Published: Thu, May 10, 2018
Markets | By Otis Pena

Is Bank of America Corporation (NYSE:BAC) a Long Term Growth Play?


The Bank of America Corporation is having a distance of -0.11% form 20 day moving average, SMA 50 of -2.55% and an SMA 200 of 6.1%.Bank of America Corporation a U.S. based Company, belongs to Financial sector and Money Center Banks industry. Funds hold 6.85 billion shares thus 0.98% less from 2017Q3's 6.91 billion shares.

A total of 64.96 Billion shares exchanged at hands and its average trading volume is standing at 72.46 Million shares. The volume of the company in the last trading session was 58.6 Million. About 65.12 million shares traded. Bank of America had a return on equity of 9.40% and a net margin of 19.65%. It has outperformed by 6.76% the S&P500. (BAC) by 39.62% based on its latest 2017Q4 regulatory filing with the SEC. The company has a market capitalization of $305,261.97, a price-to-earnings ratio of 16.36, a PEG ratio of 1.49 and a beta of 1.37. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. BAC has 25.86M shares volume. Including the latest session's results, Bank of America Corporation's stock is performing at 1.39% on the year. BAC outperformed the S&P500 by 16.63%.

Apple was up 1.2 percent, continuing to ride on news that Berkshire Hathaway's Warren Buffett had boosted stake in the company. Ocbj.com's news article titled: "Midday Stock Roundup" with publication date: May 03, 2018 was also an interesting one. Shares of Bank of America Corporation (NYSE:BAC) have a 7-day moving average of 29.68. Odey Asset Grp holds 534,064 shares or 1.43% of its portfolio.

Eulav Asset Management increased Graco Inc (NYSE:GGG) stake by 8,600 shares to 12,900 valued at $583,000 in 2017Q4. Analyst's mean target price for MetLife, Inc. is $55. (NYSE:NKE) to report earnings on July, 5.

Since December 12, 2017, it had 0 insider buys, and 6 insider sales for $2.32 million activity. -7.98% (High), 37.79%, (Low). The financial services provider reported $0.62 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.59 by $0.03. The Williams %R measurement is a widely-used technical indicator founded by Larry Williams to enable the identification of oversold and overbought stock territory. Therefore 63% are positive.

BAC has been the subject of a number of recent analyst reports. The company was maintained on Wednesday, October 18 by Buckingham Research. The stock of Morgan Stanley (NYSE:MS) has "Underweight" rating given on Wednesday, February 3 by Atlantic Securities. The firm has "Buy" rating given on Tuesday, December 5 by Raymond James. The stock of NIKE, Inc. A 1 rating would signify a Strong Buy. (NYSE:NKE) has "Buy" rating given on Wednesday, March 23 by Jefferies. Societe Generale lowered Bank of America from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th. Bank of America now has a consensus rating of "Buy" and an average target price of $32.13. Credit Suisse maintained NIKE, Inc. Its down 0.06, from 0.8 in 2017Q3. 109 funds opened positions while 312 raised stakes. Amica Retiree Tru stated it has 35,270 shares. Gilder Gagnon Howe And Communication Limited has invested 0.01% in The New Home Company Inc. (NYSE:NKE) for 171,838 shares. Mendon Capital Advsr Corp holds 450,600 shares. Columbia Asset Mgmt reported 1.58% stake. If the share price can penetrate the first support level, investor attention may shift to the second level. Beach Counsel Inc Pa accumulated 797,959 shares or 2.29% of the stock. (NYSE:NKE) for 223,757 shares. Royal Comml Bank Of Canada reported 28,735 shares. Signaturefd Limited Liability Corporation invested in 0.07% or 9,296 shares.

Packers Announce Signings of Six More Draft Picks
The Packers' top two draft picks were brought in to rebuild a cornerback position that has been in flux for multiple years now. Center Corey Linsley started all 16 games previous year , but only appeared in 22 games combined between the prior two season.


Investors sentiment increased to 1.19 in 2017 Q4. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.60%. It dropped, as 9 investors sold NWHM shares while 15 reduced holdings. 585 rose holdings while 162 funds acquired holdings. Millennium Management Lc reported 0% stake. Finally, Mackenzie Financial Corp raised its position in Bank of America by 44.1% in the fourth quarter. Credit Agricole S A owns 28,720 shs for 0.06% of their capital.

Bank of America (NYSE:BAC) last announced its earnings results on Monday, April 16th. Old Point & Fincl N A holds 38,054 shares. Massmutual Trust Fsb Adv invested in 1,530 shares. Menora Mivtachim Hldgs has 2.60M shares for 2.96% of their portfolio. Barclays, for example, Reiterated Bank of America Corporation to Equal Weight in a report that was made public on Tuesday, January 2nd, 2018. Meiji Yasuda Life Insurance has invested 0.91% in Bank of America Corporation (NYSE:BAC).

Bank of America Corporation (NYSE:BAC)'s RSI (Relative Strength Index) is 51.60.

Graham Capital Management Lp, which manages about $16.17B and $3.84B US Long portfolio, upped its stake in Select Sector Spdr Tr (XLE) by 151,586 shares to 701,686 shares, valued at $50.70M in 2017Q4, according to the filing. $308.14B is Bank Of America Corp's market cap.

Its opening price on the last trading day was $29.64.

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