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Bank of America Corp (BAC)

BAC on New York Consolidated

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23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Bank of America submits application for delisting from TSE
2:30am EDT 

Bank of America Corp :Says co submits application on March 23 for delisting from Tokyo Stock Exchange.  Full Article

Bank Of America CEO Brian Moynihan's FY 2016 total compensation $15.9 mln
Wednesday, 15 Mar 2017 11:10am EDT 

Bank Of America Corp : Bank Of America Corp - CEO Brian Moynihan's FY 2016 total compensation $15.9 million versus $13.8 million in FY 2015 - sec filing . Bank Of America Corp - CFO Paul Donofrio's total 2016 compensation was $10.6 million versus $10.6 million in 2015 - sec filing . Bank Of America Corp - chief operating officer Thomas K. Montag's 2016 total compensation was $15.7 million versus $14.8 million in 2015 .Bank Of America Corp says chief risk officer Geoffrey S. Greener's total 2016 compensation was $9.5 million versus $8.7 million in 2015.  Full Article

Bank of America decides to delist from TSE
Thursday, 23 Feb 2017 09:08pm EST 

Bank of America Corp : Says it decides to apply for delisting from Tokyo Stock Exchange (TSE) . Says co plans to submit the application in late-March and expects delisting will be effective from early-May .Co is still being listed on New York Stock Exchange.  Full Article

BofA says total liabilities were about $1.9 trillion at end of Dec 2016
Thursday, 23 Feb 2017 05:04pm EST 

Bank Of America Corp : Bank of America says at Dec 31, 2016, total liabilities were about $1.9 trillion, up $32.8 billion from Dec 31, 2015 - SEC filing .Bank of America - On January 13, 2017, announced plan to repurchase additional $1.8 billion of common stock during first half of 2017.  Full Article

Zurich Insurance proposes Catherine P. Bessant to join board of directors
Wednesday, 8 Feb 2017 11:50am EST 

Zurich Insurance Group Ag says : proposes Catherine P. Bessant for election to board of directors . election will take place at the Annual General Meeting on March 29, 2017 . Bessant has been Chief Operations and Technology Officer at Bank of America since 2010 . all the current board members will stand for re-election for another one-year term Further company coverage: [ZURN.S] (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Bank of America Q4 results press release
Friday, 13 Jan 2017 06:45am EST 

quarter earnings press release::.  Full Article

Bank of America reports Q4 EPS of $0.40
Friday, 13 Jan 2017 06:43am EST 

Bank Of America Corp : Bank of America reports Q4-16 net income of $4.7 billion, EPS of $0.40 . Qtrly noninterest expense declined 6%, or $849 million, to $13.2 billion . increases planned common stock repurchases for first-half 2017 by $1.8 billion to $4.3 billion . Qtrly non-interest income decreased 2% to $9.7 billion from $9.9 billion . Qtrly provision for credit losses declined to $774 million from $810 million . Qtrly revenue, net of interest expense, increased 2% to $20.0 billion from $19.6 billion . Qtrly net charge-off ratio decreased to 0.39% from 0.40% in Q3-16 . Qtrly total net charge-offs declined to $880 million from $888 million in Q3-16 . Q4 estimated CET1 ratio (Basel 3 standardized, fully phased-in) 11.5 percent versus 11.8 percent in Q3 . Qtrly net interest income (NII) increased 6% to $10.3 billion . "expect to see a significant increase in net interest income in the first quarter of 2017" . Bank of America CEO Moynihan says "we are lending more and seeing historically low charge-offs" . "recent rise in interest rates came too late to impact fourth-quarter results" . Q4 earnings per share view $0.38, revenue view $20.85 billion -- Thomson Reuters I/B/E/S Source (http://bit.ly/2jLKiuQ) Further company coverage: [BAC.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Lloyds leading bidder to buy BOFA’s UK credit card business- FT, citing sources
Sunday, 20 Nov 2016 01:44pm EST 

: Lloyds leading bidder to buy BOFA's UK credit card business- FT, citing sources Source http://on.ft.com/2g7qagW ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Bank of America declares quarterly dividend of $0.075/share
Thursday, 27 Oct 2016 11:45am EDT 

Bank Of America Corp :Board of directors declared a regular quarterly cash dividend on bank of america common stock of $0.075 per share.  Full Article

Bank Of America says Merrill Lynch Wealth Management head John Thiel to step down
Thursday, 6 Oct 2016 12:00pm EDT 

Bank Of America Corp: Bank Of America announces Merrill Lynch Wealth Management leadership changes . Andy Sieg to succeed Thiel as head of Merrill Lynch Wealth Management . John Thiel, current head of Merrill Lynch Wealth Management, has decided to step down from his position .John Thiel will take on a new role as vice chairman of global wealth and investment management (GWIM), effective January 1, 2017.  Full Article

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BRIEF-Bank of America submits application for delisting from TSE

* Says co submits application on March 23 for delisting from Tokyo Stock Exchange