Bank of America Stock: How Many Years Will It Take to Double?

Bank of America Corporation (BAC) belonging to the Financial Services sector has declined -0.35% and closed its last trading session at $22.89. The Toscafund Asset Management Llp holds 1.35 million shares with $29.84 million value, up from 225,000 last quarter. Bank of America Corporation has a 1 year low of $14.81 and a 1 year high of $25.80. the share has a company valuation of $244.98 B, a price to earnings ratio of 13.874 along with a stock beta of 1.26. the company has 50 day SMA price of $24.01 and a two hundred SMA of $23.82. The firm owned 3,080,200 shares of the financial services provider's stock after acquiring an additional 14,430 shares during the quarter.

About 72.61 million shares traded or 15.16% up from the average. Bank of America Corp (NYSE:BAC) has risen 58.64% since September 12, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Spf Beheer Bv decreased Comcast Corp (CMCSA) stake by 1.88% reported in 2016Q4 SEC filing. (NYSE:COH), its shares were trading at $40.8 a gain of $0.37, on the trading floor. The institutional investor held 285,100 shares of the major banks company at the end of 2016Q4, valued at $6.31M, down from 391,100 at the end of the previous reported quarter. The stock rose 0.17% or $0.05 reaching $30.26 per share. About 3.65 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since September 12, 2016 and is uptrending. It has underperformed by 6.50% the S&P500. Therefore 66% are positive. Robert W. Baird reissued a "hold" recommendation and fixed a $24.00 price objective on the stock of Bank of America Corporation in a study report published on Fri, Aug 25th. The company was downgraded on Tuesday, November 15 by Guggenheim. A 6 analysts rate it as either a buy or a strong buy, while 2 believe that investors should either steer clear of (NYSE:RF) or, if they already own its stock, sell it. As per Tuesday, July 18, the company rating was maintained by RBC Capital Markets. Jefferies initiated it with "Buy" rating and $37 target in Monday, January 18 report. RBC Capital Markets maintained the shares of BAC in report on Wednesday, June 14 with "Buy" rating. Modera Wealth Limited Co reported 35,190 shares. The firm has "Buy" rating given on Friday, July 28 by Jefferies. "Bruyette & Woods" upgraded Bank of America Corp (NYSE:BAC) on Monday, August 24 to "Mkt Perform" rating.

Investors sentiment decreased to 1.12 in Q4 2016. It dived, as 62 investors sold BAC shares while 560 reduced holdings. Norinchukin Bank The raised its position in Bank of America Corporation by 12.3% in the first quarter. Shepherd Financial Partners LLC now owns 67,531 shares of the financial services provider's stock worth $1,566,000 after acquiring an additional 1,144 shares during the period. Bowling Portfolio Management Ltd Liability Com reported 61,422 shares. Moreover, Fairfield Bush Co has 0.24% invested in Bank of America Corp (NYSE:BAC) for 33,100 shares. Montrusco Bolton Inc holds 16,315 shares. Moreover, Regions Financial Corporation has 0.2% invested in Bank of America Corp (NYSE:BAC). Ls Inv Advsr reported 0.05% in J M Smucker Co (NYSE:SJM). Arizona State Retirement Sys owns 59,192 shares for 0.06% of their portfolio.

The average 1-year price target for Bank of America Corporation (BAC) - averaging the work of different analysts - reveals a mean PT of $27/share. Hightower Advsrs holds 0.37% or 1.54M shares in its portfolio. Factory Mutual Insurance reported 1.07% stake. David R Rahn & Associate invested 1.62% of its portfolio in Bank of America Corp (NYSE:BAC). Finally, Headinvest LLC bought a new stake in shares of Bank of America Corporation in the first quarter valued at approximately $204,000.

Among 29 analysts covering Bank of America (NYSE:BAC), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 89% are positive. Everett Harris & Com Ca has 2.52M shares for 1.96% of their portfolio. The rating was downgraded by Barclays Capital to "Equal-Weight" on Friday, February 19. The firm has "Underperform" rating by Macquarie Research given on Tuesday, August 25. The stock of Chevron Corporation (NYSE:CVX) has "Buy" rating given on Thursday, December 1 by Independent Research. The rating was maintained by Jefferies with "Hold" on Friday, June 10. JP Morgan downgraded the stock to "Neutral" rating in Wednesday, November 30 report. The stock of Bank of America Corp (NYSE:BAC) earned "Outperform" rating by Wells Fargo on Thursday, August 10.

Investors sentiment decreased to 1.01 in Q4 2016. Its up 0.06, from 0.97 in 2016Q3. 54 funds opened positions while 177 raised stakes. Concert Wealth Management owns 171,167 shares. Green Square Limited Liability Corporation has 44,240 shares for 0.2% of their portfolio. First Heartland Consultants Inc holds 0.28% or 7,740 shares. Aberdeen Asset Mgmt Pcl Uk invested in 359,933 shares. LLC grew its stake in Bank of America Corporation by 57.9% in the second quarter. First Merchants Corp bought 2,640 shares as the company's stock declined 7.31% while stock markets rallied. Fernwood Investment Management Ltd Liability Corp stated it has 3,329 shares. During the same period in the previous year, the company earned $0.41 EPS. Fiduciary Trust stated it has 24,582 shares. First Merchants Corp who had been investing in The J.M. Smucker Company Com for a number of months, seems to be bullish on the $12.16B market cap company. Northeast Fincl Consultants Incorporated invested in 12,332 shares or 0.12% of the stock. Gw Henssler has 9,183 shares for 0.02% of their portfolio. Van Eck Associate Corporation owns 0.01% invested in Chevron Corporation (NYSE:CVX) for 17,638 shares. PTC Therapeutics, Inc. (PTCT) has $839.78M valuation. It also reduced its holding in Fidelity (FENY) by 29,458 shares in the quarter, leaving it with 9,457 shares, and cut its stake in Ishares Tr (ITB). Berkshire Hathaway (BRKB) was raised too.

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