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Financials Brian Moynihan

  • Wall Street banks have been energized by increased market activity prompted by the so-called "Trump trade" with the sector rallying since the election on hopes of simpler regulations and tax cuts under President Donald Trump's administration. "This quarter shows the value of our businesses as rates begin to rise and as we experience increased capital...

  • April 18- Bank of America Corp reported a higher-than-expected jump in quarterly profit as trading surged and the lender earned more from underwriting debt and equity offerings and advising on deals. Wall Street banks have been vitalized by increased market activity prompted by the so-called "Trump trade". The U.S. economy continues to show consumer and...

  • BAC's big beat over GS

    CNBC's Wilfred Frost compares Bank of America and Goldman Sachs' quarterly numbers.

  • Wall Street banks have been vitalized by increased market activity prompted by the so-called "Trump trade". The second-largest U.S. bank's total revenue rose about 7 percent to $22.45 billion in the three months ended March 31, handily beating the average analyst estimate of $21.61 billion. BofA's shares, which have risen about 34 percent since the...

  • The second-largest U.S. bank said net income attributable to shareholders rose to $4.35 billion in the three months ended March 31 from $3.02 billion a year earlier. Earnings per share rose to 41 cents per share from 28 per share. The Charlotte, North Carolina- based bank's shares were up about 1 percent at $23.05 in premarket trading.

  • NEW YORK— Bank of America's first quarter profits grew nearly 40 percent, the bank said Tuesday, helped by higher interest rates as well as a strong performance in its investment banking division. On a per-share basis, Bank of America earned 41 cents per share, beating the 35 cents that analysts were looking for. Like its major competitors, JPMorgan Chase, Citigroup...

  • BAC beats on top and bottom line

    CNBC's Wilfred Frost breaks down Bank of America's quarterly numbers which posted EPS of $0.41 on revenues of $22.2 billion.

  • Brian Moynihan

    CNBC's Wilfred Frost reports on comments made by Bank of America CEO Brian Moynihan.

  • Brian Moynihan

    Brian Moynihan identified areas where lending would expand if Washington rolls back regulations.

  • March 17- Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation fall slightly, reflecting lower revenues at the bank in the first half of 2016.. Blankfein and Citigroup Inc CEO Mike Corbat were the only major bank CEOs whose pay was cut. Bank of America Corp CEO Brian Moynihan's compensation surged 25 percent to $20 million, his...

  • March 17- Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation fall slightly, reflecting lower revenues at the bank in the first half of 2016.. Blankfein and Citigroup Inc CEO Mike Corbat were the only major bank CEOs whose pay was cut. Bank of America Corp CEO Brian Moynihan's compensation surged 25 percent to $20 million, his...

  • NEW YORK, March 15- Bank of America Corp Chairman and Chief Executive Brian Moynihan will once again face a shareholder vote on whether he should maintain both roles, according to the bank's proxy filing on Wednesday. A shareholder proposal calls on the bank's board to install an independent chairman, while it allows for the board's discretion to only apply the...

  • NEW YORK, March 15- Bank of America Corp Chairman and Chief Executive Brian Moynihan will once again face a shareholder vote on whether he should maintain both roles, according to the bank's proxy filing on Wednesday. A shareholder proposal calls on the bank's board to install an independent chairman, while it allows for the board's discretion to only apply the...

  • NEW YORK, March 15- Bank of America Corp Chairman and Chief Executive Brian Moynihan will once again face a shareholder vote on whether he should maintain both roles, according to the bank's proxy filing on Wednesday. Shareholders also successfully submitted proposals on whether the second-largest U.S. bank should toughen claw-back provisions for...

  • Berkshire bought $5 billion of Bank of America preferred stock carrying a 6 percent dividend, or $300 million annually, in August 2011, when many investors worried about the second-largest U.S. bank's capital needs. In his annual letter to Berkshire shareholders, Buffett said if Bank of America's current 30 cents per share annual dividend rose above 44 cents...

  • Feb 17- Citigroup Inc's board of directors cut Chief Executive Officer Michael Corbat's compensation by 6 percent last year after the bank missed financial targets and one-third of its voting shareholders disapproved of his prior pay package. Corbat received $15.5 million in total compensation, including a base salary of $1.5 million, a $4.2 million cash...

  • NEW YORK, Feb 17- Bank of America Corp's board awarded Chief Executive Officer Brian Moynihan $20 million for his work last year, the largest pay package he has received since taking the helm of the bank in the aftermath of the 2008 financial crisis. His compensation came largely in the form of stock awards, half of which Moynihan can only receive if he hits certain...

  • Feb 17- Citigroup Inc cut Chief Executive Officer Michael Corbat's compensation by 6 percent to $15.5 million in 2016, a year in which the bank fell short of profitability and efficiency goals and saw one-third of voting shareholders disapprove of the company's prior executive compensation. Corbat got a base salary of $1.5 million, a $4.2 million cash...

  • NEW YORK, Feb 17- Bank of America Corp raised Chief Executive Officer and Chairman Brian Moynihan's compensation by 25 percent in 2016 after the second-largest U.S. bank grew profits by 13 percent. Moynihan's total compensation was $20 million, up from $16 million in 2015. JPMorgan Chase& Co CEO Jamie Dimon's compensation went up 3.7 percent to $28 million and...

  • NEW YORK, Feb 17- Bank of America Corp raised Chief Executive Officer and Chairman Brian Moynihan's compensation by 25 percent in 2016 after the second-largest U.S. bank grew profits by 13 percent. Moynihan's total compensation was $20 million, up from $16 million in 2015. As has been the case in prior years, his award includes a base salary of $1.5 million and no...