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BANK OF AMERICA

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Bank of America : Sets Vote on Moynihan's Role for Sept. 22

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08/13/2015 | 05:26pm EDT

Bank of America Corp. set its special meeting for Sept. 22 for shareholders to vote on whether Chief Executive Brian Moynihan should retain the title of chairman.

The meeting is scheduled to be held at 1 Bank of America Center Auditorium in Charlotte, N.C., at 10 a.m. ET.

The bank's board gave Mr. Moynihan the chairman title last fall, overriding a 2009 rule passed by shareholders during the financial crisis that required the two jobs be held by separate people. To do so, the board also changed the bank's bylaws, aggravating big pension funds and other institutional investors who weren't consulted in advance.

--Christina Rexrode contributed to this story.

Write to Maria Armental at maria.armental@wsj.com

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Financials (USD)
Sales 2019 91 722 M
EBIT 2019 38 496 M
Net income 2019 26 589 M
Debt 2019 -
Yield 2019 2,22%
P/E ratio 2019 10,6x
P/E ratio 2020 9,80x
Capi. / Sales2019 3,03x
Capi. / Sales2020 3,02x
Capitalization 278 B
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Technical analysis trends BANK OF AMERICA
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TrendsBullishNeutralNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 32,87  $
Last Close Price 29,82  $
Spread / Highest target 47,6%
Spread / Average Target 10,2%
Spread / Lowest Target -6,10%
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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