News
BAC-PRL
1163.01
-0.44%
-5.09
UPDATE 3-Blackstone to buy restaurant chain Tropical Smoothie
Blackstone agrees to buy restaurant chain Tropical Smoothie Cafe in a deal valued at $2 billion. The Atlanta-based company operates over 1,400 locations in 44 states. The company began operating as a single location on a beach in Destin, Florida. Blackstone did not disclose terms of the deal.
Reuters · 4h ago
BUZZ-Gold miners to see higher precious metal prices boosting results after Q1
Gold miners expected to report first-quarter results April 24 onwards. World's biggest gold miner Newmont NEM.N reporting on Thursday. Analysts expect jump in gold prices to reflect in earnings from Q2 onwards. Gold miners to see higher precious metal prices boosting results after Q1.
Reuters · 5h ago
LIVE MARKETS-BofA clients focus in on financials
BofA Securities equity and quant strategist Jill Carey Hall says clients sold U.S. Equities last week. She says financials saw their biggest weekly inflow since August 2019. Hall says BofA clients bought stocks in seven of the 11 S&P 500 sectors. In a report on equity client flows, bofa clients focus in on financials.
Reuters · 6h ago
UPDATE 2-Goldman Sachs, BofA shareholders reject proposals for CEO-chair split
Goldman Sachs, BofA shareholders reject proposals for CEO-chair split. Proxy advisers had urged shareholders to support the moves to strip CEO and chairman roles. Both banks bucked pressure from influential proxy advisers to bolster corporate governance. Goldman Sachs, Bank of America shareholders vote against proposals to divide CEO and chair roles.
Reuters · 7h ago
UPDATE 1-Goldman Sachs taps BofA bankers for India dealmaking roles, sources say
Goldman Sachs taps BofA bankers for India dealmaking roles, sources say. India is the world's second busiest IPO market this year after the United States. Both hires have previously worked at Bank of America BAC.N. Goldman earned $16 million in investment banking fees in the region in first quarter of 2024.
Reuters · 8h ago
Bank of America shareholders reject proposal to split CEO, chair roles
Bank of America shareholders reject proposal to split CEO, chair roles. Proxy advisers had recommend investors vote for the bank to separate the positions. The proposal was backed by 31% of shareholders at the company's virtual annual meeting. All of BofA's management proposals were approved.
Reuters · 8h ago
GOLDMAN HIRES SUNIL KHAITAN AS INDIA HEAD OF FINANCING, KAMNA SAHNI AS INDIA HEAD OF M&A-SOURCES
Reuters · 9h ago
Bank Of America: Prospectus [Rule 424(b)(2)]
Press release · 1d ago
UPDATE 1-Big banks face probe over NDAs in swaps, clearing businesses, Bloomberg reports
Commodity Futures Trading Commission asks banks for NDAs in swaps, clearing businesses, Bloomberg reports. CFTC wants to see if banks are preventing would-be whistleblowers from speaking out, report says. JPMorgan Chase, Bank of America and Citigroup among banks facing probe.
Reuters · 1d ago
What to Watch in the Day Ahead - Wednesday, April 24
Meta Platforms' revenue is expected to grow 26% as AI investments drive higher engagement at Instagram. Boeing expected to report a much higher cash burn and its first revenue fall in seven quarters. AT&T expected to post weak subscriber additions in the first quarter. Census Bureau to report orders for durable goods rose 2.5% in March.
Reuters · 1d ago
MEDIA-Big banks face probe over non-disclosure agreements in swaps, clearing businesses- Bloomberg News
Reuters · 1d ago
PREVIEW-Goldman and BofA face renewed calls to split CEO, chairman's roles
Goldman Sachs and Bank of America face renewed calls to split CEO, chairman's roles. Proxy advisers recommend investors vote for the banks to separate their CEO and chairman roles. After the 2008 financial crisis, investors seeking to improve risk oversight mounted efforts to split the roles. Goldman and BofA contend that their lead independent board directors provide sufficient oversight.
Reuters · 1d ago
Golden Goose's net revenues up 12% in first quarter
Italy's Golden Goose's revenues up 12% in first quarter. Luxury sneaker maker's sales in the direct-to-consumer channel grew 20%. Group preparing for a likely initial public offering in Milan in 2024. Former Gucci CEO Marco Bizzarri appointed to board of Golden Goose.
Reuters · 1d ago
US business equipment borrowings fell 7% in March, ELFA says
US business equipment borrowings fell 7% in March, Equipment Leasing and Finance Association says. Companies signed up for loans, leases and lines of credit worth $9.3 billion in March. Equipment and software investment should pick up in the latter part of the year, ELFA says.
Reuters · 2d ago
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About BAC-PRL
Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.