- Investor's Business Daily•7 hours ago
Wells Fargo CEO John Stumpf and the former retail banking chief agreed to give up millions of dollars in stock awards.
- American City Business Journals•13 hours ago
Merrill Lynch, a division of Bank of America Corp., has been fined $15.5 million to resolve claims that its trading controls caused multiple market disruptions over a three-year period. The U.S. Securities and Exchange slapped Bank of America (BAC) with a $12.5 million penalty for violating its market access rule, stating on Monday that Merrill Lynch's internal controls were set at such high levels that they failed to catch "erroneous trading orders" sent to the markets on at least 15 instances between late 2012 and mid-2014. The SEC investigation uncovered the following mini-flash crashes caused by Merrill Lynch's orders: 99% drops in the stocks of Anadarko Petroleum Corp. (APC) in May 2013 and Qualys Inc. (QLYS) in April 2013 as well as a 3% decline in Google, now Alphabet Inc. (GOOGL), in less than a second in April 2013.
Bank of America Corporation (BAC)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||15.30 x 100|
|Ask||15.51 x 900|
|Day's Range||14.81 - 15.34|
|52wk Range||10.99 - 18.09|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||12.82|
|Avg Vol (3m)||85,469,478|
|Dividend & Yield||0.30 (1.99%)|