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Bank of America Corp (BAC)

BAC on New York Consolidated

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20 Nov 2017
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Latest Key Developments (Source: Significant Developments)

‍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

Bank of America, Paypal partner to enable in-store payments and account linking
Wednesday, 26 Jul 2017 04:15pm EDT 

July 26 (Reuters) - Paypal Holdings Inc ::Bank Of America and Paypal partner to enable in-store payments and account linking.Says ‍agreement will offer joint customers a secure way to pay online, in apps and in stores​.Paypal Holdings Inc - ‍agreement will take effect immediately​.Paypal Holdings Inc - ‍agreement will take effect immediately, with new experiences available to Bank Of America customers in first half of 2018​.  Full Article

Global Logistic Properties says Bank Of America Corp raised deemed interest in Co
Wednesday, 19 Jul 2017 05:36am EDT 

July 19 (Reuters) - Global Logistic Properties :Says Bank Of America Corp increased deemed interest in Co to 11.22 percent from 10.99 percent.  Full Article

Bank of America reports Q2 earnings per share of $0.46
Tuesday, 18 Jul 2017 06:56am EDT 

July 18 (Reuters) - Bank of America Corp ::Reports Q2-17 net income of $5.3 billion, EPS up 12 percent to $0.46.Quarterly revenue, net of interest expense, increased 7 percent to $22.8 billion from $21.3 billion.Q2 earnings per share view $0.43, revenue view $21.78 billion -- Thomson Reuters I/B/E/S.Quarterly provision for credit losses improved 26 percent to $726 million from $976 million.Quarterly net interest income (NII) increased 9 percent to $11.0 billion.Quarterly net charge-offs declined 8 percent to $908 million from $985 million.Quarterly noninterest income increased 6 percent to $11.8 billion.Quarterly noninterest expense rose 2 percent to $13.7 billion.Quarterly net charge-offs declined 8 percent to $908 million from $985 million.Bank Of America Corp's CFO says "client activity remained strong across the franchise with increased loans and deposits".CEO Moynihan says "All of our businesses delivered strong results, with several setting new records"‍​.Q2 estimated CET1 ratio under Basel 3 standardized approach on fully phased-in basis 12 percent versus 11.6 percent in Q1.Quarterly net charge-off ratio declined to 0.40 percent from 0.44 percent‍​.  Full Article

Altice shares fall as Bank of America Merrill Lynch cuts rating on stock

PARIS, Nov 21 Altice shares fell on Tuesday, after Bank of America Merrill Lynch cut its rating on the telecoms and cable group to "neutral" from "buy", with the investment bank citing the impact of lower expectations for Altice's French business.