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Financials Brian Moynihan

  • *Wall St groups, Nomura of Japan among those choosing Frankfurt. Frankfurt, along with Dublin, is emerging on top in the battle to draw highly-paid banking jobs- and the tax revenue that they bring- away from London before Britain's departure from the European Union in March 2019. Instead she relied on Volker Bouffier, prime minister of the state of Hesse where...

  • LONDON/ DUBLIN, July 21- Bank of America on Friday became the first Wall Street lender to pick Dublin as its new base for its European Union operations as Britain prepares to leave the bloc. Frankfurt and Dublin are emerging as early winners for banks' post-Brexit operations. Wall Street's Citigroup Inc. and Morgan Stanley have both picked Frankfurt as bases for...

  • LONDON, July 21- Bank of America has become the first Wall Street bank to pick Dublin to be its new base for its European Union operations as Britain prepares to leave the bloc, the firm said in a statement on Friday. International banks are planning to set up subsidiaries in the EU to ensure they can continue to serve clients if their London operations lose the...

  • July 14- Most big U.S. banks reported better-than-expected quarterly profits but failed to enthuse investors who were looking for better results and a sunnier outlook. *Earnings- EPS $1.71 vs est. *Revenue- $26.41 bln vs est $24.96 bln.

  • July 18- Big U.S. banks are starting to pay corporations, financial firms and rich people more to hold on to their deposits, but ordinary consumers will have to wait longer to see more than a few pennies for every $100 they stash in their accounts. Main Street depositors are not yet seeing the same benefits, executives said. The average U.S. checking account now pays 4...

  • Chief Executive Officer Brian Moynihan spoke glowingly of a broad turnaround in the consumer business that began in 2009, calling its $2 billion in quarterly profit a "milestone" on a call with analysts on Tuesday. Overall, Bank of America hit a target of spending 60 cents for every dollar of revenue it produces, down from 63 cents a year earlier.

  • Chief Executive Officer Brian Moynihan spoke glowingly of a broad turnaround in the consumer business that began in 2009, calling its $2 billion in quarterly profit a "milestone" on a call with analysts on Tuesday. Overall, Bank of America hit a target of spending 60 cents for every dollar of revenue it produces, down from 63 cents a year earlier.

  • Overall, Bank of America hit a target of spending 60 cents for every dollar of revenue it produces, down from 63 cents a year earlier. "This was a good quarter all around for BofA," said Evercore ISI analyst Glenn Schorr. Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio both characterized the second quarter as one of the best in the...

  • Overall, Bank of America hit a target of spending 60 cents for every dollar of revenue it produces, down from 63 cents a year earlier. "This was a good quarter all around for BofA," said Evercore ISI analyst Glenn Schorr. Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio both characterized the second quarter as one of the best in the...

  • All of our businesses delivered strong results, with several setting new records, "said Chief Executive Officer Brian Moynihan said. The bank's total revenue of $23.07 billion handsomely beat the average analyst estimate of $21.78 billion. Earnings per share came in at 46 cents, topping the estimate of 43 cents.

  • June 30- Warren Buffett's company will become the biggest shareholder in Bank of America Corp, after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank. Berkshire will take a roughly 7 percent ownership stake, worth about $17 billion based on Bank of America's closing price of $24.32 on Thursday.

  • June 30- Warren Buffett's Berkshire Hathaway Inc will swap its preferred shares in Bank of America Corp into common shares worth about $17 billion, making it the biggest shareholder of lender. Buffett had bought $5 billion of Bank of America preferred stock with a 6 percent dividend, or $300 million annually, in August 2011, when investors worried about the...

  • June 28- Warren Buffett's Berkshire Hathaway Inc may be on the verge of becoming Bank of America Corp's largest shareholder, after the bank raised its dividend in the wake of a positive assessment of its ability to handle market stresses. Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share from 30 cents, beginning in the third...

  • June 28- Warren Buffett's Berkshire Hathaway Inc may be on the verge of becoming Bank of America Corp's largest shareholder, after the bank raised its dividend in the wake of a positive assessment of its ability to handle market stresses. Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share from 30 cents, beginning in the third...

  • Bank of America has begun laying off employees in its operations and technology division, part of the second-largest U.S. bank's plan to cut costs.

  • On Wednesday the bank cut jobs across that division, many of which came from its Charlotte, N.C., headquarters, a spokesman said. The cuts come as Bank of America is aiming to cut costs to boost financial targets Chief Executive Brian Moynihan has set. Separately, at a conference on Wednesday, Chief Operating Officer Tom Montag said the global banking and markets...

  • LONDON, June 5- Executives at some of the world's biggest banks are warning that challenging market conditions could lead to a fall in second quarter trading revenues, with much of the blame being laid at a familiar door: low volatility. JP Morgan chief financial officer Marianne Lake, Bank of America chief executive Brian Moynihan and Morgan Stanley CEO James...

  • JPMorgan's trading revenue has fallen 15 percent so far in the second quarter, its chief financial officer, Marianne Lake, told investors at a conference. Bank of America Chief Executive Officer Brian Moynihan, meanwhile, told investors the bank's second-quarter trading revenue would be lower than a year ago. The first and second quarter in 2016 were fairly...

  • JPMorgan Chief Financial Officer Marianne Lake said the decline stemmed from lower volatility compared with a year ago when the United Kingdom was preparing to vote on Brexit. Bank of America Chief Executive Brian Moynihan said second-quarter earnings would be hurt by a drop in trading revenue, lower-than-expected interest rates and the sale or...

  • May 31- Bank of America Corp second-quarter earnings will be hurt by a drop in trading revenue, lower-than-expected interest rates and the sale or shuttering of certain assets, according to comments from Chief Executive Brian Moynihan on Wednesday. Revenues will also be hurt by lower-than-anticipated interest rates and the fact that the bank closed the sale...