iPath US Treasury Long Bond Bear ETN (DLBS) Touches $15.68 Formed H&S; Old National Bancorp Increased Bank Amer (BAC) Holding By $840,048

December 7, 2017 - By Nellie Frank

Old National Bancorp increased Bank Amer Corp (BAC) stake by 10.59% reported in 2017Q2 SEC filing. Old National Bancorp acquired 35,002 shares as Bank Amer Corp (BAC)’s stock declined 6.00%. The Old National Bancorp holds 365,611 shares with $8.87 million value, up from 330,609 last quarter. Bank Amer Corp now has $296.91B valuation. The stock decreased 0.61% or $0.175 during the last trading session, reaching $28.465. About 6.46 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since December 7, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

iPath US Treasury Long Bond Bear ETN (DLBS) formed inverse H&S with $16.15 target or 3.00% above today’s $15.68 share price. iPath US Treasury Long Bond Bear ETN (DLBS) has $17.13M valuation. The stock increased 0.38% or $0.06 during the last trading session, reaching $15.68. About 100 shares traded. iPath US Treasury Long Bond Bear ETN (NASDAQ:DLBS) has risen 16.62% since December 7, 2016 and is uptrending. It has underperformed by 0.08% the S&P500.




Among 31 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 10 Hold. Therefore 68% are positive. Bank of America had 95 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Tuesday, June 6. The company was downgraded on Monday, April 24 by Berenberg. Jefferies maintained Bank of America Corporation (NYSE:BAC) on Wednesday, October 7 with “Buy” rating. On Tuesday, January 3 the stock rating was maintained by Barclays Capital with “Equal Weight”. On Monday, October 16 the stock rating was maintained by BMO Capital Markets with “Market Perform”. On Thursday, December 1 the stock rating was downgraded by Standpoint Research to “Hold”. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, August 23. BMO Capital Markets has “Hold” rating and $27.0 target. Nomura maintained Bank of America Corporation (NYSE:BAC) on Tuesday, July 18 with “Buy” rating. The rating was maintained by Jefferies on Friday, August 11 with “Buy”. Sandler O’Neill upgraded Bank of America Corporation (NYSE:BAC) on Wednesday, January 20 to “Buy” rating.

Old National Bancorp decreased Facebook Inc (NASDAQ:FB) stake by 7,470 shares to 109,506 valued at $16.53M in 2017Q2. It also reduced Berkshire Hathaway Inc Del (BRKB) stake by 3,976 shares and now owns 69,714 shares. Select Sector Spdr Tr (XLP) was reduced too.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. It worsened, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported. 274,959 are held by Riverhead Cap Mgmt Lc. Fifth Third Retail Bank reported 4.38M shares. Neville Rodie And Shaw invested 0.14% in Bank of America Corporation (NYSE:BAC). Price Michael F owns 25,000 shares for 0.07% of their portfolio. 8.05M were reported by Aqr Ltd Limited Liability Company. Phocas Financial Corp holds 5,640 shares or 0.01% of its portfolio. Laurel Grove Capital Ltd stated it has 21,000 shares. Dynamic Mngmt Ltd holds 0.07% or 12,100 shares. Burns J W And Ny stated it has 38,299 shares or 0.25% of all its holdings. Nepsis Mngmt, Minnesota-based fund reported 322,945 shares. Tru Department Mb Retail Bank N A holds 1,599 shares or 0% of its portfolio. Sol Capital Communications has invested 1.24% in Bank of America Corporation (NYSE:BAC). Levin Strategies Ltd Partnership owns 100,366 shares. Weatherly Asset Mngmt Lp stated it has 11,853 shares or 0.08% of all its holdings. Athena Cap Advsr Limited invested 0.48% of its portfolio in Bank of America Corporation (NYSE:BAC).

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