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 | 34 days ago

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 | 129 days ago

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 | 307 days ago

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 | 430 days ago

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 | 581 days ago

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 | 672 days ago

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Tuesday, following the mixed cues from Wall Street overnight, amid lingering uncertainty about the outlook for interest rates, with some US Fed officials warning the central bank may still need to raise rates if inflation persists. Traders also seemed reluctant to make more significant bets ahead of the release of the minutes of the latest Fed meeting.

RTTNews | 4h 27min ago

Japanese Market Slightly Higher

Adding the gains in the previous session, the Japanese stock market is slightly higher on Tuesday, with the Nikkei 225 moving above the 39,100 level, following the mixed cues from Wall Street overnight, with gains in some Index heavyweights and technology stocks.

RTTNews | 5h 22min ago

EURUSD	1.0853	GBPUSD	1.27044	AUDUSD	0.66531
USDJPY	156.468	USDCAD	1.36402	USDCHF	0.91106