$BAC (Bank of America Corporation)

$BAC {{ '2015-10-14T13:22:24+0000' | timeago}} • Webcast

3Q15 non-interest expense for $BAC was $13.8Bil, flat with 2Q15. Litigation cost in 3Q15 and previous quarter was less than $250MM. On a YoverY basis, headcount was down 6%. Consumer Banking earned $1.8Bil in 3Q15, up 5% YoverY; mobile deposits represent 14% of consumer deposits. $BAC reported 22nd consecutive quarter of loan growth.

$PYPL {{ '2017-07-26T22:38:44+0000' | timeago}} • Announcement

$PYPL announced a partnership with $BAC which will enable Bank of America customers to transact with PayPal in stores and seamlessly link their Bank of America cards into PayPal. Bank of America cards will be tokenized for customers wishing to use PayPal for in-store purchases, across MasterCard and Visa portfolios in the US.

$BAC {{ '2017-07-26T15:49:41+0000' | timeago}} • Announcement

$BAC declared a regular quarterly cash dividend on its common stock of $0.12 per share, payable Sept 29, to shareholders as of Sept 1. $BAC also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, which is payable Oct 25 to shareholders as of Oct 11.

$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.

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