|Bid||30.16 x 500|
|Ask||30.30 x 2000|
|Day's Range||29.80 - 30.34|
|52 Week Range||22.07 - 33.05|
|PE Ratio (TTM)||19.33|
|Earnings Date||Jul 16, 2018|
|Forward Dividend & Yield||0.48 (1.60%)|
|1y Target Est||34.91|
A key Republican lawmaker called out Citigroup Inc. and Bank of America Corp. for their decision to restrict business with the firearms industry. Senate Banking Committee Chairman Mike Crapo, whose committee writes banking laws and oversees Wall Street’s regulators, wrote to the chief executive officers of both banks last week. “We should all be concerned if banks like yours seek to replace legislators and policy makers and attempt to manage social policy by limiting access to credit,” Crapo, from Idaho, wrote in a letter to Citigroup CEO Mike Corbat.
The nation's second-largest bank hosted its shareholders at the Hilton Charlotte Center City, and an overarching theme of positivity due to BofA's most recent track record of success was palpable throughout the room.
It’s long been suggested that the stock market is vulnerable during earnings season because its biggest allies, companies themselves, are sidelined. Repurchases by Bank of America Corp.’s corporate clients rose to a four-year high last week, the firm’s equity strategists led by Jill Carey Hall and Savita Subramanian wrote in a note Tuesday. Financial firm buybacks were particularly strong, hitting levels not seen since BofA began tracking the data in 2009.
Bank of America Corp.’s new policy denying loans and other services to certain gun makers came after dozens of employees lost family members or suffered other trauma related to mass shootings in the past few years. “This comes from our teammates saying we have to help,” Chief Executive Officer Brian Moynihan said Wednesday at the company’s annual meeting in Charlotte, North Carolina. “The company is willfully giving up money,” Justin Danhof, general counsel of the National Center for Public Policy Research, said to Moynihan.
Amid all the excitement about China’s plan to open up its securities market, one U.S. banking giant is playing it cool. Deterred by what it sees as uncertain profit opportunities, Bank of America Corp. has no near-term plans to follow the seven foreign firms -- from Goldman Sachs Group Inc. to Credit Suisse Group AG and Citigroup Inc. -- that have set up securities joint ventures on the mainland, a person with knowledge of the bank’s strategy said. China plans to allow foreign firms to take majority stakes in securities JVs this year.
The mortgage lending market is starting to slow, particularly for large, national banks. As a result, a handful of them, including Bank of America Corporation ( BAC), Wells Fargo & Company ( WFC) and JPMorgan Chase & Co. ( JPM), are pouring tons of money into mortgage apps and websites, betting that this is the way to drive younger home buyers their way. The moves, highlighted in a Reuters report, are also aimed at eliminating errors in paperwork and making it easier and quicker for customers to get approved for a home loan.
On the heels of a market friendly tax cut, record corporate earnings and a chorus of talking heads including yours truly predicting another year of rising stock prices, only one thing is missing. Every bull market has its wall of worry and this year is no different. The usual market killing suspects are all doing their best to keep investors off balance.
While the bank will more than likely compete with bigger banking giants for business, local banks could feel a recruitment squeeze, experts say.
Artificial intelligence is among the hottest topics across industries, and the advances in its use are stunning. Earlier this month, Harvard Kennedy School’s Belfer Center for Science and International Affairs and Bank of America announced the formation of The Council on the Responsible Use of Artificial Intelligence (AI), a new effort to address critical questions surrounding this far-reaching and rapidly evolving application for data and technology. In a press release, Dan Schrag, Co-Director of the Belfer Center’s Science, Technology, and Public Policy Program noted, “Artificial intelligence and machine learning have potential to improve our lives in all sorts of exciting ways, but there are also risks.
When BOA SA. (WSE:BOA) announced its most recent earnings (31 December 2017), I did two things: looked at its past earnings track record, then look at what is happening inRead More...
SHANGHAI (AP) — Missed paying dues on your Communist Party membership? There's a bank for that - and it's fully automated.
The research firm Javelin says more than 1 million kids were victims of identity fraud last year. Yahoo Finance’s Alexis Christoforous talks with Hotspot Shield security analyst Robert Siciliano about how to protect your family.
Apr.25 -- Patrick Armstrong, chief investment officer at Plurimi Wealth, and Kamal Sharma, director of G10 FX strategy at Bank of America Merrill Lynch, discuss the significance of the U.S. 10-year yield hitting 3% and where it can go from here. They speak with Mark Barton on "Bloomberg Surveillance."