Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Bank of America    BAC

BANK OF AMERICA

(BAC)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Bank of America Corp : Deloitte buying advisory firm McColl Partners

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/10/2013 | 09:59am EDT
The Deloitte Company logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi

NEW YORK (Reuters) - Accounting and financial services firm Deloitte LLP struck a deal on Monday to buy boutique mergers and acquisitions advisory firm McColl Partners LLC in a bid to strengthen its position as an adviser on middle-market deals.

The acquisition will double the size of Deloitte Corporate Finance, the Deloitte Financial Advisory Services unit that is buying McColl Partners, the company said. It did not disclose the value of the deal.

Hugh McColl - the former Bank of America chairman and chief executive who founded the firm with six other bankers 12 years ago - will work with Deloitte Financial Advisory Services as a senior strategic advisor.

Deloitte said the McColl deal will allow Deloitte Corporate Finance to add a team of nearly 70 professionals, including 13 managing directors.

It said Kevin Flanagan, the national managing director of Deloitte Corporate Finance, will continue to lead the business.

(Reporting by Michael Erman; Editing by Chris Reese)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF AMERICA
05/24BANK OF AMERICA : Form of prospectus filed in connection with primary offering o..
PU
05/23DIME COMMUNITY BANCSHARES : Bank Announces Key Hires in Business Banking divisio..
AQ
05/23ENCORE CAPITAL : Monique Dumais Appointed Chief Information Officer for Encore C..
AQ
05/23BANK OF AMERICA : Fwp
PU
05/22BANK OF AMERICA : to Participate in the Bernstein Strategic Decisions Conference..
PU
05/22BANK OF AMERICA : U.S. Green Building Council Receives $500,000 Grant From Bank ..
PU
05/22BANK OF AMERICA : Form of prospectus filed in connection with primary offering o..
PU
05/21BANK OF AMERICA : to Participate in the Deutsche Bank Global Financial Services ..
PU
05/21BANK OF AMERICA : Redwood Property Investors Reveal Restored Bank Building in Ol..
AQ
05/20BANK OF AMERICA : Form of prospectus filed in connection with primary offering o..
PU
More news
Financials ($)
Sales 2019 92 985 M
EBIT 2019 38 787 M
Net income 2019 27 180 M
Debt 2019 -
Yield 2019 2,44%
P/E ratio 2019 9,85
P/E ratio 2020 8,98
Capi. / Sales 2019 2,88x
Capi. / Sales 2020 2,81x
Capitalization 268 B
Chart BANK OF AMERICA
Duration : Period :
Bank of America Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANK OF AMERICA
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 32,8 $
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Brian T. Moynihan Chairman, President & Chief Executive Officer
Catherine P. Bessant President-Global Product Solutions & CMO
Thomas Kell Montag Co-Chief Operating Officer
Paul M. Donofrio Chief Financial Officer
Thomas J. May Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BANK OF AMERICA12.66%267 941
JP MORGAN CHASE & COMPANY11.29%355 896
INDUSTRIAL AND COMMERCIAL BANK OF CHINA7.75%284 965
CHINA CONSTRUCTION BANK CORPORATION10.05%216 834
WELLS FARGO-1.13%207 504
BANK OF CHINA LTD4.99%191 358