Published: Mon, April 16, 2018
Finance | By Claude Patterson

Higher interest rates, loans lift Bank of America profits

Higher interest rates, loans lift Bank of America profits

SOHO CHINA LTD ORDINARY SHARES CAYM (OTCMKTS:SOHOF) had a decrease of 21.56% in short interest. The SI to TCL MULTIMEDIA TECHNOLOGY HOLDINGS LTD.'s float is 0.25%. During the same quarter a year ago, the firm earned $0.40 EPS. Florida-based State Board Of Administration Of Florida Retirement Systems has invested 1.1% in Bank of America Corporation (NYSE:BAC). It has underperformed by 11.55% the S&P500. Bank of America has a one year low of $22.07 and a one year high of $33.05.

Stillwater Investment Management Llc increased Bank Of America Corp (BAC) stake by 52% reported in 2017Q4 SEC filing. After $1.92 actual earnings per share reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts 42.19% EPS growth.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide.The firm is worth $304.68 billion.

Terril Brothers Inc decreased Bank Amer Corp (BAC) stake by 24.52% reported in 2017Q4 SEC filing.

On 3/12/2018 Donald Alexander Whalen, Director, bought 50,000 with an average share price of $0.03 per share and the total transaction amounting to $1,500.00.

News headlines about Bank of America (NYSE:BAC) have trended somewhat positive this week, according to Accern Sentiment. BAC outperformed by 16.63% the S&P 500.

TCL Multimedia Technology Holdings Limited, an investment holding company, makes, distributes, and sells colour television sets in the PeopleÂ's Republic of China, Europe, North America, and internationally.

Global markets: Net income increased 12% to $1.5 billion. It has a 26.67 P/E ratio. 5,084 are owned by Gradient Invs. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Bank of America by 0.3% in the second quarter. Therefore 77% are positive. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, January 27 report. On Thursday, December 21 the rating was maintained by Keefe Bruyette & Woods with "Buy". The stock has "Outperform" rating by Credit Agricole on Friday, January 29. The stock of Microsoft Corporation (NASDAQ:MSFT) earned "Buy" rating by Cowen & Co on Tuesday, October 31. Moreover, Amica Mutual Ins Communication has 0.91% invested in Bank of America Corporation (NYSE:BAC) for 312,335 shares. "Buy" rating has 11, "Sell" are 0, while 4 are "Hold". On Wednesday, January 17 the company was maintained by BMO Capital Markets. Bernstein maintained the shares of NFLX in report on Tuesday, July 19 with "Underperform" rating. Epoch Inv Prtn Inc stated it has 1.38% of its portfolio in Bank of America Corporation (NYSE:BAC). The stock has "Buy" rating by RBC Capital Markets on Wednesday, June 14. This represents a $0.48 annualized dividend and a dividend yield of 1.61%. 66 investors sold all, 561 reduced holdings as BAC ratio increased. 162 funds amassed positions and 585 increased positions. The institutional investor held 1.07 million shares of the prepackaged software company at the end of 2017Q4, valued at $91.50 million, down from 1.09M at the end of the previous reported quarter. Ballentine Ptnrs Llc reported 0.17% stake. Vining Sparks restated a "buy" rating and set a $34.00 target price on shares of Bank of America in a report on Wednesday, January 17th.

Earnings per share rose by 38 per cent to $0.62, above the $0.59 predicted by analysts according to consensus expectations. 311,747 are held by Maple Cap Mngmt Inc. Ar Asset Mgmt has 0.65% invested in Bank of America Corporation (NYSE:BAC). Peoples Corporation holds 0.15% or 9,125 shares. (NYSE:THO). Sit Investment Assocs reported 37,985 shares. Wellcome Limited (The) As Trustee Of The Wellcome owns 20.00M shares for 8.93% of their portfolio. The Connecticut-based Hartford Fincl Incorporated has invested 0.31% in Bank of America Corporation (NYSE:BAC).

Goldman Capital Management Inc holds 3.44% of its portfolio in Mattersight Corporation for 1.40 million shares.

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