Charlotte, April 16, 2010 (ots/PRNewswire) - Bank of America Corporation today reported first-quarter 2010 net income of US$3.2 billion compared with a net loss of US$194 million in the fourth quarter and net income of US$4.2 billion a year earlier. After preferred dividends, the company earned US$0.28 per diluted share in the first quarter, up from a loss of US$0.60 per share in the fourth quarter and earnings of ...
Charlotte, North Carolina (ots/PRNewswire) - Bank of America Corporation today reported full-year 2009 net income of US$6.3 billion, compared with net income of US$4.0 billion in 2008. Including preferred stock dividends and the negative impact from the repayment of the U.S. government's US$45 billion preferred stock investment in the company under the Troubled Asset Relief Program (TARP), income applicable to common ...
Charlotte, North Carolina (ots/PRNewswire) - - Approximately US$2.6 Billion in Writedowns From Improvement in Company Credit Spreads - Terminating Government Guarantee Term Sheet Costs US$402 Million - Merrill Lynch Platform Continues to Boost Results - Extends US$183.7 Billion in Credit in the Third Quarter - Tier 1 Capital Ratio Rises to ...
Charlotte, North Carolina (ots/PRNewswire) - - Strong Pretax, Pre-provision Income of US$16 Billion - Another Good Quarter in Capital Markets and Home Loans - Enhanced Capital Strength, Tier 1 Capital Ratio at 11.93 Percent - Extends More Than US$211 Billion in Credit in the Second Quarter - Adds US$4.7 Billion to Credit Loss Reserves Bank of America Corporation today reported second-quarter ...
Charlotte, North Carolina, November 17 (ots/PRNewswire) - Bank of America Corporation has given notice of its plan to exercise the remainder of its option to purchase ordinary shares of China Construction Bank Corporation from China SAFE Investments Limited (Huijin). Bank of America acquired the option from Huijin in connection with its investment in CCB in June ...
Charlotte, North Carolina (ots/PRNewswire) - Bank of America Chairman and Chief Executive Officer Ken Lewis today announced that John Thain, current chairman and chief executive officer of Merrill Lynch, will have a major role in the combined companies. Lewis also announced that Brian Moynihan will continue as president of Global Corporate and Investment Banking at Bank of America until the merger, and will take on ...
Charlotte, North Carolina (ots/PRNewswire) - Bank of America Corporation today announced the expiration of its offers to exchange a portion of its outstanding subordinated debt securities listed in the table below (collectively, the "Old Notes"), for both cash and the choice of either: - up to US$2,000,000,000 aggregate principal amount of its 5.42% Subordinated Notes due March 15, 2017 (the "2017 ...
Charlotte, North Carolina (ots/PRNewswire) - - Teams Up with Major League Baseball and FSN to Air Indians/Tigers Telecast Worldwide without Commercial Breaks CHARLOTTE, North Carolina, June 27 /PRNewswire/ -- - Presents Salute to the Troops Celebration at Historic Ford's Theater In acknowledgement of U.S. troops serving at home and abroad, Bank of ...