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Bank Of America Reports Quarterly EPS OF $0.74
Bank Of America Accelerates Move To $20 Per Hour Minimum Wage In 2020
Bank Of America Declared A Regular Quarterly Cash Dividend On Common Stock Of $0.18/Share
Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.
Bank of America Corporate Center
100 N Tryon St
Brian T. Moynihan
Chairman of the Board, President, Chief Executive Officer
Thong M. Nguyen
Vice Chairman of the Board
Paul M. Donofrio
Chief Financial Officer
Dean C. Athanasia
President - Retail and Preferred & Small Business Banking
President - U.S. Trust
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Bank of America Corp <BAC.N> will recruit about 50 bankers for its investment banking team in Asia this year, as it pushes to bolster its dealmaking business and shore up revenues from the unit, three people with direct knowledge of the matter said.
* Headcount expansion plans to focus on HK, Singapore, Australia
Brian Moynihan, the chief executive officer of Bank of America Corp <BAC.N>, has said the bank could double its consumer market share in the United States despite fears about the power of the country's largest banking institutions.
Bank of America Private Bank <BAC.N>, formerly U.S. Trust, is doubling down on efforts to court more business from the country's wealthiest individuals, an executive told Reuters.
Bank of America Corp got stung by lower interest rates in the fourth quarter, sending its profit down 4%, a trend that management expects to continue this year.
Bank of America Corp posted a 4.1% fall in quarterly profit on Wednesday, as lower interest rates crimped the second-biggest U.S. lender's ability to earn more from loans.
Bank of America Corp can fund agencies that advise struggling home buyers under a relaxed regulatory program unveiled in September, the U.S. consumer watchdog said on Friday.
The U.S. Federal Reserve announced Wednesday it had terminated a 2015 enforcement action against Bank of America <BAC.N> over its shortcomings in preventing traders from manipulating foreign exchange rates.
Bank of America Corp <BAC.N> and Raymond James Financial Inc <RJF.N> will pay roughly $12 million in restitution to customers who incurred excessive fees on investments meant to help their children afford college, a U.S. regulator said on Wednesday.
A U.S. regulator said units of Bank of America Corp and Raymond James Financial Inc will pay roughly 12 million in restitution to customers who incurred excess fees on their investments in so-called 529 plans, which are used to encourage saving for educational expenses.
International Business Machines Corp said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp, which will be the first major bank to use the platform.
Bank of America Corp <BAC.N> will reward employees for the bank's strong performance through special bonuses for the third straight year, according to an internal memo viewed by Reuters.
Bank Of America said on Monday it would expand its zero-dollar online trading to all customers of its Preferred Rewards program and cut commissions for others, following similar moves by several online brokers.
For the first time in nearly five years, Bank of America Corp <BAC.N> did not rely on cost cuts to amplify profits – the latest sign of big U.S. banks prioritizing investments in their businesses over short-term gains.
Bank of America Corp <BAC.N> beat Wall Street estimates for quarterly profit on Wednesday as it earned more in advisory fees and its loan book expanded, easing concerns that lower interest rates would crimp growth at the second-largest U.S. bank.
Bank of America Corp, the second-largest U.S. bank by assets, reported a 21% fall in quarterly profit on Wednesday, hurt mainly by a $2 billion pretax impairment charge.
Morgan Stanley <MS.N> and Bank of America Corp <BAC.N> are expanding the employee-benefits services they offer, hoping to gain market share in the dull-but-reliable business of managing wealth for companies and employees.
Bank of America Corp <BAC.N> said on Monday its deal-making unit is gaining momentum with midsized companies as it focuses on the sector to regain market share.
Bank of America Corp said on Monday the bank expects third quarter investment banking fees to be up in the low single digits compared with last year.
(Reporting by Abhishek Manikandan in Bengaluru; Editing by Maju Samuel)
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.