I'm sure it's been done before but I've never heard of a company taking the reins on its share price and boosting shareholder value without spending any money; a simple press release created ~$21 billion in wealth.
Free technical research on BAC, FB, GE and CSCO can be downloaded upon signing up at: http://www.investor-edge.com/1416-register Shares in Bank of America Corp. fluctuated between $15.93 and $16.25 before ending the day 0.12% higher at $16.15.
The latest earnings report from Bank of America is the new definition of the word "noisy." That's how one leading analyst described the numbers, which seemed open to wide interpretation because of billions of dollars in litigation charges.
With Bank of America's (BAC) push to decrease its reliance on debt and preferred equity financing, I thought it would be instructive to understand BAC's historical mix of each kind of financing and where it stands today.
(Reuters) - Bank of America Corp (BAC.N) said on Wednesday that it will close three foreign offices and eliminate about 3,000 jobs over the next nine to 12 months in an effort to simplify its global operations.
Bank of America Corp (NYSE:BAC) ranks at second position in terms of lending by assets in the U.S. Its U.S. Trust unit, acquired in 2006, aims at helping its clients with wealth-management, investment, credit and banking services.