Bank of America Corporation (BAC) stock prices updated...

Bank of America Corporation stock price, BAC

Bank of America Corporation stock chart:

Bank of America Corporation close price: 24

Stock price forecast:

UP TO +6.25%
Target: 25.50

Total forecasts: 82
Reached: 49 (59.76%)

Total Win: 19.59 (80.58%)

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Bank of America Corporation latest news:

  • 05/22/2017 05:41:13

    MOVES-Gatehouse Bank appoints Charles Haresnape as CEO

    London-based Gatehouse Bank Plc, a unit of Gatehouse Financial Group, said it hired Charles Haresnape as chief executive, effective May 8. He replaced Fahed Faisal Boodai, co-founder of Gatehouse Financial Group, who returned to his role as chairman of the group.

  • 05/20/2017 11:18:42

    Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital

    RIYADH (Reuters) - The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics.

  • 05/19/2017 14:48:03

    Fed's Williams doesn't want bank regulation 'to go back all the way' to pre-crisis rules

    Congress should not reverse all of the bank regulations put in place in the wake of the financial crisis, said San Francisco Fed President John Williams on Friday. In a talk with students at El Camino High School in San Francisco, Williams said the banking sector is now more resilient as a result of lessons learned from the financial crisis. "Without credit, a modern economy doesn't work," Williams said. He said he had a "fantasy" that he wouldn't tell Congress exactly what to do on bank regulation if they don't tell him what to do about monetary policy. Congress should consider policy changes to make sure the Social Security system can last for the next half century. Every year of delay makes the problems more difficult to fix, he said. Shoring up the system would give workers greater confidence, he said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 05/19/2017 14:32:53

    FBR & Co.'s board OKs special $7.61 dividend

    Investment bank FBR & Co. said late Friday its board of directors has declared a special cash dividend of $7.61 per common share. That special dividend is in connection with FBR's merger with B. Riley Financial Inc. , announced in February, and it is contingent upon the closing of the merger. The dividend is payable June 1 to shareholders of record May 30. Shares of FBR were flat in after-hours trading after ending the regular session down 0.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 05/19/2017 14:23:00

    Bank of America Wants to Make It Easier for You to Get a Mortgage

    The bank's CEO wants to see the standard down payment requirement decreased by half.

  • 05/19/2017 13:08:20

    Puerto Rico retirees will get bankruptcy committee: U.S. Trustee

    NEW YORK (Reuters) - The U.S. Department of Justice's bankruptcy watchdog said on Friday it plans to appoint a committee of retirees in Puerto Rico's bankruptcy to negotiate for pensioners facing...

  • 05/19/2017 10:48:26

    Originations, Auto Debt Grow in 1Q NY Fed Finds

    Although auto lenders are tightening credit underwriting standards, originations and auto debt continued to grow this quarter, the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit showed this week. The Reserve Bank of New York reported $132 billion in auto loan originations for the first quarter,Read More

  • 05/19/2017 08:22:30

    Protecting Against Subprime Lending Concerns [SPONSORED]

    A few weeks ago, the Federal Reserve Bank of New York reported record-high auto debt in the fourth quarter of 2016, totaling a whopping $1.16 trillion, up about 9% from 2015. The news sent alarm bells ringing, stirring up talk about the possibility of a bubble. Lenders and dealers alikeRead More

  • 05/18/2017 16:17:08

    BofA opens debate on lowering mortgage down payments

    May 18 (Reuters) - The head of Bank of America Corp, the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20 percent.

  • 05/18/2017 14:49:10

    Halozyme shares fall after secondary share offering annoucned

    Halozyme Therapeutics Inc. shares fell in the extended session Thursday after the cancer-drug biotech company said it was launching a secondary offering of its stock. Halozyme shares fell 8.9% to $12.90 after hours. The company said it plans to offer $100 million in shares, or about 7.1 million shares based on Thursday's closing price. Underwriters Wells Fargo Securities and Deutsche Bank Securities will get the option for another $15 million in shares to cover overallotments. Halozyme said it will use proceeds to fund cancer-drug development and general corporate purposes. Halozyme has 129.8 million shares outstanding and in 2016 reported a loss of 81 cents a share on revenue of $146.7 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 05/18/2017 11:45:02

    UPDATE 1-Danone eyes 2020 operating margin of above 16 pct

    PARIS, May 18 (Reuters) - French food group Danone said it banked on synergies from its acquisition of U.S. organic food producer WhiteWave and on a one billion euro cost-cutting plan to lift its recurring operating margin above 16 percent of sales in 2020.

  • 05/18/2017 11:16:08

    Danone eyes 2020 operating margin of above 16 pct - investor seminar

    PARIS, May 18 (Reuters) - French food group Danone said it banked on synergies from its acquisition of U.S. organic food producer WhiteWave and on a one billion euro cost-cutting plan to lift its recurring operating margin above 16 percent of sales in 2020.

  • 05/18/2017 09:12:38

    Mnuchin says he expects Fannie, Freddie to continue to pay dividends

    WASHINGTON (MarketWatch) -- Treasury Secretary Steven Mnuchin said Thursday he expects Fannie Mae and Freddie Mac to continue to pay its dividends to the government, despite the financial conditions of the firms. The Treasury Secretary told a Senate Banking Committee hearing that he has had several discussions about Fannie and Freddie Mac with Mel Watt, director of the Federal Housing Finance Agency, which has oversight over the enterprises. "I did tell him that it was our expectation at Treasury that they would pay us the dividend and we hope they continue to do so per the agreement," Mnuchin said. Watt had told Congress last week that he has the right to suspend the quarterly dividend payment if he believes that payout would jeopardize the safety and smooth functioning of the enterprises.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 05/18/2017 09:12:00

    UBI net profit at Rs 73.6 cr in March quarter

    Kolkata-based United Bank of India (UBI) posted a net profit of Rs 73.6 crore for the quarter ended March 31, the final one of 2016-17, as against a loss of Rs. 413 crore in the same quarter of 2015-16.Total income in the quarter for the government-owned entity dipped 2.9 per cent to Rs 2,673 crore from a year before. Net non-performing assets increased by 7.9 per cent to Rs 6,592 crore, from Rs 6,111 crore in the same quarter of 2015-16.Its Casa (current and savings account) share increased to 47.3 per cent, against 41.9 per cent earlier. Provision Coverage Ratio stood at 56.45 per cent, from 53.36 per cent a year before. The return on average assets remained flat at 0.21 per cent.In a filing with the BSE exchange, the bank said its board of directors has approved the raising of equity capital not exceeding Rs 1,000 crore, in one or more tranches, during any financial year by a Qualified lnstitutional Placement (QIP), a public issue, rights issue or any other. The bank has already ...

  • 05/17/2017 14:09:30

    U.S. stocks post largest one-day drop in eight months

    The S&P 500 and Dow industrials on Wednesday posted their largest one-day decline since September as fears over the fallout from turmoil in Washington prompted investors to unload risky assets such as equities. Investors grew increasingly concerned that political turmoil in Washington would delay or prevent President Donald Trump's tax reforms and other fiscal stimulus measures. The selloff on Wall Street was broad-based, with investors fleeing to government bonds and defensive equities such as utilities and real estate. The Dow Jones Industrial Average shed 372.82 points, or 1.8%, to 20,606.93. The S&P 500 slumped 43.64 points, or 1.8%, to 2,357.03. The Nasdaq Composite Index lost 158.63 points, or 2.6%, to 6,011.24, its largest one-day decline since last June. The CBOE Volatility Index surged 40%, biggest one-day increase since last September. Financials were among the worst hit, with the sector down 3%, while nine of the 11 main sectors were down more than 1%. Goldman Sachs Group Inc. lost 5.5% while Bank of America sank 6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 05/17/2017 13:20:33

    Rate-hike expectations recede as the stock market unravels

    Wall Street expectations for an increase in benchmarks interest rates next month by the Federal Reserve fell on Wednesday, as U.S. stocks suffered the worst daily drop in months on concerns President Donald Trump's pro-growth legislative agenda was in jeopardy. Federal-funds futures were indicating that the market was pricing in a 64.6% probability of a rate hike at the Fed's two-day meeting starting June 13-14. That is down from expectations as high as about 90% just last week and 74% on Tuesday, according to the CME Group's data. The current levels still imply a strong likelihood of a rate increase as the Janet Yellen's Fed aims to normalize monetary policy, but significantly lower. The downshift for the rate-hike outlook comes as so-called risk assets, notably stocks, are tumbling sharply, along with yields for government bonds. Reports alleging that Trump tried to influence an FBI probe into members of his presidential campaign and Russia by requesting that then-director of the Federal Bureau of Investigation, James Comey, end an investigation into former National Security Adviser Michael Flynn has intensified doubts that the president will be able to implement a host of market-friendly policies that had been at the heart of the runup in risk assets in recent months. The Dow Jones Industrial Average was off 1.5% at 20,661, putting it on pace to log its worst one-day drop in eight months. The S&P 500 index and the Nasdaq Composite Index also were on track for their sharpest declines since September. Financial stocks have been at the center of Wednesday's storm with shares of Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. cutting more than 100 points from Dow, combined. Lower interest rates can undercut a bank's lending model. The yield on government bonds have been near their lowest levels in three weeks, with the 10-year Treasury note [BX:TMUBMUSD10Y] yielding 2.22%. Yields, which move inversely to prices, tend to fall in times of uncertainty and as expectations for rate hikes decline. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 05/17/2017 08:01:07

    Financials tumble in biggest one-day drop in April as political uncertainty weighs

    Shares of financial companies dropped on Wednesday, leading the overall market's decline as political turmoil intensified, weighing on investor sentiment. The Financial Select Sector SPDR ETF fell 1.8% in its biggest one-day drop since late March. It was by far the biggest decliner among the largest sector-tracking exchange-traded funds. Among the most actively traded stocks in the sector, Goldman Sachs Group Inc. sank 2.1% while Bank of America Corp. lost 3.3%. Citigroup Inc. fell 1.8% while J.P. Morgan Chase & Co. shed 2.1%. Among other financial ETFs, the SPDR S&P Bank ETF lost 2.3% while the regional equivalent fell 2.5%. The sector has been one of the biggest beneficiaries to the so-called "Trump rally," climbing on hopes that President Donald Trump would deregulate the industry and push through other initiatives that were seen as supportive to the sector's profits. Getting such legislation may be less likely in the current environment, as Trump faces controversy for his recent firing of the then-director of the Federal Bureau of Investigation, who had been investigating Trump's former-national security adviser.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 05/16/2017 17:52:50

    Seven banks focus of Mexico bond collusion probe -report

    MEXICO CITY, May 16 (Reuters) - Seven banks are at the center of a probe by Mexico's antitrust regulator COFECE looking into possible collusion to manipulate bond prices, U.S. news agency Bloomberg reported on Tuesday, citing a person with knowledge of the matter.

  • 05/16/2017 10:26:07

    British government is due to sell down its final stake in Lloyds - sources

    LONDON, May 16 (Reuters) - The British government is due to announce the sale of its remaining stake in Lloyds Banking Group on Wednesday, the first lender to fully repay its state bailout in a landmark moment for the recovery of Britain's banking sector.

  • 05/16/2017 09:55:08

    MOVES-Bank of America Merrill Lynch hires lead for retirement business

    May 16 (Reuters) - Bank of America Merrill Lynch said it hired Lisa Margeson to lead its newly formed retirement client experience and communications group.

  • 05/12/2017 13:20:43

    Merrill Lynch to freeze costly recruiting bonuses for brokers

    NEW YORK (Reuters) - Bank of America Corp's Merrill Lynch will stop paying the big upfront bonuses that Wall Street brokerages have long used to lure talent, ending a costly practice that did not...

  • 05/12/2017 10:30:13

    Fed's Harker backs two more rate hikes this year, saying 'things are looking good'

    WASHINGTON (MarketWatch) - The U.S. central bank can keep raising interest rates with the labor market at full health and inflation on track to stabilize at 2%, said Philadelphia Fed President Patrick Harker on Friday. "Overall, things are looking good," Harker said in a speech to the Urban Economic Policy Conference at Drexel University. "We're essentially at normal now, and based on the strength of the economy, I continue to see two more rate hikes as appropriate this year," he said. Harker, who is a voting member of the Fed policy committee this year, said he expected the economy to rebound from the weak 0.7% growth rate in the first quarter and said growth for the full year would be at about a 2.3% rate. That's only a 0.1 percentage point downward revision to his previous estimate.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 05/12/2017 10:26:31

    UPDATE 3-JBS shares drop as Brazil police probe loans to meatpacker

    BRASILIA, May 12 (Reuters) - Brazil federal police are investigating suspected fraud in loans by state development bank BNDES to JBS SA, a police source said on Friday, sending shares of the world's largest meat processor lower after a series of scandals.

  • 05/12/2017 10:12:00

    YES Bank under-reported FY16 NPA, finds RBI

    RBI had asked banks to conduct an asset quality review in Q3 and Q4 of FY16

  • 05/12/2017 09:01:19

    Fed's Evans sees upside risks from Trump fiscal policy

    DUBLIN (Reuters) - The chief of the Federal Reserve Bank of Chicago said Friday that risks to the U.S. economic outlook from fiscal policy are positive as long as it is not overly stimulative, and said he believes that global risks to U.S. growth have receded.

  • 05/12/2017 08:42:23

    Bank of America to Talk “Game-Changing” Mobile App at Auto Finance Innovation

    Bank of America is aiming to offer a “game-changing mobile experience” with its new online, direct lending platform, Duane Freeman, the bank’s national sales executive, told AFN. “It connects our customers who have expressed a clear interest in purchasing a car with our high-quality dealer network efficiently and effectively,” FreemanRead More

  • 05/12/2017 08:17:03

    GE's stock lead Dow losers after analyst downgrade to rare 'sell' rating

    General Electric Co.'s stock dropped 2.3% in morning trade, and was the biggest decliner within the Dow Jones Industrial Average , after Deutsche Bank turned bearish on the industrial conglomerate, citing concerns over earnings quality. Analyst John Inch downgraded GE to a rare sell rating, after being at hold since October 2015. Only 2% of the companies covered by Deutsche Bank analysts have sell ratings. Inch slashed his stock price target to $24, which is 15% below current levels, from $28. "Overall, we believe GE to be overvalued given weak earnings quality and the wide gap between non-cash and cash earnings," Inch wrote in a note to clients. "Earnings quality pressures include the exclusion of non-operating pension accounting coupled with a high level of underfunded pension obligations, ultra low tax rates that could pose a future earnings headwind, LTSA non-cash earnings contribution and pro forma quarterly matching of gains against a plethora of charges." The stock has shed 11% year to date, while the Dow has gained 5.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 05/12/2017 08:14:04

    Sprint and T-Mobile in preliminary talks to merge: report

    Sprint Corp. has initiated preliminary talks with T-Mobile US Inc. for a potential merger, according to a Bloomberg report citing sources. According to the report, executives at Sprint and its parent company, Japan-based SoftBank Group Corp., had "informal contact" with T-Mobile owner Deutsche Telekom AG about a deal. The wireless industry has become increasingly competitive and crowded, requiring companies to look for acquisition and/or partnership opportunities. Deal talks in the industry had been on hold until April 27 due to the government's spectrum auction. But SoftBank Chairman Masayoshi Son and Deutsche Telekom Chief Executive Tim Hoettges earlier this week separately told investors to expect talk of industry consolidation, and T-Mobile said it expected to be involved. Shares of Sprint and T-Mobile were up less than 1% on Friday. Sprint shares have declined nearly 6% in the year to date, but are up more than 127% in the prior 12-month period, while shares of T-Mobile are up nearly 15% in the year and 62% in the last 12 months. By comparison, the S&P 500 index is up close to 7% in the year and 16% over the the 12-month period. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 05/11/2017 14:49:02

    COLUMN-The asymmetric risks of betting on a 'smooth' Brexit: James Saft

    May 11 (Reuters) - The Bank of England basing its forecasts and policy on a 'smooth' Brexit ignores its, and Britain’s, asymmetric risks to the downside.

  • 05/11/2017 10:39:43

    New Etihad boss to rethink strategy after Alitalia dream fails

    The naming of a new boss at Etihad Airways presents the Gulf carrier with an opportunity to rethink its aggressive expansion strategy after the failure of minority-owned Alitalia underlined the big barriers to global growth. Ray Gammell was appointed interim CEO this week, days after Alitalia sought bankruptcy protection with $3.3 billion of debt.

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