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Bank of America Corp (BAC.N)

BAC.N on New York Stock Exchange

28.50USD
25 Jun 2018
Change (% chg)

$-0.50 (-1.71%)
Prev Close
$28.99
Open
$28.85
Day's High
$28.87
Day's Low
$28.46
Volume
3,368,118
Avg. Vol
16,050,766
52-wk High
$33.05
52-wk Low
$22.73

Latest Key Developments (Source: Significant Developments)

Bank Of America Announces Redemption Of $3.5 Bln Of Trust Preferred Securities
Monday, 30 Apr 2018 

April 30 (Reuters) - Bank of America Corp ::BANK OF AMERICA ANNOUNCES REDEMPTION OF $3.5 BILLION OF TRUST PREFERRED SECURITIES.  Full Article

Bank Of America Corp Files For Potential Mixed Shelf Offering; Size Not Disclosed
Monday, 30 Apr 2018 

April 30 (Reuters) - Bank of America Corp ::BANK OF AMERICA CORP FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

BaFin Imposes 1.34 Mln Euro Fine On Bank Of America
Thursday, 26 Apr 2018 

April 26 (Reuters) - German financial watchdog Bafin::SAYS IMPOSES FINE OF 1.34 MLN EUROS ON BANK OF AMERICA <<>>.SAYS BANK OF AMERICA FAILED TO PUBLISH NOTIFICATIONS ON VOTING RIGHTS, INSTRUMENTS IN PRESCRIBED TIMEFRAME.  Full Article

Bank Of America Sets Regular Quarterly Cash Dividend Of $0.12 Per Share
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Bank of America Corp ::BANK OF AMERICA CORP - BOARD DECLARED A REGULAR QUARTERLY CASH DIVIDEND ON BANK OF AMERICA COMMON STOCK OF $0.12 PER SHARE.  Full Article

Bank Of America's Credit Card Delinquency Rate 1.69 Pct At March End
Monday, 16 Apr 2018 

April 16 (Reuters) - Bank of America Corp ::SAYS CREDIT CARD DELINQUENCY RATE 1.69 PERCENT AT MARCH END VERSUS 1.72 PERCENT AT FEBRUARY END - SEC FILING.SAYS CREDIT CARD CHARGE-OFF RATE WAS 2.81 PERCENT IN MARCH VERSUS 2.78 PERCENT IN FEBRUARY.  Full Article

Bank Of America Declares Qtrly Cash Dividend Of $0.12/Share
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Bank Of America Corp ::BANK OF AMERICA - DECLARED A REGULAR QUARTERLY CASH DIVIDEND ON BANK OF AMERICA COMMON STOCK OF $0.12 PER SHARE.  Full Article

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

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Largest banks clear U.S. Fed's toughest annual stress tests

WASHINGTON The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test on Thursday, showing they have enough capital to withstand an extreme recession.