'Speculatively Bullish' Options Activity in Bank of America (BAC) Targets 5% Upside in Shares by Mid-January -Susquehanna
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Bank of America (BAC) Declares $0.12 Quarterly Dividend; 1.7% Yield
October 25, 2017 11:54 AM EDTBank of America (NYSE: BAC) declared a quarterly dividend of $0.12 per share, or $0.48 annualized.
The dividend will be payable on December 29, 2017, to stockholders of record on December 1, 2017, with an ex-dividend date of November 30, 2017.
The annual yield on the dividend is 1.7... More
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 EDTLONDON (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
Cisco buys BroadSoft for $1.71 billion in software push
October 22, 2017 8:53 PM EDTBy Liana B. Baker and Munsif Vengattil
(Reuters) - Cisco Systems Inc (NASDAQ: CSCO) will buy software company BroadSoft Inc (NASDAQ: BSFT) for $1.71 billion, it said on Monday, in a deal that boosts Cisco's collaboration tools and helps the company diversify its offerings away from switching and routing.
Shares in BroadSoft, which specializes in software used by major cable and telecommunications networks, rose 1.35 percent after Cisco offered $55 per share for the company, giving shareholders a premium of 2 percent to last Friday's closing share price.
... More