. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. The company has a market capitalization of $267.64 billion, a P/E ratio of 15.16 and a beta of 1.25. Carderock Cap owns 60,695 shares or 1.62% of their USA portfolio. Amica Retiree Med has invested 0.7% in Bank of America Corp (NYSE:BAC). Ig Inv Mngmt reported 0.17% stake.

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