|Bid||0.00 x 1500000|
|Ask||590.00 x 1500000|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||-0.46|
|PE Ratio (TTM)||252.89|
|Forward Dividend & Yield||11.29 (2.06%)|
|1y Target Est||N/A|
NEW YORK, NY / ACCESSWIRE / October 23, 2018 / Major U.S. equities finished lower Monday on a combination of rising interest rates and global growth concerns. Investors await a flood of corporate earnings ...
Montag opted to sidestep the forum after U.S. Treasury Secretary Steven Mnuchin withdrew his participation, the people said, declining to be identified as they aren’t authorized to discuss the subject. Bank of America declined to comment. The conference -- a brainchild of Saudi Crown Prince Mohammed bin Salman to showcase the kingdom’s investment opportunities -- has been marred by international outrage over the killing of government critic Jamal Khashoggi.
Bank of America Merrill Lynch’s equity and quant team say market signals from the ever-flattening yield curve are clear as day: stock markets are due to begin a new era of elevated price swings. “A flattening yield curve signaled a withdrawal of liquidity and over the last three cycles has preceded rising volatility by a few years,” the team, including Savita Subramanian, wrote in research this week. Bank of America’s call -- echoing others -- comes as investors scramble to judge whether the current turmoil in equity markets represents a blip or fundamental shift in regime.
The latest on developments in financial markets (all times local): 4 p.m. Banks led a broad slide in U.S. stocks on Wall Street, giving the S&P 500 index its fourth straight loss. Bank of America and Citigroup ...
After nearly three years of rate increases from the Federal Reserve, customers are pulling billions of dollars out of accounts that don’t earn interest and putting their money into higher-yielding alternatives.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting BAC. Over the last one-month, outflows of investor capital in ETFs holding BAC totaled $2.05 billion.
The big four banks have low direct exposure to a slowing Chinese economy, but the interconnectedness of the global economy means that the banks still face a lot of secondary risk.
ASSIGNMENTS: Custodial Receipts (Bank of America), Custodial Receipts US$ 13.00M 5.00% Ser. 2018-010 due 2037 ...Aa1 (Bank of America, N.A./ Letter of Credit - Standby) Custodial Receipts (Bank of America), ...
Investing.com - State Street reported third quarter earnings that missed analyst's expectations on Friday and revenue that fell short of forecasts.
Investing.com - SunTrust Banks (NYSE:STI) reported third quarter earnings that beat analyst's expectations on Friday and revenue that fell short of forecasts.
Investing.com - PayPal Holdings Inc reported third quarter earnings that missed analyst's expectations on Thursday and revenue that topped forecasts.
The IPO’s top underwriters, which include Nomura Holdings Inc. and Goldman Sachs Group Inc., have given non-binding assurances while they finalize terms of the loan to the Vision Fund, the people said. Deutsche Bank AG, Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. were also among banks chosen to lead SoftBank’s wireless unit IPO, Bloomberg News reported last week.
Investing.com - The Travelers reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
Losses were in the "low-single digit millions" on the financing arranged by Bank of America, Societe Generale SA, Natixis SA and Goldman Sachs Group Inc. for the video technology services provider now called Triton, said one of the people, who asked not to be identified because they aren’t authorized to speak publicly. A loan to acquisition company Triton for Permira’s buyout of Cisco Systems Inc.’s video technology business priced last week on much worse terms for the borrower than what it was initially seeking, after taking months to sell.
Investing.com - Financials staged a rally heading into close, driving Wall Street off session lows, as bank stocks surged amid a slew of upbeat earnings and rising bond yields.
Major banking funds have broken key support levels and dropped to 2018 lows, overwhelmed by eight Federal Reserve rate hikes and the most recent market swoon. Commercial and regional banks have lost ground at an equal pace in recent weeks, highlighting the broad nature of selling pressure that accelerated at the end of September. Meanwhile, Bank of America Corporation ( BAC) is struggling to hold the mid-summer low at $27.74, while Citigroup Inc. ( C) ended a refreshing period of leadership behavior at the start of 2018 and is now trading nearly 14% below the January high.
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
Bank of America CEO Brian Moynihan said that the adoption of technology at the second-biggest U.S. lender has allowed him to cut 100,000 workers in less than a decade.