Bank of America Related Content

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

Top Five Printing Equipment Lenders Account for 68.2% of January Total

The top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 107 printing equipment related filings during the month of January 2018. read more

Goldman, Citi, JPMorgan Hold Largest Share of Fintech Funding

According to a report issued by the Digital Journal, Goldman Sachs, JPMorgan Chase and Citi have the largest U.S. bank share of disclosed investments to fintech startups. read more

Bank of America Q4 Earnings Hurt By Tax Legislation

Bank of America reported Q4/17 net income of $2.4 billion, down from $4.5 billion a year earlier. The bank noted it took a Q4 charge of $2.9 billion related to the Tax Cuts and Jobs Act. read more

BofA: Small Businesses Optimistic as Confidence Surges

According to a Bank of America survey, small business owners are optimistic their year-end revenue will surpass 2016 as confidence in the economy has surged on expectation that economy will improve in the year ahead. read more

Passwords Are Unsafe in Digital Banking Says BofA Executive

Michelle Moore of Bank of America, told the Charlotte Observer that the use of user IDs and passwords to access bank accounts online is an antiquated system. read more

United Rentals Enters Lender Joinder Agreement with Bank of America

Bank of America agreed to provide $500 million in revolving credit commitments to equipment rental company United Rentals as part of a lender joinder agreement. read more

Textainer Refinances $1.2B Warehouse Financing Facility

Intermodal lessor Textainer Group announced an subsidiary of the company closed on a refinancing to extend its term loan and lower the rate on it warehouse facility to acquire containers. read more

Berkshire Realizes $11.7B Profit on Warrant Exercise, Now Largest BofA Shareholder

Bank of America said Berkshire Hathaway exercised its warrants to purchase 700 million shares of common stock. The deal makes Warren Buffett’s Berkshire the largest common shareholder of Bank of America. read more

United Leasing & Finance Secures $350MM Credit Facility with BofA

United Leasing & Finance closed a $350 million, multi-year senior secured revolving credit facility with an accordion expansion to $475 million with Bank of America as agent. read more

Citibank Extends Maturity of Sears $271MM Letter of Credit

Sears amended its $271 million letter of credit with Citibank as administrative agent to extend the maturity date through December 29, 2018. read more

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