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Bank of America (BAC) Shares Sold by Reliance Trust Co. of Delaware

16 April 2018

Shares of Bank of America rose 0.8 per cent to US$30.03 in pre-market trading. Regional Health Properties shares rose 0.56 percent to $0.36 in the after-hours trading session. About 2.90 million shares traded or 47.66% up from the average. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) rating on Thursday, December 21. It has outperformed by 16.63% the S&P500. According to 2017Q4 SEC form the decrease is 102.72%. Howland Capital Limited Liability Com reported 13,830 shares. Carnegie Cap Asset Mgmt Limited Liability holds 0.13% or 48,494 shares.

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. Sales and trading revenue increased 6% year over year to $4.1 billion. Canada Pension Plan Investment Board now owns 40,159,612 shares of the financial services provider's stock valued at $1,017,645,000 after acquiring an additional 4,801,300 shares during the period.

BAC has been the topic of a number of analyst reports. It has outperformed by 97.18% the S&P500.

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Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.19, from 1.12 in 2017Q3. 66 investors sold all, 561 reduced holdings as BAC ratio increased. 134 funds opened positions while 676 raised stakes. Boyd Watterson Asset Mngmt Oh holds 9,734 shares or 0.14% of its portfolio. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 15, 2017 and is uptrending. Ironwood Investment Management Llc, a Massachusetts-based fund reported 117,245 shares. Saturna has 8,067 shares for 0.01% of their portfolio. Reliant Invest Management Ltd Limited Liability Company owns 101,360 shares or 2.05% of their United States portfolio. Pcj Investment Counsel Ltd reported 0.16% stake. Seabridge Advisors Lc, a New Jersey-based fund reported 214,211 shares. Cv Starr Tru has 96,726 shares for 1.25% of their portfolio. BMO Capital Markets reiterated a "hold" rating and issued a $31.00 price target on shares of Bank of America in a report on Monday, January 8th. Bank of America has a 1-year low of $22.07 and a 1-year high of $33.05.

ILLEGAL ACTIVITY WARNING: "Sullivan Bruyette Speros & Blaney LLC Trims Holdings in Bank of America (BAC)" was originally reported by StockNewsTimes and is the property of of StockNewsTimes. Stephens Ar holds 0.01% or 1,986 shares. The company's revenue was up 3.5% on a year-over-year basis. equities research analysts anticipate that Bank of America will post 2.5 earnings per share for the current fiscal year. Spc Inc holds 0.1% or 14,388 shares in its portfolio.

Analysts, however, were a bit cool on the quarter, with several noting that low provisions and better tax rates drove the beat versus estimates, while loan growth was disappointing.

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Wall Street expects Bank of America Corp (NYSE: BAC) to report quarterly earnings at $0.59 per share on revenue of $23.01 billion before the opening bell. THO's profit will be $143.85 million for 9.85 P/E if the $2.73 EPS becomes a reality. The institutional investor held 16,805 shares of the major banks company at the end of 2017Q4, valued at $496,000, down from 37,065 at the end of the previous reported quarter. ValuEngine upgraded Bank of America from a "hold" rating to a "buy" rating in a report on Friday, February 2nd. The positive are 77%.

Total analysts of 13 have positions in Bank of America (NYSE:BAC) as follows: 10 rated it a "Buy", 0 with "Sell" and 3 with "Hold". However, company executives on Monday said Bank of America still ranks among the largest USA taxpayers. Finally, Credit Suisse Group raised Bank of America to an "outperform" rating and lifted their target price for the stock from $32.00 to $35.00 in a report on Thursday, January 4th.

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Bank of America (BAC) Shares Sold by Reliance Trust Co. of Delaware