Investors bought shares of Bank of America Corp. (NYSE:BAC) on weakness during trading hours on Friday. $181.00 million flowed into the stock on the tick-up and $123.32 million flowed out of the stock on the tick-down, for a money net flow of $57.68 million into the stock. Of all stocks tracked, Bank of America Corp. had the 15th highest net in-flow for the day. Bank of America Corp. traded down ($0.19) for the day and closed at $14.49

Several research firms have recently issued reports on BAC. BMO Capital Markets restated a “hold” rating on shares of Bank of America Corp. in a report on Sunday, April 17th. Morgan Stanley reiterated a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Barclays PLC reiterated a “hold” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Finally, FBR & Co reiterated a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.30.

The stock’s 50-day moving average is $13.61 and its 200 day moving average is $13.70. The company has a market capitalization of $152.38 billion and a price-to-earnings ratio of 12.17.

Bank of America Corp. (NYSE:BAC) last released its earnings results on Monday, July 18th. The financial services provider reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The business earned $20.60 million during the quarter, compared to analyst estimates of $20.41 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts expect that Bank of America Corp. will post $1.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 2nd will be paid a $0.075 dividend. This is an increase from Bank of America Corp.’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.30 annualized dividend and a yield of 2.07%.

A number of institutional investors have added to or reduced their stakes in BAC. Parsons Capital Management Inc. RI raised its position in Bank of America Corp. by 8.7% in the fourth quarter. Parsons Capital Management Inc. RI now owns 59,757 shares of the financial services provider’s stock valued at $1,006,000 after buying an additional 4,800 shares during the last quarter. Brighton Jones LLC raised its position in Bank of America Corp. by 11.2% in the fourth quarter. Brighton Jones LLC now owns 63,794 shares of the financial services provider’s stock valued at $1,074,000 after buying an additional 6,412 shares during the last quarter. Meridian Investment Counsel Inc. raised its position in Bank of America Corp. by 10.9% in the fourth quarter. Meridian Investment Counsel Inc. now owns 70,410 shares of the financial services provider’s stock valued at $1,185,000 after buying an additional 6,905 shares during the last quarter. Columbia Asset Management raised its position in Bank of America Corp. by 0.9% in the fourth quarter. Columbia Asset Management now owns 71,118 shares of the financial services provider’s stock valued at $1,196,000 after buying an additional 603 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Bank of America Corp. by 8.6% in the fourth quarter. Advisors Asset Management Inc. now owns 74,452 shares of the financial services provider’s stock valued at $1,253,000 after buying an additional 5,922 shares during the last quarter.

Bank of America Corporation is a bank holding and financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with various banking, investing, asset management and other financial and risk management products and services.

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