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By Janet Levaux |
February 24, 2012
Bank of America said in mid-January that it had net income of $2 billion, or $0.15 per share, for the fourth quarter of 2011 vs. a net loss of $1.2 billion, or $0.16 per share in the same year-ago period, meeting analysts’ expectations.
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By Janet Levaux, AdvisorOne |
February 15, 2012
Brokerage firms in the fourth quarter boosted earnings growth as high as 191% and reported declines as low as 131%–AdvisorOne selected 10 to spotlight.
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By Janet Levaux, AdvisorOne |
January 19, 2012
Bank of America said Thursday that it had net income of $2 billion for the fourth quarter of 2011 vs. a net loss of $1.2 billion in the same year-ago period, meeting analysts’ expectations.
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By Janet Levaux, AdvisorOne |
January 17, 2012
These changes aim to boost business with Bank of America-Merrill's mass-affluent investors who do most of their trading online.
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By Janet Levaux, AdvisorOne |
December 6, 2011
Barry Mitchell joins UBS in New York from BofA-Merrill Lynch, where he managed about $290 million in assets.
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By Janet Levaux |
November 23, 2011
Bank of America reported net income of $6.2 billion, or $0.56 per share, for the third quarter vs. a net loss of $7.3 billion, or $0.77 per share, last year — topping analysts’ estimates by a wide margin. Revenue, net of interest expense (and calculated on a fully taxable-equivalent basis)...
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By Danielle Andrus, AdvisorOne |
November 22, 2011
Spending in the first three quarters increased 12% over the same period in 2010, which was a record year for spending.
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By Joyce Hanson, AdvisorOne |
November 8, 2011
Industry insiders criticized big U.S. banks as being “uninvestable” on Tuesday at the Securities Industry and Financial Markets Association’s (SIFMA) annual meeting in New York.
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By Janet Levaux |
October 13, 2011
The severance package for Sallie Krawcheck, the former head of Merrill Lynch, includes a one-time payment of $5.15 million and $850,000 in payments to be spread out over the next year.
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By Janet Levaux |
September 29, 2011
Bank of America said in early September that wealth-management head Sallie Krawcheck was leaving the company as part of a major reorganization of the bank and its operations.
