Edition:
United States

Bank of America Corp (BAC)

BAC on New York Consolidated

30.44USD
23 May 2018
Change (% chg)

$-0.45 (-1.46%)
Prev Close
$30.89
Open
$30.71
Day's High
$30.76
Day's Low
$30.08
Volume
66,025,769
Avg. Vol
72,419,306
52-wk High
$33.05
52-wk Low
$22.07

Latest Key Developments (Source: Significant Developments)

Bank Of America Announces Redemption Of $3.5 Bln Of Trust Preferred Securities
Monday, 30 Apr 2018 03:46pm EDT 

April 30 (Reuters) - Bank of America Corp ::BANK OF AMERICA ANNOUNCES REDEMPTION OF $3.5 BILLION OF TRUST PREFERRED SECURITIES.  Full Article

Bank Of America Corp Files For Potential Mixed Shelf Offering; Size Not Disclosed
Monday, 30 Apr 2018 09:27am EDT 

April 30 (Reuters) - Bank of America Corp ::BANK OF AMERICA CORP FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

BaFin Imposes 1.34 Mln Euro Fine On Bank Of America
Thursday, 26 Apr 2018 05:50am EDT 

April 26 (Reuters) - German financial watchdog Bafin::SAYS IMPOSES FINE OF 1.34 MLN EUROS ON BANK OF AMERICA <<>>.SAYS BANK OF AMERICA FAILED TO PUBLISH NOTIFICATIONS ON VOTING RIGHTS, INSTRUMENTS IN PRESCRIBED TIMEFRAME.  Full Article

Bank Of America Sets Regular Quarterly Cash Dividend Of $0.12 Per Share
Wednesday, 25 Apr 2018 03:28pm EDT 

April 25 (Reuters) - Bank of America Corp ::BANK OF AMERICA CORP - BOARD DECLARED A REGULAR QUARTERLY CASH DIVIDEND ON BANK OF AMERICA COMMON STOCK OF $0.12 PER SHARE.  Full Article

Bank Of America's Credit Card Delinquency Rate 1.69 Pct At March End
Monday, 16 Apr 2018 10:24am EDT 

April 16 (Reuters) - Bank of America Corp ::SAYS CREDIT CARD DELINQUENCY RATE 1.69 PERCENT AT MARCH END VERSUS 1.72 PERCENT AT FEBRUARY END - SEC FILING.SAYS CREDIT CARD CHARGE-OFF RATE WAS 2.81 PERCENT IN MARCH VERSUS 2.78 PERCENT IN FEBRUARY.  Full Article

Bank Of America Declares Qtrly Cash Dividend Of $0.12/Share
Wednesday, 31 Jan 2018 10:20am EST 

Jan 31 (Reuters) - Bank Of America Corp ::BANK OF AMERICA - DECLARED A REGULAR QUARTERLY CASH DIVIDEND ON BANK OF AMERICA COMMON STOCK OF $0.12 PER SHARE.  Full Article

Bank Of America Says Q1 2018 Expenses Expected To Include About $0.4 Billion For Seasonally Elevated Payroll Tax Costs - SEC Filing
Wednesday, 17 Jan 2018 07:58am EST 

Jan 17 (Reuters) - Bank Of America Corp ::BANK OF AMERICA SAYS COMPARED TO Q4 2017, Q1 2018 EXPENSES EXPECTED TO INCLUDE ABOUT $0.4 BILLION FOR SEASONALLY ELEVATED PAYROLL TAX COSTS - SEC FILING.  Full Article

Bank Of America Reports Q4 2017 Shr $0.20
Wednesday, 17 Jan 2018 07:18am EST 

Jan 17 (Reuters) - Bank Of America Corp ::BANK OF AMERICA REPORTS Q4-17 NET INCOME OF $2.4 BILLION, EPS $0.20.BANK OF AMERICA SAYS Q4-17 RESULTS INCLUDE CHARGE OF $2.9 BILLION, OR $0.27 PER DILUTED SHARE, FOR THE TAX ACT.BANK OF AMERICA SAYS Q4-17 REVENUE, NET OF INTEREST EXPENSE, INCREASED 2% TO $20.4 BILLION FROM $20.0 BILLION.BANK OF AMERICA SAYS Q4-17 NET INTEREST INCOME INCREASED $1.2 BILLION, OR 11%, TO $11.5 BILLION.BANK OF AMERICA SAYS Q4-17 NONINTEREST INCOME DECREASED $724 MILLION, OR 7%, TO $9.0 BILLION.BANK OF AMERICA SAYS Q4-17 NET CHARGE-OFFS ROSE TO $1.2 BILLION FROM $880 MILLION.BANK OF AMERICA SAYS Q4-17 PROVISION FOR CREDIT LOSSES ROSE TO $1.0 BILLION FROM $774 MILLION.QTRLY NONINTEREST EXPENSE DECLINED $139 MILLION, OR 1%, TO $13.3 BILLION‍​.BANK OF AMERICA - "CLIENT ACTIVITY WAS STRONG ACROSS ALL OF OUR BUSINESSES IN 2017".QTRLY ESTIMATED CET1 RATIO UNDER BASEL 3 STANDARDIZED APPROACH ON FULLY PHASED-IN BASIS 11.7 PERCENT VERSUS 12.2 PERCENT IN Q3.EXCLUDING TAX ACT IMPACT, Q4 SHR $0.47.Q4 EARNINGS PER SHARE VIEW $0.44, REVENUE VIEW $21.53 BILLION -- THOMSON REUTERS I/B/E/S.- Q4-17 RESULTS INCLUDED A $379 MILLION TAX BENEFIT FROM THE RESTRUCTURING OF CERTAIN SUBSIDIARIES.BANK OF AMERICA - EXCLUDING NET DVA, SALES AND TRADING REVENUE DECLINED 9 PERCENT TO $2.7 BILLION IN QUARTER.BANK OF AMERICA - QTRLY FIXED INCOME, CURRENCIES AND COMMODITIES REVENUE FELL 13 PERCENT, DUE TO LOWER VOLATILITY & CLIENT ACTIVITY ACROSS MACRO PRODUCTS.  Full Article

SA's Competition Tribunal says Bank Forex Hearing Delayed
Wednesday, 17 Jan 2018 04:56am EST 

Jan 17 (Reuters) - SA'S COMPETITION TRIBUNAL- :BANK FOREX HEARING DELAYED AFTER COMMISSION NOTIFIED ITS INTENTION TO JOIN NEW APPLICANTS‍​.ORDERED THAT ALL EXCEPTION APPLICATIONS BROUGHT BY RESPONDENTS IN COMPETITION COMMISSION VERSUS BANK OF AMERICA MERRILL LYNCH BE HEARD FROM JAN 24-26.ALL EXCEPTION APPLICATIONS IN MATTER, SET DOWN FOR HEARING FROM 24-26 JANUARY 2018, ARE POSTPONED SINE DIE, PENDING NEW DIRECTIONS.  Full Article

Bank Of America Says Credit Card Charge-Off Rate 2.6% In Dec Vs 2.74% In Nov
Tuesday, 16 Jan 2018 02:04pm EST 

Jan 16 (Reuters) - Bank Of America Corp ::BANK OF AMERICA - CREDIT CARD CHARGE-OFF RATE WAS 2.60 PERCENT IN DECEMBER VERSUS 2.74 PERCENT IN NOVEMBER.BANK OF AMERICA - CREDIT CARD DELINQUENCY RATE 1.66 PERCENT AT DECEMBER END VERSUS 1.64 PERCENT AT NOVEMBER END - SEC FILING.  Full Article