Keeping big banks from being broken up turns out to be great for their CEOs, according to one analyst report. » Read More
Bank of America chief Brian Moynihan, at Davos, tells CNBC individual investors and consumers have been pretty steady amid the global turmoil.
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...
Here's what Goldman, JPMorgan and Bank of America didn't say in their earnings reports, says analyst Dick Bove.
Bank of America earnings topped expectations, reversing a year-earlier loss related to a settlement with the government over mortgages.
CLSA bank analyst Mike Mayo, reacts to the shareholder decision to keep together the role of CEO and chairman role at Bank of America
CNBC's Kayla Tausche reports on Bank of America's vote to allow Brian Moynihan to keep both chairman and CEO roles.
Some of the names on the move ahead of the open.
Former Wells Fargo CEO Dick Kovacevich shares his thoughts on the proxy vote to split the roles of CEO and chairman at Bank of America.
A group of shareholders is looking to strip Bank of America CEO Brian Moynihan of his chairman title on Tuesday.
CNBC's Kayla Tausche provides a preview of Bank of America's shareholder vote on whether to strip CEO Brian Moynihan of his chairman title.
Ken Langone, Invemed Associates president, weighs in on the fight to split the jobs of chairman and CEO at Bank of America and why he backs Brian Moynihan to fill those two roles.
Bank of America sent CNBC the following statement regarding its decision to combine the role of CEO and chairman.
Mike Mayo, CLSA Americas managing director, explains why he is urging shareholders to vote for separate leadership roles at Bank of America and separate Brian Moynihan's position as both CEO and chairman.
Bank of America shareholders should split the chairman and CEO positions, CLSA analyst Mike Mayo says. Here's why.
Richard Bove, Rafferty Capital, explains why he thinks Brian Moynihan is the right man to lead Bank of America. Also Bove shares his thoughts on the departure of CFO Bruce Thompson.