|Bid||31.00 x 40700|
|Ask||31.01 x 3200|
|Day's Range||30.83 - 31.10|
|52 Week Range||22.75 - 33.05|
|PE Ratio (TTM)||16.33|
|Earnings Date||Oct 15, 2018|
|Forward Dividend & Yield||0.60 (1.94%)|
|1y Target Est||34.57|
tesla, Snap and Hertz are a few of the companies with shares expected to trade actively in Tuesday’s session.
Baltimore-based T. Rowe Price has $1.07 trillion in assets under management as of July 31 and is constantly buying and trading stocks within its mutual funds. The most recent filing on Aug. 14 revealed that T. Rowe Price sold 3.7 million shares of Tesla in the second quarter, before CEO Elon Musk's announcement earlier this month of his desire to take private the electric-car manufacturer. T. Rowe Price is one of Tesla's biggest shareholders, so when the Wall Street Journal reported the sale of shares it was of interest to those following the saga.
The Korea Exchange (KRX) said on Tuesday it was monitoring Merrill Lynch's (BAC.N) Seoul operations after media reports and petitions regarding the investment bank's trades. A KRX official said his team was closely monitoring of Merrill Lynch's Seoul operations "as there are public concerns about its high-speed trading". KRX officials declined to be identified, citing internal policies.
The Korea Exchange (KRX) said on Tuesday it was monitoring Merrill Lynch's Seoul operations after media reports and petitions regarding the investment bank's trades. A KRX official said his team was closely monitoring of Merrill Lynch's Seoul operations "as there are public concerns about its high-speed trading". KRX officials declined to be identified, citing internal policies.
Singapore Telecommunications Ltd., Southeast Asia’s largest telecom services provider, is moving ahead with examining a possible bid for wireless operator Amaysim Australia Ltd., people with knowledge of the matter said. The company is working with Bank of America Corp. to assess options for investing in Sydney-based Amaysim, the people said, asking not to be identified because the process is private. A deal for Amaysim, which leases the wireless network owned by the Singapore carrier’s local subsidiary, would give Singtel access to the operator’s more than 1.1 million mobile subscribers.
The Korea Exchange said on Tuesday it was looking into Merrill Lynch's Seoul operation over alleged unfair stock trades. "The KRX is looking into Merrill Lynch over unfair stocks trading allegations," ...
Merrill Lynch will pay $8.9 million to settle charges it failed to disclose a conflict of interest, the Securities and Exchange Commission said Monday. The SEC said that Merrill, the brokerage arm of Bank of America Corp., mishandled 1,500 investor accounts through its relationship with a third-party product provider. Investors had about $575 million in the products, managed by a subsidiary of an unnamed foreign multinational bank, the SEC said.
Bank of America (NYSE:BAC) has been a big winner under Donald Trump. Since shortly before the 2016 election, the stock has shot up 86%, while the Nasdaq is up just 36%. Since the Donald Trump tax cut came into effect, the bank has booked over $13.7 billion in net income. Analysts say Bank of America is growing in all the right ways, avoiding the scandals that took down Wells Fargo (NYSE:WFC), bringing its price to book over 1.2, after it spent the entire Barack Obama Administration under 1.
Bank of America Corp.’s Merrill Lynch unit agreed to pay almost $9 million to settle a U.S. regulator’s allegations that it failed to disclose a conflict of interest tied to an outside advisory firm. The conflict impacted whether Merrill would continue to offer its clients the products that were managed by the outside firm, the SEC said.
Bank of America (BAC) and Citigroup (C) continue to receive criticism for their stance on gun policies adopted post mass shootings in some high schools earlier this year.
A decade after the financial crisis, The Wall Street Journal has checked in on dozens of the bankers, government officials, chief executives, hedge-fund managers and others who left a mark on that period to find out what they are doing now. Today, we spotlight Bank of America CEO Brian Moynihan. When Brian Moynihan took on the job of chief executive of Bank of America Corp. in 2010, the bank’s very existence seemed uncertain.
Here’s a simple thesis on Amazon.com (NASDAQ:AMZN) stock: So long as Amazon keeps disrupting industries, AMZN stock will keep heading higher. Amazon pioneered e-commerce, stole significant market share from traditional retailers, and is now one of the world’s largest retailers. Amazon pioneered cloud services, stole significant market share from traditional IT players, and is now the world’s largest cloud company.
Jim Kelligrew, vice chairman and co-head of corporate and commercial banking at U.S. Bank, says this particular Development Network Chapter is an important one because it signals U.S. Bank's commitment to the Charlotte market.
During 2018, the return on Bank of America (NYSE:BAC) has been uninspiring, coming to about 5%. Yet various other large banks have posted worse returns than BAC stock; Citigroup (NYSE:C) and Wells-Fargo (NYSE:WFC) have generated negative returns.
Louisiana is using the bond market to stick up for the Second Amendment. The state’s bond commission voted 7 to 6 Thursday to ban Bank of America Corp. and Citigroup Inc. from working on its upcoming debt sale because of the banks’ "restrictive gun policies," the state treasury said in a statement. Bank of America and Citigroup are the two top-ranked underwriters of long-term municipal debt, according to data compiled by Bloomberg.
Citigroup’s (C) balance sheet has been growing at a faster pace in recent quarters. Its total assets increased 3% YoY (year-over-year) to ~$1.9 trillion at the end of the second quarter of 2018. It was mainly helped by higher deposits, new assets, increased lending, rate spreads, and broking assets. However, the disposal of some legacy assets and share repurchases partially offset the growth.
Acon Investments LLC, the buyout firm that owns a bankrupt Applebee’s franchisee, wants to recapitalize the restaurant operator while also leaving the door open for a new bidder to emerge in the chapter 11 proceedings, a lawyer for the franchisee said. The disclosure came during a hearing Thursday in U.S. Bankruptcy Court in Wilmington, Del., during which RMH Franchise Holdings Inc. faced off against Bank of America NA, which leads a group of secured lenders. The bank said last week that the restaurant operator, which sought protection from creditors in May, should put itself up for sale immediately before it gets to use any more cash to run its business.
Investing.com - The Dow had its best day in months as investors cheered bullish earnings from Walmart and optimism over U.S-China relations as both parties will resume trade talks.
Investing.com - Metal prices rebounded Thursday from a rout a day earlier as a subdued dollar and expectations for renewed U.S.-China trade talks supported sentiment, helping gold prices steady.
Bank stocks were hopping higher than most other sectors on Thursday. The relative strength gives ample reason to scour the sector for trade ideas. With that said, here’s why and how I would play BAC stock with options.
The country's second largest bank has been sending us some mixed messages about its plans for the market.
The Fed’s latest findings stated that the banks that have passed the test are properly capitalized to face a financial crisis. The Fed added that cumulatively, the 35 banks had built an extra over $800 billion in Tier 1 capital since 2009. With this, the banks that cleared the test were allowed to enhance their capital return policies, which is anticipated to be higher than last year.