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Tag: Bank of America


Activity, Corporate banking

JP Morgan escalates deposit wars with expansion into the heart of Bank of America country

March 13, 2019

Via: CNBC

As J.P. Morgan Chase builds out its web of branches across the U.S., it is launching into areas long dominated by two of its biggest rivals. J.P. Morgan is expanding into nine new U.S. markets as it fills gaps in […]


Capital and risk, Credit

JPMorgan Chase Agents $125MM ABL Facility for CSS Industries

March 8, 2019

Via: ABF Journal

CSS Industries, a consumer products company serving the craft, gift and seasonal markets, entered into a new $125 million asset-based senior secured credit facility with JPMorgan Chase Bank acting as administrative agent. Bank of America and KeyBank also participated in […]


Activity, Trading

Even if the rally stalls, BofA expects stocks to return to record territory this year

March 6, 2019

Via: CNBC

One of Wall Street’s largest firms sees signs the 2019 rally is stalling, but that may be no reason to turn bearish. It’s a bull thesis BofA-Merrill Lynch’s Stephen Suttmeier builds in two charts. The first chart suggests the S&P […]


Activity, Trading

Bank of America Merrill Lynch: A strong China trade deal could unleash a double-digit rally

February 20, 2019

Via: CNBC

The S&P 500 has potential to rally as much as 10 percent from current levels if the United States and China come to terms on a trade agreement that’s “the real deal,” Bank of America’s Savita Subramanian told CNBC. “A […]


Capital and risk, Macroeconomic

Bank of America CEO: US consumer ‘very strong’ even as world economy sees ‘synchronized slowdown’

January 22, 2019

Via: CNBC

Bank of America Chairman and CEO Brian Moynihan told CNBC on Tuesday the American consumer remains confident despite headwinds in the United States and around the world. “We think the consumer is very strong right now,” Moynihan said on “Squawk […]


Activity, Corporate banking

Bank of America Doubles Profit in Fourth Quarter, Beats Estimates

January 16, 2019

Via: TheStreet

Bank of America Corp. (BAC – Get Report) said profit doubled in the fourth quarter from a year earlier, when the second-largest U.S. bank took a big write-down related to passage of the 2017 tax law. Net income rose to […]


Activity, Trading

Goldman Sachs shares fall after Bank of America says 1MDB scandal uncertainty could ‘linger’

November 30, 2018

Via: CNBC

Shares of Goldman Sachs fell nearly 2 percent in the premarket Friday after an analyst at Bank of America Merrill Lynch said the stock’s gains could be capped as a scandal related to the Malaysian government investment fund festers. Bank […]


Activity, Trading

Stay bearish because the ‘Big Low’ for stocks hasn’t arrived yet, says Bank of America

November 13, 2018

Via: Market Watch

For investors, it may be a case of nowhere to run, nowhere to hide. So says CNBC’s “Mad Money” host Jim Cramer, who warned Monday of a very “serious correction” in a day that saw the Dow skid 600 points […]


Capital and risk, Credit

BofA Agents $250MM DIP for American Tire Distributors

October 9, 2018

Via: ABF Journal

American Tire Distributor reached an agreement with a majority of its term loan holders to support its restructuring support agreement, which would reduce the company’s debt by approximately $1.1 billion and increase its financial flexibility as it continues its ongoing […]


Activity, Investment banking

Bank of America says Nvidia is a top pick due to the big upgrade opportunity for its gaming cards

September 24, 2018

Via: CNBC

Nvidia shares will keep rising even after the stock’s big gains this year, according to Bank of America Merrill Lynch. The firm reiterated its buy and ‘top sector pick’ ratings for Nvidia shares, predicting strong demand for the company’s previous […]