Bank of America Related Content

BofA Shores Up Provision for Credit Losses by 380% as Net Income Declines by 45%

Bank of America reported Q1/20 net income of $4.0 billion, down 45% from $7.3 billion in Q1/19. Nonperforming loans increased $504 million from Q4/19, primarily driven by $353 million increase in commercial loans. read more

BofA Agents $400MM Ryder Term Loan

Ryder System entered into a new 364-day unsecured syndicated term loan totaling $400 million with a syndicate of eight large financial institutions led by Bank of America as administrative agent. read more

BofA Loan & Lease Balances Up 6% in Q4/19

Bank of America reported average loan and lease balances in its business segments rose $54 billion, or 6%, to $936 billion. Commercial loans were up 6%. read more

Stonebriar Amends $1B Revolver with Bank of America

Commercial finance company Stonebriar Commercial Finance extended and amended certain terms of its existing $1 billion revolver with Bank of America as agent on the facility. read more

Ramos Joins Bank of America Board of Directors

The Bank of America Board of Directors appointed Denise L. Ramos as a director. Ramos retired in 2019 as the CEO, president and a director of ITT, Inc., after serving in those roles since 2011. read more

BofA Business Capital Names Benefield Natl Marketing Manager

Seth Benefield was appointed national marketing manager for Bank of America Business Capital. read more

BofA First Quarter 2019 Sees 6% Growth in Net Income Y/Y

Bank of America released its financial results for the first quarter of 2019, reporting a net income of $7.3 billion, an increase of 6% year over year. read more

BofA Ranked Top Financial Institution in 2019 LinkedIn Top Companies list

Bank of America was today ranked the top financial institution in the 2019 LinkedIn Top Companies list. This is the first time the bank has been included in the fourth annual list that recognizes the 50 most sought-after places to work in the U.S. read more

Bank of America Names Foster North Bay Market President

Bank of America named Private Bank senior vice president Jason Foster its market president for the North Bay counties of Marin, Napa and Sonoma, CA. read more

Small Businesses Expanding, Competition for Talent Intensifies

The U.S. small business sector looks to end 2018 on a high note, with most entrepreneurs reporting anticipated year-over-year revenue growth and more indicating plans to hire and expand in 2019, according to the fall 2018 Bank of America Business Advantage Small Business Owner Report. read more

Bank of America Beats the Street, Q3 Earnings up 32%

Bank of America reported its Q3/18 net income was up 32% to $7.2 billion, driven by strong operating leverage and asset quality, as well as the benefit of tax reform. ESP of $0.66 beat estimates of $0.62 per share. read more

BofA Agents $1.4B Global Revolver for Ryder

Ryder System established a new $1.4 billion five-year global revolving credit facility which will expire on September 27, 2023. read more

Stonebriar Closes $500MM Revolving Credit Facility Led by Bank of America

Stonebriar Commercial Finance closed a new $500 million revolving credit facility. The facility will provide Stonebriar with committed, multi-year funding for each of its four business platforms – General Equipment, Rail Leasing, Aviation Capital and Real Estate. read more

Wabtec Enters New Financing Agreements for GE Transportation Merger

Wabtec entered into new financing arrangements in connection with its pending merger with GE Transportation.  read more

Bank of America Reports Record Q1/18 Earnings

Bank of America reported Q1/18 net income was up 30% from $5.3 billion to a record $6.9 billion. Nonperforming assets of $6.7 billion were down 12.3% from $7.6 billion a year earlier. read more

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