Top

Tag: Bank of America


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 […]


Activity, Investment banking

Bank of America downgrades Chevron, citing risk of losing some overseas production deals

September 6, 2018

Via: CNBC

Bank of America Merrill Lynch is getting less optimistic on Chevron shares due to rising competition over energy deals. The firm lowered its rating to neutral from buy for Chevron shares, saying the renewals for the company’s key Asian projects […]


Activity, Trading

U.S. stock futures fight to gain ground higher with earnings, Trump-Putin summit in focus

July 16, 2018

Via: Market Watch

U.S. stock futures traded little changed Monday, with investors looking to a fresh round of quarterly results to help steer trading following last week’s uptrend that took equity benchmarks to their highest levels in weeks despite rising geopolitical worries. A […]


Capital and risk, Credit

BofA Agents New $800MM Facility for Celestica

June 28, 2018

Via: ABF Journal

Celestica entered into a new $800 million credit facility with a syndicate of lenders and Bank of America as administrative agent. The facility consists of a $350 million term loan and a $450 million revolving credit facility and will replace […]


Activity, Trading

Trade conflicts and tariffs won’t hurt U.S. economy, but they do have a dark side

June 5, 2018

Via: CNBC

The Trump administration’s tariffs and growing trade conflicts so far are not enough to hurt the U.S. economy, but the efforts could result instead in job losses and higher prices on some goods for consumers, economists and trade experts say. […]


Capital and risk, Operational

Cryptocurrencies as a payment system are ‘troubling,” Bank of America tech officer says

May 10, 2018

Via: CNBC

Cryptocurrencies are standing in the way of authorities catching “bad guys” who are using payment systems for nefarious purposes, a Bank of America official said Thursday. Addressing a key criticism of bitcoin and its growing list of competitors, Cathy Bessant, […]


Capital and risk, Macroeconomic

Recession won’t come until at least 2021, Bank of America predicts

May 8, 2018

Via: CNBC

Bank of America’s investment arm has offered some soothing words to investors fretting about an imminent meltdown in global equities and a resulting slowdown. The investment community have been busy watching the recent trend in bond yields this year, with […]


Activity, Trading

Big banks take the lion’s share of stock trading

May 7, 2018

Via: Market Watch

It’s a good time to be a megabank. In many businesses, the largest global banks such as JPMorgan Chase & Co. JPM, +1.11% and Bank of America Corp. BAC, +0.34% are getting bigger, while others are struggling to keep pace. […]


Activity, Corporate banking

Bank of America Profit Rises 30% on Tax Cuts, Interest Rates

April 16, 2018

Via: TheStreet

Bank of America Corp. (BAC) , the giant U.S. bank, said first-quarter profit surged 30% as taxes decreased following President Donald Trump’s cuts in the corporate rate, while higher interest rates boosted lending revenue. Bank of America’s net income rose […]