BofA resubmits capital plan to Fed


"The third party review has been completed and resulted in additional adjustments that had a de minimis effect (less than one basis point reduction) on the Corporation’s reported regulatory capital ratios for the period ended September 30, 2013, and no effect on such ratios for the period ended March 31, 2014."

The Fed has up to 75 days to review the resubmission.

BAC +1.4% premarket

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Comments (9)
  • Eightball
    , contributor
    Comments (194) | Send Message
     
    Good news!
    27 May 2014, 08:39 AM Reply Like
  • Nasty_nas
    , contributor
    Comments (72) | Send Message
     
    Was it much ado about nothing?!?
    Yes it was as always.
    27 May 2014, 08:48 AM Reply Like
  • funfundvierzig
    , contributor
    Comments (4372) | Send Message
     
    Proponents and protectors of BAC Management are continuously contending over the internet that every crash on the road, every swerve into the river for this beleaguered Bank is "de minimis", insignificant. Trouble is when you add up all the "de minimis" frauds and broken laws and "accounting errors", you come up with colossal mess which will smother this Bank and its bumbling bosses for years to come. …funfun..
    27 May 2014, 10:18 AM Reply Like
  • A Newell
    , contributor
    Comments (508) | Send Message
     
    So do we finally get a decent dividend again???
    27 May 2014, 10:59 AM Reply Like
  • gwynfryn
    , contributor
    Comments (6445) | Send Message
     
    BAC is never going to pay a divided I'd think of as "decent", at least, not in my life time! Don't you agree that "decent" in this context means at least "better than inflation"?
    27 May 2014, 12:23 PM Reply Like
  • A Newell
    , contributor
    Comments (508) | Send Message
     
    What I mean is enough so that the general investing public will at least consider this stock again. Then the stock price may indeed rise to $20. But, probably not until that time.
    28 May 2014, 10:09 AM Reply Like
  • gwynfryn
    , contributor
    Comments (6445) | Send Message
     
    So how much will that be? Some here get exited about an extra cent on the dollar, but I doubt that'd grab much attention from the public at large!
    28 May 2014, 10:35 AM Reply Like
  • KenFF
    , contributor
    Comments (73) | Send Message
     
    I don't care about a dividend .... if the stock makes $20!
    27 May 2014, 01:42 PM Reply Like
  • siculus01
    , contributor
    Comments (146) | Send Message
     
    <<"The third party review has been completed and resulted in additional adjustments that had a de minimis effect (less than one basis point reduction) on the Corporation’s reported regulatory capital ratios for the period ended September 30, 2013, and no effect on such ratios for the period ended March 31, 2014."The Fed has up to 75 days to review the resubmission.>>

     

    IT WOULD BE NICE IF THE BLOG WOULD BE WRITTEN IN ENGLISH. However, I am very impressed that the author knows some Latin words (de minims)
    27 May 2014, 07:37 PM Reply Like
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