Bank of America Corp. (NYSE:BAC) shares saw an uptick in trading volume on Friday . 70,937,619 shares were traded during mid-day trading, an increase of 0% from the previous session’s volume of 70,711,342 shares.The stock last traded at $15.74 and had previously closed at $15.53.

Several brokerages have recently commented on BAC. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Bank of America Corp. in a research note on Thursday, July 7th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bank of America Corp. in a research note on Saturday, July 9th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Bank of America Corp. in a research note on Monday, June 20th. Zacks Investment Research raised Bank of America Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, Vetr lowered Bank of America Corp. from a “strong-buy” rating to a “buy” rating and set a $14.20 price target on the stock. in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $24.32.

The firm has a market capitalization of $166.05 billion and a price-to-earnings ratio of 13.24. The company’s 50 day moving average is $14.59 and its 200-day moving average is $13.88.

Bank of America Corp. (NYSE:BAC) last released its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.36 EPS for the quarter, topping 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. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. Equities analysts anticipate that Bank of America Corp. will post $1.26 earnings per share for the current fiscal year.

The firm also recently declared 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 represents a $0.30 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, August 31st. This is a boost from Bank of America Corp.’s previous quarterly dividend of $0.05.

In other Bank of America Corp. news, Director Thomas D. Woods purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average price of $14.13 per share, for a total transaction of $353,250.00. Following the completion of the purchase, the director now owns 32,459 shares in the company, valued at approximately $458,645.67. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Several hedge funds and institutional investors have added to or reduced their stakes in the company. Oarsman Capital Inc. raised its stake in shares of Bank of America Corp. by 0.3% in the fourth quarter. Oarsman Capital Inc. now owns 142,126 shares of the financial services provider’s stock valued at $2,392,000 after buying an additional 459 shares in the last quarter. Greenwood Capital Associates LLC raised its stake in shares of Bank of America Corp. by 0.6% in the fourth quarter. Greenwood Capital Associates LLC now owns 305,929 shares of the financial services provider’s stock valued at $5,149,000 after buying an additional 1,942 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of 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 in the last quarter. Frontier Investment Mgmt Co. raised its stake in shares of Bank of America Corp. by 3.9% in the fourth quarter. Frontier Investment Mgmt Co. now owns 159,655 shares of the financial services provider’s stock valued at $2,687,000 after buying an additional 5,931 shares in the last quarter. Finally, Braver Wealth Management LLC raised its stake in shares of Bank of America Corp. by 4.5% in the fourth quarter. Braver Wealth Management LLC now owns 269,167 shares of the financial services provider’s stock valued at $4,530,000 after buying an additional 11,652 shares in 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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