Financials Brian Moynihan

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  • Bank of America's board had recommended voting against the proposal, as had proxy advisory firms Institutional Shareholder Services and Glass, Lewis& Co.. Among speakers at the meeting was CLSA bank analyst Mike Mayo, a frequent critic of the bank. Mayo said the bank's independent directors were not holding Chief Executive Brian Moynihan and his management...

  • Wells Fargo and Bank of America, two of the biggest lenders to the U.S. oil and gas sector, each set aside hundreds of millions of dollars in additional provisions to cover souring loans to energy companies. While the price of oil has risen off decade-lows hit in January, it is still trading around $40 a barrel, well below the $100 plus levels seen in 2014 and spelling...

  • *1st qtr EPS 20 cents, matching market estimate. The bank's revenue also fell short of Wall Street's expectations, as adjusted revenue from bond, currency and commodities trading slid 17.5 percent to $2.26 billion. Charlotte, North Carolina- based BofA, one of the biggest U.S. lenders to the oil and gas industry, said total provisions rose 30 percent to $997 million...

  • Net income attributable to common shareholders fell to $2.22 billion, or 21 cents per share, in the three months ended March 31, from $2.72 billion, or 25 cents per share, a year earlier. Market volatility stemming from a slide in commodity and oil prices, worries about China's economy and uncertainty about interest rates hit trading activity globally in the...

  • March 17- Bank of America Corp Chief Executive and Chairman Brian Moynihan received a higher year-end compensation award for 2015 than any other executive at the bank, the first time this has happened since he took the top job in 2010.. Moynihan's payout also fell short of those of Citigroup Inc Chief Executive Michael Corbat, who received about $16.5 million,...

  • March 17- Bank of America Corp Chief Executive and Chairman Brian Moynihan received a higher year-end compensation award in 2015 than any other executive at the bank, the first time this has happened since he took the top job in 2010.. In each of the previous years Thomas Montag, currently the bank's chief operating officer, had received a larger pay package than...

  • The bank tapped mortgage executives Matt Vernon and John Schleck to lead the auto lending business last May, saying they would be able to sell auto loans alongside other products such as checking accounts and home equity loans. In interviews, the executives and their boss, D. Steve Boland, who oversees a broad swath of consumer lending, said they still see room for...

  • The bank tapped mortgage executives Matt Vernon and John Schleck to lead the auto lending business last May, saying they would be able to sell auto loans alongside other products such as checking accounts and home equity loans. In interviews, the executives and their boss, D. Steve Boland, who oversees a broad swath of consumer lending, said they still see room for...

  • Bank do terrible job of defending themselves: Jimmy Dunne

    Jimmy Dunne, Sandler O'Neill, weighs in on "political" comments made by Neel Kashari about breaking up big banks.

  • Feb 18- Citigroup Inc raised Chief Executive Michael Corbat's pay by an estimated 27 percent in 2015, a year in which the bank's profit more than doubled. Corbat earned an estimated $16.5 million in 2015, including deferred shares worth about $4.5 million. James Forese, chief executive of Citi's Institutional Clients Group, was paid $16 million, up 18.5 percent...

  • Brian Moynihan speaking at the 2016 World Economic Forum in Davos, Switzerland.

    Bank of America chief Brian Moynihan, at Davos, tells CNBC individual investors and consumers have been pretty steady amid the global turmoil.

  • BAC CEO: Consumers continue to spend

    Brian Moynihan, Bank of America CEO, discusses the company's quarterly results, recent turmoil in global market and consumer spending amid lower gas prices.

  • Wall Street banks' earnings show a tougher environment for lenders in the mortgage market.

  • *Fourth-qtr EPS $0.29 vs. est. Bank of America said on Tuesday its provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. The bank has $21.3 billion in energy-related loans, representing about 2 percent of total loans, Chief...

  • Reflecting this, Bank of America's provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. BofA said its net income attributable to common shareholders rose to $3.01 billion, or 28 cents per share, in the quarter, from $2.74...

  • BofA, the No. 2 U.S. bank by assets, said its net income attributable to common shareholders rose to $3.01 billion, or 28 cents per share, in the three months ended Dec. 31, from $2.74 billion, or 25 cents per share, a year earlier. BofA, whose shares were up 1.6 percent in premarket trading, has been hit by high legal costs since the financial crisis, undermining many of the...

  • NEW YORK, Dec 9- Citigroup Inc will take a $300 million "repositioning charge" in the fourth quarter to "resize infrastructure and capacity" throughout its businesses, Chief Financial Officer John Gerspach said on Wednesday. Citi will also add $300 million to $400 million in loan reserves from the third quarter for energy loans, based on the expectation that oil...

  • Dick Bove

    Here's what Goldman, JPMorgan and Bank of America didn't say in their earnings reports, says analyst Dick Bove.

  • Bank of America

    Bank of America earnings topped expectations, reversing a year-earlier loss related to a settlement with the government over mortgages.

  • Mike Mayo: Sell Bank of America

    CLSA bank analyst Mike Mayo, reacts to the shareholder decision to keep together the role of CEO and chairman role at Bank of America