Boa

Bank of America profit falls under the weight of low rates

Dan Freed and Sruthi Shankar, Reuters
July 18, 2016
Bank of America Corp. reported a 19% drop in second-quarter profit today as growth in businesses from lending to trading failed to offset the impact of persistently low interest rates.

BofA says quarterly profit quadruples as mortgage costs ebb

Hugh Son, Bloomberg
January 15, 2014
Bank of America Corp., the second-biggest U.S. lender, posted quarterly profit that more than quadrupled and beat Wall Street estimates as the company quelled claims tied to defective mortgages. The stock rose 3.6% to its highest level in more than three years.

Bank of America looks at selling part of Merrill Lynch

Canaccord Genuity Morning Coffee
June 20, 2012
Julius Baer is in discussions with Bank of America about purchasing Merrill Lynch’s non-U.S. wealth management division, as the Swiss private bank looks improve margins through scale.

Bank of America beats analyst estimates as trading rebounds

Hugh Son, Bloomberg
April 19, 2012
Bank of America Corp., the second- largest U.S. lender, said first-quarter profit rose amid a rebound in trading and better credit quality. The shares jumped in early trading.

Investors relieved after Bernanke: Bank bonds weaken

Andrew Wilkinson
August 25, 2011
Daily corporate bonds brief

Buffett backstops Bank of America with $5 billion

News Story
August 24, 2011
Warren Buffett's Berkshire Hathaway will backstop Bank of America with a $5 billion investment