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The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank ...
Berkshire Hathaway's stake in Bank of America can increase to as much as 24.9%, per the Federal Reserve Bank of Richmond, without it being considered a bank holding company -- and its current ...
Bank of America Corp (NYSE:BAC) reported better-than-expected earnings for its first quarter on April 16. The Charlotte, North Carolina-based bank posted quarterly adjusted net income of $7.2 ...
In fact, Bank of America shares dropped as low as $2.53 in early 2009 as investors questioned whether the company could avoid bankruptcy or total nationalization.By the beginning of 2016, Bank of ...
The debt service coverage ratio (DSCR), also known as "debt coverage ratio" (DCR), is a financial metric used to assess an entity's ability to generate enough cash to cover its debt service obligations, such as interest, principal, and lease payments. The DSCR is calculated by dividing the operating income by the total amount of debt service ...
Tier 1 capital is the core measure of a bank 's financial strength from a regulator 's point of view. [note 1] It is composed of core capital, [1] which consists primarily of common stock and disclosed reserves (or retained earnings), [2] but may also include non-redeemable non-cumulative preferred stock. The Basel Committee also observed that ...
Iridium's big stock buyback. Last week, Iridium announced that its board of directors has approved a plan to buy back as much as $500 million worth of its own shares -- the company's fourth such ...
Merrill Lynch & Co., formally Merrill Lynch, Pierce, Fenner & Smith Incorporated, was a publicly-traded American investment bank that existed independently from 1914 until January 2009 before being acquired by Bank of America and rolled into BofA Securities. The firm engaged in prime brokerage and broker-dealer activities and was headquartered ...