Seeking Alpha

Bank of America Corporation (BAC)

  • Fri, May 15, 2:42 PM
  • Sep. 1, 2014, 1:56 AM
  • Sep. 12, 2013, 2:42 AM
  • Sep. 11, 2013, 3:27 AM
  • Sep. 3, 2013, 4:25 AM
  • Aug. 25, 2013, 2:45 AM
  • May 30, 2013, 3:06 AM
    Fiat (FIATY.PK) is reportedly in negotiations with major banks to borrow up to $10B that the Italian carmaker would use to acquire the 41.5% of Chrysler it doesn't own and refinance the two companies' debt at lower interest rates. The banks include Bank of America (BAC), Deutsche Bank (DB), Goldman Sachs (GS) (GS) and BNP Paribas (BNOBF.PK). Fiat's purchase of the holding is being held up by a legal dispute over the value of the stake.
  • Mar. 7, 2013, 5:37 AM
    The WSJ highlights how Bank of America (BAC) made a net profit of around $1.14M on trading options in Constellation Brands (STZ) in the summer, around the time the latter said it was acquiring Crown Imports from AB InBev (BUD) as part of the Belgian brewer's acquisition of full control of Modelo. BofA was an adviser on the Modelo deal and played a crucial role in the funding of both transactions. BofA says that the Chinese wall between different parts of the bank was maintained.
  • Feb. 15, 2013, 7:38 AM
    "The Goldilocks era of post-crisis M&A has never been an if, but a when," says JPMorgan (JPM) vice-chair James Lee. "CEOs are declaring that day has come." Including the Berkshire buy, $40B in deals were announced yesterday and $140B this month. Transaction volume is up 27% Y/Y vs. an 8% slump for 2012. It should mean sweet profits for the newly lean banks.
  • Feb. 1, 2013, 6:00 AM
    The deal to take Dell (DELL) private could reportedly be finalized over the weekend and announced on Monday. As already speculated, Michael Dell will gain majority control, while Silver Lake and Microsoft (MSFT) will become minority shareholders, although there's no word on the final price. Barclays (BCS), Bank of America (BAC), Credit Suisse (CS) and RBC Capital (RY) will provide $15B of debt financing.
  • Dec. 12, 2012, 5:41 AM
    Bank of America (BAC) is reportedly close to selling its 49% stake in its Japanese joint venture with Mitsubishi UFJ Financial (MTU) to the latter company for ¥39B ($471M). The deal could be announced tomorrow. BofA unit Merrill Lynch Japan Securities will continue to provide mutual funds, derivatives and structured products to the JV even after the sale is completed.
  • Oct. 31, 2012, 5:13 AM
    Phillips-Van Heusen (PVH) agrees to acquire Warnaco (WRC) for about $2.9B in cash and stock in a deal that "reunites the House of Calvin Klein." Based on PVH's last closing stock price, the deal is worth $68.43 a share, representing a 34% premium over Warnaco's close on Friday. PVH has also received commitments for $4.33B in financing from Barclays (BCS), BofA (BAC) and Citigroup (C), some of which PVH will use for the merger. (PR)
    | Comment!
  • Sep. 6, 2012, 6:40 PM
    If shareholders crush the Glen-Xstrata merger tomorrow, the pain will be deep for the 10 investment banks that worked on the deal. BNP Paribas, which advised Glencore, would suffer the steepest fall in the global M&A adviser rankings, sliding from no. 14 to no. 23; BofA (BAC), which wasn’t on the deal, would benefit most, rising from no. 8 to no. 4.
    | Comment!
  • Aug. 13, 2012, 3:48 AM
    Bank of America (BAC) agrees to sell Merrill Lynch's private bank outside the U.S. to Switzerland's Julius Baer for 1.47B Swiss francs ($1.5B). The deal is the latest in a series of divestitures from BofA, which needs a strong cash position to meet Basel III requirements and to pay for all its legal liabilities.
  • Aug. 10, 2012, 9:48 AM
    Bank of America (BAC) is nearing the inking of a deal to sell its ex-U.S. Merrill Lynch wealth management business, reports Bloomberg, with an announcement coming as soon as Monday. The price tag has previously been pegged in the $1.5-2B range.
  • Jun. 19, 2012, 9:34 AM
    Julius Baer confirms a report that it's in discussions with BofA (BAC) about buying Merrill Lynch's non-U.S. wealth management ops. "Given the early stage of these discussions, the outcome is entirely open," the Swiss firm says. Any deal for the unit, which could be worth up to $2B, would add to the trend of big banks shedding assets to build capital.
    | Comment!
Visit Seeking Alpha's
BAC vs. ETF Alternatives
Company Description
Bank of America Corporation is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and non-banking financial services and products throughout the United States and in selected international markets.