UBS Says Bank of America (BAC) Weakness is Due to Energy Exposure Concerns - Cuts PT to $18
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BofA Merrill Lynch Fund Manager Survey Finds Investors Significantly Less Confident in Global Economic Outlook
January 20, 2016 8:30 AM ESTCash Allocations Rise, Equities Cut Sharply
NEW YORK--(BUSINESS WIRE)-- With increasing concern over Chinas growth, investors are significantly less confident in the global economic outlook, according to the BofA Merrill Lynch Fund Manager Survey for January. Allocations to equities have fallen sharply, while cash holdings have risen.
A net 8 percent of fund managers see the global economy strengthening over the next 12 months the surveys lowest reading on this measure since 2012. Despite this, just 12 percent believe a global recession will occur in the next 12... MoreMore Than 100 FIDO Certified Products Fuel Global Adoption of FIDO Strong Authentication
January 19, 2016 11:00 AM ESTMOUNTAIN VIEW, CA -- (Marketwired) -- 01/19/16 -- The FIDO (Fast IDentity Online) Alliance (https://www.fidoalliance.org/), creators of the only cross-industry strong authentication technology standard, today announced that more than 100 solutions are now FIDO Certified. Hundreds of millions of end-users' desktop and mobile apps have FIDO-enabled authentication protection available from leading service providers, including... More
Bank of America Reports Q4-15 Net Income of $3.3B, EPS of $0.28
January 19, 2016 6:50 AM ESTFull-Year 2015 Net Income of $15.9B, EPS of $1.31(1)
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Bank of America (NYSE: BAC):
Financial Highlights2 Â Â Â Â Â Â Â Â Â Â Â Â Business Highlights2 ÂConsumer Banking
Revenue, net of interest expense, (FTE basis) up 4% to $19.8B(A)
... More