Analysts are on the Bearish side about Bank of America Corporation (NYSE:BAC) this week.

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Investors sentiment is 0.99 in 2019 Q2. Its the same as in 2019Q1. It is flat, as 51 investors sold Bank of America Corporation shares while 568 reduced holdings. only 124 funds opened positions while 490 raised stakes. 6.42 billion shares or 2.00% more from 6.30 billion shares in 2019Q1 were reported.
Prudential Public Ltd Co invested in 14.67M shares or 1.3% of the stock. Gabelli Advisers stated it has 0.36% in Bank of America Corporation (NYSE:BAC). Canandaigua Comml Bank And Co accumulated 101,427 shares. Tiverton Asset Limited reported 512,120 shares. Private Wealth Advsr has invested 0.58% of its portfolio in Bank of America Corporation (NYSE:BAC). Evergreen Capital Mngmt Limited Co holds 0.13% or 46,183 shares in its portfolio. Pinnacle Advisory Grp Inc holds 0.06% or 28,056 shares. Berkshire Hathaway Inc holds 12.92% or 927.25 million shares. Dodge And Cox owns 115.00M shares for 2.7% of their portfolio. California State Teachers Retirement holds 15.46 million shares. Moreover, California Employees Retirement Systems has 0.54% invested in Bank of America Corporation (NYSE:BAC). Bradley Foster Sargent Ct invested 0.22% of its portfolio in Bank of America Corporation (NYSE:BAC). Japan-based Daiwa Group Incorporated Inc has invested 0.18% in Bank of America Corporation (NYSE:BAC). Kempen Capital Mgmt Nv holds 0% of its portfolio in Bank of America Corporation (NYSE:BAC) for 1,351 shares. Montgomery Investment Management has 202,375 shares.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

Among 5 analysts covering Bank of America (NYSE:BAC), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Bank of America has $40 highest and $2900 lowest target. $33.50’s average target is 11.22% above currents $30.12 stock price. Bank of America had 13 analyst reports since March 23, 2019 according to SRatingsIntel. JP Morgan maintained Bank of America Corporation (NYSE:BAC) on Tuesday, July 9 with “Overweight” rating. Wood downgraded the shares of BAC in report on Friday, September 6 to “Market Perform” rating. The rating was upgraded by BMO Capital Markets to “Outperform” on Tuesday, June 18. BMO Capital Markets maintained it with “Market Perform” rating and $37 target in Wednesday, April 17 report. Oppenheimer maintained it with “Outperform” rating and $40 target in Tuesday, March 26 report. Jefferies downgraded Bank of America Corporation (NYSE:BAC) rating on Wednesday, April 17. Jefferies has “Hold” rating and $32 target. The stock has “Outperform” rating by Wood on Friday, July 26. Below is a list of Bank of America Corporation (NYSE:BAC) latest ratings and price target changes.

06/09/2019 Broker: Wood Old Rating: Outperform New Rating: Market Perform Old Target: $36.0000 New Target: $29.0000 Downgrade
29/08/2019 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Downgrade
26/07/2019 Broker: Wood Old Rating: Market Perform New Rating: Outperform Old Target: $32.0000 New Target: $36.0000 Upgrade
09/07/2019 Broker: JP Morgan Rating: Overweight Old Target: $30.5000 New Target: $29.5000 Maintain
18/06/2019 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Outperform New Target: $37.0000 Upgrade
16/05/2019 Broker: BidaskScore Rating: Sell Downgrade
30/04/2019 Broker: Atlantic Securities Old Rating: Overweight New Rating: Neutral Downgrade
17/04/2019 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $36 New Target: $37 Maintain
17/04/2019 Broker: Jefferies Old Rating: Buy New Rating: Hold New Target: $32 Downgrade
04/04/2019 Broker: HSBC Rating: Hold Initiates Coverage On

The stock increased 1.53% or $0.45 during the last trading session, reaching $30.12. About 61.92 million shares traded or 15.81% up from the average. Bank of America Corporation (NYSE:BAC) has declined 2.01% since September 13, 2018 and is downtrending. It has underperformed by 2.01% the S&P500.

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 company has market cap of $280.41 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It has a 10.74 P/E ratio. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank of America Pfd Shs Series CC declares $0.3875 dividend – Seeking Alpha” on September 12, 2019, also Bizjournals.com with their article: “Bank of America Tower under contract to be sold in $436M deal – Charlotte Business Journal” published on August 21, 2019, Fool.com published: “3 Top Financial Stocks to Buy Right Now – The Motley Fool” on August 24, 2019. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Investorplace.com and their article: “5 Value Stocks With Fast-Growing Dividends – Investorplace.com” published on August 16, 2019 as well as Seekingalpha.com‘s news article titled: “Bank of America Pfd Shs Series L declares $18.125 dividend – Seeking Alpha” with publication date: September 12, 2019.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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