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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 : reaches $190 million mortgage settlement

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05/02/2016 | 05:56pm EDT
File photo of the Bank of America logo at their offices at Canary Wharf financial district in London

(Reuters) - Bank of America Corp reached a $190 million settlement with a federal home loan bank over four mortgage-related complaints, according to a securities filing on Monday.

The bank had accrued "substantially all" of the settlement amount previously, Bank of America said in a filing with the U.S. Securities and Exchange Commission. The settlement was dated on April 25.

The litigation was started by the Federal Home Loan Bank of Seattle, which later merged into the Federal Home Loan Bank of Des Moines.

A spokeswoman for the merged entity referred Reuters to another securities filing showing it had reached a settlement with an unnamed bank on April 25, but declined to say whether it was with Bank of America.

(Reporting by Dan Freed; Editing by Sandra Maler)

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Financials (USD)
Sales 2020 86 727 M - -
Net income 2020 14 012 M - -
Net Debt 2020 - - -
P/E ratio 2020 15,4x
Yield 2020 2,96%
Capitalization 212 B 212 B -
Capi. / Sales 2020 2,44x
Capi. / Sales 2021 2,45x
Nbr of Employees 213 000
Free-Float 99,8%
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Technical analysis trends BANK OF AMERICA CORPORATION
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 28,42 $
Last Close Price 24,47 $
Spread / Highest target 55,3%
Spread / Average Target 16,1%
Spread / Lowest Target -6,01%
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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