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Tag: Bank of America


Activity, Trading

Value stocks have ‘never been this cheap,’ Bank of America says

November 8, 2019

Via: CNBC

Value stocks, those with stable fundamentals and subpar valuations, haven’t been this cheap since the financial crisis, according to Bank of America. Cheap equities enjoyed a resurgence in September from a decade of underperformance as investors bet on economically sensitive, […]


Activity, Corporate Banking

BofA Agents $2.5B Revolver for Equity Residential

November 5, 2019

Via: ABF Journal

Equity Residential entered into a $2.5 billion multi-currency revolving credit facility, replacing its existing $2 billion credit agreement. The new facility matures on November 1, 2024, and can be extended or increased, subject to lender consent and customary conditions. The […]


Channels, Products, Retail Banking

Bank of America unveils new mobile banking app with loan applications built in

October 29, 2019

Via: Banking Technology

The facelift means customers can submit applications for a credit cards, auto loans and home loans through the app, as well as giving them access to credit card debt reduction insights, which will be available from next year, and them […]


Products, Retail Banking

Bank of America unveils redesigned mobile app

October 25, 2019

Via: Finextra

The sleek, modern design makes it even easier to navigate all of Bank of America’s robust mobile banking features. The latest version of the app also includes enhancements to Erica®, the bank’s AI-driven virtual financial assistant, designed to help clients […]


Channels

Bank of America upgrades CashPro

October 21, 2019

Via: Finextra

Today, the bank is introducing a series of new capabilities that increase efficiency, transparency and mobility for business customers. These updates are making business easier for the bank’s clients: Digitized KYC (Know-Your-Customer) Refresh. One of the biggest pain points for […]


Channels, Products, Retail Banking

Bank of America releases Accounts Payable Optimization toolkit

October 18, 2019

Via: Finextra

Deciding between card, wire, automated clearinghouse (ACH) or supply chain finance depends on the nature of each individual supplier and is a complex, time-consuming task. To address that client need, Bank of America Merrill Lynch has introduced Accounts Payable Optimization. […]


Activity, Trading

Bank of America shares rise after lender posts better-than-expected profit on retail operations

October 16, 2019

Via: CNBC

Bank of America beat analysts’ estimates for third-quarter profit and revenue as its consumer and advisory businesses offset a slump in trading. The bank said Wednesday that net income excluding an impairment charge rose 4% to $7.5 billion, or an […]


Activity, Investment Banking

Bank of America downgraded as inverted yield curve, Fed rate cuts to hurt income, analyst says

August 29, 2019

Via: CNBC

Bank of America could see its profits take a hit over the next year as long-term interest rates continue to fall and “the potential for several additional rate cuts” from the Federal Reserve threaten the bank’s income growth, Raymond James […]


Products, Retail Banking

Bank of America hails surge in mobile P2P payments

August 22, 2019

Via: Finextra

The bank says that in the first nine months, Zelle users sent and received a total of 163 million transactions, compared to 157 million transactions throughout 2018. As people increasingly turn to cashless solutions to move and manage their money, […]


Activity, Corporate Banking

BofA terminates First Data partnership/JPM Chase closes collaboration with OnDeck

July 31, 2019

Via: Finextra

The news came within hours of Fiserv acquiring control of First Data, sending its shares downward. BofA says it expects to incur an impairment charge of about $1.7 billion to $2.1 billion in Q3 2019 due to the termination of […]