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 : to cut 540 jobs at Charlotte legacy assets unit

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/25/2014 | 08:15pm EST
Customers are seen outside of a Bank of America in Tucson

(Reuters) - Bank of America Corp is laying off 540 workers at its loss-making legacy assets and servicing business, which handles delinquent mortgage loans.

The job cuts would affect about 60 percent of employees at the unit's Charlotte, North Carolina, office who have received 60 days notice, bank spokesman Dan Frahm told Reuters.

Net losses at its Legacy Assets & Servicing business widened by $2.7 billion to $4.9 billion in the three months ended March 31, 2014 compared to the same period in 2013, according to the company's quarterly filing. (http://bit.ly/1yPgQTI)

Employees would have the option to apply for other jobs at the bank, including 150 positions at the Charlotte call center and another 250 open positions in Charlotte, the spokesman said.

The job cuts were first reported by the Charlotte Observer.

(Reporting By Aurindom Mukherjee in Bangalore; Editing by Eric Walsh)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF AMERICA CORPORATIO
02:48aCREDIT MARKETS : New Bond Sales Set Fast Pace In January -- WSJ
DJ
01/24Hunt For Yield Boosts Corporate Bond Sales and Prices--Update
DJ
01/24BANK OF AMERICA CORP /DE/ : Material Modification to Rights of Security Holders,..
AQ
01/24BOEING WEIGHING NEW 787 DREAMLINER P : sources
RE
01/24Boeing weighing new 787 Dreamliner production cut - sources
RE
01/24Hunt For Yield Boosts Corporate Bond Sales and Prices
DJ
01/24BRAZIL INVESTORS POUR RECORD $5.4 BI : Baml
RE
01/24BANK OF AMERICA : Fwp
PU
01/23Exxon Mobil, Bank of America fall; PG&E, Teradyne rise
AQ
01/23BANK OF AMERICA : Investing in Fund to Promote Michigan Business Diversity
DJ
More news
Financials (USD)
Sales 2020 92 151 M
EBIT 2020 38 672 M
Net income 2020 25 773 M
Debt 2020 -
Yield 2020 2,37%
P/E ratio 2020 11,1x
P/E ratio 2021 10,2x
Capi. / Sales2020 3,22x
Capi. / Sales2021 3,15x
Capitalization 296 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
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 36,93  $
Last Close Price 33,54  $
Spread / Highest target 43,1%
Spread / Average Target 10,1%
Spread / Lowest Target -16,5%
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 CORPORATION-4.77%296 364
JPMORGAN CHASE & CO.-4.48%417 560
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED-6.33%285 018
CHINA CONSTRUCTION BANK CORPORATION-4.60%208 546
WELLS FARGO & COMPANY-11.58%196 675
CITIGROUP INC.-1.84%165 795