Bank of America (BAC) Posts Q1 EPS of 20c/Share, Missing Expectations
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UBS Reiterates Buy on Bank of America (BAC) Following 1Q Report
April 15, 2016 7:30 AM EDTUBS maintained a Buy rating and $18.00 price target on Bank of America (NYSE: BAC) following the company's 1Q earnings report. Management's view that credit quality outside of energy remains strong should provide some relief to investors that had been worried about a broader... More
Bank of America (BAC) Confirms Resolution Plan Was Not Credible
April 13, 2016 5:37 PM EDTBank of America (NYSE: BAC) filed an 8-K confirming that its Federal Reserve, FDIC resolution plan was deemed not credible or would not facilitate an orderly resolution under the U.S. Bankruptcy Code
From the filing:
On July 1, 2015, Bank of America Corporation (the "Corporation") submitted a resolution plan (the 2015 Plan) as required by the Joint Resolution Plan Rule of the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation (together, the "Agencies") under... More
