Search results
Results from the WOW.Com Content Network
Note that in the past 12 months, Bank of America's price-to-earnings (P/E) ratio jumped 107%, from 8.3 to 17.3 as of this writing. This more than offset falling earnings during the period.
The bank also disclosed it tried to abandon the deal in December after the extent of Merrill's trading losses surfaced, but was compelled to complete the merger by the U.S. government. The bank's stock price sank to $7.18, its lowest level in 17 years, after announcing earnings and the Merrill mishap.
Since early 2018, on four separate occasions, Bank of America (NYSE:BAC) stock has traded up to at least $30 per share. Each time, the BAC stock price has subsequently dropped. For its loyal ...
After my last write up about Bank of America (NYSE:BAC) stock in late March it rallied 12%. So the trade paid quickly. Bank of America stock has since given it back and repeated the process almost ...
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 ...
Bank of America building in Atlanta was for years owned by NationsBank. In 1998, it acquired BankAmerica Corporation of San Francisco in what was the largest bank merger in American history at the time. Although NationsBank was the nominal survivor, the merged bank took the better-known Bank of America name, and operates under Bank of America's ...
True to his bargain-hunter reputation, Buffett topped up his Bank of America stake in 2020, when the pandemic-hit stock was trading around $25. He purchased about $2.1 billion worth over 12 ...
Here is a breakdown of how Bank of America stock is performing, how the company is faring, and whether or not now is the right time to invest in the company. ... So far this year, Bank of America ...