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Bank of America Corp (BAC)

BAC on New York Consolidated

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25 Apr 2017
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Latest Key Developments (Source: Significant Developments)

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

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

More From Around the Web

Fitch: Bank of America's Earnings Continue to Improve

(The following statement was released by the rating agency) CHICAGO, April 19 (Fitch) Bank of America Corporation's (BAC) first quarter 2017 (1Q17) earnings continued to show improvement. Reported net income of $4.86 billion in 1Q17 increased 3.4% inclusive of annual compensation accruals from the sequential quarter and 39.8% from the weaker year-ago quarter. The improvements were broad based, with each of the company's business segments generating positive operating leverage on a year-over-year