Edition:
United States

Bank of America Corp (BAC)

BAC on New York Consolidated

30.32USD
23 Apr 2018
Change (% chg)

$0.06 (+0.20%)
Prev Close
$30.26
Open
$30.27
Day's High
$30.40
Day's Low
$30.12
Volume
50,493,957
Avg. Vol
73,480,826
52-wk High
$33.05
52-wk Low
$22.07

Latest Key Developments (Source: Significant Developments)

Bank Of America Reports Qtrly EPS Of $0.62
Monday, 16 Apr 2018 07:00am EDT 

April 16 (Reuters) - Bank of America Corp ::BANK OF AMERICA REPORTS RECORD QUARTERLY EARNINGS OF $6.9 BILLION, EPS $0.62.QTRLY REVENUE, NET OF INTEREST EXPENSE, INCREASED 4% TO $23.1 BILLION.Q1 EARNINGS PER SHARE VIEW $0.59, REVENUE VIEW $23.07 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY PROVISION FOR CREDIT LOSSES STABLE AT $834 MILLION.QTRLY NET INTEREST INCOME (NII) INCREASED $550 MILLION, OR 5%, TO $11.6 BILLION.QTRLY NONINTEREST EXPENSE DECLINED $196 MILLION, OR 1%, TO $13.9 BILLION.QTRLY NONINTEREST INCOME INCREASED $327 MILLION, OR 3%, TO $11.5 BILLION.BANK OF AMERICA - "STRONG CLIENT ACTIVITY, COUPLED WITH A GROWING GLOBAL ECONOMY AND SOLID U.S. CONSUMER ACTIVITY, LED TO RECORD QUARTERLY EARNINGS".QTRLY NET CHARGE-OFFS DECLINED $23 MILLION TO $911 MILLION.BANK OF AMERICA QTRLY CET1 RATIO UNDER BASEL 3 STANDARDIZED APPROACH 11.4 PERCENT.BANK OF AMERICA SAYS "CAREFULLY MANAGED CREDIT COSTS".TAX ACT RESULTED IN AN ONGOING REDUCTION TO EFFECTIVE TAX RATE OF ABOUT 9 PERCENTAGE POINTS.  Full Article

Bank of America in record $42 mln settlement over 'masking' scheme -- NY attorney general
Friday, 23 Mar 2018 10:20am EDT 

March 23 (Reuters) - New york attorney general announces what he calls record $42 million settlement with bank of america over fraudulent 'masking' scheme in electronic trading division:.  Full Article

Bank Of America Says Customers Can Now Add Multiple Payment Cards To Their PayPal Account Directly From App
Tuesday, 20 Mar 2018 09:22am EDT 

March 20 (Reuters) - Bank Of America Corp ::BANK OF AMERICA - CUSTOMERS CAN NOW ADD MULTIPLE CREDIT AND DEBIT CARDS TO THEIR PAYPAL ACCOUNT DIRECTLY FROM BANK’S MOBILE BANKING APP.  Full Article

Bank Of America Says Credit Card Delinquency Rate ‍​1.72 Percent At Feb End
Thursday, 15 Mar 2018 10:59am EDT 

March 15 (Reuters) - Bank Of America Corp ::BANK OF AMERICA - CREDIT CARD DELINQUENCY RATE ‍​1.72 PERCENT AT FEBRUARY END VERSUS 1.70 PERCENT AT JANUARY END - SEC FILING.BANK OF AMERICA - CREDIT CARD CHARGE-OFF RATE WAS ‍​2.78 PERCENT IN FEBRUARY VERSUS 2.58 PERCENT IN JANUARY.  Full Article

Bank Of America Says Will Open More Than 500 New Financial Centers Nationwide Over Next 4 Years
Monday, 26 Feb 2018 02:02pm EST 

Feb 26 (Reuters) - Bank Of America Corp ::BANK OF AMERICA CORP SAYS CO WILL OPEN MORE THAN 500 NEW FINANCIAL CENTERS NATIONWIDE OVER NEXT FOUR YEARS.BANK OF AMERICA CORP SAYS CO'S PLAN INCLUDES LATEST MOVE TO ENTER STATE OF OHIO TO OFFER RETAIL BANKING SERVICES IN CINCINNATI, CLEVELAND, COLUMBUS.BANK OF AMERICA CORP SAYS PLANS TO REDESIGN MORE THAN 1,500 FINANCIAL CENTERS WITH NEW TECHNOLOGY, FURNISHINGS, LAYOUTS.  Full Article

Amazon Has Partnered With Bank Of America For Its Lending Program - CNBC
Wednesday, 14 Feb 2018 05:12pm EST 

Feb 14 (Reuters) - :AMAZON HAS PARTNERED WITH BANK OF AMERICA FOR ITS LENDING PROGRAM - CNBC, CITING SOURCES.  Full Article

Bank Of America Board Approves 2017 Incentive Compensation For Executive Officers‍​
Friday, 9 Feb 2018 01:54pm EST 

Feb 9 (Reuters) - Bank Of America Corp ::BANK OF AMERICA CORP - BOARD APPROVED 2017 INCENTIVE COMPENSATION FOR CO'S EXECUTIVE OFFICERS, INCLUDING CHAIRMAN AND CEO BRIAN T. MOYNIHAN‍​.BANK OF AMERICA CORP - BRIAN MOYNIHAN’S ANNUAL BASE SALARY REMAINS UNCHANGED AT $1.5 MILLION - SEC FILING.BANK OF AMERICA CORP - AGGREGATE VALUE OF BRIAN MOYNIHAN’S 2017 EQUITY INCENTIVE AWARD IS $21.5 MILLION, 50% OF WHICH IS PERFORMANCE RSUS.  Full Article

AT&T Has Engaged Bank Of America To Explore Divestiture Of Its Data Centers- WSJ
Thursday, 1 Feb 2018 05:53pm EST 

Feb 1 (Reuters) - :AT&T HAS ENGAGED BANK OF AMERICA CORP TO EXPLORE A DIVESTITURE OF ITS DATA CENTERS- WSJ,CITING SOURCES.  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

Charter Court to sell interest Charter Mortgage Funding 2017-1
Tuesday, 16 Jan 2018 02:00am EST 

Jan 16 (Reuters) - Charter Court Financial Services Group Plc ::DISPOSAL OF ECONOMIC INTEREST IN CMF 2017-1.HAS AGREED TO SELL ITS ENTIRE ECONOMIC INTEREST IN CHARTER MORTGAGE FUNDING 2017-1 PLC SECURITISATION.SALE TO TO MERRILL LYNCH INTERNATIONAL ("BOFAML") FOR CASH CONSIDERATION OF £26.5 MILLION.  Full Article

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Wells Fargo loses steam in commercial lending as rivals pounce

NEW YORK Wells Fargo & Co's two biggest competitors have been nabbing market share in lending to commercial and industrial customers in the American heartland, a sign of how difficult it has become for the scandal-tarnished bank to defend its position against rivals.