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Bank of America Corp (BAC.N)

BAC.N on New York Stock Exchange

29.09USD
22 Jan 2019
Change (% chg)

$-0.21 (-0.72%)
Prev Close
$29.30
Open
$29.00
Day's High
$29.29
Day's Low
$28.90
Volume
16,176,460
Avg. Vol
15,477,496
52-wk High
$33.05
52-wk Low
$22.67

Latest Key Developments (Source: Significant Developments)

Bank Of America Corp Reports Q4 Earnings Per Share Of $0.70
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Bank of America Corp ::REPORTS QUARTERLY EARNINGS OF $7.3 BILLION, EPS $0.70.QUARTERLY REVENUE, NET OF INTEREST EXPENSE, INCREASED 11% (6% ON AN ADJUSTED BASIS) TO $22.7 BILLION.Q4 EARNINGS PER SHARE VIEW $0.63, REVENUE VIEW $22.40 BILLION -- REFINITIV IBES DATA.QUARTERLY PROVISION FOR CREDIT LOSSES DECREASED $96 MILLION TO $905 MILLION.EXCLUDING NET DVA, QUARTERLY SALES AND TRADING REVENUE DOWN 6% TO $2.5 BILLION.AT QUARTER-END, AVERAGE LOAN AND LEASE BALANCES IN BUSINESS SEGMENTS ROSE $25 BILLION, OR 3%, TO $881 BILLION.QUARTERLY NET CHARGE-OFF RATIO DECLINED TO 0.39%.QUARTERLY EQUITIES REVENUE UP 11% TO $1.1 BILLION.QUARTERLY NONINTEREST EXPENSE DECLINED $141 MILLION, OR 1%, TO $13.1 BILLION.QUARTERLY FICC REVENUE DOWN 15% TO $1.4 BILLION.QUARTERLY NET INTEREST INCOME $12,304 MILLION VERSUS $11,462 MILLION.QUARTERLY NONINTEREST INCOME $10,432 MILLION VERSUS $8,974 MILLION.SAYS "WE SEE A HEALTHY CONSUMER AND BUSINESS CLIMATE DRIVING A SOLID ECONOMY".QUARTERLY FICC REVENUE DECREASED 15%, DUE TO WEAKNESS IN CREDIT AND MORTGAGE MARKETS AND LOWER CLIENT ACTIVITY IN CREDIT PRODUCTS.  Full Article

Bank Of America says Clients Sent, Received $4.3 Bln Using Zelle In October
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Bank of America Corp ::BANK OF AMERICA CLIENTS SENT AND RECEIVED $4.3 BILLION USING ZELLE IN OCTOBER.ZELLE TRANSACTIONS REPRESENT AN INCREASE OF MORE THAN 100 PERCENT YEAR OVER YEAR.NOW HAS 4.5 MILLION MONTHLY ZELLE P2P USERS, UP 76 PERCENT YEAR OVER YEAR.  Full Article

Caroline Sullivan To Join Moody's As SVP, Corporate Controller
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Moody's Corp ::CAROLINE SULLIVAN TO JOIN MOODY’S AS SVP, CORPORATE CONTROLLER.MOODY'S CORP - PRIOR TO JOINING MOODY'S, SULLIVAN WAS GLOBAL BANKING CONTROLLER FOR BANK OF AMERICA.  Full Article

Bank Of America announces passing of Vice Chairman Terrence Laughlin
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Bank of America Corp ::BANK OF AMERICA ANNOUNCES PASSING OF VICE CHAIRMAN TERRENCE LAUGHLIN.  Full Article

BofA Merrill To Expand CashPro Mobile Capabilities
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Bank of America Corp ::BOFA MERRILL TO EXPAND CASHPRO MOBILE CAPABILITIES.BANK OF AMERICA - IN MONTHS AHEAD, BANK INTENDS TO INTRODUCE NEW FUNCTIONALITY FOR CASHPRO MOBILE IN ADDITION TO ENHANCEMENTS TO CASHPRO ASSISTANT.  Full Article

Navian Capital, Bank of America And Morgan Stanley Launch New Venture
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Luma Financial Technologies::IS A NEW VENTURE FORMED BY CO-INVESTORS NAVIAN CAPITAL, BANK OF AMERICA MERRILL LYNCH AND MORGAN STANLEY.ANNOUNCES LAUNCH OF AN INDEPENDENT, MULTI-ISSUER ELECTRONIC PLATFORM FOR STRUCTURED PRODUCTS AND ANNUITIES.  Full Article

Bank Of America Declares Quarterly Stock Dividends
Thursday, 26 Jul 2018 

July 26 (Reuters) - Bank of America Corp ::BANK OF AMERICA DECLARES QUARTERLY STOCK DIVIDENDS.SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.15PER SHARE.  Full Article

Bank Of America Posts 1 Pct Drop in Qtrly Rev, Net Of Interest Expense
Monday, 16 Jul 2018 

July 16 (Reuters) - Bank of America Corp ::QTRLY REVENUE, NET OF INTEREST EXPENSE, DECREASED 1% TO $22.6 BILLION.QTRLY NET CHARGE-OFF RATIO REMAINED LOW AT 0.43%.QTRLY NET INTEREST INCOME (NII) INCREASED $664 MILLION, OR 6%, TO $11.7 BILLION.QTRLY NONINTEREST EXPENSE DECLINED $698 MILLION, OR 5%, TO $13.3 BILLION.QTRLY NONINTEREST INCOME DECREASED $884 MILLION, OR 7%, TO $11.0 BILLION."SOLID OPERATING LEVERAGE AND CLIENT ACTIVITY DROVE EARNINGS HIGHER THIS QUARTER".BANK OF AMERICA - "IN THE NEXT 12 MONTHS, WE PLAN TO RETURN $26 BILLION TO SHAREHOLDERS THROUGH COMMON DIVIDENDS AND SHARE REPURCHASES".Q2 EARNINGS PER SHARE VIEW $0.57, REVENUE VIEW $22.29 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Bank Of America Reports Qtrly EPS Of $0.63
Monday, 16 Jul 2018 

July 16 (Reuters) - Bank of America Corp ::BANK OF AMERICA REPORTS SECOND-QUARTER 2018 FINANCIAL RESULTS.QTRLY EPS $0.63.QTRLY PROVISION FOR CREDIT LOSSES INCREASED $101 MILLION TO $827 MILLION.QTRLY NET CHARGE-OFF RATIO REMAINED LOW AT 0.43 PERCENT.Q2 EARNINGS PER SHARE VIEW $0.57 -- THOMSON REUTERS I/B/E/S.  Full Article

Bank Of America Corp Amends Shelf Offering To Disclose Size Of Potential Mixed Shelf Of Up To $123 Bln
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Bank of America Corp ::BANK OF AMERICA CORP AMENDS SHELF OFFERING FILED IN APRIL 2018, TO DISCLOSE SIZE OF POTENTIAL MIXED SHELF OF UP TO $123.0 BILLION - SEC FILING.  Full Article

UPDATE 1-PG&E shares surge as company secures $5.5 bln in bankruptcy financing

Jan 22 U.S. power producer PG&E Corp's shares surged as much as 16 percent on Tuesday after it said it had secured $5.5 billion in debtor-in-possession (DIP) financing from four banks as it prepares to file for Chapter 11 bankruptcy protection.