Rational Advisors LLC Sells 63200 Shares of Bank of America (BAC)

Bringing Costs Down       Bank of America posted its lowest expense-to-revenue ratio in years              Source Company filings

Bringing Costs Down Bank of America posted its lowest expense-to-revenue ratio in years Source Company filings

It is positive, as 66 investors sold Bank of America Corporation shares while 561 reduced holdings. Primecap Mgmt Com Ca holds 0.23% or 10.14 million shares. Arrow Fincl Corp holds 118,185 shs or 0.81% of its capital. Suntrust Banks owns 3.51M shs or 0.55% of their U.S. capital. Brinker reported 47,232 shs or 0.05% of all its holdings. Metropolitan Life Insur Co New York owns 1.49M shs. Smith Salley Assocs holds 0.11% or 21,524 shs.

Since October 11, 2017, it had 0 buys, and 34 sales for $155.38 million activity. The bank trimmed noninterest expenses by $196 million, or 1 percent, from a year earlier. "Buy" rating has 10, "Sell" are 0, while 3 are "Hold".

Global Wealth Management net income of $1.035B vs. $773M a year ago. Moreover, Amica Mutual Ins Communication has 0.91% invested in Bank of America Corporation (NYSE:BAC) for 312,335 shares. 74,553 were reported by X Management Limited Liability Company. Troy Asset Limited stated it has 11.87% of its portfolio in Microsoft Corporation (NASDAQ:MSFT).

Analysts on average had expected 59 cents per share, according to Thomson Reuters I/B/E/S. Analysts have expectation on stock's EPS of $0.59. They expect $0.59 earnings per share, up 43.90 % or $0.18 from last year's $0.41 per share. MSFT's profit will be $6.54 billion for 27.38 P/E if the $0.85 EPS becomes a reality. Vetr upgraded Bank of America Corporation (NYSE:BAC) rating on Monday, August 24. Ctc Llc bought 179,594 shares as the company's stock rose 58.31% while stock markets declined. Barclays upped their price target on shares of Bank of America from $28.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 2nd. It has outperformed by 16.63% the S&P500.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. About 99.25 million shares traded or 29.22% up from the average. Bank of America had 20 analyst reports since October 16, 2017 according to SRatingsIntel. CLSA maintained the stock with "Outperform" rating in Friday, September 23 report. Japan-based Meiji Yasuda Asset Mngmt has invested 0.7% in Bank of America Corporation (NYSE:BAC). The rating was maintained by Barclays Capital on Tuesday, January 3 with "Equal Weight". On Friday, January 19 the stock rating was maintained by Sandler O'Neill with "Buy". The company rating was maintained by RBC Capital Markets on Wednesday, December 6. The stock has "Hold" rating by BMO Capital Markets on Wednesday, January 17. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) rating on Thursday, December 21. The rating was maintained by Deutsche Bank on Tuesday, August 25 with "Buy".

After billions in fines and payouts to regulators and investors in the years after the financial crisis, Bank of America has moved away from securitizing and servicing residential mortgages. Morgan Stanley has "Overweight" rating and $37 target. The stock of Bank of America Corporation (NYSE:BAC) earned "Hold" rating by Societe Generale on Tuesday, September 13.

"Strong client activity, coupled with a growing global economy and solid USA consumer activity, led to record quarterly earnings", Bank of America CEO Brian Moynihan said in a statement issued with the financial results. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Despite historically low levels of unemployment and a strong economy, loan growth was lackluster, as JPM's lending business slumped 0.2% from the previous three quarters, WFC loans slumped 1% and Citigroup's lending gained just 1%, attributed to an initiative to expand its struggling credit card business.

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