BofA (BAC) May Unload Overseas Wealth Management Unit for $1.5B to $2B - CNBC
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Price: $13.24 +0.23%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +5.4%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +5.4%
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Bank of America (NYSE: BAC) shares are flat amid news that it might be in advanced talks with Julius Baer Group to divest its overseas wealth unit.
No official details were released, but CNBC's Kate Kelly was told the unit might go for a price of $1.5 billion to $2 billion.
BofA shares are 0.6 percent lower Monday.
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No official details were released, but CNBC's Kate Kelly was told the unit might go for a price of $1.5 billion to $2 billion.
BofA shares are 0.6 percent lower Monday.
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