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Bank of America Corp (BAC_pa.N)

BAC_pa.N on New York Stock Exchange

26.54USD
18 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Bank Of America Reports Qtrly EPS Of $0.74
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Bank of America Corp ::BANK OF AMERICA REPORTS RECORD QUARTERLY EARNINGS OF $7.3 BILLION, EPS $0.74.BANK OF AMERICA QTRLY REVENUE, NET OF INTEREST EXPENSE, OF $23.1 BILLION INCREASED 2%.QTRLY FICC REVENUE DOWN 8% TO $2.1 BILLION.BANK OF AMERICA SAYS WE SEE SOLID CONSUMER ACTIVITY ACROSS THE BOARD, WITH SPENDING BY BANK OF AMERICA CONSUMERS UP FIVE PERCENT THIS QUARTER.QTRLY EQUITIES REVENUE DOWN 13% TO $1.1 BILLION.BANK OF AMERICA SAYS WE ALSO SEE CONSISTENT BORROWING AND ACTIVITY FROM OUR COMMERCIAL AND CORPORATE CLIENTS.BANK OF AMERICA SAYS QTRLY AVERAGE LOAN AND LEASE BALANCES IN BUSINESS SEGMENTS ROSE $34 BILLION, OR 4%, TO $906 BILLION.QTRLY NET INTEREST INCOME $12,189 MILLION VERSUS $11,828 MILLION.BANK OF AMERICA SAYS QTRLY NONINTEREST EXPENSE UP MODESTLY TO $13.3 BILLION; EFFICIENCY RATIO IMPROVED TO 57%.BANK OF AMERICA SAYS QTRLY NET CHARGE-OFF RATIO REMAINED LOW AT 0.38%.BANK OF AMERICA SAYS QTRLY PROVISION FOR CREDIT LOSSES STABLE AT $857 MILLION.QTRLY NONINTEREST INCOME $10,895 MILLION VERSUS $10,721 MILLION.BANK OF AMERICA SAYS WE HAVE SEEN IMPROVEMENT IN INVESTMENT BANKING MARKET SHARE AS WE HAVE REPOSITIONED THAT BUSINESS.Q2 EARNINGS PER SHARE VIEW $0.71, REVENUE VIEW $23.20 BILLION -- REFINITIV IBES DATA.  Full Article

Bank Of America Says $30.9 Billion Share Buybacks Approved
Thursday, 27 Jun 2019 

June 27 (Reuters) - Bank of America Corp ::BANK OF AMERICA ANNOUNCES PLANNED CAPITAL DISTRIBUTIONS.BANK OF AMERICA CORP - $30.9 BILLION IN SHARE BUYBACKS APPROVED.BANK OF AMERICA CORP - QUARTERLY DIVIDEND TO INCREASE 20 PERCENT.BANK OF AMERICA CORP - FEDERAL RESERVE DID NOT OBJECT TO ITS CAPITAL PLAN FOLLOWING COMPLETION OF 2019 COMPREHENSIVE CAPITAL ANALYSIS AND REVIEW.BANK OF AMERICA CORP - COMPANY PLANS TO INCREASE BY 20 PERCENT ITS QUARTERLY COMMON STOCK DIVIDEND, TO $0.18 PER SHARE, BEGINNING IN Q3 OF 2019.BANK OF AMERICA CORP - TO REPURCHASE APPROXIMATELY $30.9 BILLION IN COMMON STOCK FROM JULY 1, 2019 THROUGH JUNE 30, 2020.  Full Article

Bank Of America Introduces A Digital Debit Card
Tuesday, 25 Jun 2019 

June 25 (Reuters) - Bank of America Corp ::BANK OF AMERICA INTRODUCES A DIGITAL DEBIT CARD.  Full Article

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
Wednesday, 24 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

UPDATE 1-Shareholders in Brazilian reinsurer IRB raise $2 bln in offering

SAO PAULO, July 19 Brazilian reinsurer IRB Brasil Resseguros SA set its price per share at 88 reais in a secondary share offering late on Thursday, according to a securities filing.