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Bank of America Corp (NYSE:BAC) Diversification And Cost Cutting Yield Results

Boston, MA 10/21/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) has managed to declare better than expected quarterly results on account of cost cutting and its diversified portfolio. Other banks and financial institutions in the same space have not been so lucky. Goldman Sachs Group Inc (NYSE:GS) reported a fall in revenue by 20% in the […]

Bank of America Corp (NYSE:BAC) Mortgage Space Still A Worry

Boston, MA 10/18/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) reported good 3Q13 results on back of improving credit quality, reduction in costs and overall favorable credit conditions. Earnings were up at $0.20 per share, revenues showed positive growth at $21.7 billion, and the average deposit balances were highest in many years at $522 billion. The […]

Bank of America Corp (NYSE:BAC) Declares 3Q13 Results

Boston, MA 10/17/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) declared healthy third quarter results due to favorable credit conditions and lower expenses. Earnings were $0.20 per share against $0.18 per share expected by analysts. The company had made no profit for the same period last year. Revenues increased to $21.7 billion. Analysts had expected revenues […]

Bank of America Corp (NYSE:BAC) Is Moving With The Wind – Positive Surge In Share Prices

Boston, MA 10/16/2013 (wallstreetpr) – The bank is expected to release its 3rd Quarter 2013 results on October 16. It may be on these news that the share price of the bank has jumped up. The bank is targeting to report an EPS of $0.18 for the quarter ending 30 September, 2013. This is far much […]

Bank of America Corp (NYSE:BAC) – Performance Impacted By Shutdown

Boston, MA 10/15/2013 (wallstreetpr) – Bank of America Corp(NYSE:BAC), is a bank and a financial holding company. BAC is a financial institution, offering a wide range of services across the world (individual consumers, corporations, Governments, and small & medium enterprises). It offers services pertaining to banking and investment activities, asset management, and various risk management […]

Intern Erhardt Working for Bank of America Corp (NYSE:BAC) Died Due To Eplilepsy According To Court

Boston, MA 10/14/2013 (wallstreetpr) – The 21 year old former intern named Moritz Erhardt, who was working for Bank of America Corp (NYSE:BAC) died because of an attack of epilepsy. Epilepsy is a state in which the patient’s brain is affected and it causes several severe attacks and in extreme cases fits too. A British coroner’s court […]

Bank of America Corp (NYSE:BAC) Rose On Future Prospects After Its Merger Completed With Merrill Lynch

Boston, MA 10/10/2013 (wallstreetpr) – The bank has recovered recently, with greater prospects to become investment worthy, after the completion of Merrill Lynch’s merger. This has brought an end to the process which started in late 2008, when the global economic crisis was at its peak. The deal was earlier talked of as the most strategic […]

Bank of America Corp (NYSE:BAC) Sees A New Day in India, But Why?

Boston, MA 10/04/2013 (wallstreetpr) – Could India be the next destination for the US companies seeking global opportunities? The president and head of Bank of America Corp (NYSE:BAC) India, Kaku Nakhate, thinks so. Of course, India hasn’t been ranking high among overseas firms’ investment options, but the sliding rupee against the dollar is the reason the […]

Bank of America Corp (NYSE:BAC) merges with Merrill Lynch

Boston, MA 10/02/2013 (wallstreetpr) – The 2nd largest bank in the United States by assets, Bank of America Corp (NYSE:BAC) completed the merger with Merrill Lynch and Co. This is the subsidiary of the parent company. The merger will help in simplifying the corporate structure of the bank. The bank now assumes the debt and the […]

Bank of America Corp (NYSE:BAC) To Settle Lawsuit Worth $32 Million

Boston, MA 10/01/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) is going to settle a class action lawsuit which was filed against BAC, which will cost the company worth $32 million. This lawsuit was filed on behalf of 7.7 million Bank of America customers, for harassment of debtors by using a robotic service for Debt collection. […]

Bank of America Corp (NYSE:BAC) CEO says consumer spending on rise

Boston, MA 09/23/2013 (wallstreetpr) – Brian T Moynihan, the Chief Executive Officer of Bank of America Corp (NYSE:BAC) said that consumers were now spending 5-6% more this month than what was being spent in 2012 in the same month, despite the fact that there was a marked slowdown in the economy.  He said that the route […]

U.S CFOs optimistic about economy and Dashboard Analytics launched by Bank of America Corp (NYSE:BAC) Merrill

Boston, MA 07/25/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) closed in the previous trading session at $14.71 after heading towards southwards direction by 1.54% (-$0.23). With around 10.75 billion outstanding shares, the market capitalization of the company is $158.08 billion. The financial officers of United States gave the highest score to the economy in five […]

Bank of America Corp (NYSE:BAC) targeting their customer groups through its diversified services and strong momentum

Boston, MA 07/19/2013 (wallstreetpr) – The efforts of the financial giant to cut down the costs of operations and to clean up the struggles in the mortgage business of the company, had enabled Bank of America Corp (NYSE:BAC) to present huge jumps in profits by 63% for the second quarter of this fiscal year. The Charlotte, […]

Bank of America Corp (NYSE:BAC) experiencing decent gains

Boston, MA 07/11/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) is experiencing decent gains with the KBW index increasing by 25 percent since the beginning of the current year 2013. There were a lot of positive announcements relevant to the company, a factor that facilitated the capital holding interests of various large lenders.  The share price […]

Market awaits verdict of Article 77 hearing for Bank of America Corp (NYSE:BAC)’s future

Boston, MA 07/10/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) is still attracting bullish sentiment since last week, surging further on Monday to close at $13.28, after hitting a high of $13.37 with high volume. Investors are closely watching the $13.40 price level to see if the stock has further potential. The company has announced a […]

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