Bank of America Corporation (NYSE:BAC), Sphere 3D Corp. (NASDAQ:ANY)

Brian Moynihan and Liu Mingkang

Bank of America Corp (NYSE:BAC) has released its earnings report for the fourth quarter of 2016. The Fed's quarter-point rate increase in December previous year is expected to boost lending margins, and with Bank of America among the most sensitive to interest-rate changes, it would definitely spell good news for the company. 21 given Buy rating to the stock whereas 1 analyst given UNDERPERFORM rating to stock and 3 analysts given HOLD rating. The company had revenue of $21635.00 million for the quarter, compared to analysts expectations of $21038.91 million. The company reached its 52-Week high of $2 on Feb 9, 2016 and 52-Week low of $0.18 on Dec 20, 2016. The Hedge Fund company now holds 19,256 shares of BAC which is valued at $436,726.

Bank of America Corporation (NYSE:BAC) traded 119.96 Million shares and was closed at $22.92 per share.

Earnings reaction history indicates that share price went down 17 times out of last 28 quarters. The company's stock has grown by 17.77 percent in the past 5 years. The company reported the earnings of $0.41/Share in the last quarter where the estimated EPS by analysts was $0.34/share.

Bank of America Corporation is a bank holding company and a 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. JPM return on assets is 0.90%. The most expectant earnings per share estimate of the stock is set at $1.5 while the conservative estimates kept at $1.44 over the current year. That fall sent the price at $36.71 per share as of January 12,2017 when the total trading capacity was lower compared with their three months average volume of 20.38M shares. Company shares were Reiterated by Barclays on Jan 3, 2017 to "Equal Weight", Firm has raised the Price Target to $ 26 from a previous price target of $19.

Following Earnings result, share price were DOWN 6 times out of last 7 Qtrs. The biggest holder now is Kenneth D Lewis who owns 1,430,026 shares (0.01% of those outstanding), whilst Mr. Brian T. Moynihan holds 1,100,710 (0.01% of shares outstanding) and Mr. Bruce E. Thompson holds 905,244 (0.0090% of shares outstanding). On seventh day of the earnings report price change of the stock was 4.20%. (NASDAQ:ANY) is 3. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The company indicates a peak revenue level of $21.87B and $20.42B at bottom level.

When we look at the company's Q4 results, we see that things look even better here: Revenues were up 2% yoy to $20.0 billion, non-interest expenses were down by $800 million, net income was up by $1.4 billion and EPS were up by an huge 48% ($0.40 versus $0.27 in the prior year's quarter).

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