|Bid||33.62 x 47300|
|Ask||33.73 x 39400|
|Day's range||33.57 - 33.80|
|52-week range||22.66 - 33.80|
|Beta (3Y monthly)||1.64|
|PE ratio (TTM)||12.41|
|Forward dividend & yield||0.72 (2.18%)|
|1y target est||N/A|
Key drivers of this year’s late-cycle bull market gains are expected to shift as the global markets enter the new year, according to BofA Merrill Lynch Global Research, which was recently named Institutional Investor’s top research firm in the world. An interim, skinny U.S.-China trade deal should temporarily relieve trade concerns ahead of the U.S. presidential election and pave the way for a midyear, mini-boost in global growth led by U.S. rates and a weaker dollar. A rebound in U.S. corporate earnings should spur a long-awaited uptick in capital spending and lift the S&P 500 to another year-end high of 3300, or 6 percent above current levels.
Mastercard and Bank of America announced Deidre Mathis, Founder of Wanderstay as the winner of the third annual Grow Your Biz Contest, which called on small business owners across the country to pitch their business plans for the chance to win $25,000 and individual coaching from industry experts on how to take their business to the next level. This year, small business owners submitted videos answering the question: “How would $25,000 help grow your business?” to the Grow Your Biz microsite. From the submissions, four finalists from across the U.S. were selected to pitch their business plans in New York City at Union Park on November 14th.
Bank of America today announced that it is accelerating the move from its current U.S. minimum hourly rate of pay of $17 to $20 by the end of the first quarter of 2020, more than a year earlier than originally planned. “As part of our commitment to being a great place to work, we are saying thank you, and sharing our success with our teammates who serve our clients and communities every day,” said Sheri Bronstein, chief human resources officer at Bank of America. Bank of America is committed to supporting a competitive rate of pay, and has made regular increases to its minimum wage over many years.
Bank of America today announced that it has added 40 new model portfolios to its investment platform, providing clients and advisors greater choice and flexibility when developing personalized portfolios aligned to each client’s unique goals. Available exclusively to Merrill Lynch Wealth Management clients, the new model portfolios have been created and are managed by BlackRock, JP Morgan, Franklin Templeton and Natixis Investment Managers.
Bank of America today announced the launch of its newly designed, award-winning mobile banking app that will provide a more seamless and streamlined experience for its approximately 29 million mobile clients. The sleek, modern design makes it even easier to navigate all of Bank of America’s robust mobile banking features. “The new look and feel of our mobile app reflects Bank of America’s focus on delivering solutions for clients that are timely, relevant and accessible, however they choose to bank,” said David Tyrie, head of advanced solutions and digital banking at Bank of America.
Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.18 per share, payable on December 27, 2019 to shareholders of record as of December 6, 2019.
Further Enhances Industry-Leading Program That Rewards Clients for Banking, Borrowing and Investing
Bank of America Corporation announced today that it will redeem all $1,000,000,000 principal amount outstanding of its 2.151% Senior Notes, due November 2020 (CUSIP No. 06051GGB9) (the “Notes”), on November 9, 2019, at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to but excluding the redemption date of November 9, 2019. Since November 9, 2019 is not a business day, the redemption price will be paid on the next succeeding business day, November 12, 2019. Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company.
Bank of America reported its third-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:
As previously announced, Bank of America will report its third-quarter 2019 financial results on Wednesday, October 16. The results will be released at approximately 6:45 a.m. ET, followed by an investor presentation at 8:30 a.m.
Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of p
Despite Concerns About Access to Capital, Women Entrepreneurs Believe Having More Women in Positions of Influence Can Move the Needle for the Next Generation