Bank of America Corp (BAC.N)
22 Jul 2016
(The following statement was released by the rating agency) CHICAGO, July 19 (Fitch) Bank of America's (BAC) second quarter 2016 earnings improved relative to the sequential period due to better market conditions and continued expense management efforts, according to Fitch Ratings. BAC's total revenue expanded 4.5% from the sequential quarter but declined 7% from the year-ago quarter. Overall return on average assets (ROA) was 0.78% in 2Q16, up from 0.50% in the sequential quarter but down
NEW YORK Bank of America's wealth business is struggling to retain younger financial advisers, who are having a hard time meeting revenue targets because they have a small book of business, Chief Executive Brian Moynihan said on Monday. | Video
NEW YORK, July 18 Bank of America's wealth unit is losing financial advisers who cannot meet performance targets because their books of business are too small, Chief Executive Brian Moynihan said on Monday.
NEW YORK, July 18 Bank of America's wealth unit is losing financial advisers with small books of business who cannot meet performance targets, Chief Executive Brian Moynihan said on Monday.
* Says on July 15, 2016 entered into an unsecured credit agreement with Bank of America - SEC filing
NEW YORK, July 15 Just as mortgage bankers were preparing for the end of a historic boom driven by low interest rates, borrowers have begun knocking at their doors again.
* Bank Of America reports Q2-16 net income of $4.2 billion, EPS of $0.36
July 18 Bank of America Corp, the second-largest U.S. bank by assets, reported a 19.4 percent fall in quarterly profit on Monday as it set aside more money to cover potential bad loans and earned less on its loans.
* Credit card delinquency rate percent at June-end 1.49 percent versus 1.50 percent at May-end - SEC filing
BRIEF-Bank of America says corporation changed basis of presentation of operations by eliminating legacy assets & servicing segment, effective April 1
* Effective April 1, 2016, corporation changed its basis of presentation of operations by eliminating legacy assets & servicing segment