Eagle Point Credit Company Inc. (ECC) At $18.17 Forms Bottom; Arete Wealth Advisors Has Cut Its Bank Of America (BAC) Holding

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Arete Wealth Advisors Llc decreased Bank Of America Corporation (BAC) stake by 14.83% reported in 2018Q1 SEC filing. Arete Wealth Advisors Llc sold 33,710 shares as Bank Of America Corporation (BAC)’s stock declined 6.97%. The Arete Wealth Advisors Llc holds 193,566 shares with $5.81M value, down from 227,276 last quarter. Bank Of America Corporation now has $285.83 billion valuation. The stock decreased 1.67% or $0.48 during the last trading session, reaching $28.19. About 102.44M shares traded or 53.90% up from the average. Bank of America Corporation (NYSE:BAC) has risen 29.72% since July 1, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 27/04/2018 – Bank of America Executive Fights Back After Firing; 11/05/2018 – BAML Global Monetary Policy Forecasts as of May 10 (Table); 29/05/2018 – Xcel Energy Presenting at Bank of America Conference Tomorrow; 27/03/2018 – KAR Auction Presenting at Bank of America Conference Tomorrow; 10/05/2018 – Esperion Therapeutics at Bank of America Conference May 15; 08/05/2018 – C.H. ROBINSON TO PARTICIPATE IN BANK OF AMERICA MERRILL LYNCH 2; 30/05/2018 – R21 Holdings: Bank of Amer Merrill Lynch Increased Line of Credit to $145 Million; 29/03/2018 – MOVES-Merrill Lynch hires former FINRA top cop Susan Axelrod; 01/05/2018 – Bank Of America: Eight in 10 Atlanta Entrepreneurs Foresee Long-Term Growth – Highest Since 2014 – Tuesday, May 1, 2018 9:00; 10/05/2018 – Bank of America raised the average forecast for Brent crude to $70 this year and $75 per barrel next year

Eagle Point Credit Company Inc. (ECC) formed multiple bottom with $16.53 target or 9.00% below today’s $18.17 share price. Eagle Point Credit Company Inc. (ECC) has $387.80M valuation. The stock decreased 0.27% or $0.05 during the last trading session, reaching $18.17. About 67,741 shares traded. Eagle Point Credit Company Inc. (NYSE:ECC) has declined 7.82% since July 1, 2017 and is downtrending. It has underperformed by 20.39% the S&P500.

Investors sentiment increased to 8 in Q1 2018. Its up 6.71, from 1.29 in 2017Q4. It improved, as 1 investors sold Eagle Point Credit Company Inc. shares while 1 reduced holdings. 6 funds opened positions while 10 raised stakes. 5.25 million shares or 146.38% more from 2.13 million shares in 2017Q4 were reported. Plante Moran Financial Advsr Limited Liability holds 0.02% of its portfolio in Eagle Point Credit Company Inc. (NYSE:ECC) for 1,672 shares. State Bank Of America De stated it has 5,228 shares. Citigroup has 0% invested in Eagle Point Credit Company Inc. (NYSE:ECC). Focused Wealth holds 0% or 380 shares in its portfolio. Pnc Finance Group, Pennsylvania-based fund reported 206,376 shares. Asset Mngmt Incorporated owns 0.04% invested in Eagle Point Credit Company Inc. (NYSE:ECC) for 17,639 shares. Bard Associates Inc holds 1.19% or 131,233 shares in its portfolio. Freestone Capital Limited Liability Corp holds 335,915 shares. Ares Mngmt Limited Liability Com has invested 0.04% in Eagle Point Credit Company Inc. (NYSE:ECC). Manufacturers Life Insur Communication The has 0% invested in Eagle Point Credit Company Inc. (NYSE:ECC). Oppenheimer & Co has 0% invested in Eagle Point Credit Company Inc. (NYSE:ECC). Thomas J Herzfeld Advsrs Inc reported 322,655 shares. Penn Mutual Life Insurance has 82,000 shares for 1.07% of their portfolio. Wells Fargo Com Mn invested in 0% or 1,520 shares. Millennium Ltd Co holds 0% or 22,020 shares.

Analysts await Eagle Point Credit Company Inc. (NYSE:ECC) to report earnings on August, 21. They expect $0.24 earnings per share, down 54.72% or $0.29 from last year’s $0.53 per share. ECC’s profit will be $5.12 million for 18.93 P/E if the $0.24 EPS becomes a reality. After $0.50 actual earnings per share reported by Eagle Point Credit Company Inc. for the previous quarter, Wall Street now forecasts -52.00% negative EPS growth.

Among 13 analysts covering Bank of America (NYSE:BAC), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Bank of America had 15 analyst reports since January 2, 2018 according to SRatingsIntel. Jefferies maintained the shares of BAC in report on Monday, April 16 with “Buy” rating. Citigroup maintained Bank of America Corporation (NYSE:BAC) on Tuesday, April 24 with “Neutral” rating. Nomura maintained the shares of BAC in report on Monday, April 16 with “Buy” rating. The rating was maintained by Oppenheimer with “Buy” on Monday, March 26. The stock has “Hold” rating by Societe Generale on Tuesday, January 9. Robert W. Baird maintained it with “Hold” rating and $30.0 target in Tuesday, January 2 report. The firm has “Buy” rating given on Wednesday, April 4 by Keefe Bruyette & Woods. The company was maintained on Friday, January 19 by Sandler O’Neill. On Monday, April 16 the stock rating was initiated by Vining Sparks with “Buy”. Credit Suisse maintained it with “Outperform” rating and $36 target in Friday, March 16 report.

Arete Wealth Advisors Llc increased International Business Machs (NYSE:IBM) stake by 4,310 shares to 10,880 valued at $1.67M in 2018Q1. It also upped Powershares Qqq Trust (QQQ) stake by 2,593 shares and now owns 15,847 shares. Advent Claymore Cv Secs & In (AVK) was raised too.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Investorplace.com which released: “Bank of America Is a Bargain Heading Into Earnings” on June 26, 2018, also Bizjournals.com with their article: “Charlotte’s largest banks plan dividend increases, billions in buybacks” published on June 29, 2018, Seekingalpha.com published: “Morgan Stanley, Bank of America, Ally, US Bank release capital return plans” on June 28, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Finance.Yahoo.com and their article: “3 Big Stock Charts for Tuesday: Bank of America, American Express and Marsh & McLennan” published on June 26, 2018 as well as Seekingalpha.com‘s news article titled: “Bank Of America: More Tailwinds” with publication date: June 03, 2018.

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