32.02 +0.04 (0.13%)
After hours: 7:57PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||31.88 - 32.20|
|52-week range||22.07 - 33.05|
|PE ratio (TTM)||20.51|
|Earnings date||16 Apr 2018|
|Forward dividend & yield||0.48 (1.50%)|
|1y target est||34.62|
Mar.20 -- Jeremy Stretch, head of G10 FX strategy at CIBC, and Gilles Moec, chief European economist at Bank of America Merrill Lynch, discuss how a trade war could impact markets. They speak on "Bloomberg Surveillance."
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."
Hungry and destitute, tens of thousands of victims of Venezuela's unrelenting political and economic crisis are trying their luck in Brazil — a country where they do not speak the language, conditions ...
The Securities and Exchange Commission on Monday 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 Corp., according to an SEC statement and a lawyer representing the whistleblowers. As part of the agreement, Bank of America resolved accusations that it misused customer cash and securities to generate profits, putting billions of dollars of customer assets at risk over a roughly six-year period. The SEC, in keeping with its usual practice, didn’t specify Monday which settlement the whistleblower awards were connected to.
Three Bank of America whistleblowers who tipped off US authorities about misconduct at its broker-dealer arm Merrill Lynch are to share a record $83m in awards, according to the law firm that represents ...
Bank of America Merrill Lynch ’s European head Alex Wilmot-Sitwell has resigned from the bank, disrupting its Brexit planning and post-Brexit leadership. Mr Wilmot-Sitwell, who was the bank’s president ...
Bank of America Merrill Lynch’s European head Alex Wilmot-Sitwell has quietly resigned from the bank, throwing a spanner in the works for its Brexit planning and post Brexit leadership. Mr Wilmot-Sitwell, ...
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.
Well Fargo's board of directors gave CEO Tim Sloan a $4.6 million raise last year, despite the bank continuing to face the fallout of its sales-practices scandal and a multitude of other issues. In its ...
Bank of America (BAC) seems to command a favorable rating, with 22 out of 30 Wall Street analysts awarding it “buy” or strong buy” ratings. Bank of America’s mean price target is $34.59 per share, implying growth of 7.4% over the next 12 months. Among Bank of America’s peers, Citigroup (C) commands 17 “buys” or “strong buys” out of 29 analyst ratings.
Strong fundamentals and improving economy will support BofA's (BAC) profitability, while muted fee income growth remains a major concern.
After amendments to the Tax Cuts and Jobs Act, the US dollar has seen a downward trajectory with expectations of a higher fiscal deficit. The Trump administration is now entering into aggressive trade wars with China and even some European countries. Among major bankers, Citigroup (C) has a fairly diversified revenue stream from the perspective of its regional spread.