Bank of America hits profit high - but investment bank stumbles

Bank Of America

Js Capital Management Increases Position in Bank Amer (BAC); As Microsoft (MSFT) Stock Value Rose, Shareholder Armstrong Henry H Associates Cut Its Holding

Northstar Gp, a New York-based fund reported 12,009 shares. About 7.56 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 15, 2017 and is uptrending. It has outperformed by 97.18% the S&P500.

Bruce Kovner decreased its stake in Bank Amer Corp (BAC) by 74.36% based on its latest 2017Q4 regulatory filing with the SEC. Argyle Capital Mgmt stated it has 140,960 shares or 1.56% of all its holdings. The hedge fund run by Bruce Kovner held 550,000 shares of the major banks company at the end of 2017Q4, valued at $16.24M, down from 2.15 million at the end of the previous reported quarter.

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Shares of NYSE:BAC traded down $0.85 during mid-day trading on Friday, reaching $29.80. The company had a trading volume of 99,254,533 shares, compared to its average volume of 69,778,968. L S Advsr stated it has 1.19% in Bank of America Corporation (NYSE:BAC). It has outperformed by 16.63% the S&P500. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Therefore 43% are positive. Netflix had 237 analyst reports since August 4, 2015 according to SRatingsIntel.

Bank of America said Monday's profit was the highest for any quarter in its history. The rating was maintained by Jefferies with "Buy" on Tuesday, July 21. The stock of Netflix, Inc. On Monday, October 16 the firm has "Market Perform" rating given by BMO Capital Markets. The company was maintained on Friday, October 6 by Wedbush. As per Wednesday, December 21, the company rating was upgraded by Atlantic Securities. On Tuesday, August 1 the stock rating was initiated by Oppenheimer with "Buy". The stock has a consensus rating of "Buy" and an average target price of $30.97.

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Since December 11, 2017, it had 0 insider purchases, and 1 insider sale for $200,291 activity. FRIEDLAND JONATHAN also sold $563,938 worth of Netflix, Inc. 11,264 shares were sold by HOAG JAY C, worth $3.01 million.

Big Money Sentiment increased to 1.19 in 2017 Q4. Its down 0.03, from 1.02 in 2017Q3. 107 funds opened positions while 281 raised stakes. The company's quarterly revenue was up 3.5% on a year-over-year basis. Truepoint Inc holds 0.04% of its portfolio in Netflix, Inc. First Merchants reported 4,905 shares stake. Mariner Wealth Limited has 0.49% invested in Walmart Inc. Regions Financial owns 1.01M shares for 1.08% of their portfolio. Brinker Capital invested in 0.05% or 47,232 shares. The Wisconsin-based Sii Invs Inc Wi has invested 0.05% in Netflix, Inc. Masters Cap Mngmt Llc reported 1.00M shares. Diversified Investment Strategies Ltd Co holds 14,828 shs. Hedeker Wealth Lc reported 45,775 shares. 886,928 are held by Thrivent Financial For Lutherans. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.93. They expect $0.85 EPS, up 16.44% or $0.12 from last year's $0.73 per share. BAC's profit will be $6.03 billion for 12.63 P/E if the $0.59 EPS becomes a reality. Finance Advisory Ser Incorporated has invested 0.15% of its portfolio in Bank of America Corporation (NYSE:BAC). Its up 0.15, from 1.04 in 2017Q3. It turned negative, as 39 investors sold MSFT shares while 1012 reduced holdings. 162 funds amassed stakes and 585 increased stakes. Sol Capital Management Co sold 15,652 shares as Bank Of America Corp. Btim Corporation reported 33,554 shares. Exane Derivatives holds 0.31% or 60,199 shares. Kistler reported 14,906 shares. Birinyi Assocs has 0.21% invested in Bank of America Corporation (NYSE:BAC). Now the institutional investor is holding 3.28 million shares, compared to the 3.80M from the previous quarter. Moreover, Prelude Management Ltd Com has 0.72% invested in Microsoft Corporation (NASDAQ:MSFT). American Express Co (NYSE:AXP) was reduced too. Vining Sparks restated a "buy" rating and issued a $34.00 target price on shares of Bank of America in a research note on Wednesday, January 17th. Therefore 67% are positive. Bank of America had 20 analyst reports since October 16, 2017 according to SRatingsIntel. The company rating was maintained by Robert W. Baird on Tuesday, October 31. The company was maintained on Friday, February 2 by Morgan Stanley. On Friday, August 11 the stock rating was upgraded by Stephens to "Overweight". Vetr lowered shares of Bank of America from a "strong-buy" rating to a "buy" rating and set a $33.89 target price on the stock.in a report on Wednesday, January 10th. The firm has "Hold" rating by Wunderlich given on Wednesday, July 22. The company was downgraded on Tuesday, September 13 by Societe Generale. The stock has "Buy" rating by Keefe Bruyette & Woods on Thursday, December 21. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, January 27 report.

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