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Tag: Bank of America


Activity, Trading

Bull Market Heading for Major Correction in 2018, Bank of America Says

December 6, 2017

Via: TheStreet

Bank of America Corp. (BAC) says signs are growing that the eight-year-old bull market in stocks and risky assets could soon come to an end. And, as with all late-stage bull markets, the trick for investors is in getting the […]


Activity, Capital and risk, Corporate banking, Credit

JPMorgan Agents $273MM Facility for Progress Software

November 28, 2017

Via: ABF Journal

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility. According to a related 8-K filing, JPMorgan Chase Bank served as administrative agent, sole bookrunner and sole lead […]


Capital and risk, Credit

BofA Extends U.S. Physical Therapy $125MM Credit Line

November 13, 2017

Via: ABF Journal

Houston-based U.S. Physical Therapy, a national operator of outpatient physical therapy clinics, has renewed its bank credit facility, extending the maturity date from November 2018 to November 2021. Funds from the credit agreement may be used for working capital, acquisitions […]


Capital and risk, Credit

Wells Fargo Agents $1.5B Credit Facility for Brink’s

October 23, 2017

Via: ABF Journal

Brink‚Äôs closed a $1.5 billion credit facility that includes a $1 billion senior secured revolving credit facility and a $500 million senior secured term loan A. According to a related 8-K filing, Wells Fargo served as administrative agent, issuing lender […]


Activity, Trading

Bank of America earnings top Wall Street estimates, shares rise

October 13, 2017

Via: CNBC

Bank of America reported third-quarter results on Friday that beat Wall Street expectations despite a slowdown in its fixed-income trading business. Here’s how the company’s results fared against Wall Street expectations: EPS: 48 cents vs 45 cents forecast by Thomson […]


Activity, Trading

Banks Stocks Higher as September Jobs Report Misses Expectations

October 6, 2017

Via: TheStreet

Bank stocks moved broadly higher in premarket trading Friday, Oct. 6, after September’s jobs report whiffed on expectations and contracted for the first time in seven years. Shares of JPMorgan Chase & Co. (JPM – Get Report) gained 0.48% to […]


Capital and risk, Credit

JPMorgan, BofA Agent MRC Global Total $1.2B Financing

September 27, 2017

Via: ABF Journal

MRC Global closed a new $400 million seven-year senior secured term loan B and an amendment and extension of its global senior secured ABL facility, with a new size in the amount of $800 million. JPMorgan Chase was administrative agent […]


Channels, Products, Retail banking

Bank of America’s New Mobile App Unveils Cardless ATM Withdrawals and PFM Tool

September 7, 2017

Via: Bank Innovation

EXCLUSIVE ‚Äď Bank of America‚Äôs mobile app got a makeover today with a set of new features including a cardless ATM option. On Wednesday, the bank announced a slew of new features in an effort to enhance the banking experience […]


Activity, Investment banking

Billionaire Warren Buffett Now Owns 700,000,000 Shares of Bank of America

August 30, 2017

Via: TheStreet

Billionaire Warren Buffett’s Berkshire Hathaway ( BRK.A) ( BRK.B) on Tuesday exercised its right to acquire 700 million shares of Bank of America Corp ( BAC) , effectively becoming the bank’s top shareholder, Reuters reports. The purchase more than triples […]


Channels

Bank of America Brings AI to Account Receivables

August 23, 2017

Via: Bank Innovation

Artificial intelligence is making its way into the messy world of account receivables for those corporates processing large volumes of payments, thanks to Bank of America Merrill Lynch and fintech startup, High Radius. The ‚ÄúIntelligent Receivables‚ÄĚ solution is designed to […]