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5/15/15Company Update (NYSE:BAC): Judge tosses L.A’s mortgage discrimination suit against BofA (Jutia Group)

[Reuters] - A federal judge has thrown out a lawsuit by the city of Los Angeles accusing Bank of America of discriminatory mortgage lending, ruling that the municipality had offered no evidence that it was harmed by the bank. Filed in 2013, the lawsuit accused Bank of America and its Countrywide Home Loans unit [...]

5/6/15Market Update (NYSE:BAC): Bank of America Announces Results of 2015 Annual Meeting (Jutia Group)

[Business Wire] - Bank of America Corporation today announced the voting results of matters considered during the company’s annual meeting of shareholders in Charlotte. Read more on this. Bank of America Corporation (BAC), with a current value of $170.11B, opened at $16.36.   Looking at the equity, the company's one [...]

5/1/15 (Jutia Group)

[Benzinga] - In a report published Friday, analysts at Bank of America Merrill Lynch downgraded Yelp Inc. (NYSE: YELP ) from Buy to Neutral. The price target was also lowered from $65 to $55. The company reported disappointing ... Read more on this. Bank of America Corporation (BAC), valued at $169.59B, began trading [...]

4/29/15Market Update: Bank of America Corporation (NYSE:BAC) – MOVES-BofA Merrill takes DB’s Dodman ... (Jutia Group)

[Reuters] - By Helene Durand LONDON, April 29 - Bank of America Merrill Lynch has hired Christopher Dodman from Deutsche Bank to head the US bank's EMEA liability management business, according to sources. Dodman ... Read more on this. Bank of America Corporation (BAC), with a current value of $167.91B, opened at $15.61. [...]

4/28/15Company Update: Bank of America Corporation (NYSE:BAC) – BofA Reacts To Ubiquiti’s Negative P... (Jutia Group)

[Benzinga] - In a report published Tuesday, analysts at Bank of America maintained their Underperform rating on Ubiquiti Networks Inc (NASDAQ: UBNT ). The price target has been maintained at $33. The analysts believe ... Read more on this. Bank of America Corporation (BAC), currently valued at $164.12B, opened this morning at $15.56. [...]

4/22/15Stock Update: Bank of America Corporation (NYSE:BAC) – MOVES-BofA poaches bond trader from Gold... (Jutia Group)

[Reuters] - Bank of America Merrill Lynch has hired Deets Sankaranarayan from Goldman Sachs to be a director and senior trader in its investment-grade trading group starting in June. BofA is looking to strengthen its trading performance after most of its US trading rivals posted stronger-than-expected revenue from fixed-income trading in the first quarter. [...]

4/16/15Company Update (NYSE:HAL): Halliburton taps BofA, Deutsche Bank for asset sales -sources (Jutia Group)

[Reuters] - Halliburton Co has hired Bank of America Corp and Deutsche Bank AG to assist in the sale of two businesses that could be valued at as much as $5 billion collectively, according to people familiar with the matter. Following its $35 billion merger agreement with Baker Hughes Inc in November, Halliburton earlier [...]

4/15/15Stock Update (NYSE:BAC): Bank of America profit beats expectations as legal expenses fall (Jutia Group)

[Reuters] - BofA has paid at least $70 billion so far to settle legal issues related to the financial crisis, undermining cost-cutting initiatives introduced by Chief Executive Brian Moynihan since he took the bank's top job in 2010. Through job cuts, the bank is approaching employment levels of early 2008, before it brought in [...]

4/3/15Stock Update: Bank of America Corporation (NYSE:BAC) – Bond funds post $102 bln inflows in Q1, ... (Jutia Group)

[Reuters] - Investors worldwide poured $8.5 billion into fixed-income funds in the week ended April 1, marking the first three months of this year as the biggest first quarter for fixed-income inflows since 2001, data from a Bank of America Merrill Lynch Global Research report showed on Friday. The first quarter posted net cash [...]

3/30/15Market Update (NYSE:MS): BofA names new head of EMEA corporate debt capital markets (Jutia Group)

[Reuters] - Bank of America Merrill Lynch has hired Marcus Hiseman from Morgan Stanley as head of corporate debt capital markets for Europe, Middle East and Africa , according to an internal memo seen by Reuters on ... Read more on this. Morgan Stanley (MS), with a current value of $72.16B, opened at [...]

3/30/15Stock Update (NYSE:BAC): MOVES-BofA Merrill appoints new head of EMEA corporate DCM (Jutia Group)

[Reuters] - By Helene Durand LONDON, March 30 - Bank of America Merrill Lynch has appointed a new head of corporate debt capital markets and corporate fixed income solutions for the Europe, Middle East and Africa ... Read more on this. Bank of America Corporation (BAC), with a current market cap of $163.22B, [...]

3/25/15Company Update (NYSE:BAC): Ally Bank picks Charlotte exec and former BofA banker as its new CEO (Jutia Group)

[at American City Business Journals] - Charlotte-based Diane Morais has been named president and chief executive of Ally Bank. Parent company Ally Financial Inc. (ALLY) is now led by CEO Jeffrey Brown, who is based in Charlotte. Morais, known by colleagues and friends as “Di,” came to Ally in 2008 from Bank of America [...]

3/23/15Company Update (NYSE:BAC): Cyberark Software (CYBR) Higher Today as BofA/Merrill Initiates Coverage (Jutia Group)

[at TheStreet] - Shares of Cyberark Software (CYBR) surged today in late morning trading as Bank of America/Merrill Lynch initiated coverage on the company with a 'buy' rating and $60 price target. Read more on this. Bank of America Corporation (BAC), with a current value of $166.00B, opened this morning at $15.82. [...]

3/20/15Company Update: Bank of America Corporation (NYSE:BAC) – Stock funds worldwide attract over $20... (Jutia Group)

[Reuters] - Investors worldwide poured $20.1 billion into stock funds in the week ended March 18, marking the biggest weekly inflows into the funds year-to-date, data from a Bank of America Merrill Lynch Global Research ... Read more on this. Bank of America Corporation (BAC), with a current market cap of $165.48B, opened [...]

3/9/15Market Update (NYSE:BAC): Vital Voices and Bank of America Host Mentoring Program in Johannesburg... (Jutia Group)

[PR Newswire] - JOHANNESBURG, March 9, 2015 /PRNewswire/ -- Vital Voices Global Partnership and Bank of America today launched a weeklong initiative in Johannesburg, South Africa, connecting women leaders from sub-Saharan ... Read more on this. Bank of America Corporation (BAC), valued at $170.05B, started trading this morning at $16.32.   [...]

3/5/15Company Update: Bank of America Corporation (NYSE:BAC) – Bank of America Merrill Lynch Provides... (Jutia Group)

[Business Wire] - Bank of America Merrill Lynch Community Development Banking provided more than $3.2 billion in loans, tax credit equity investments and other real estate development solutions to o Read more on this. Bank of America Corporation (BAC), with a current market cap of $168.00B, started the session at $15.92.   [...]

3/3/15Stock Update: Bank of America Corporation (NYSE:BAC) – MOVES-BofA Merrill Lynch hires Lewis Ste... (Jutia Group)

[Reuters] - Bank of America Corp's Merrill Lynch unit has hired Lewis Steinberg from Credit Suisse Group AG to serve as its in-house tax expert, according to an internal memo seen by Reuters. Steinberg will join Merrill Lynch in May as head of structured solutions for the American operations of the mergers business, according [...]

2/26/15Company Update: Bank of America Corporation (NYSE:BAC) – Bank of America names Rudolf Bless chi... (Jutia Group)

[Reuters] - Bank of America Corp said Rudolf Bless will succeed Neil Cotty as chief accounting officer. Bless, currently Cotty's deputy, joined the bank last November, before which he was deputy chief financial officer ... Read more on this. Bank of America Corporation (BAC), valued at $168.68B, opened this morning at $16.42. [...]

2/25/15Market Update (NYSE:BAC): 2015 Bank of America Chicago Marathon Lottery Opens March 10 (Jutia Group)

[Business Wire] - Today the Bank of America Chicago Marathon announced that runners can enter the lottery for the 2015 event on March 10. Runners who qualify for a guaranteed entry will also be able to register at this time. Read more on this. Bank of America Corporation (BAC), with a current market [...]

2/24/15Company Update (NYSE:BAC): U.S. Environmental Protection Agency Recognizes Bank of America for Cl... (Jutia Group)

[Business Wire] - The U.S. Environmental Protection Agency has recognized Bank of America for exceptional leadership in response to climate change. The announcement was made today at the EPA 2 Read more on this. Bank of America Corporation (BAC), valued at $172.26B, began trading this morning at $16.27.   Shares [...]

2/18/15Market Update (NYSE:BAC): Bank of America and Social Finance Inc. Study Reveals Potential to Expa... (Jutia Group)

[Business Wire] - Bank of America today announced the results of a first-of-its-kind study exploring opportunities to use pay-for-success programs and other innovative forms of social financing and impact investing to expand social service programs for U.S. Read more on this. Bank of America Corporation (BAC), valued at $171.05B, started trading this morning [...]

2/17/15Market Update (NYSE:BAC): Bank Of America Just Gave FireEye A Boost (Jutia Group)

[Benzinga] - Bank of America analysts raised their price target for cybersecurity giant FireEye Inc (NASDAQ: FEYE ) on Tuesday morning, citing strong growth momentum, robust sales numbers and successful scaling. After ... Read more on this. Bank of America Corporation (BAC), currently valued at $174.89B, opened at $16.52.   [...]

2/16/15Bank of America Investment Banking (HedgeFundBlogger.com by Richard Wilson)

Bank of America Wants to Attract more Hedge Fund Clients to Its European Investment Banking Unit The nation's leading financial institution Bank of America wants to attract more hedge fund clients to its European investment-banking unit, including clients that were engaged in the so-called dividend-arbitrage tax trades. Bank of America Corp. for years used its government-backed U.S. banking

2/10/15Market Update: Bank of America Corporation (NYSE:BAC) – Operational, Competitive Enhancements S... (Jutia Group)

[Business Wire] - The March 29, 2015 Bank of America Shamrock Shuffle will host its seventh annual Elite Club 8K Competition, featuring men’s and women’s USATF-member racing teams from across the co Read more on this. Bank of America Corporation (BAC), with a current value of $172.68B, opened at $16.56.   [...]

1/28/15Stock Update (NYSE:BAC): BofA Merrill Wins Eight Global and Regional Industry Awards for Transact... (Jutia Group)

[Business Wire] - Bank of America Merrill Lynch was recently named winner of eight awards by financial trade publication, “Treasury Management International ,” in its annual Awards for Innovati Read more on this. Bank of America Corporation (BAC), with a current value of $161.85B, opened this morning at $15.72.   [...]

1/21/15Market Update: Bank of America Corporation (NYSE:BAC) – Why consumer banking is important for B... (Jutia Group)

[Market Realist] - Consumer and Business Banking is Bank of America Corporation’s (BAC) largest segment. It contributes about a third of the bank’s total revenues. Read more on this. Bank of America Corporation (BAC), valued at $163.11B, opened this morning at $15.27.   A quick look at the market, the [...]

1/20/15Market Update (NYSE:BAC): ON THE MOVE-Bank of America’s U.S. Trust hires 15 in December (Jutia Group)

[Reuters] - U.S. Trust, Bank of America Corp's private wealth management arm for high net worth clients, said on Tuesday it hired 15 advisers across the U.S. during December. The advisers, mostly employees at banks ... Read more on this. Bank of America Corporation (BAC), with a current market cap of $320.96B, started [...]

1/19/15Market Update (NYSE:BAC): Bank of America: The second-largest US banking operation (Jutia Group)

[Market Realist] - Bank of America Corporation's (BAC) banking operations are the second-largest in the United States by assets. Read more on this. Bank of America Corporation (BAC), with a current market cap of $161.74B, began trading this morning at $15.16.   Looking at today's market, BAC one day range [...]

1/12/15 (Jutia Group)

[at bizjournals.com] - Bank of America (NYSE:BAC) launched a new ad campaign today promoting its Preferred Rewards program, a loyalty offer for customers who keep more cash with BofA. The Charlotte-based bank's "Everywhere" ... Read more on this. Bank of America Corporation (BAC), currently valued at $175.41B, started trading this morning at $17.02. [...]

12/31/14Market Update: Bank of America Corporation (NYSE:BAC) – Ambac sues Bank of America over Country... (Jutia Group)

[Reuters] - Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the ... Read more on this. Bank of America Corporation (BAC), currently valued at $188.77B, opened this morning [...]

12/2/14Market Update (NYSE:BAC): Bank of America to Participate in the Goldman Sachs U.S. Financial Serv... (Jutia Group)

[Business Wire] - Bank of America Chief Executive Officer Brian Moynihan will present at the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 9, at 8:40 a.m. Eastern Read more on this. Bank of America Corporation (BAC), valued at $179.25B, opened this morning at $16.87.   [...]

11/19/14Market Update (NYSE:BAC): Tory Burch Foundation and Bank of America Expand Elizabeth Street Capit... (Jutia Group)

[Business Wire] - In recognition of global Women’s Entrepreneurship Day, the Tory Burch Foundation and Bank of America today announced the expansion of Elizabeth Street Capital to Los Angeles and throughout Texas, Illinois and Missouri. Read more on this. Bank of America Corporation (BAC), with a current market cap of $179.11B, opened this [...]

11/18/14Stock Update (NYSE:BAC): BofA Merrill Lynch Fund Manager Survey Finds Risk Appetite Lifts as Grow... (Jutia Group)

[Business Wire] - Global investors have a restored appetite for risk amid greater optimism over the outlook for profits and the economy, according to the BofA Merrill Lynch Fund Manager Survey for N Read more on this. Bank of America Corporation (BAC), with a current market cap of $180.25B, began trading this morning [...]

11/17/14Market Update (NYSE:BAC): U.S. top court to hear Bank of America cases on second mortgages (Jutia Group)

[Reuters] - Supreme Court agreed on Monday to hear two cases brought by Bank of America Corp questioning whether a second mortgage on an "underwater" house - one with a mortgage balance exceeding its current value - can be voided during bankruptcy. The homeowners in the two cases, David Caulkett and Edelmiro Toledo-Cardona, both [...]

11/12/14Market Update (NYSE:BAC): Bank of America won’t loosen mortgage credit for riskier borrowers (Jutia Group)

[Reuters] - Government efforts to loosen access to mortgage credit are unlikely to goad Bank of America Corp to make more home loans to less creditworthy borrowers, the bank's chief executive said on Wednesday. "I don't think there's a big incentive for us to start to try to create more mortgage availability where the [...]

11/10/14Stock Update (NYSE:BAC): MOVES-Former Bank of America healthcare banker joins Credit Suisse (Jutia Group)

[Reuters] - A former Bank of America banker who advises clients in the healthcare sector has joined Credit Suisse, according to an internal memo. Sumit Khedekar, who previously worked at the Swiss bank for ten years earlier in his career, will rejoin in January 2015. A Credit Suisse spokesman on Monday confirmed the contents [...]

11/7/14Stock Update (NYSE:USB): BofA, US Bancorp settle lawsuit over roles as WaMu trustees (Jutia Group)

[Reuters] - Bank of America Corp and US Bancorp have reached a $69 million settlement of litigation over their roles as trustees for securities backed by home loans from Washington Mutual Inc, which failed in 2008. It resolves claims by the pension funds that filed suit that the banks failed to protect investors from [...]

11/7/14Stock Update (NYSE:BAC): BofA, US Bancorp settle lawsuit over roles as WaMu trustees (Jutia Group)

[Reuters] - Bank of America Corp and US Bancorp have reached a $69 million settlement of litigation over their roles as trustees for securities backed by home loans from Washington Mutual Inc, which failed in 2008. It resolves claims by the pension funds that filed suit that the banks failed to protect investors from [...]

11/6/14Market Update (NYSE:BAC): Bank of America Adjusts Third-quarter 2014 Financial Results (Jutia Group)

[Business Wire] - Bank of America Corporation today announced an adjustment to its financial results for the third quarter ended September 30, 2014 to include additional litigation expense related t Read more on this. Bank of America Corporation (BAC), with a current market cap of $182.56B, started the session at $17.34.   [...]

11/5/14Company Update (NYSE:BAC): Bank of America CEO Brian Moynihan to Open Bank of America Merrill Lyn... (Jutia Group)

[Business Wire] - Bank of America Chief Executive Officer Brian Moynihan will welcome attendees to the Bank of America Merrill Lynch Banking and Financial Services Conference on Wednesday, November 12 at 8 a.m. Read more on this. Bank of America Corporation (BAC), valued at $181.92B, started trading this morning at $17.32.   [...]

11/3/14Stock Update (NYSE:BAC): BofA Merrill Lynch Global Research Launches Green Bond Index (Jutia Group)

[Business Wire] - BofA Merrill Lynch Global Research announced the October 30 launch of the BofA Merrill Lynch Green Bond Index . The index is designed to track the performance of debt issued by quasi-governments and corporations where the proceeds of the issue are to be used solely for projects and activities that promote [...]

10/23/14Company Update (NYSE:BAC): Bank of America Merrill Lynch Report Finds Millennials Prioritizing Re... (Jutia Group)

[Business Wire] - Saving for retirement and health care expenses was a priority for employees of all ages during the first half of 2014, according to the latest Bank of America Merrill Lynch 401 Wellness Scorecard. Read more on this. Bank of America Corporation (BAC), with a current value of $175.41B, started trading [...]

10/20/14Market Update (NYSE:BAC): Bank of America Makes Apple Pay Available to Customers and Merchants (Jutia Group)

[Business Wire] - Bank of America today began offering its customers and merchants access to Apple Pay, a new mobile payments service that provides an easy and secure way to pay. Read more on this. Bank of America Corporation (BAC), with a current market cap of $170.75B, opened this morning at $16.20. [...]

9/23/14Stock Update: Bank of America Corporation (NYSE:BAC) – Bank of America Announces $10 Billion Ca... (Jutia Group)

[Business Wire] - Bank of America today announced a Catalytic Finance Initiative, designed to stimulate at least $10 billion of new investment into high-impact clean energy projects. The initiative Read more on this. Bank of America Corporation (BAC), valued at $179.30B, began trading this morning at $17.05.   A quick [...]

9/22/14Company Update (NYSE:BAC): Habitat for Humanity International and Bank of America Launch Global B... (Jutia Group)

[Business Wire] - In partnership with Habitat for Humanity, Bank of America today launched their first global multi-city build in 36 communities around the world. The builds focus on helping low-income families create opportunities to experience the stability and security that homeownership brings. Read more on this. Bank of America Corporation (BAC), with [...]

9/17/14Market Update: Bank of America Corporation (NYSE:BAC) – [video] Citi, Bank of America Offer Dis... (Jutia Group)

[at MarketWatch] - Citigroup and Bank of America will offer mortgages at discounted interest rates to help borrowers with low incomes or subprime credit. AnnaMaria Andriotis joins MoneyBeat. Photo: Getty. Read more on this. Bank of America Corporation (BAC), with a current value of $175.93B, started the session at $16.71.   [...]

9/16/14Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Declares Quarterly Divi... (Jutia Group)

[Business Wire] - Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. Read more on this. Bank of America Corporation (BAC), currently valued at $175.93B, started trading this morning at $16.67. [...]

9/15/14Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Provides Mid-Cycle Stre... (Jutia Group)

[Business Wire] - Bank of America today published the results of the 2014 Dodd-Frank Act Mid-Cycle Stress Test on the company’s Investor Relations website at http://investor.bankofamerica.com. Read more on this. Bank of America Corporation (BAC), valued at $176.04B, opened at $16.79.   Looking at the equity, the company's one day [...]

9/12/14Stock Update: Bank of America Corporation (NYSE:BAC) – BofA Said to Profit From Alibaba Even Af... (Jutia Group)

[at Bloomberg] - Bank of America Corp., one of the few large banks that isn’t working on Alibaba Group Holding Ltd.’s initial public offering, has found another way to make a buck on the deal. The Charlotte, North Carolina-based bank is giving investors a chance to bet on Alibaba’s performance by offering them a [...]

9/9/14Market Update (NYSE:BAC): Bank of America to Participate in the RBC Capital Markets Financial Ins... (Jutia Group)

[Business Wire] - Bank of America Consumer and Business Banking Executives Dean Athanasia and Thong Nguyen will participate in the RBC Capital Markets 2014 Financial Institutions Conference on September 16 at 7:30 a.m. Read more on this. Bank of America Corporation (BAC), with a current value of $169.73B, began trading this morning at [...]


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