Ambac Assurance Reaches $1.84 Bln Settlement On All Its Claims Against Bank Of America

Bank Of America Q1 Results Tops Estimates

Bank of America Corp. (BAC) reported Tuesday that net income applicable to common shareholders for the first quarter declined to $6.14 billion or $0.76 per share from $7.66 billion or $0.94 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $0.83 per share.

RTTNews | 59 dias atrás

Bank Of America Q4 Profit Plunges, But Tops Estimates

Bank of America Corp. (BAC) reported Friday that net income applicable to common shareholders for the fourth quarter plunged to $2.84 billion or $0.35 per share from $6.90 billion or $0.85 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $0.70 per share.

RTTNews | 154 dias atrás

Bank Of America Q2 Profit Increases, Tops Estimates

Bank of America Corp. (BAC) reported Monday that net income applicable to common shareholders for the second quarter grew to $7.10 billion from last year's $5.93 billion, with earnings per share increasing to $0.88 from $0.73 in the prior year.

RTTNews | 332 dias atrás

First Republic Bank Secures $30 Bln Rescue Fund From Major US Banks

First Republic Bank, the latest casualty in the ongoing banking turmoil, said it has secured around $30 billion funding from America's 11 largest banks as a lifeline, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Following the news, the bank's stock, which has been sinking since last week, gained around 10% on Thursday from the previous day's close.

RTTNews | 455 dias atrás

Bank Of America Q3 Profit Down 8%, But Results Top Estimates

Bank of America Corp. (BAC) reported Monday that net profit for the third quarter decreased 8 percent from last year, hurt by provision for credit losses as well as lower fees and service charges. However, both earnings and revenues for the quarter topped analysts' estimates.

RTTNews | 606 dias atrás

Bank Of America Q2 Profit Declines, Miss Estimates

Bank of America Corp. (BAC) reported Monday that net income applicable to common shareholders for the second quarter declined to $5.93 billion from last year's $8.96 billion, with earnings per share decreasing to $0.73 from $1.03 in the prior year.

RTTNews | 697 dias atrás

U.S. Import Price Unexpectedly Decrease 0.4% In May

A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May. The Labor Department said import prices fell by 0.4 percent in May following a 0.9 percent advance in April. Economists had expected import prices to inch up by 0.1 percent.

RTTNews | 4h 3min atrás

TriplePoint Venture Growth BDC CFO Christopher Mathieu Plans To Retire

TriplePoint Venture Growth BDC Corp. (TPVG) announced Friday that Christopher Mathieu plans to retire as the Chief Financial Officer, effective as of the close of business on August 9, 2024. He will continue to serve as an advisor through December 31, 2024 to provide a smooth transition.

RTTNews | 4h 40min atrás

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