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Bank of America Corp (BAC)

BAC on New York Consolidated

27.17USD
20 Oct 2017
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$0.59 (+2.22%)
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Latest Key Developments (Source: Significant Developments)

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

Bank of America plans to eliminate about dozen senior positions at its corporate and investment banking operations in Asia - Bloomberg, citing sources
Monday, 26 Sep 2016 06:48am EDT 

Bank Of America : Plans to eliminate about dozen senior positions at its corporate and investment banking operations in Asia - Bloomberg, citing sources .Reductions will involve managing directors and directors and will be spread across region ; could start as early as Wednesday - Bloomberg, citing sources.  Full Article

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Burger King operator BK Brasil files for IPO in wave of listings

BRASILIA/SAO PAULO BK Brasil Operação e Assessoria a Restaurantes SA, operator of the Burger King fast-food chain in Brazil, will list an undisclosed amount of new shares on the country's stock exchange, the latest in a year-long wave of initial public offerings.