$BAC (Bank of America Corporation)

$BAC {{ '2015-07-15T13:34:38+0000' | timeago}} • Webcast

$BAC 2Q15 Call - Bruce, CFO: Long-term debt was $243Bil, up $6Bil from 1Q15 as issuances outpace maturities. $10Bil of parent company debt scheduled to mature in the rest of 2015 and the Company will continue to be opportunistic in regards to issuance.

$BAC {{ '2018-01-08T20:37:25+0000' | timeago}} • Announcement

$BAC announced that Joe Gianni will succeed Kevin Cunningham as Market President, serving as the company’s enterprise leader in Hartford. Cunningham will focus full-time on his new responsibilities as the Global Commercial Bank Credit executive for Specialized Industries and Canada.

$BAC {{ '2017-12-18T14:01:18+0000' | timeago}} • Announcement

$BAC announced early participation results of previously announced exchange offers of existing notes for new new fixed/floating rate senior notes in two categories. The exchange offers will expire on Jan. 4, 2018, unless extended.

$BAC {{ '2017-12-14T17:22:40+0000' | timeago}} • Announcement

$BAC appointed Dr Maria Zuber as a director, effective immediately. Zuber currently serves as the VP for research at Massachusetts Institute of Technology, where she is responsible for research administration and policy. She has been appointed to the Enterprise Risk and Corporate Governance Committees of the BoD.

$BAC {{ '2017-12-07T15:46:18+0000' | timeago}} • Announcement

$BAC announced plans to repurchase an additional $5Bil in common stock by June 30, 2018. This will be apart from the previously announced plans to repurchase $12Bil in common stock from July 1, 2017 through June 30, 2018. The Federal Reserve Board has given green signal for the additional repurchases.

$BAC {{ '2017-12-05T14:38:09+0000' | timeago}} • Announcement

$BAC announced plans to repurchase an additional $5Bil in common stock by June 30, 2018. The Federal Reserve Board has informed the company that it has approved the additional repurchases.

$BAC {{ '2017-10-31T18:07:06+0000' | timeago}} • Announcement

$BAC declared a regular quarterly cash dividend on its common stock of $0.12 per share, payable on Dec 29, 2017 to shareholders as of Dec 1, 2017. The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on Jan 25, 2018 to shareholders as of Jan 11, 2018.

$BAC {{ '2017-10-13T19:10:55+0000' | timeago}} • Webcast

$BAC said it did not see a spike in loan defaults in 3Q17, unlike rivals such as $JPM and $C. However, the Charlotte, North Carolina- based company said it increased its provision for loan losses in the consumer banking segment by $269MM, keeping in mind the impact of hurricanes during the quarter.

$BAC {{ '2017-10-13T18:32:39+0000' | timeago}} • Webcast

Responding to a question whether $BAC would be able to hold the reins on costs in its Global Wealth and Investment Management business, the company said higher expenses are always attached to wealth management fee generation. In 3Q17, efficiency ratio for Wealth Management unit stood at 73%, much higher than Commercial Banking and Consumer units.

$BAC {{ '2017-10-13T18:07:59+0000' | timeago}} • Webcast

As part of its cost-cutting initiative, $BAC said it reduced workforce by 0.5% or 1,065 workers in 3Q17. The banking behemoth has cut over 80,000 jobs since CEO Brian Moynihan announced the initiative in 2011. Bank of America said it doesn't expect to see any more huge job cuts in the near future.

$BAC {{ '2017-10-13T13:15:17+0000' | timeago}} • Infographic

$BAC Bank of America Earnings AlphaGraphic: Q3 2017 Highlights

$BAC {{ '2017-10-13T12:14:49+0000' | timeago}} • Announcement

In 3Q17, $BAC witnessed revenue growth in three of its four segments. Revenue from its largest segment, Consumer Banking, increased 10%, while that from Global Wealth and Investment Management rose 6%. Global Banking segment revenue rose 5%, but revenue from Global Markets fell 11% during the quarter.

$BAC {{ '2017-10-13T12:07:34+0000' | timeago}} • Announcement

$BAC said its loans in 3Q17 totaled $927.1MM, while deposits came in at $1.284 trillion. Meanwhile, driven by higher commercial losses, $BAC's net charge-offs rose by $12Bil YoY to $900MM.

$BAC {{ '2017-10-13T12:02:32+0000' | timeago}} • Announcement

$BAC, the second largest US bank by assets, said sales and trading revenue fell 13% to $3.1Bil in 3Q17 due to unfavorable market conditions and lower volatility in rates products. Fixed-income trading revenue fell 22% to $2.15Bil. Earlier, rivals $C and $JPM had also reported 16% and 27% declines respectively in their fixed-income trading revenues.

$BAC {{ '2017-10-13T11:53:40+0000' | timeago}} • Announcement

In spite of weak bond trading business, $BAC reported 13% jump in net income in 3Q17 to $5.6Bil, or $0.48 per share. Meanwhile, riding on a 9% climb in Net Interest Income during the quarter, the banking giant managed to modestly lift its revenue up 1% to $22.08Bil.

$CGI {{ '2017-10-10T14:21:38+0000' | timeago}} • Announcement

$CGI appointed Kathleen Ross to its BoD. The board has determined that Ross is an independent director under NYSE Rule. Ross retired from $BAC in September 2016, where she served as a SVP in the bank's transportation and logistics group since 2008.

$BAC {{ '2017-10-04T22:35:34+0000' | timeago}} • Announcement

$BAC announced that the 68th US Secretary of State, John F. Kerry, has joined the bank’s Global Advisory Council as Chairman. Secretary Kerry, a former US senator from Massachusetts, is currently Distinguished Fellow for Global Affairs at Yale University and Visiting Distinguished Statesman at the Carnegie Endowment for International Peace.

$BAC {{ '2017-09-20T15:41:19+0000' | timeago}} • Webcast

With customers like $BAC and $T, $ORCL is confident of taking market share across the applications ecosystem. Oracle's app business grew 17% in 1Q18 with large marquee customer wins across Cloud portfolio. Oracle said its app business growth rate in the Cloud is higher than other players and sells double of what $CRM sells in absolute dollars.

$BAC {{ '2017-09-18T14:48:54+0000' | timeago}} • Announcement

$BAC Board has authorized a regular quarterly cash dividend of $0.375 per depositary share on the 6% Non-Cumulative Preferred Stock, Series EE. The dividend is payable on Oct 25, 2017 to shareholders as of Oct 1, 2017.

$BAC {{ '2017-09-18T14:44:34+0000' | timeago}} • Announcement

$BAC authorized a regular quarterly cash dividend of $0.3875 per depositary share on the 6.20% Non-Cumulative Preferred Stock, Series CC. The dividend is payable on Oct 30, 2017 to shareholders as of Oct 1, 2017.

$BAC {{ '2017-09-18T14:42:51+0000' | timeago}} • Announcement

$BAC authorized a regular semi-annual cash dividend of $32.50 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z. The dividend is payable on Oct 23, 2017 to shareholders as of Oct 1, 2017.

Recent Transcripts

WFC (Wells Fargo & Company)
Friday, January 12 2018 - 3:00pm
PNC (The PNC Financial Services Group, Inc.)
Friday, January 12 2018 - 2:30pm
BLK (BlackRock, Inc.)
Friday, January 12 2018 - 1:30pm
JPM (JPMorgan Chase & Co.)
Friday, January 12 2018 - 1:30pm
ORCL (Oracle Corporation)
Thursday, December 14 2017 - 10:00pm
BMO (Bank of Montreal)
Tuesday, December 5 2017 - 7:00pm
INTU (Intuit Inc.)
Monday, November 20 2017 - 9:30pm
GROW (U.S. Global Investors, Inc.)
Friday, November 10 2017 - 1:30pm
FNGN (Financial Engines, Inc.)
Thursday, November 2 2017 - 9:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
EVBN (Evans Bancorp Inc.)
Monday, October 30 2017 - 8:45pm
FDC (First Data Corporation)
Monday, October 30 2017 - 12:00pm
BEN (Franklin Resources, Inc.)
Thursday, October 26 2017 - 3:00pm
RJF (Raymond James Financial, Inc.)
Thursday, October 26 2017 - 12:15pm
HLI (Houlihan Lokey, Inc.)
Tuesday, October 24 2017 - 9:00pm
WAL (Western Alliance Bancorporation)
Friday, October 20 2017 - 4:00pm
BHLB (Berkshire Hills Bancorp Inc.)
Friday, October 20 2017 - 2:00pm
ADS (Alliance Data Systems Corporation)
Thursday, October 19 2017 - 12:30pm
CMA (Comerica Incorporated)
Tuesday, October 17 2017 - 12:00pm
WFC (Wells Fargo & Company)
Friday, October 13 2017 - 2:00pm

AlphaGraphics you may like