Bank of America Corp (NYSE:BAC) To Pay Its Employees Working Through The Pandemic A $750 Bonus

Bank of America Corp (NYSE:BAC) has announced that it will give its employees earning less than $100,000 per year a pandemic bonus of $750. On the other hand, those earning more will receive a stock grant or around 150 to 750 units of unrestricted stock. Staff to receive bonuses on stock grants However, the bank […]

Bank of America Corp (NYSE:BAC) Plans To Vote For Restructuring Senior Leadership Team

The leading financial institution Bank of America Corp (NYSE:BAC) is planning to make some changes to its senior leadership team. As per the reports, the institution looks forward to arranging a voting on the change made in October in relation with allowing Brian Moynihan, CEO, Bank of America to also act as its Chairman. The […]

Interest Rate Scenario Complex For Bank of America (NYSE: BAC)

Boston, MA 10/16/2014 (wallstreetpr) – The CEO of Bank of America (NYSE: BAC), Brian Moynihan discussed Bank’s third quarter results on Wednesday when the yield on 10-year Treasury’s crashed by 2%. The bank has reported a loss per share in this quarter, though not severe as expected. The various yields have dropped down which proves […]

Bank of America Corp (NYSE:BAC) Books Small Profit Amid Legal Headwinds

Boston, MA 10/15/2014 (wallstreetpr) – Bank of America Corp (NYSE:BAC) is seen inching up by nearly 1% during pre-market hours after it succeeded in beating analysts’ expectations in its third quarter financial performance. The cost control measures reflected some positive on the bank’s performance, despite the burden of large legal charges. Cost Control In Play The […]

Bank of America Corp (NYSE:BAC) CFO Bruce Thompson Says It Made Significant Progress On Its Cost Structure

Boston, MA 10/15/2014 (wallstreetpr) – Bank of America Corp (NYSE:BAC) CFO, Bruce Thomson, said that the company was on track to achieve the objectives on cost structure established three years back. He said that it has made significant progress during the third quarter. Its credit quality metrics reflected improvement environment, as well as, its risk […]

Bank of America Corp (NYSE:BAC) Finalizes A Settlement At $16.7 Billion, Pulls Up Its Share Value

Boston, MA 08/22/2214 (wallstreetpr) – Bank of America Corp (NYSE:BAC) finally took a call to pay $16.7 billion in order to settle the budding charges emanating from the sale of a myriad of mortgages backed by sumptuous securities. Analysts are of the opinion that this move is expected to help BAC put the existing or […]

Bank Of America Corporation (NYSE:BAC)’s Stock Soars

Boston, MA, 11/22/2013 (wallstreetpr) – Brian Moynihan, the CEO of Bank Of America Corp (NYSE:BAC) is taking great efforts in selling off $60 billion of assets and settling $50 billion of mortgage claims. His stupendous efforts led BAC to concentrate on business and wealth management. The corporation grew by 26% contributing to revenue of $718 […]