Bank of America beats, delivers a record quarter (BAC)

Bank of America 1Q Equity Trading Increases 38

Bank of America 1Q Equity Trading Increases 38

Leading bank executives said last week that stock market volatility that translated into higher commissions in equities was largely absent in bond trading. Antipodean Advisors Limited Liability stated it has 266,000 shares or 6.38% of all its holdings. (NASDAQ:NFLX). Fifth Third Savings Bank reported 5,270 shares stake. First Citizens Bancshares Trust invested in 312,772 shs or 1.24% of the stock. 1ST Source Bank lifted its position in Bank of America by 4.8% during the third quarter. Canada Pension Plan Investment Board increased its holdings in shares of Bank of America by 13.6% in the 3rd quarter. Mackenzie Financial Corp now owns 12,462,731 shares of the financial services provider's stock worth $367,900,000 after acquiring an additional 3,811,966 shares during the period. It also increased its holding in Centennial Resource Dev Inc by 47,896 shares in the quarter, for a total of 77,363 shares, and has risen its stake in Shaw Communications Inc (NYSE:SJR). Hedge funds and other institutional investors own 69.84% of the company's stock. However, company executives on Monday said Bank of America still ranks among the largest USA taxpayers. Mckinley Ltd Company Delaware stated it has 0.18% of its portfolio in Netflix, Inc.

Caxton Associates Lp, which manages about $10.75B and $2.03 billion US Long portfolio, upped its stake in Charter Communications Inc N (Put) by 63,329 shares to 92,500 shares, valued at $31.08 million in 2017Q4, according to the filing.

Eggs sold in Virginia stores and restaurants being recalled due to salmonella
Further, officials said that eggs emerging from this farm were likely connected to 22 reported cases of salmonella infections . Over 200 million eggs are part of the voluntary recall because they might be contaminated with salmonella .

BOA reports higher earnings in its first quarter on Monday, topping Wall Street forecasts and continuing a strong run of results by most major USA banks. The institutional investor held 1.07 million shares of the prepackaged software company at the end of 2017Q4, valued at $91.50 million, down from 1.09M at the end of the previous reported quarter.

Adjusted net income: $6.9 billion, a record high, and well ahead of analyst expectations. Bank of America had a return on equity of 8.54% and a net margin of 18.03%. Revenue jumped 3.7% from the year-ago period to US$23bn, up from US$22bn. The business's revenue was up 3.5% compared to the same quarter last year. research analysts predict that Bank of America will post 2.5 EPS for the current fiscal year. Stockholders of record on Friday, March 2nd were paid a $0.12 dividend.

Shire to sell oncology business to Servier for $2.4bn
The UK Takeover Panel gave the Japanese firm a deadline of April 25 to announce a firm intention to bid or walk away. The proceeds from the transaction, which is expected to close in this or next quarter, would "increase optionality".

On 10/25/2017 announced a quarterly dividend of $0.12 1.73% with an ex dividend date of 11/30/2017 which will be payable on 12/1/2017. This represents a $0.48 annualized dividend and a yield of 1.61%. Digital sales grew to 26% of all Consumer Banking sales. It is positive, as 66 investors sold Bank of America Corporation shares while 561 reduced holdings. On Friday, January 19 the firm earned "Buy" rating by Sandler O'Neill. Instinet cut their price target on Bank of America from $37.00 to $30.00 in a report on Wednesday, January 3rd. Bank of America had 17 analyst reports since October 31, 2017 according to SRatingsIntel. Vining Sparks reissued a "buy" rating and set a $34.00 target price on shares of Bank of America in a research note on Wednesday, January 17th. Peoples Corporation holds 0.15% or 9,125 shares. Park Corporation Oh reported 1.51% of its portfolio in Bank of America Corporation (NYSE:BAC). The banking industry was one of the biggest beneficiaries of the lower corporate tax rate. Cumberland Prtnrs Ltd holds 2.05% of its portfolio in Bank of America Corporation (NYSE:BAC) for 526,475 shares. James Invest Rech has invested 0.06% in Bank of America Corporation (NYSE:BAC). It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets.19.11 is the P/E ratio. Also, the number of hedge funds holding Matria Healthcare Inc in top ten stock positions was flat from 2 to 2 for the same number.

Soweto: Boos for Mbeki at Winnie Mandela funeral
What must we tell them? "I'm sorry Mama that your organisation delayed in according you its honour", Ramaphosa said . The party says it's important to remember the struggle icon's message .

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