Brian Moynihan

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  BofA Beats Estimates, Boosts Advisors and Production

  By Janet Levaux, AdvisorOne  |  April 19, 2012

  The total number of financial advisors at Bank of America rose to 17,512 as average trailing-12-month fees and commissions hits $905,000.

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  BofA CEO Moynihan Rebuts Morgan’s Gorman Over Pay

  By John Sullivan, AdvisorOne  |  January 27, 2012

  In a direct rebuttal to Morgan Stanley CEO James Gorman's opinion that workers upset about pay and bonuses should leave, Bank of America CEO Brian Moynihan said that talks to cut employees' pay are 'honest and open' and that he doesn't share Gorman's opinion.

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  BofA Back in Black as Merrill Hires More FAs: Q4 Earnings

  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.

• Most Earnings Top Estimates on Mixed Advisor-Headcount News

  By Janet Levaux, AdvisorOne  |  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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  BofA Moves to Issue 400M Shares as Stock Weakens

  By Janet Levaux, AdvisorOne  |  November 4, 2011

  Bank of America said Thursday that it might issue 400 million new shares and disclosed plans to exchange preferred securities for a total of $6 billion of common shares and debt, despite repeated statements by CEO Brian Moynihan that it would not issue new shares.

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  Q3 Earnings: BofA Tops Estimates as Merrill Boosts Advisor Count

  By Janet Levaux, AdvisorOne  |  October 18, 2011

  Net inflows of client assets were nearly $2 billion in the third quarter for the wealth-management unit vs. outflows of about $2.5 billion last year.

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  Buffett Jabs Wall St., Saying It ‘Doesn’t Feel Loved’

  By Danielle Andrus, AdvisorOne  |  October 3, 2011

  Wall Street doesn’t feel loved, Warren Buffett told Charlie Rose in an interview on Sept. 30. Buffett noted that some rhetoric from President Barack Obama led to a lack of support from Wall Street.

• Krawcheck Out in BofA Reorg

  By Janet Levaux, AdvisorOne  |  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.

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  BofA to Slash 30,000 Jobs, $5 Billion a Year in Costs

  By Janet Levaux, AdvisorOne  |  September 12, 2011

  BofA's restructuring comes six days after Sallie Krawcheck was let go as head of wealth management, but company says it will continue to hire FAs.

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  Krawcheck Forced Out in BofA Restructuring

  By Janet Levaux, AdvisorOne  |  September 7, 2011

  Bank of America CEO Brian Moynihan said Tuesday that he was reorganizing the bank's management and operating units, removing Sallie Krawcheck as head of the wealth management.