BAC.MX - Bank of America Corporation

Mexico - Mexico Delayed Price. Currency in MXN
531.40
+3.40 (+0.64%)
At close: 2:45PM CDT
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Previous Close528.00
Open530.00
Bid530.00 x 1500000
Ask558.00 x 1500000
Day's Range528.90 - 532.00
52 Week Range452.00 - 609.99
Volume22,317
Avg. Volume17,562
Market Cap4.976T
Beta (3Y Monthly)0.04
PE Ratio (TTM)189.11
EPS (TTM)2.81
Earnings DateN/A
Forward Dividend & Yield13.81 (2.62%)
Ex-Dividend Date2019-09-05
1y Target EstN/A
  • Moody's

    Moody's Fully Supported Municipal & IRB Deals

    Announcement: Moody's Fully Supported Municipal& IRB Deals. Global Credit Research- 20 Aug 2019. New York, August 20, 2019-- ASSIGNMENTS:.

  • Reuters

    Tottenham Hotspur plans to refinance stadium debt -source

    Tottenham Hotspur Football Club plans to refinance about 400 million pounds ($485 million) of its stadium debt through bonds issued via a private placement arranged by Bank of America Merrill Lynch (BAML), according to a source familiar with the matter. The holding company of the English soccer club originally took out a 400 million pound five-year loan from BAML, Goldman Sachs and HSBC in 2017 to finance the construction of its new 62,062-seat stadium. BAML declined to comment and the soccer club was not immediately reachable for comment.

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  • 3 Dividend ETFs for Heaps of Monthly Income
    InvestorPlace

    3 Dividend ETFs for Heaps of Monthly Income

    There's nothing better than getting paid for just holding on to an asset. Except if those dividends are paid monthly. Stocks that pay their dividends every month can provide faster compounding when those payouts are reinvested, not to mention budget simplification. After all, mortgage payments, car loans and utility bills are due every month. The only problem is, the number of individual stocks that pay their dividends monthly have been slowly dwindling over the years.Luckily, plenty of exchange-traded funds (ETFs) have moved in to fill the void.While the vast majority of monthly dividend ETFs own bond and fixed income assets, there are more than 40 funds that invest in equities. With these ETFs, investors can gain valuable diversification benefits, decent yields, and a steady monthly paycheck. In many cases, buying the diversified dividend ETF makes more sense than buying individual stocks that pay monthly. This can be especially true for those in or near retirement.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Dividend Stocks for Investors to Buy Right Now Do you buy a monthly dividend ETF? Which fund? How do you separate the wheat from the chaff? Luckily, InvestorPlace has done some of the work for you.With that, here are three monthly dividend ETFs worthy of your portfolio. Monthly Dividend ETFs to Buy: WisdomTree U.S. Total Dividend Fund (DTD)Dividend Yield: 2.13%If you're looking for a single-core fund to provide plenty of monthly dividends, then the WisdomTree U.S. Total Dividend Fund (NYSEARCA:DTD) has to be the first stop. Not only is DTD one of the oldest and largest monthly dividend ETFs on the market, it also has some of the widest coverage out of any ETF out there.WisdomTree is known for its fundamentally weighted and proprietary indexes. DTD is no different and racks the WisdomTree U.S. Dividend Index. This index screens and weights firms by the number of dividends they are projected to pay in the upcoming year.The best part is that the ETF does this across large-, mid-, and small-cap U.S. stocks. That's important as many dividend ETFs only focus on the big guys. Small- and mid-cap stocks can pay amazing dividends as well.Holdings for the ETF range from giants like Microsoft (NASDAQ:MSFT) to relative unknowns like J&J Snack Foods (NASDAQ:JJSF). All in all, with the inclusion of small- and mid-cap stocks, DTD boosts its holdings north of 860. This wide net provides plenty of diversification.It also pays some decent dividends. Currently, DTD pays a market-beating 2.13% yield. And the ETF has paid that dividend monthly since its inception. This yield, expanse of holdings, and monthly payment makes DTD one of the best core solutions for income seekers.Expenses for this dividend ETF run at a cheap 0.28%- or $28 per $10,000 invested. SPDR Dow Jones Industrial Average ETF (DIA)Dividend Yield: 2.10%For many retirees or investors near retirement, owning small-caps can provide some restless nights of sleep. After all, even dividend-paying smaller stocks still provide plenty of volatility. To that end, focusing on the big boys could be the way to go. And you can't get much bigger than the Dow Jones Industrial Average.While the Dow Jones does get called a flawed index due to its weighting formula, you can't deny that the index holds 30 of the biggest and most stable blue-chips in the world. This has a ton of appeal for investors.The SPDR Dow Jones Industrial Average ETF (NYSEArca:DIA) is the way to gain access.The "Diamonds" hold all thirty stocks in the index and provide access to leading firms like Bank of America (NYSE:BAC), Home Depot (NYSE:HD) and Visa (NYSE:V). It really is a who's who of America's leaders and provides instant access to these blue chips. The ETF is very liquid and trades millions of shares per day. Moreover, expenses for the fund are super cheap at just 0.17%.Unlike its holdings -- which pay quarterly dividends -- the DIA pays its dividend every month. This allows investors to own the biggest stocks in the nation and get the needed income to fit their budget. No wonder why more than $21 billion worth of investor cash sits in this dividend ETF. * 7 Stocks Under $7 to Invest in Now The fund is a great way to score a good monthly dividend from stocks. Invesco KBW High Dividend Yield Financial ETF (KBWD)Dividend Yield: 9.14%A quick scan of many of the top individual monthly dividend pay stocks happens to be mortgage REITs (mREITs) or business development companies (BDCs). Given the nature of their underlying businesses, stocks in these categories tend to be on the riskier side of things. Not to mention, they can be a bit difficult for laymen to evaluate and research. As a result, stocks like mREIT AGNC Investment Corp (NASDAQ:AGNC) compensate investors for that risk with yields in excess of 11%.But there is a way to score the high yield, reduce risk, and still get a monthly payout. That's through Invesco KBW High Dividend Yield Financial ETF (NYSEArca:KBWD).KBWD tracks the KBW NASDAQ Financial Sector Dividend Yield Index, an index of mREITs, BDCs, and other high-yield financial stocks. With it, investors can access up to 40 different stocks in these categories. This helps cut down on the risk and potential issues with individual stocks in the sector. However, what investors don't sacrifice is income. KBWD's broad portfolio still allows it to provide a massive 9%-plus dividend yield.Like the other two dividend ETFs on this list, KBWD pays their dividend monthly. Expenses for the fund clock in at just 0.35%.With its broad access to these risky stocks and its high yield, KBWD could be one of the best dividend ETFs to boost your overall monthly income. At the time of writing, Aaron Levitt did not own any stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post 3 Dividend ETFs for Heaps of Monthly Income appeared first on InvestorPlace.

  • Stock Market News For Aug 13, 2019
    Zacks

    Stock Market News For Aug 13, 2019

    Wall Street closed sharply lower on Monday following intensification of U.S.-China trade dispute, heightened geopolitical issues and concerns about a global economic slowdown.

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  • Aspen Technology Inc (AZPN) Q4 2019 Earnings Call Transcript
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  • 10 Buy-and-Hold Stocks to Own Forever
    InvestorPlace

    10 Buy-and-Hold Stocks to Own Forever

    [Editor's note: This story was previously published in June 2019. It has since been updated and republished.]Investing to "buy and hold" is trickier than it looks. The increasing pace of technological change means even the most successful, dominant companies have to continually adapt to keep up. Industries like energy, real estate and even consumer products are facing potentially significant long-term changes going forward.In any era, amassing a collection of retirement stocks simply by buying the best companies and holding them for years can be a risky endeavor.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Generation Z Stocks to Buy Long General Motors (NYSE:GM) was a classic "widows and orphans" stock until the last decade when GM wound up going bankrupt. GM shares basically haven't moved in a quarter of a century. United States Steel (NYSE:X) once was a pillar of corporate America and a buy-and-hold stock. Polaroid and Eastman Kodak were once blue-chip stocks. Both went bankrupt as cameras changed from film to digital.But there still are stocks to buy and hold out there that can last forever, while offering dividend income along the way.Here are ten such retirement stocks to buy and hold forever. Bank of America (BAC)Dividend Yield: 2.45%It might seem strange to open the list with Bank of America (NYSE:BAC). After all, we're only a bit more than a decade on from the financial crisis.Source: Shutterstock During that crisis, BofA acquisition Countrywide Financial blew up in spectacular fashion, after pioneering many of the risky tactics that led to the bubble and subsequent bust.But this is a different BofA.Net consumer charge-offs hit a decade-long low last year. Its performance on credit metrics is strong. Government regulations have been criticized as slowing growth -- but they've undoubtedly lowered risk as well, even if observers might argue that a better balance is needed. * 8 of the Most Shorted Stocks in the Markets Right Now No less than Warren Buffett is now BofA's largest shareholder, through his Berkshire Hathaway Inc. (NYSE:BRK.A, NYSE:BRK.B). And the Oracle of Omaha is fond of saying that his favorite holding period is "forever."That seems likely true for BAC stock as well. Diageo (DEO)Dividend Yield: 2.09%Change has come to the alcohol industry, with the number of breweries exploding worldwide and new distilleries popping up as well. The brands owned by Diageo (NYSE:DEO) are well-positioned to adapt to shifting tastes.Diageo owns classic brands like Johnnie Walker whiskey, Tanqueray gin, Smirnoff vodka, and Harp and Guinness beer, among many others. What most have in common is a timeless quality and worldwide brand recognition.As a result, while beverage giants like Coca-Cola (NYSE:KO) and Anheuser Busch InBev (NYSE:BUD) have struggled with earnings growth, Diageo grew net income by 13.5% in fiscal 2018 and expects consistent growth going forward.Yet with a trailing multiple of 26.5, and with a dividend yield of 2%, Diageo stock isn't all that dearly valued. Long-term investors would do well to own DEO and perhaps use the dividends to buy a bottle or two of fine whisky. Medtronic (MDT)Dividend Yield: 2.11%In this day and age, the U.S. healthcare market, in particular, seems potentially volatile. Concerns about increased spending and political battles over the Affordable Care Act create more questions than answers.Source: U.S. Embassy Kyiv Ukraine via Flickr (Modified)But even with that uncertainty, Medtronic (NYSE:MDT) isn't going anywhere. The company's devices are an integral part of modern medicine, ranging from pacemakers to stents to bone grafts to imaging systems.Even the risks involved in the sector look priced into MDT. Medtronic's days of double-digit annual growth may well be behind it, but it's not finished increasing earnings or dividends. MDT stock likely isn't finished rising, either. * 7 A-Rated Stocks to Buy Under $10 NextEra Energy (NEE)Dividend Yield: 2.37%Utility stocks are among the most common safe, buy-and-hold stocks. NextEra Energy (NYSE:NEE) is now the largest electric utility in the U.S. by market capitalization. That might actually be the only problem with NEE stock.Source: Shutterstock NextEra shares gained 24% year-to-date, and trades just off record highs. Potential valuation concerns aside, NextEra looks like a winner. It serves customers in the southern Florida region, still one of the nation's fastest-growing areas.A 22.6 forward P/E multiple is high for the space but not outlandishly so. And a 2.37% dividend yield provides income along the way.Investors looking for value in the space might look for a smaller play like cheaper Dominion Energy (NYSE:D). But it's usually worth paying for quality, and NextEra Energy looks like one of the best utility stocks out there. McCormick & Company (MKC)Dividend Yield: 1.43%McCormick & Company (NYSE:MKC) is another quality company whose valuation might spook some investors. But MKC stock very rarely is offered cheaply.Source: Shutterstock The company's market leadership in spices and seasonings provides both an impressive moat and protection against economic downturns. MKC stock did dip after the company acquired French's mustard and Frank's RedHot sauce from Reckitt Benckiser (OTCMKTS:RBGLY) at a price that looked a bit high to many investors. But MKC has recovered those gains and then some.Top-line growth for McCormick likely isn't going to be explosive, but it will be steady. The same has been true of MKC stock, which has returned an average of 13% a year over the past decade, including dividends. * 7 Semiconductor Stocks to Buy for Your Inner Geek With continuous cost-cutting initiatives, the contribution from the acquired brands and organic growth (and growth in organic products), MKC still should be able to provide double-digit annual returns going forward as well. Allstate (ALL)Dividend Yield: 1.91%Allstate Corp (NYSE:ALL) long has used the tagline, "You're in good hands," and it's true for Allstate investors as well.Source: Shutterstock ALL stock has almost quadrupled from late-2011 lows. And there could be more upside to come. After all, Allstate isn't particularly expensive, trading at a 14 P/E.Once any short-term worries subside, ALL should resume its march upward. International Flavors & Fragrances (IFF)Dividend Yield: 2.03%International Flavors & Fragrances (NYSE:IFF) is a company most consumers encounter every day without knowing it and many investors aren't exactly hip to it, either.Source: Shutterstock As its name suggests, the company develops flavors & fragrances across 13 categories, including cosmetics, perfumes, beverages and sweet flavors. Sales and earnings have increased consistently and so has IFF's share price. At a 53 P/E, IFF does look a bit pricey. But, as with McCormick and other stocks on this list, investors should pay for quality. * 7 Stocks to Buy With Over 20% Upside From Current Levels IFF's hidden, but key role, in so many industries, gives it a great deal of protection against both competition and macro factors. Acquisitions and a growing cosmetic additive business both provide room for growth.Consumers may not know IFF, but investors should. Lamb Weston (LW)Dividend Yield: 1.19%Lamb Weston (NYSE:LW) was spun off from Conagra Brands (NYSE:CAG) last year. Lamb Weston is the No. 1 potato producer in the United States. In fact, it manufactures the well-known fries at McDonald's (NYSE:MCD), among other restaurant chains.Source: Shutterstock Lamb Weston also has a consumer business (including a small segment that manufactures frozen vegetables), while serving restaurants of all sizes. Health concerns might seem a long-term headwind against the business, but growth has been steady for years, and margins continue to improve.LW is targeting international markets for growth, as French fries have much more limited penetration, while international audiences generally are intrigued by Americanized products.Despite growth and leading market share, LW stock isn't particularly cheap, trading at about 19 times next year's earnings. The company did pick up a fair amount of debt in the CAG spinoff. But it's paying that debt down, which should lower interest expense and boost cash flow going forward.With many similar stocks trading at much higher multiples, LW seems to have room for upside. And international growth should offset any health-related concerns in the U.S., should they arise. America's love affair with French fries isn't going to suddenly end, and that should ensure years of stability for Lamb Weston at least. Fortune Brands (FBHS)Dividend Yield: 1.7%Investors are commonly advised to diversify their portfolio. Fortune Brands Home & Security (NYSE:FBHS) has done just that.Source: Shutterstock The company operates in four segments: Cabinets, Plumbing, Doors, and Security. Among its well-known brands are Moen in plumbing, and MasterLock in security.FBHS is more of a cyclical stock than most on this list, and the company no doubt has benefited from the steady if slow, housing recovery in the U.S.But the company's products also generate relatively stable replacement demand, and a 1.6% dividend yield provides modest, but growing, income. * 7 Oversold Stocks To Buy Right Now Fortune Brands has been an impressive company since its founding and a solid stock since its 2011 IPO. There may be a bit more volatility here, but that's a worthwhile price to pay for long-term investors. There's enough value in Fortune Brands to ride out any market jitters. Republic Services (RSG)Dividend Yield: 1.83%Republic Services (NYSE:RSG) is a bit smaller and likely a lot less well-known than rival Waste Management (NYSE:WM). But in this case, that's not necessarily a bad thing.Source: Shutterstock Republic Services has outgrown its larger competitor in both sales and earnings over the past five years. RSG stock has modestly outperformed WM over the same period as well. Investors appear to believe that will continue, as Republic Services is valued a bit higher than Waste Management, at least based on forward earnings multiples.Both RSG and WM are solid long-term plays. Contracted revenue and steady demand should support both companies for years to come. There's room for further acquisitions in a relatively fragmented space. Republic Services gets the nod here due to slightly better growth and more room for margin improvement.But investors looking for safe, stable growth can't go wrong with either RSG or WM.As of this writing, Vince Martin was long MKC. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 The post 10 Buy-and-Hold Stocks to Own Forever appeared first on InvestorPlace.

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  • Reuters

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  • Heirs in the Dark on Family Wealth Decisions, Finds Study by Merrill Private Wealth Management
    Business Wire

    Heirs in the Dark on Family Wealth Decisions, Finds Study by Merrill Private Wealth Management

    Bank of America today announced the findings of a new study conducted by Merrill Private Wealth Management, which found that 64 percent of wealth holders have never talked with family members about how or why they intend to pass on their assets. While 48 percent plan to communicate this information eventually, or assume family members already know, 10 percent vow never to divulge details of their estate plan primarily because they consider it personal and no one else’s business. “This research is designed to help families make better decisions and secure the promise of wealth, including the impact it can have within and beyond one’s family and lifetime,” said Andy Sieg, president of Merrill Lynch Wealth Management.

  • Bloomberg

    BofA to End Payments Joint Venture With First Data Next June

    (Bloomberg) -- Bank of America Corp. said it will end a payments joint venture with First Data Corp. next June when a contract between the two companies expires.The firms will continue to provide delivery of products and services for existing clients through at least June 2023, but will otherwise pursue independent merchant-services strategies next year, Charlotte, North Carolina-based Bank of America said in a statement. The bank said in a filing it expects to take a charge of about $1.7 billion to $2.1 billion in the third quarter related to the planned exit, which won’t affect its capital plan.The separation could free up Bank of America to directly offer retailers the services that come with handling electronic payments, at a time when ventures from Silicon Valley and China are looking to muscle into an industry that collects $108 billion a year from merchants. The battle over payments is prompting longstanding players such as First Data to consolidate, and banks to ponder their own roles. Already, JPMorgan Chase & Co. has proven it’s possible to set out on its own.“Payments are at the core of our business, and this announcement is another step forward in our global strategy to provide companies of all sizes an integrated payment offering,” Mark Monaco, head of enterprise payments at Bank of America, said in the statement.The announcement of the separation comes on the day Fiserv Inc. completed its acquisition of First Data, and three days after shares of both of those companies surged on optimism that negotiations over the Bank of America joint venture would wrap up soon. Fiserv shares fell 1.6% in late trading at 6:43 p.m. in New York.Bank of America is one of First Data’s largest bank partners, and the two companies processed 17.3 billion transactions in 2018, according to trade publication Nilson Report.Jeff Yabuki, chief executive officer of Fiserv, said his company still expects to service a “meaningful proportion” of new merchants onboarded after June 2020, citing conversations with Bank of America. The two companies haven’t signed any agreements, he said.(An earlier version of this story corrected the description of the number of transactions processed in sixth paragraph.)(Adds comment from Fiserv CEO in last paragraph.)To contact the reporters on this story: Lananh Nguyen in New York at lnguyen35@bloomberg.net;Jenny Surane in New York at jsurane4@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, David ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.