26.60 +0.02 (0.08%)
After hours: 4:36PM EDT
|Bid||26.57 x 100|
|Ask||26.58 x 2400|
|Day's Range||26.15 - 26.59|
|52 Week Range||16.28 - 26.59|
|PE Ratio (TTM)||15.83|
|Forward Dividend & Yield||0.48 (1.83%)|
|1y Target Est||N/A|
NEW YORK (AP) — The selfie is everywhere — Facebook, Instagram, Twitter — and soon your bank could be asking for one in order to approve your purchase or credit card application.
Lloyds Banking Group (LLOY.L) saw a "unique opportunity" in buying struggling rival HBOS during the credit crisis and an investor lawsuit is "fundamentally flawed", a lawyer for the bank told London's High Court on Thursday. Helen Davies defended Lloyds' actions during the takeover on the second day of a 14-week London trial in which about 6,000 investors are claiming more than 550 million pounds in damages. Lloyds, Britain's largest retail bank, and the individual defendants deny any wrongdoing.
A California couple who is expecting to get more than $6 million from Bank of America Corp. over a long-running mortgage dispute has promised to donate some of the money to the legal community.
The Fed has hinted at three rate hikes in 2018. As of June 2017, the federal funds rate was 1.3%. With a rate hike in 4Q17 and three hikes in 2018, the rate is…
U.S. stock futures are trading sharply lower this morning on the 30 year anniversary of the Black Monday stock market crash. FAANG stocks are selling off again this morning, and it’s raising my “market correction” hackles like it did back on Sept. 25.
Bank of America’s (BAC) loan book expanded to $918.0 billion on September 30, 2017, compared with $915.0 billion in the previous quarter. YoY (year-over-year), it grew from $901 billion, reflecting strong ...
Bank of America’s (BAC) global banking division posted net income of $1.8 billion, a growth of 13% ($207 million) YoY (year-over-year). The division’s revenue grew by 5% to $5.0 billion, helped by strong…...
A judge who imposed a $45 million penalty on Bank of America Corp. over a foreclosure on a California couple still isn’t ready to forget the case he described as a “Kafkaesque nightmare.”
Lending to wealth management clients has become a boon for Wall Street’s big banks, The Wall Street Journal reports. “The lending side provides a lot of stickiness with relationships,” CEO James Gorman said Tuesday, adding that most of the firm’s clients have more than $100,000 at Morgan Stanley. “It’s a real competitive advantage now to be able to compete with the banks and offer these lending products,” he said.
The problem for Bank of America Corp. (NYSE:BAC) is that it — along with many of its money center rivals — has become anything but boring. On the contrary, it actually means that Bank of America is a great bank. Like Citigroup Inc (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM) and its other big bank rivals, Bank of America has made a pretty penny over the years from trading revenues.
Asset managers (XLF) have raked in new assets as retail and institutional clients seek to generate higher returns through equities. Investments have also risen due to expectations of tax rate…
Bank of America Corp. (NYSE:BAC) has regained its reputation as America’s best consumer bank.Source: Mike Mozart via Flickr
In this series, we’ll examine Bank of America’s performance across divisions, expected growth, strategic investments, valuation, dividends, yields, and analyst ratings.
Illinois on Tuesday sold the first $1.5 billion of a planned $6 billion of tax-exempt debt in the U.S. municipal market with mixed results. The state will sell the remaining $4.5 billion of general obligation bonds through a team of underwriters next week. “The state received strong bids today for its bonds and is pleased with the market’s favorable reception of the sale,” Scott Harry, Illinois' budget director, said in a statement.
Wall Street’s biggest brokerages posted double-digit gains in third-quarter profit as clients continued to move money into fee-based accounts and take on more debt.
TransCanada Corp. (TRP) is growing its footprint in the Bank of America Center again. The Calgary, Canada-based pipeline company signed a lease for another 82,916 square feet across three floors at 700 Louisiana St., according to a press release from Houston-based PM Realty Group. TransCanada now occupies nearly 260,000 square feet in the tower.
Bank of American Merrill Lynch downgraded Chipotle and cut its earnings targets, citing the restaurant's inability to reduce labor costs.
Oct.18 -- Michelle Meyer, head of U.S. economics at Bank of America Merrill Lynch, examines the decline in U.S. home construction in September. She speaks on "Bloomberg Daybreak: Americas."