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Bank of America Corp (BAC.N)

BAC.N on New York Stock Exchange

31.18USD
17 Jan 2018
Change (% chg)

$-0.06 (-0.19%)
Prev Close
$31.24
Open
$31.00
Day's High
$31.28
Day's Low
$30.34
Volume
25,033,408
Avg. Vol
14,951,509
52-wk High
$31.79
52-wk Low
$22.01

Latest Key Developments (Source: Significant Developments)

Bank Of America Says Q1 2018 Expenses Expected To Include About $0.4 Billion For Seasonally Elevated Payroll Tax Costs - SEC Filing
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Bank Of America Corp ::BANK OF AMERICA SAYS COMPARED TO Q4 2017, Q1 2018 EXPENSES EXPECTED TO INCLUDE ABOUT $0.4 BILLION FOR SEASONALLY ELEVATED PAYROLL TAX COSTS - SEC FILING.  Full Article

Bank Of America Reports Q4 2017 Shr $0.20
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Bank Of America Corp ::BANK OF AMERICA REPORTS Q4-17 NET INCOME OF $2.4 BILLION, EPS $0.20.BANK OF AMERICA SAYS Q4-17 RESULTS INCLUDE CHARGE OF $2.9 BILLION, OR $0.27 PER DILUTED SHARE, FOR THE TAX ACT.BANK OF AMERICA SAYS Q4-17 REVENUE, NET OF INTEREST EXPENSE, INCREASED 2% TO $20.4 BILLION FROM $20.0 BILLION.BANK OF AMERICA SAYS Q4-17 NET INTEREST INCOME INCREASED $1.2 BILLION, OR 11%, TO $11.5 BILLION.BANK OF AMERICA SAYS Q4-17 NONINTEREST INCOME DECREASED $724 MILLION, OR 7%, TO $9.0 BILLION.BANK OF AMERICA SAYS Q4-17 NET CHARGE-OFFS ROSE TO $1.2 BILLION FROM $880 MILLION.BANK OF AMERICA SAYS Q4-17 PROVISION FOR CREDIT LOSSES ROSE TO $1.0 BILLION FROM $774 MILLION.QTRLY NONINTEREST EXPENSE DECLINED $139 MILLION, OR 1%, TO $13.3 BILLION‍​.BANK OF AMERICA - "CLIENT ACTIVITY WAS STRONG ACROSS ALL OF OUR BUSINESSES IN 2017".QTRLY ESTIMATED CET1 RATIO UNDER BASEL 3 STANDARDIZED APPROACH ON FULLY PHASED-IN BASIS 11.7 PERCENT VERSUS 12.2 PERCENT IN Q3.EXCLUDING TAX ACT IMPACT, Q4 SHR $0.47.Q4 EARNINGS PER SHARE VIEW $0.44, REVENUE VIEW $21.53 BILLION -- THOMSON REUTERS I/B/E/S.- Q4-17 RESULTS INCLUDED A $379 MILLION TAX BENEFIT FROM THE RESTRUCTURING OF CERTAIN SUBSIDIARIES.BANK OF AMERICA - EXCLUDING NET DVA, SALES AND TRADING REVENUE DECLINED 9 PERCENT TO $2.7 BILLION IN QUARTER.BANK OF AMERICA - QTRLY FIXED INCOME, CURRENCIES AND COMMODITIES REVENUE FELL 13 PERCENT, DUE TO LOWER VOLATILITY & CLIENT ACTIVITY ACROSS MACRO PRODUCTS.  Full Article

SA's Competition Tribunal says Bank Forex Hearing Delayed
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - SA'S COMPETITION TRIBUNAL- :BANK FOREX HEARING DELAYED AFTER COMMISSION NOTIFIED ITS INTENTION TO JOIN NEW APPLICANTS‍​.ORDERED THAT ALL EXCEPTION APPLICATIONS BROUGHT BY RESPONDENTS IN COMPETITION COMMISSION VERSUS BANK OF AMERICA MERRILL LYNCH BE HEARD FROM JAN 24-26.ALL EXCEPTION APPLICATIONS IN MATTER, SET DOWN FOR HEARING FROM 24-26 JANUARY 2018, ARE POSTPONED SINE DIE, PENDING NEW DIRECTIONS.  Full Article

Bank Of America Says Credit Card Charge-Off Rate 2.6% In Dec Vs 2.74% In Nov
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Bank Of America Corp ::BANK OF AMERICA - CREDIT CARD CHARGE-OFF RATE WAS 2.60 PERCENT IN DECEMBER VERSUS 2.74 PERCENT IN NOVEMBER.BANK OF AMERICA - CREDIT CARD DELINQUENCY RATE 1.66 PERCENT AT DECEMBER END VERSUS 1.64 PERCENT AT NOVEMBER END - SEC FILING.  Full Article

Charter Court to sell interest Charter Mortgage Funding 2017-1
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Charter Court Financial Services Group Plc ::DISPOSAL OF ECONOMIC INTEREST IN CMF 2017-1.HAS AGREED TO SELL ITS ENTIRE ECONOMIC INTEREST IN CHARTER MORTGAGE FUNDING 2017-1 PLC SECURITISATION.SALE TO TO MERRILL LYNCH INTERNATIONAL ("BOFAML") FOR CASH CONSIDERATION OF £26.5 MILLION.  Full Article

Humana Says Co Entered Accelerated Stock Repurchase Agreement With Bank Of America N.A. To Repurchase $1.0 Bln Of Its Stock
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Bank Of America Corp ::HUMANA SAYS ON DEC 21, CO ENTERED ACCELERATED STOCK REPURCHASE AGREEMENT WITH BANK OF AMERICA N.A. TO REPURCHASE $1.0 BILLION OF ITS STOCK - SEC FILING.HUMANA - ON DEC 22, CO MADE PAYMENT OF $1.0 BILLION TO BOFA FROM AVAILABLE CASH ON HAND, GOT INITIAL DELIVERY OF 3.3 MILLION SHARES OF HUMANA STOCK FROM BOFA.  Full Article

Bank Of America Says Currently Estimates Net Income For Quarter Ended Dec 31 To Include Reduction Of About $3 Bln As Result Of Tax Act
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Bank Of America Corp ::BANK OF AMERICA - CURRENTLY ESTIMATES NET INCOME FOR QUARTER ENDED DEC 31 TO INCLUDE REDUCTION OF ABOUT $3 BILLION AS RESULT OF TAX ACT.BANK OF AMERICA - REDUCTION OF ABOUT $3 BILLION AS RESULT OF TAX ACT PRIMARILY FROM A LOWER VALUATION OF CERTAIN NET DEFERRED TAX ASSETS - SEC FILING.  Full Article

FINRA Fines Merrill Lynch $1.4 Mln for Supervisory Deficiencies
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - :FINRA FINES MERRILL LYNCH $1.4 MILLION FOR SUPERVISORY DEFICIENCIES RELATED TO EXTENDED SETTLEMENT TRANSACTIONS - FINRA STATEMENT ‍​.  Full Article

Bank of America Names Maria Zuber to Board
Thursday, 14 Dec 2017 

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 

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

US STOCKS-Dow ends above 26,000 on earnings optimism

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