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

BANK OF AMERICA CORPORATION

(BAC)
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Bank of America Corp : BofA to Pay $20 Million to Settle Muni Case -Reuters

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12/04/2013 | 06:43pm EDT

Bank of America Corp. (BAC) has agreed to pay $20 million to settle a lawsuit in which investors alleged the bank conspired to fix prices and manipulate markets for municipal derivatives, Reuters reported Wednesday on its website, citing a filing in a Manhattan court.

Plaintiffs in the suit, which included the city of Baltimore, the Central Bucks School District and Bucks County Water & Sewer Authority, maintained that Bank of America's actions violated antitrust law and resulted in the plaintiffs receiving lower interest rates. A spokesman for the bank declined comment to Reuters.

Full story at: www.reuters.com/article/2013/12/04/us-bankofamerica-settlement-bonds-riggin-idUSBRE9B319B20131204

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Financials (USD)
Sales 2020 86 676 M - -
Net income 2020 14 060 M - -
Net Debt 2020 - - -
P/E ratio 2020 15,0x
Yield 2020 3,02%
Capitalization 207 B 207 B -
Capi. / Sales 2020 2,39x
Capi. / Sales 2021 2,41x
Nbr of Employees 213 000
Free-Float 99,8%
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Technical analysis trends BANK OF AMERICA CORPORATION
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 28,42 $
Last Close Price 23,94 $
Spread / Highest target 58,7%
Spread / Average Target 18,7%
Spread / Lowest Target -3,93%
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
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