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Financials Brian Moynihan

  • Chief Executive Brian Moynihan's years-long effort to streamline the bank's sprawling operations and keep its costs in check are finally bearing fruit as the Federal Reserve raises borrowing costs. "On balance, Bank of America's results stack up better than those of peers," Instinet analyst Steven Chubak said. The Federal Reserve's three rate increases...

  • Chief Executive Brian Moynihan's years-long effort to streamline the United States' second-largest bank and keep its costs in check are finally bearing fruit as the Federal Reserve raises borrowing costs. But again margins improved and credit quality improved, " Stephen Biggar, Argus Research director of financial institutions research, said.

  • Oct 13- Bank of America Corp's profit surged 15 percent in the third quarter as higher U.S. interest rates boosted income from consumer banking and the lender also met its own target on cost control. "Revenue across our four lines of business grew 4 percent, even with a challenging comparable quarter for trading," Chief Executive Officer Brian Moynihan said.

  • 'Fairly strong' quarter for Bank of America: Argus Research's Stephen Biggar

    They were able to get lending growth and still maintain some underwriting discipline, says Stephen Biggar, Argus Research director of financial institutions research, sifting through Bank of America's quarterly numbers which reported better-than-expected results.

  • People use a Bank of America automated teller machine in Washington.

    CNBC's Wilfred Frost breaks down Bank of America's quarterly numbers, which posted earnings per share of $0.48 on revenues of $22.079 billion.

  • *Warren Buffett says can't solve Wells Fargo issues in a day- CNBC. *Warren Buffett on Wells Fargo says Tim Sloan has my faith- CNBC. *Buffett says Bank Of America's Brian Moynihan has done a great job- CNBC Further company coverage:.

  • BUFFETT SAYS BANK OF AMERICA'S BRIAN MOYNIHAN HAS DONE A GREAT JOB- CNBC.

  • Warren Buffett: We'll be holders of Bank of America stock for a long time

    Warren Buffett, Berkshire Hathaway chairman and CEO, shares his thoughts on Bank of America and CEO Brian Moynihan.

  • Sept 27- Bank of America Corp will continue to favor share buybacks over a dividend increase to avoid putting itself in a position where it may have to reduce the dividend in the future, Chief Executive Brian Moynihan said at a conference in London on Wednesday. Bank of America expects to return $14.2 billion to shareholders in 2017, with the majority of that...

  • Sept 27- Bank of America Corp will continue to favor share buybacks to a dividend increase as the bank does not want to put itself into a position where it may have to reduce the dividend, Chief Executive Brian Moynihan said at a conference in London Tuesday.

  • Aug 29- Warren Buffett's Berkshire Hathaway Inc has become Bank of America Corp's largest shareholder by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago. Bank of America on Tuesday said Berkshire exercised warrants to acquire its shares for roughly $7.14 each, well below their...

  • *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...