Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Bank of America Corporation    BAC

BANK OF AMERICA CORPORATION

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

Bank of America could pay at least $12 billion to settle probes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/05/2014 | 08:34pm EST
 A Bank of America sign is shown on a building in downtown Los Angeles, California

(Reuters) - Bank of America Corp (>> Bank of America Corp) could pay more than $12 billion to settle probes by the U.S. Justice Department and a number of states into the bank's alleged handling of shoddy mortgages, the Wall Street Journal said on Thursday, citing people familiar with the negotiations.

(Reuters) - Bank of America Corp (>> Bank of America Corp) could pay more than $12 billion to settle probes by the U.S. Justice Department and a number of states into the bank's alleged handling of shoddy mortgages, the Wall Street Journal said on Thursday, citing people familiar with the negotiations.

At least $5 billion of that amount is expected to go toward consumer relief consisting of help for homeowners in reducing principal amounts and monthly payments, and paying for blight removal in struggling neighborhoods, the paper said, citing people with knowledge about the issue.

A BofA spokesman declined to comment on the issue. The Department of Justice also declined to comment on the matter.(http://link.reuters.com/rap89v)

The second-largest U.S. bank faces multiple government probes over the underwriting, sale and securitization of residential mortgage bonds before the financial crisis.

(Reporting By Sudarshan Varadhan in Bangalore and Daniel Levine in San Francisco)

Stocks treated in this article : Citigroup Inc, JPMorgan Chase & Co., Bank of America Corp
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION 1.75% 33.67 Delayed Quote.34.29%
CITIGROUP INC. 1.47% 75.81 Delayed Quote.43.51%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF AMERICA CORPORATIO
03:11pBANK OF AMERICA : Form of prospectus filed in connection with primary offering o..
PU
12/05Consumer Cos Up Ahead Of Holiday Season -- Consumer Roundup
DJ
12/05BANK OF AMERICA : CEO Brian Moynihan to Participate in the Goldman Sachs U.S. Fi..
AQ
12/05BANK OF AMERICA : Four in Five U.S. Small Business Owners Anticipate Strong Fini..
AQ
12/05BANK OF AMERICA CORPORATION : Ex-dividend day for
FA
12/04BANK OF AMERICA : Four in Five U.S. Small Business Owners Anticipate Strong Fini..
BU
12/04Irish central bank leaves mortgage-lending limits unchanged
RE
12/04BANK OF AMERICA : Form of prospectus filed in connection with primary offering o..
PU
12/03Industrials Down On Trade-Deal Doubts -- Industrials Roundup
DJ
12/03Federal Reserve terminates 2015 forex enforcement action against Bank of Amer..
RE
More news
Financials (USD)
Sales 2019 91 770 M
EBIT 2019 36 629 M
Net income 2019 25 582 M
Debt 2019 -
Yield 2019 1,96%
P/E ratio 2019 12,5x
P/E ratio 2020 11,3x
Capi. / Sales2019 3,30x
Capi. / Sales2020 3,31x
Capitalization 303 B
Chart BANK OF AMERICA CORPORATION
Duration : Period :
Bank of America Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANK OF AMERICA CORPORATIO
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 33,76  $
Last Close Price 33,67  $
Spread / Highest target 33,7%
Spread / Average Target 0,27%
Spread / Lowest Target -16,8%
EPS Revisions
Managers
NameTitle
Brian T. Moynihan Chairman, President & Chief Executive Officer
Catherine P. Bessant Co-COO & Chief Technology Officer
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 AMERICA CORPORATION34.29%297 648
JPMORGAN CHASE & CO.36.30%417 278
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED-1.44%281 687
WELLS FARGO & COMPANY15.52%225 129
CHINA CONSTRUCTION BANK CORPORATION-3.73%200 113
CITIGROUP INC.43.51%163 106