|Bid||31.190 x 41800|
|Ask||31.200 x 28000|
|Day's Range||30.13 - 31.20|
|52 Week Range||24.58 - 33.05|
|PE Ratio (TTM)||16.36|
|Earnings Date||Oct 15, 2018|
|Forward Dividend & Yield||0.60 (1.98%)|
|1y Target Est||34.57|
Sep.18 -- Ronan Carr, equity strategist at Bank of America Merrill Lynch, reveals the results of the firm's monthly fund manager survey. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: The Open."
Corp. will pay $30 million as part of a settlement with the Commodity Futures Trading Commission related to charges that the bank tried to manipulate a benchmark for interest-rate products over a span of six years. The CFTC said Wednesday that Bank of America tried to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix, or ISDAfix, to help its own derivatives positions. Bank of America traders, according to the futures regulator, attempted to manipulate rates to benefit specific trading positions and influence reference rates and spreads ahead of the time the final rates were published.
U.S. regulators ordered Bank of America on Wednesday to pay a $30 million civil penalty for what it called attempted manipulation of the swaps and derivatives benchmark. The Commodity Futures Trading Commission said in a statement that Bank of America from January 2007 through December 2012 made false reports and attempted to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix, a leading global benchmark. Bank of America spokesman Bill Halldin said the bank has "significantly enhanced" the procedures it uses to detect inappropriate behavior.
U.S. regulators ordered Bank of America on Wednesday to pay a $30 million civil penalty for what it called attempted manipulation of the swaps and derivatives benchmark. The Commodity Futures Trading Commission ...
For most of 2018, the stock markets have been suffering from a slew of headlines about global tariff wars. Bank stocks in general have been under pressure though. Bank of America (NYSE:BAC) stock is only up 4% for the year, but it’s not alone.
J.P. Morgan Chase, Barclays, HSBC Holdings, Credit Suisse, Wells Fargo and Prudential Financial were in advanced talks to take stakes in the business, valuing Simon at about $100 million, a source familiar with the matter said. Morgan Stanley and Bank of America announced their backing of a rival structured notes sales platform called Luma in July. Goldman Sachs GS shares jumped 2 percent after word it has lined up rival banks to take stakes in its three-year-old app devoted to selling complex investment products.
In sync with its plans to focus on core operations and improve efficiency, BofA (BAC) is selling alternative investment feeder funds.
Bank of America Corp. agreed to sell businesses that administer alternative investment feeder funds to iCapital Network, a financial-technology firm led by a former Goldman Sachs Group Inc. banker. The operations for feeder funds, which pool client money to invest in hedge funds and private equity, handle about $20 billion in client holdings, boosting the assets on iCapital’s platform by more than four times, iCapital Network said Tuesday in a statement. Bank of America Chief Executive Officer Brian Moynihan has worked to streamline the bank since the financial crisis, and the iCapital deal will help it further simplify operations.
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
The $900 million will be tacked onto the $5.3 billion paid to merchants in 2012. Visa's share of the additional settlement payment is $600 million, while Mastercard agreed to pay $108 million on a pre-tax basis, according to Securities and Exchange Commission filings.
Facebook’s (FB) social media business is powered by advertising dollars. Alibaba (BABA) is a major player in the e-commerce space, with interests in cloud computing and financial technology. IBM (IBM) is a legacy leader in the information technology business, releasing applications for enterprises around the world. As much as these companies operate in different core industries, there is a common thread that joins them—an appetite for blockchain technology.
There are a few reasons to consider going long Bank of America (NYSE:BAC) now. Bank of America stock, JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS) and others are all high-quality names with low valuations. As a result, there are a few pros and cons to owning Bank of America stock right now.