Bank of America Stock News

Trinity Legacy Partners LLC boosted its position in Bank of America Co. (NYSE:BAC) by 47.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,521 shares of the financial services providers stock after purchasing an additional 2,736 shares during the period. Trinity Legacy Partners LLCs holdings []

A source who works with Bank of America has disclosed a pilot program beginning Nov. 18 that plans to separate vaccinated from unvaccinated employees at an administration building in Jacksonville,

Louisiana State Employees Retirement System decreased its holdings in shares of Bank of America Co. (NYSE:BAC) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 461,000 shares of the financial services providers stock after selling 9,100 shares during the quarter. []

Bank of America will underwite InterEnergy Groups pipeline of projects aimed at scaling wind and The post Bank of America backs InterEnergys Cbean projects appeared first on Caribbean Business Report .

Kohls (NYSE:KSS) had its price target hoisted by Bank of America from $48.00 to $55.00 in a research report issued to clients and investors on Friday, Briefing.com reports. The firm currently has an underperform rating on the stock. Bank of Americas price target would indicate a potential downside of 11.97% from the stocks current price. []

This Market Makes Sense If Earnings Grow 19% In Perpetuity Regular readers are aware that one of our favorite fundamental valuation benchmarks (yes, once upon a time fundamentals used to matter) is the Bank of America matrix which looks at 20 distinct valuation metrics. So earlier this week, BofA''s Savita Subramanian released the latest edition of this table and to nobody''s surprise it found that stocks are massively, terribly overvalued on all 20 counts with two exceptions: forward and trailing Price to Earnings Growth where the market is roughly 20% undervalued. Only there is a problem. As Subramanian explains, the "attractive" P/E to LTG ratio, or PEG ratio, of the S&P 500 is only due to impossible growth expectations, not low valuations. The reason for that is that consensus expects S&P 500 long-term growth of a stunning 19%, " well above lofty Tech Bubble expectations." This ludicrous expectation is shown in its historical context in the next chart : needless to say, unless US corporations have quietly entered a new golden age for profits, this will not be the case.

Sportradar Group (NASDAQ:SRAD) had its price target trimmed by Citigroup from $30.00 to $28.00 in a research report report published on Thursday, The Fly reports. The firm currently has a buy rating on the stock. SRAD has been the subject of several other research reports. Bank of America initiated coverage on shares of Sportradar Group []

Athersys (NASDAQ:ATHX) was downgraded by Bank of America from a buy rating to a neutral rating in a research note issued on Friday, The Fly reports. Separately, Zacks Investment Research cut Athersys from a buy rating to a hold rating in a research note on Monday, October 18th. Athersys stock opened at $1.13 on Friday. []

Bank of America Corp DE reduced its position in shares of Inspire Medical Systems, Inc. (NYSE:INSP) by 10.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,515 shares of the companys stock after selling 10,098 shares during the period. Bank of []

Bank of America Corp DE increased its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 4,156.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 635,666 shares of the companys stock after acquiring an additional 620,733 shares during the period. Bank of America Corp DEs holdings in UP Fintech were worth $18,421,000 as []

Bank of America Corp DE cut its position in Penumbra, Inc. (NYSE:PEN) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,220 shares of the companys stock after selling 3,264 shares during the period. Bank of America Corp []

Bank of America Corp DE increased its stake in US Foods Holding Corp. (NYSE:USFD) by 25.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 465,932 shares of the companys stock after purchasing an additional 95,941 shares during the period. Bank of America []

Analysts at BMO Capital Markets began coverage on shares of Biogen (NASDAQ:BIIB) in a report released on Thursday, The Fly reports. The firm set an outperform rating on the biotechnology companys stock. Other analysts have also issued research reports about the company. Bank of America cut their price objective on Biogen from $400.00 to $360.00 []

Bank of America announced its foundation has awarded more than $6 million in grants to 65 Detroit area organizations that create pathways to employment, provide job training, support food access and distribution. This announcement is part of the bank''s annual Day of Giving (Nov. 18), which celebrates the full scope of the bank''s support to advance economic mobility throughout the City of Detroit.

Darlene Pasquill of Mizuho wins for Leadership; Hayley Boesky of BofA takes Lifetime Achievement; Positive Impact to Kate Burke of AB.