Bank of America's cost-cutting drive pushes profit to record


About 99.25 million shares traded or 29.22% up from the average. Revenue for the January-to-March period totaled $23.1 billion, up from $22.2 billion for the same stretch past year, and higher than the analysts' forecast.

The stock increased 4.88% or $0.1 during the last trading session, reaching $2.15. Bluefin Trading Llc bought 2.56 million shares as the company's stock declined 1.20% with the market. Keysight Technologies, Inc. (NYSE:KEYS) has risen 40.58% since April 16, 2017 and is uptrending.

Big Money Sentiment increased to 1.19 in 2017 Q4.

In commodity news, oil traded down 1.17 percent to $66.60 while gold traded down 0.09 percent to $1,346.70. 3 funds opened positions while 11 raised stakes. 135,124 were reported by Greenwich Wealth Management Limited Com.

Arlington Value Capital LLC lowered its holdings in Bank of America (NYSE:BAC) by 55.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Lowe Brockenbrough &, a Virginia-based fund reported 17,538 shares. Pinnacle Advisory Group Incorporated accumulated 36,795 shares. Novare Capital Mngmt Llc holds 56,873 shares. First Midwest Commercial Bank Division reported 0.36% stake. The fund purchased 22,249 shares of the financial services provider's stock, valued at approximately $657,000. Victory Capital Management Inc. now owns 1,401,094 shares of the financial services provider's stock worth $35,504,000 after buying an additional 601,675 shares in the last quarter. The Texas-based Gfs Limited Liability Com has invested 9.16% in Bank of America Corporation (NYSE:BAC).

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".

Stillwater Investment Management Llc increased Bank Of America Corp (BAC) stake by 52% reported in 2017Q4 SEC filing. Stephens Ar invested in 888,692 shares. Optimum Advsrs holds 0.29% of its portfolio in Bank of America Corporation (NYSE:BAC) for 30,395 shares.

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Cubist Systematic Strategies Lc holds 0.11% or 71,416 shs. After having $0.47 EPS previously, Bank of America Corporation's analysts see 25.53 % EPS growth.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 17th. In the quarter, the bank paid $1.48 billion in income taxes, compared with $1.98 billion in the year-ago quarter. THO's profit will be $143.85 million for 9.85 P/E if the $2.73 EPS becomes a reality.

The Charlotte, N.C. -based banking giant on Monday reported net income of $6.9 billion, or 62 cents per share, beating the predictions of $6.3 billion and 59 cents from financial analysts surveyed by S&P Capital IQ. Tci Wealth stated it has 0.22% in Bank of America Corporation (NYSE:BAC). Therefore 73% are positive. The company was maintained on Friday, February 2 by Morgan Stanley. The firm has "Hold" rating given on Thursday, January 4 by Sandler O'Neill.

JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) rose fractionally. On Wednesday, January 17 the company was maintained by BMO Capital Markets. The firm earned "Buy" rating on Tuesday, July 18 by Goldman Sachs.

Among 2 analysts covering American River Bankshares (NASDAQ:AMRB), 0 have Buy rating, 1 Sell and 1 Hold. On Tuesday, December 12 the stock has "Buy" rating by Keefe Bruyette & Woods. The firm has "Neutral" rating by UBS given on Monday, October 16. On Tuesday, October 31 the rating was maintained by Robert W. Baird with "Hold".

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