Destroying Bank Of America (BAC) While Saving It
Get Alerts BAC Hot Sheet
Price: $37.91 -1.07%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.8%
EPS Growth %: -11.7%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.8%
EPS Growth %: -11.7%
Join SI Premium – FREE
From 247wallst.com
While the battle between Bank of America (NYSE: BAC) CEO Ken Lewis and former Merrill Lynch CEO John Thain goes on over who knew about large bonuses and large losses and when they knew it, recent news that the bank will get $20 billion from the federal government along with $108 billion in loss guarantees has almost been forgotten. Much of the paper being supported by the government came from the Merrill acquisition.
The latest chapter in the blood sport between the two executives is a report that Bank of America was aware of $5.8 billion in bonuses going B of A and Merrill employees. Lewis had hinted that he was a bit in the dark about the arrangement.
Continue Reading at 247wallst.com>>>>
While the battle between Bank of America (NYSE: BAC) CEO Ken Lewis and former Merrill Lynch CEO John Thain goes on over who knew about large bonuses and large losses and when they knew it, recent news that the bank will get $20 billion from the federal government along with $108 billion in loss guarantees has almost been forgotten. Much of the paper being supported by the government came from the Merrill acquisition.
The latest chapter in the blood sport between the two executives is a report that Bank of America was aware of $5.8 billion in bonuses going B of A and Merrill employees. Lewis had hinted that he was a bit in the dark about the arrangement.
Continue Reading at 247wallst.com>>>>
You May Also Be Interested In
- Popular stocks with increasing volume: BAC F MARA PLTR SNAP PEP BA AAL SOFI IBM
- 10 analysts discuss Meta Platforms (META) stock after earnings selloff
- Blackstone (BX) to Acquire Tropical Smoothie Cafe
Create E-mail Alert Related Categories
Contributors, Insiders' BlogRelated Entities
John A. ThainSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!