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BANK OF AMERICA

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Bank of America : R. Kelly's bank account in the red

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04/18/2019 | 08:31am EDT

R. Kelly is in a financial bind after his failure to pay child support and rent on his infamous studio.

One of Kelly's accounts was left in the red after $150,000 was seized. According to court documents obtained by The Blast, Wintrust Bank contacted one of the singer's creditors to inform them of insufficient funds and balance of negative $13.

The publication stated that Kelly does have two other accounts with Bank of America that holds a total of $154,527.22 combined. However, those accounts were seized by the former landlord, except $625.

The former landlord was awarded a $173,000 judgment, and in turn, subpoenas were sent to Sony, ASCAP, and other accounts where the singer holds money.

The landlord then received $154, 527.22 from Bank of America. But, according to reports, he still wants the remaining balance. As a result, the landlord has requested that the judge release the remaining balance to settle the debt.

© Pakistan Press International, source Asianet-Pakistan

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Financials ($)
Sales 2019 93 042 M
EBIT 2019 38 941 M
Net income 2019 27 164 M
Debt 2019 -
Yield 2019 2,30%
P/E ratio 2019 10,51
P/E ratio 2020 9,58
Capi. / Sales 2019 3,11x
Capi. / Sales 2020 3,04x
Capitalization 289 B
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Technical analysis trends BANK OF AMERICA
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 32,7 $
Spread / Average Target 9,0%
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
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