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Bank of America

http://api.freebase.com/api/trans/image_thumb/en/bank_of_americaBank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P; 500 Index and the Dow Jones Industrial Average. As of 2010, Bank of America is the 5th largest company in the United States by total revenue, as well as the second largest non-oil company in the U.S. (after Walmart). In 2010, Forbes listed Bank of America as the 3rd biggest company in the world. The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth management corporation and a major player in...

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Latest Bank of America Financial News

With firms like Goldman Sachs and Morgan Stanley reporting weak results, Wall Street’s moneymakers are doubting they will ever get back to their high-rolling ways.

Even as Bank of America reported a $2 billion profit in the fourth quarter, what was once the country’s largest bank has shed tens of billions of dollars from its balance sheet and has laid off nearly 7,000 employees.

Morgan Stanley pays staff £10bn :: Thu 19th Jan 2012

Bank uses 51% of its revenues to reward staff despite making a loss in fourth quarter

Bank of America Corporation and its wholly-owned subsidiary Merrill Lynch & Co., Inc. (the “Offerors”) today announced the commencement of an offer to purchase (the “Offer”) certain subordinated notes listed in the table below (collectively, the “Notes”) for aggregate cash consideration of up to US$1.5 billion or its equivalent in the currencies in which certain of the Notes are denominated (the “Maximum Tender Consideration”). [...]

One bright spot in the quarterly results was Bank of America's balance sheet, which its chief executive, Brian T. Moynihan, has been trying to strengthen since he took over in December 2009.

CHICAGO, Jan. 18, 2012 /PRNewswire/ -- Seven Summits Research issues critical PriceWatch Alerts for BAC, AET, NVLS, BRCD, and MCO.To see what our analysts have discovered about these stocks read the Seven Summits Strategic Investments' PriceWatch Alerts at http://www.iotogo.com/s/011812A (Note: You may have to copy this link into your browser then press the [ENTER] key.)Today's PriceWatch Alerts cover the following stocks: Bank of America (NYSE: BAC), Aetna (NYSE: AET), Novellus Systems (Nasdaq: NVLS),[...]

Global investors have started 2012 with a reawakened sense of optimism towards the global economy and greater appetite for risk, according to the BofA Merrill Lynch Survey of Fund Managers for January. The global survey of 214 institutional investors shows far fewer predicting a global slowdown. Only a net 3 percent believe the world economy will weaken in the coming 12 months down from a net 27 percent in December – the biggest one-month improvement in[...]

Bank of America today announced new enhancements to the Merrill Edge® self-directed investing platform, including a simplified pricing structure for self-directed clients, a new streaming trading platform called Merrill Edge Market Pro™, and additional online investment choices on merrilledge.com. “The expansion of the Merrill Edge

JPMorgan Chase kicked off bank earnings season on Friday with news that its quarterly profit dropped 23 percent last year, expected results that weighed on the full-year profits.

JPMorgan Chase kicked off bank earnings season on Friday with news that its profit rose 9 percent last year to $19 billion, a report diminished modestly by the recent turmoil on Wall Street.

Wealthy investors are exploring long-term strategies to reposition investment portfolios in anticipation of global rebalancing, according to the U.S. Trust 2012 Investment Strategy Overview published today. In the near term, U.S. Trust advises high net worth investors to invest tactically yet defensively, capitalizing on market stability to lower

The Lehman Brothers estate is in its fourth year of administration in Federal Bankruptcy Court in Manhattan, and like other Wall Street failures, it's not going away anytime soon.

JAKARTA, Indonesia and SINGAPORE, Jan. 9, 2011 /PRNewswire-Asia/ -- KEY ANNOUNCEMENTS:Co-Founder C. Christopher Holm Named CEO and Head of YawadwipaPrasetyo Singgih Appointed Chief Operating Officer and General CounselUS$1 Billion Java Fund Seeking Regulatory ApprovalCore Advisory ServicesAlliance DiscussionsA collection of well-established Indonesian partners and two key executives formally announced today the launch and initial funding of the Yawadwipa Companie

Investors are about to find out just how bad last year was for the country's biggest financial institutions.

Pursuant to the notice given on November 22, 2011 by Merrill Lynch, in its capacity as the Initial Depositor of HOLDRS (Holding Company Depositary Receipts), to The Bank of New York Mellon, the HOLDRS Trustee, the 11 HOLDRS Trusts will be terminated as of 5 p.m. eastern standard time on December 23, 2011 (the “Termination Date”). The Trustee disseminated the notice of termination to Cede & Co., the sole owner of the receipts issued by the 11 HOLDRS[...]

Holiday parties are declining on Wall Street.

Investors should expect another turbulent year of market volatility during 2012 from a mix of heightened policy risk, political uncertainty, low growth and low interest rates, all of which will translate into modest investment returns, according to BofA Merrill Lynch Global Research’s 2012 Year Ahead Outlook, released today. Against a backdrop of a looming recession in Europe, a still-struggling U.S. economy, high oil prices and slower growth in China,[...]

Global investors are looking to U.S. equities as they prepare themselves for a year of low growth and low inflation in 2012, according to the BofA Merrill Lynch Survey of Fund Managers for December. The survey of 190 institutional investors indicates a growing majority, almost two-thirds of the panel, predict 2012 will be a year of below-trend growth and below-trend inflation. It is the highest such reading since October 2010 and up from 52 percent in[...]

Bank of America today announced it is hiring more than 160 Merrill Edge Financial Solutions Advisors (FSAs) across Southern California and Arizona by the end of first quarter 2012. This includes hires in Los Angeles, San Diego, Orange County and Phoenix, and will bring the total number of FSAs in banking centers to more than 250 in that region. In addition, 110 FSAs are also located in the Merrill Edge Advisory Center in Chandler, Arizona. The hires[...]

Financial executives at U.S. companies remain concerned about the current economy and are less confident about economic growth in 2012, according to the latest Bank of America Merrill Lynch CFO Outlook survey. Of the 600 executives at U.S. companies who were surveyed in the annual report, only 38 percent said they expect the U.S. economy to expand in 2012, down from 56 percent in last year’s survey and 66 percent the previous year. Regarding the current[...]

In nearly 90 percent of high net worth households, women are either the sole decision maker or an equal partner in decisions about charitable giving, according to the Bank of America Merrill Lynch 2011 Study of High Net Worth Women’s Philanthropy, released today. The power and influence of women in philanthropy may mean that some charitable organizations will need to adapt their messaging and strategies to appeal to women’s distinct charitable giving[...]

Bank of America Corporation today announced it will report its fourth-quarter 2011 financial results on Thursday, January 19, 2012. The results are scheduled to be released at 7 a.m. ET, followed by an investor presentation at 8:30 a.m. ET. The live webcast, accompanying presentation and other earnings-related information will be available through the Bank of America Investor Relations website at

Bank of America Merrill Lynch today announced the 2012 composition and weights for the Merrill Lynch Commodity index eXtraSM (MLCX). The MLCX is designed to provide a liquid, consistent, representative and cost-efficient benchmark for commodity market performance and for investment in commodities as an asset class. The MLCX contains the following six market sectors identified by BofA Merrill Lynch Global Commodity Research: Energy, Base Metals, Precious Metals,[...]

      CHICAGO, Dec. 5, 2011 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include HSBC Holdings Plc (NYSE: HBC), UBS AG (NYSE: UBS), Bank of America (NYSE:

Merrill Lynch & Co., Inc., a wholly-owned subsidiary of Bank of America Corporation, today announced that it has notified NASDAQ Stock Market LLC of its intent to delist its S&P 500® Market Index Target-Term Securities® due August 31, 2011. The securities were paid in full at maturity and will not be listed on another national securities exchange or quoted in any other quotation medium. Merrill Lynch intends to file with the United States[...]

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