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Bank of America Corp (BAC)

BAC on New York Consolidated

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

Bank of America declares quarterly cash dividend of $0.075/share
Wednesday, 26 Apr 2017 12:45pm EDT 

April 26 (Reuters) - Bank Of America Corp ::Says board declares a regular quarterly cash dividend on Bank of America common stock of $0.075 per share.Board also declared regular quarterly cash dividend of $1.75 per share on the 7 percent cumulative redeemable preferred stock, series B.  Full Article

Bank of America posts Q1 EPS of $0.41
Tuesday, 18 Apr 2017 07:10am EDT 

April 18 (Reuters) - Bank Of America Corp ::Bank of America reports Q1-17 net income of $4.9 billion, EPS of $0.41.Qtrly revenue, net of interest expense, increased 7 pct to $22.2 billion from $20.8 billion.Qtrly provision for credit losses declined 16 pct to $835 million from $997 million.Q1 earnings per share view $0.35, revenue view $21.61 billion -- Thomson Reuters I/B/E/S.Qtrly noninterest income increased 9 pct to $11.2 billion.Qtrly net charge-offs declined 13 pct to $934 million from $1.1 billion.Q1 estimated CET1 ratio (basel 3 standardized) on fully phased-in basis 11.6 percent versus 11.5 percent in Q4.Qtrly net charge-off ratio decreased to 0.42 pct from 0.48 pct.Bank of America Corp CEO says U.S. economy continues to show consumer and business optimism.Qtrly net interest income (NII) increased 5 pct to $11.1 billion.  Full Article

Bank of America says expect NII to increase in Q2
Tuesday, 18 Apr 2017 07:08am EDT 

April 18 (Reuters) - Bank Of America Corp ::Says expect NII to increase in Q2, assuming rates remain at current levels, modest growth in loans and deposits - earnings presentation.  Full Article

Bank of America quarterly results press release
Tuesday, 18 Apr 2017 06:48am EDT 

Please click on the link below for Bank of America's quarterly earnings press release::.  Full Article

Bank of America to be delisted from TSE on May 1
Thursday, 30 Mar 2017 03:39am EDT 

Bank of America Co Ltd :Says co's stock will be delisted from Tokyo Stock Exchange (TSE) on May 1.  Full Article

Merrill Lynch restructures leadership - WSJ, citing a memo
Wednesday, 29 Mar 2017 04:59pm EDT 

:Merrill Lynch restructures leadership; to cut its divisions from 10 to six - WSJ, citing a memo.  Full Article

Bank of America submits application for delisting from TSE
Thursday, 23 Mar 2017 02:30am 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

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BofA opens debate on lowering mortgage down payments

The head of Bank of America Corp , the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20 percent.