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Bank of America Corp (BAC.N)

BAC.N on New York Stock Exchange

28.40USD
17 May 2019
Change (% chg)

$-0.19 (-0.66%)
Prev Close
$28.59
Open
$28.23
Day's High
$28.63
Day's Low
$28.23
Volume
9,359,098
Avg. Vol
12,488,909
52-wk High
$31.91
52-wk Low
$22.67

Latest Key Developments (Source: Significant Developments)

Bank Of America Raises Minimum Hourly Wage To $17
Wednesday, 15 May 2019 

May 15 (Reuters) - Bank of America Corp ::BANK OF AMERICA RAISES MINIMUM HOURLY WAGE TO $17.BANK OF AMERICA CORP - HOURLY RATE OF PAY WILL CONTINUE TO INCREASE UNTIL IT REACHES $20 IN 2021.  Full Article

Board Of Bank Of America Corp Declared A Regular Quarterly Cash Dividend On Bank Of America Common Stock
Thursday, 25 Apr 2019 

April 24 (Reuters) - Bank of America Corp ::BANK OF AMERICA CORP - BOARD OF DIRECTORS DECLARED A REGULAR QUARTERLY CASH DIVIDEND ON BANK OF AMERICA COMMON STOCK OF $0.15 PER SHARE.  Full Article

Bank Of America says 2019 Expenses Expected To Approximate Prior Year
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Bank of America Corp ::BANK OF AMERICA CORP - FULL-YEAR 2019 EXPENSES EXPECTED TO APPROXIMATE PRIOR YEAR - PRESENTATION.BANK OF AMERICA CORP - QTRLY ASSET MANAGEMENT FEES DECLINED AS POSITIVE IMPACT FROM AUM FLOWS WAS MORE THAN OFFSET BY LOWER MARKET VALUATIONS.BANK OF AMERICA - QTRLY TOTAL CORPORATION INVESTMENT BANKING FEES OF $1.3 BILLION (EXCLUDING. SELF-LED) FELL 7% DRIVEN BY LOWER DEBT, EQUITY UNDERWRITING FEES.  Full Article

Bank Of America Reports Q1 Revenue, Net Of Interest Expense, Remained Relatively Stable At $23.0 Billion
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Bank of America Corp ::QTRLY REVENUE, NET OF INTEREST EXPENSE, REMAINED RELATIVELY STABLE AT $23.0 BILLION.Q1 EARNINGS PER SHARE VIEW $0.66, REVENUE VIEW $23.30 BILLION -- REFINITIV IBES DATA.QTRLY PROVISION FOR CREDIT LOSSES INCREASED $179 MILLION TO $1.0 BILLION.QTRLY AVERAGE LOAN AND LEASE BALANCES IN BUSINESS SEGMENTS ROSE $33 BILLION, OR 4%, TO $897 BILLION.QTRLY NET CHARGE-OFF RATIO INCREASED 3 BPS TO 0.43%.CEO SAYS "WE’LL ADD 350 FINANCIAL CENTERS IN NEW AND EXISTING MARKETS BY 2021".QTRLY NET INTEREST INCOME $12,375 MILLION VERSUS $11,769 MILLION.BANK OF AMERICA CEO BRIAN MOYNIHAN - "IT WAS A CHALLENGING CAPITAL MARKETS ENVIRONMENT" IN QUARTER.QTRLY EQUITIES REVENUE DOWN 22 PERCENT TO $1.2 BILLION.QTRLY FICC REVENUE DOWN 8 PERCENT TO $2.4 BILLION.QTRLY NONINTEREST INCOME $10,629 MILLION VERSUS $11,301 MILLION.QTRLY NONINTEREST EXPENSE DECLINED $618 MILLION, OR 4%, TO $13.2 BILLION.QTRLY EFFICIENCY RATIO IMPROVED TO 57%.  Full Article

Bank Of America Reports Quarterly EPS Of $0.70
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Bank of America Corp ::BANK OF AMERICA REPORTS RECORD QUARTERLY EARNINGS OF $7.3 BILLION, EPS $0.70.BANK OF AMERICA - ECONOMIC GROWTH & CONSUMER ACTIVITY IN U.S. CONTINUE TO BE SOLID, BUSINESSES ARE BORROWING & DRIVING ECONOMY, ASSET QUALITY IS STRONG.BANK OF AMERICA - REPURCHASED $6.3 BILLION IN COMMON STOCK AND PAID $1.5 BILLION IN COMMON DIVIDENDS DURING QUARTER.  Full Article

Bank Of America Merrill Lynch Only Bidder For SBI's Essar Steel Exposure - CNBC-TV18
Monday, 11 Feb 2019 

Feb 11 (Reuters) - :BANK OF AMERICA MERRILL LYNCH ONLY BIDDER FOR SBI'S ESSAR STEEL EXPOSURE; SBI UNLIKELY TO GO AHEAD WITH SALE OF ESSAR STEEL EXPOSURE - CNBC TV18.  Full Article

UBS In Talks With Meissner As Potential Successor To CEO Ermotti - Bloomberg
Friday, 4 Jan 2019 

Jan 4 (Reuters) - :UBS IN TALKS WITH MEISSNER AS POTENTIAL SUCCESSOR TO CEO ERMOTTI - BLOOMBERG.  Full Article

Italy's Generali buys CM Investment Solutions from BAML
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Assicurazioni Generali says::ACCELERATES ASSET MANAGEMENT STRATEGY BY ACQUIRING 100% OF CM INVESTMENT SOLUTIONS LIMITED FROM BANK OF AMERICA MERRILL LYNCH.  Full Article

Bank Of America Reports Credit Card Delinquency Rate Was 1.66 Pct At October End Versus 1.61 Pct At September End
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Bank of America Corp ::BANK OF AMERICA CORP - CREDIT CARD DELINQUENCY RATE WAS 1.66 PERCENT AT OCTOBER END VERSUS 1.61 PERCENT AT SEPTEMBER END - SEC FILING.BANK OF AMERICA CORP - CREDIT CARD CHARGE-OFF RATE WAS 2.43 PERCENT IN OCTOBER VERSUS 2.59 PERCENT IN SEPTEMBER.  Full Article

SpaceX Seeks $750 Million Loan Via New Arranger Bank of America Corp- Bloomberg
Tuesday, 6 Nov 2018 

Nov 5 (Reuters) - :SPACEX SEEKS $750 MILLION LOAN VIA NEW ARRANGER BANK OF AMERICA CORP- BLOOMBERG, CITING SOURCES.  Full Article

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Brazil's Bradesco to buy Florida bank to focus on wealthy individuals

SAO PAULO Banco Bradesco SA has embarked on its first-ever international acquisition by paying approximately $500 million to buy BAC Florida Bank, which focuses on high-net-worth individuals in a move intended to close the gap with Brazilian rivals.