Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) Is At $12.06 Formed Wedge; Blue Ridge Capital Decreased Bank Amer (BAC) Holding By $230.66 Million

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Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) formed wedge down with $11.34 target or 6.00% below today’s $12.06 share price. Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) has $1.06B valuation. The stock 0.04% or $0 during the last trading session, reaching $12.06. It is down 6.06% since April 14, 2017 and is downtrending. It has underperformed by 17.61% the S&P500.

Blue Ridge Capital Llc decreased Bank Amer Corp (BAC) stake by 62.98% reported in 2017Q4 SEC filing. Blue Ridge Capital Llc sold 7.95M shares as Bank Amer Corp (BAC)’s stock declined 1.20%. The Blue Ridge Capital Llc holds 4.68 million shares with $138.04M value, down from 12.63M last quarter. Bank Amer Corp now has $304.68B valuation. The stock decreased 2.77% or $0.85 during the last trading session, reaching $29.8. About 99.25 million shares traded or 29.22% up from the average. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 14, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on April, 17. They expect $0.59 EPS, up 43.90% or $0.18 from last year’s $0.41 per share. BAC’s profit will be $6.03B for 12.63 P/E if the $0.59 EPS becomes a reality. After $0.47 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 25.53% EPS growth.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 109 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, October 16 by UBS. The rating was maintained by Jefferies on Tuesday, June 6 with “Buy”. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by BMO Capital Markets on Wednesday, April 12. On Wednesday, April 5 the stock rating was maintained by RBC Capital Markets with “Buy”. On Tuesday, December 5 the stock rating was maintained by Raymond James with “Buy”. The rating was maintained by Deutsche Bank on Wednesday, August 12 with “Buy”. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Thursday, June 1 by Credit Suisse. The stock has “Neutral” rating by Citigroup on Monday, October 9. As per Thursday, September 14, the company rating was maintained by Jefferies. As per Tuesday, September 1, the company rating was upgraded by Macquarie Research.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.15, from 1.04 in 2017Q3. It increased, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. 66,380 are owned by Longer. 28,212 are held by Ntv Asset Mgmt Llc. Carlson LP stated it has 400,802 shares or 0.2% of all its holdings. Cambridge holds 22,161 shares. Park Circle accumulated 1,000 shares. Boston Prtn invested 2.44% of its portfolio in Bank of America Corporation (NYSE:BAC). Lincluden accumulated 461,086 shares. Senator Invest Grp Ltd Partnership reported 11.00 million shares. Ing Groep Nv invested 10.26% of its portfolio in Bank of America Corporation (NYSE:BAC). Forbes J M And Commerce Llp reported 274,818 shares. Hm Capital Management Lc stated it has 0.17% of its portfolio in Bank of America Corporation (NYSE:BAC). Int Gru Inc reported 3.29M shares stake. Augustine Asset Mngmt Inc holds 0.35% of its portfolio in Bank of America Corporation (NYSE:BAC) for 20,716 shares. Intact Invest stated it has 0.04% in Bank of America Corporation (NYSE:BAC). Fiera invested 0.03% of its portfolio in Bank of America Corporation (NYSE:BAC).

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart