Search results
Results from the WOW.Com Content Network
Bank of America said its profits fell in the second quarter, as higher interest rates ate into BofA's expenses, including its large consumer banking franchise. On a per share basis, BofA earned 83 ...
Bank of America Corp (NYSE: BAC) reported second-quarter FY22 revenue of $22.7 billion, up 6% year-on-year, marginally missing the consensus of $22.78 billion. Net income of $6.2 billion plunged ...
The history of Bank of America dates back to October 17, 1904, when Amadeo Pietro Giannini (1870–1949) founded the Bank of Italy, in San Francisco. [14] In 1922, Bank of America, Los Angeles was established with Giannini as a minority investor.
Image source: The Motley Fool. Bank of America (NYSE: BAC) Q2 2024 Earnings Call Jul 16, 2024, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
That's 8% better than the company's net income of $6.80 billion reported in the second quarter of 2018.Bank of America earnings for the second quarter of 2019 also includes revenue of $23.10 billion.
Later that day, Merrill Lynch was sold to Bank of America for 0.8595 share of Bank of America common stock for each Merrill Lynch common share, or about $50 billion or $29 per share. [ 50 ] [ 51 ] This price represented a 70.1% premium over the September 12 closing price or a 38% premium over Merrill's book value of $21 a share, [ 52 ] but also ...
For premium support please call: 800-290-4726 more ways to reach us
Bank of America, formerly known as the Bank of Italy, was founded in San Francisco, California, United States, on October 17, 1904, [1] by Amadeo Pietro Giannini. By 1945, it had grown by a branch banking strategy to become the world's largest commercial bank with 493 branches in California and assets totaling $5 billion.