Bank of America (BAC) Declares $0.12 Quarterly Dividend; 1.7% Yield

'Speculatively Bullish' Options Activity in Bank of America (BAC) Targets 5% Upside in Shares by Mid-January -Susquehanna

October 24, 2017 2:54 PM EDT

Susquehanna options strategist Alison Edwards notes speculatively bullish options activity in Bank of America (NYSE: BAC), as opening investors purchased ~50k Jan 28 Calls, most for $1.02, targeting 5% upside into mid-Jan.

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U.S. business borrowing for equipment falls 7 percent in Sept.: ELFA

October 23, 2017 3:01 PM EDT

(Reuters) - U.S. companies' borrowing to spend on capital investment fell 7 percent in September from a year earlier, the Equipment Leasing and Finance Association (ELFA) said.

Companies signed up for $8.7 billion in new loans, leases and lines of credit last month, down from $9.4 billion a year earlier. However, their borrowing rose 12 percent from August.

"Third quarter new... More

BofA fortifies online banking with new security layer

October 23, 2017 10:46 AM EDT

(Reuters) - Bank of America Corp (NYSE: BAC) will start using an additional layer of authentication for its online banking services, the Wall Street bank said on Monday, amid a wave of high-profile data breaches at several big U.S. companies.

BofA said it would incorporate Intel Corp's (NASDAQ: INTC) Online Connect... More

UK watchdog fines Merrill Lynch 34.5 million pounds for reporting failure

October 23, 2017 5:28 AM EDT

LONDON (Reuters) - Britain's financial watchdog has fined Bank of America's (NYSE: BAC) Merrill Lynch investment banking arm 34.5 million pounds ($45.5 million) for its third transaction reporting failure in just over a decade.

The Financial Conduct Authority said the bank failed to have adequate oversight arrangements, undertake testing or allocate enough staff to properly meet reporting obligations for derivatives trading between February 2014 and February 2016.

The bank agreed to settle at an early stage in the investigation and... More