Tag: Bank of America

October 9, 2018

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 […]

September 24, 2018

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 […]

September 6, 2018

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 […]

July 16, 2018

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 […]

June 28, 2018

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 […]

June 5, 2018

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. […]

May 10, 2018

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, […]

May 8, 2018

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 […]

May 7, 2018

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. […]

April 16, 2018

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 […]