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United States

Bank of America Corp (BAC)

BAC on New York Consolidated

29.04USD
15 Dec 2017
Change (% chg)

$0.31 (+1.08%)
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Latest Key Developments (Source: Significant Developments)

Bank of America Names Maria Zuber to Board
Thursday, 14 Dec 2017 10:56am EST 

Dec 14 (Reuters) - Bank of America Corp ::BANK OF AMERICA NAMES MARIA ZUBER TO BOARD OF DIRECTORS.ZUBER HAS BEEN APPOINTED TO ENTERPRISE RISK & CORPORATE GOVERNANCE COMMITTEES OF BOARD.ZUBER CURRENTLY SERVES AS E. A. GRISWOLD PROFESSOR OF GEOPHYSICS & VICE PRESIDENT FOR RESEARCH AT MIT.  Full Article

First American Announces Agreement To Acquire Bank Of America’S Lien Release Business Operations And Assets
Friday, 8 Dec 2017 09:00am EST 

Dec 8 (Reuters) - First American Financial Corp ::FIRST AMERICAN ANNOUNCES AGREEMENT TO ACQUIRE BANK OF AMERICA’S LIEN RELEASE BUSINESS OPERATIONS AND ASSETS.FIRST AMERICAN FINANCIAL CORP - ‍ BANK OF AMERICA'S LIEN RELEASE BUSINESS AND ITS EMPLOYEES WILL BECOME PART OF CO'S MORTGAGE SOLUTIONS DIVISION​.FIRST AMERICAN FINANCIAL CORP - ‍ ACQUISITION WILL INCLUDE AGREEMENT TO CONTINUE TO PROVIDE LIEN RELEASE SERVICES TO BANK OF AMERICA​.  Full Article

Bank Of America Increases Planned Common Stock Repurchase Program
Tuesday, 5 Dec 2017 08:06am EST 

Dec 5 (Reuters) - Bank Of America Corp ::BANK OF AMERICA INCREASES PLANNED COMMON STOCK REPURCHASE PROGRAM.SAYS ‍BANK OF AMERICA CORPORATION TODAY ANNOUNCED PLANS TO REPURCHASE AN ADDITIONAL $5 BILLION IN COMMON STOCK BY JUNE 30, 2018​.SAYS FEDERAL RESERVE BOARD HAS INFORMED CO THAT IT HAS APPROVED ADDITIONAL REPURCHASES.SAYS ADDITIONAL CAPITAL DISTRIBUTION OFFSETS INCREASED REGULATORY CAPITAL FROM ISSUANCE OF STOCK UPON BERKSHIRE'S EXERCISE OF WARRANTS.SAYS ADDITIONAL CAPITAL DISTRIBUTION ALSO OFFSETS INCREASED CAPITAL FROM SALE OF NON-U.S. CONSUMER CREDIT CARD BUSINESS.  Full Article

‍United Airlines appoints Janet Lamkin as President, California​
Wednesday, 8 Nov 2017 10:07am EST 

Nov 8 (Reuters) - ‍United Airlines: :‍United Airlines says appointment of Janet Lamkin as President, California​.‍United Airlines says Janet Lamkin comes to united from Bank of America, where she most recently served as President, California​.  Full Article

Bank of America declares qtrly dividend of $0.12 per share​
Wednesday, 25 Oct 2017 11:53am EDT 

Oct 25 (Reuters) - Bank of America Corp ::Board of directors declared a regular quarterly cash dividend on Bank of America common stock of $0.12 per share​.  Full Article

‍UK'S FCA fines Merrill Lynch 34.5 mln pounds for failing to report transactions​
Monday, 23 Oct 2017 05:12am EDT 

Oct 23 (Reuters) - UK'S FCA::FINES MERRILL LYNCH £34.5 MILLION FOR FAILING TO REPORT TRANSACTIONS.MERRILL LYNCH INTERNATIONAL AGREED TO SETTLE AT AN EARLY STAGE OF THE INVESTIGATION AND RECEIVED A 30% REDUCTION IN THEIR OVERALL FINE‍​‍​."THIS IS THE FIRST ENFORCEMENT ACTION AGAINST A FIRM FOR FAILING TO REPORT DETAILS OF TRADING IN EXCHANGE TRADED DERIVATIVES, UNDER EMIR"‍​​.  Full Article

Bank of America posts qtrly ‍​earnings per share of $0.48‍​‍​
Friday, 13 Oct 2017 07:04am EDT 

Oct 13 (Reuters) - Bank of America Corp ::Bank of America reports q3-17 net income of $5.6 billion.Qtrly ‍​EPS up 17% TO $0.48‍​.Qtrly revenue, net of interest expense, increased 1% to $21.8 billion from $21.6 billion.Q3 earnings per share view $0.45, revenue view $21.98 billion -- Thomson Reuters I/B/E/S.Qtrly provision for credit losses decreased 2% to $834 million from $850 million.Qtrly net interest income (NII) increased $960 million, or 9%, to $11.2 billion.Qtrly net charge-offs increased 1% to $900 million from $888 million.Qtrly estimated CET1 ratio under basel 3 standardized approach on fully phased-in basis 12.2 percent versus 12 percent in q2.Qtrly noninterest income decreased $756 million, or 7%, to $10.7 billion.Qtrly noninterest expense declined $342 million, or 3%, to $13.1 billion ‍​.Bank of America's Moynihan says "revenue across our four lines of business grew 4 percent, even with a challenging comparable quarter for trading".Bank of America CFO says "client activity remained strong across the franchise" in quarter.  Full Article

Bank of America Q3 results press release
Friday, 13 Oct 2017 06:53am EDT 

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

Bank of America venture trims 10 pct of staff as part of digital push - WSJ
Tuesday, 26 Sep 2017 02:39pm EDT 

Sept 26 (Reuters) - :Bank of America venture trims 10 pct of staff as part of digital push; about 250 employees lose jobs as part of restructuring - WSJ, citing sources.  Full Article

Temasek Holdings (Private) Ltd dissolves share stake in Snap, takes share stake in BofA
Monday, 14 Aug 2017 08:59am EDT 

Aug 14 (Reuters) - Temasek Holdings (Private) Ltd::Dissolves share stake in Snap Inc - SEC filing‍​.Takes share stake of 798,123 shares in Bank of America - SEC filing‍​.Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017‍​.  Full Article

BRIEF-BofA Credit Card Charge-Off, Delinquency Rates for November

* BANK OF AMERICA CORP - CREDIT CARD CHARGE-OFF RATE WAS 2.74 PERCENT IN NOVEMBER VERSUS 2.39 PERCENT IN OCTOBER