$BAC (Bank of America Corporation)

$BAC {{ '2016-07-18T11:30:59+0000' | timeago}} • Announcement

$BAC's total loans and leases for 2Q16 rose to $903.2Bil from $881.2Bil in the previous year quarter. Total assets rose to $2.19 trillion from $2.15 trillion and total deposits grew to $1.22 trillion from $1.15 trillion. Common shareholders' equity rose to $241.8Bil from $229.4Bil, while long-term debt fell to $229.6Bil from $243.4Bil.

$BAC {{ '2017-07-18T18:18:01+0000' | timeago}} • Webcast

$BAC said it does not consider M&A as a capital strategy. It said the company has been grown organically by investing in cash major capabilities and hence, it does not want to be distracted by acquisitions.

$BAC {{ '2017-07-18T17:11:25+0000' | timeago}} • Webcast

$BAC said total loans in 2Q17 were up 2% YoY, adding that sale of UK card lowered average loan by 2.9Bil. Loan growth was reduced by continued run-off consumer real estate loans during the quarter. However, loans in the business segment were up $39Bil or 5%, led by consumer banking. $BAC continues to see good growth in residential mortgages.

$BAC {{ '2017-07-18T13:11:59+0000' | timeago}} • Infographic

$BAC Bank of America Corporation Earnings AlphaGraphic: Q2 2017 Highlights

$BAC {{ '2017-07-18T12:24:18+0000' | timeago}} • Announcement

Revenue increased 9% to $8.5Bil in $BAC's Consumer Banking segment in 2Q17. Meanwhile, revenue rose 6% to $4.7Bil in Global Wealth and Investment Management, and 7% to a record $5Bil in Global Banking. Global Markets was a dark spot, with a revenue decline of 8% to $3.9Bil, driven by lower sales and trading results.

$BAC {{ '2017-07-18T12:12:51+0000' | timeago}} • Announcement

$BAC, the second-largest US lender by assets, said its sales and trading revenue was $3.2Bil in 2Q17, including negative net debit valuation adjustment of $159MM. Excluding net DVA, sales and trading revenue was down 9%YoY. Meanwhile, fixed income trading unit showed a decline of 14% during the quarter.

$BAC {{ '2017-07-18T12:03:28+0000' | timeago}} • Announcement

Despite a fall in trading, banking major $BAC reported higher revenue and net income in 2Q17, helped by growth in its largest unit - Consumer Banking. Total revenue grew 7% to $22.8Bil, while net income increased 10% to $4.9Bil, or $0.46 per share. Meanwhile, net interest income rose 9% to $11Bil, reflecting benefits from higher interest rates.

$BAC {{ '2017-06-29T13:13:13+0000' | timeago}} • Announcement

$BAC received no objection from the Federal Reserve for its capital plan. The plan includes its intention to lift quarterly dividend by 60% to $0.12 per share, beginning in 3Q17, and its authorization to repurchase of $12Bil of common stock from July 1, 2017 through June 30, 2018.

$BAC {{ '2017-06-16T15:02:25+0000' | timeago}} • Announcement

$BAC's BoD authorized a regular quarterly cash dividend of $18.125 per Series L 7.25% Non-Cumulative Perpetual Convertible Preferred share. The BoD also authorized regular quarterly cash dividend of $0.3875 per Series CC 6.20% Non-Cumulative Preferred share. The dividends are payable on July 31 to shareholders of record as of July 1.

$WFC {{ '2017-06-13T21:31:11+0000' | timeago}} • Announcement

$WFC said Andrew Rowe has been selected as head of its Community Banking Customer Segments team, to join Wells Fargo in September. Rowe will join Wells Fargo from $BAC, where he most recently served as Consumer Risk Executive for consumer products and channels.

$BAC {{ '2017-05-31T13:26:37+0000' | timeago}} • Announcement

$BAC expects to complete sale of its consumer credit card business in U.K., MBNA Ltd., to Lloyds Banking Group on June 1, ahead of schedule. Upon closing, $BAC expects to record a minimal after-tax gain associated with the sale. The transaction does not impact its global commercial card business, which is part of Global Transaction Services.

$CATM {{ '2017-05-02T15:06:33+0000' | timeago}} • Announcement

$CATM said Dan Antilley has been named its Chief Information Security Officer. Antilley will join Cardtronics, effective May 30, from $BAC, where he served as SVP, Global Information Security Operations Executive.

$BAC {{ '2017-04-26T18:15:29+0000' | timeago}} • Announcement

$BAC declared a regular quarterly cash dividend on common stock of $0.075 per share, payable June 30, to shareholders of record as of June 2. The board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Series B preferred stock, payable July 25 to shareholders of record as of July 11.

$BAC {{ '2017-04-18T14:14:46+0000' | timeago}} • Webcast

Given the March rate hike by the Fed, $BAC expects Net Interest Income (NII) for 2Q17 to improve, but said the improvement will be much more modest than Q4 to Q1. During 1Q17, NII grew 5% mainly due to the higher interest rates.

$BAC {{ '2017-04-18T13:44:27+0000' | timeago}} • Webcast

$BAC saw a positive turn in its card income line during 1Q17. It had a modest growth in card balances and expects that trend to continue. During 1Q17, the bank issued about 1.2MM cards.

$BAC {{ '2017-04-18T13:33:37+0000' | timeago}} • Webcast

In terms of loan growth, $BAC said that it has been able to outgrow the economy despite the declining industry loan growth. The bank's loans business grew about 7% YoY in its first quarter of 2017. The company believes it can continue to grow in the mid single digit against the backdrop in the economy growth rate.

$BAC {{ '2017-04-18T11:49:05+0000' | timeago}} • Infographic

$BAC Bank of America Corp. Earnings AlphaGraphics: Q1 2017 highlights

$BAC {{ '2017-04-18T11:39:35+0000' | timeago}} • Announcement

In 1Q17, Provision for credit losses declined 16% to $835MM from $997MM for $BAC. Net charge-offs slumped 13% to $934MM from $1.1Bil, pushing the net charge-off ratio down to 0.42% from 0.48%. Common equity ratio was 10.8% vs. 10.9% a year ago.

$BAC {{ '2017-04-18T11:34:56+0000' | timeago}} • Announcement

$BAC posted a 44% jump in attributable net income to $4.35Bil or $0.41 per diluted share in 1Q17, from $3.02Bil or $0.28 per share a year ago. Revenue, net of interest expense, hiked 7% to $22.2Bil from $20.8Bil. Higher interest rates and growth in loans, deposits helped interest income grow 5% to $11.1Bil. Noninterest income rose 9% to $11.2Bil.

$BAC {{ '2017-03-17T14:36:08+0000' | timeago}} • Announcement

$BAC Board also authorized a regular quarterly cash dividend of $0.40625 per depositary share on the 6.50% Non-Cumulative Preferred Stock, Series Y. The dividend is payable on April 27, to shareholders of record as of April 1.

$BAC {{ '2017-03-17T14:35:21+0000' | timeago}} • Announcement

$BAC BoD authorized a regular quarterly cash dividend of $18.125 per share on the 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on May 1 to shareholders of record as of April 1.

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