31.98 0.00 (0.00%)
After hours: 7:58PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||31.68 - 32.22|
|52-week range||22.07 - 33.05|
|PE ratio (TTM)||20.51|
|Earnings date||16 Apr 2018|
|Forward dividend & yield||0.48 (1.49%)|
|1y target est||34.62|
Mar.16 -- Bloomberg's Yalman Onaran discusses the 10-year anniversary of the Bear Stearns sale to JPMorgan. He speaks with Vonnie Quinn on "Bloomberg Markets."
Mar.15 -- Michelle Meyer, head of U.S. economics at Bank of America Merrill Lynch, examines U.S. economic data on manufacturing, jobless claims, and inflation. She speaks on "Bloomberg Daybreak: Americas."
The SEC announced its biggest-ever whistleblower awards, with roughly $83 million combined going to three whistleblowers who helped the regulator reach a $415 million settlement with Bank of America.
The U.S. Securities and Exchange Commission has awarded a record $83 million to three whistleblowers tied to a 2016 settlement with Bank of America Corp’s (BAC.N) Merrill Lynch brokerage unit, the whistleblowers' attorney said on Monday. The SEC announced the size of the awards on Monday but did not say which case led it to pay two whistleblowers $50 million and a third $33 million. A law firm representing the whistleblowers said their clients tipped off the agency to the misuse of customer funds by the brokerage.
Bank of America’s shares have gained considerably since late 2016 thanks to a combination of steadily rising interest rates, improving operating efficiency and a strong economic outlook.
Substantial fines were paid by some of the banks for some of their ill considered operations during the runaway times. None of this would have happened had not the Treasury, the Federal Reserve and the White House made up their minds to spend whatever was necessary to save Wall Street back in 2008.
The head of Bank of America's Merrill Lynch wealth management said the firm remains committed to its approach in light of an appeals court's decision to overturn an Obama-era regulation, according to an internal memo viewed by Reuters on Friday. The 5th U.S. Circuit Court of Appeals voided the U.S. Department of Labor's so-called fiduciary rule on Thursday, nullifying nationwide the 2016 measure that was meant to curb conflicts of interest among providers of financial advice by requiring them to act in their clients' best interests. "Our core strategy - consistent with our principles - remains that we always will act in our clients' best interest," Merrill Lynch Wealth Management head Andy Sieg wrote in a memo sent to the firm's more than 14,000 brokers.
By Nick Brown NEW YORK (Reuters) - Oil prices finished the week at a gain after a big Friday rally, and U.S. stock indices ended flat-to-higher, to close a bumpy week on a high note. Crude prices had been ...
Oil prices finished the week at a gain after a big Friday rally, and U.S. stock indices ended flat-to-higher, to close a bumpy week on a high note. Crude prices had been on track for a weekly loss, but spiked on Friday as energy investors looked to cover short bets ahead of a televised interview Sunday by the U.S. news program "60 Minutes" with Saudi Arabia's Crown Prince Mohammed bin Salman. U.S. crude rose 1.72 percent to $62.24 per barrel and Brent was last at $66.12, up 1.54 percent on the day.
Oil prices rallied on Friday afternoon ahead of a much-anticipated television interview with Saudi Arabia's crown prince, while Wall Street rose on strong economic data as U.S. stocks tried to end a rocky week on a high note. Energy investors were looking to cover short bets ahead of a televised interview Sunday by the U.S. news program "60 Minutes" with Saudi Arabia's Crown Prince Mohammed bin Salman. U.S. crude rose 1.78 percent to $62.28 per barrel and Brent was last at $66.15, up 1.58 percent on the day.
Buyout group Providence is moving ahead with plans to pull out of German home shopping TV network HSE24, which it plans to sell or float on the Frankfurt stock exchange before the summer, several people close to matter said. Suitors including private equity firms Advent, Apax, BC Partners, Cinven and PAI are expected to hand in tentative bids worth around 1.5 billion euros (£1.32 billion) by a pre-Easter deadline, they added. HSE24 is expected to post earnings before interest, tax, depreciation and amortisation (EBITDA) of 140 million euros this year and may be valued at 11-12 times that, the sources said.
Ten years ago today, JPMorgan Chase & Co. announced it would buy collapsing investment bank Bear Stearns Cos. for pennies on the dollar after a weekend of emergency talks brokered by the government to ...
LONDON--(BUSINESSWIRE)-- Document Number: 1284715 Version: 1 Company Bank of America Corporation TIDM BAC Headline Notification of Filing of Documents NOTIFICATION OF FILING OF DOCUMENT A copy of the ...
Banks and asset managers (XLF) had a great run in 2017 due to a rise in broad markets, allowing them to generate a higher base and performance fees. Overall, the economy and corporates are expected to continue on a growth trajectory helped by global demand and lower unemployment rates. Among major bankers, Bank of America (BAC) is managing $2.8 trillion in asset management offerings as of December 31, 2017—a rise of 10% on a YoY basis.
Shares in Siemens Healthineers are likely to be priced at 28 euros (£24.8) in its initial public offering, on the lower side of a guidance range of 26 to 31 euros, two sources close the deal said. As a result, Siemens, which will sell a 15 percent stake, is in the frame to reap 4.2 billion euros in proceeds. The offer period is due to run through Thursday, when a final price is expected to be set.