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Bank of America Corporation (BAC) Holdings Increased by Robeco Institutional Asset Management B.v. - Modern Readers

BAC

Bank of America Corporation (BAC) Holdings Increased by Robeco Institutional Asset Management B.v. says it bought 42,569 shares during the last quarter increasing its holdings in Bank of America Corporation by 2.1%. Advisors Capital Management, LLC currently owns 518,432 shares with a value of $13,137,000. The total value of its holdings increased 4.9%. Advisors Capital Management, LLC expanded its stake by buying 2,143 shares an increase of 0.4% in the quarter.

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Bank of America Corporation (BAC) Position Up in Latest Report from Robeco Institutional Asset Management B.v. Last Quarter

BAC

On October 24, 2017. Bank of America Corporation (BAC) Position Up in Latest Report from Robeco Institutional Asset Management B.v. reports that it raised its position in Bank of America Corporation by 2.1% as reported in a filing on 10/24/2017. Its investment was worth $51,930,000 an increase of 6.7% as of quarter end. Next quarter’s EPS is estimated at $0.46 and the next full year EPS is projected to be $2.17. Short traders are more bearish on the company if you watch the increase in short interest. With short interest at 120,242,149 and short average daily volume at 66,537,020, days to cover is 2.0 and the short interest percentage is 0.06% as of September 29. Roy Scholtz:.

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Wobbling Stocks: Viking Therapeutics, Inc., (NASDAQ: VKTX), Bank of America Corporation, (NYSE: BAC), Yum China Holdings, Inc., (NYSE: YUMC), Energen Corporation, (NYSE: EGN)

BAC

HomeEmerging StocksWobbling Stocks: Viking Therapeutics, Inc., (NASDAQ: VKTX), Bank of America Corporation, (NYSE:... Wobbling Stocks: Viking Therapeutics, Inc., (NASDAQ: VKTX), Bank of America Corporation, (NYSE: BAC), Yum China Holdings, Inc., (NYSE: YUMC), Energen Corporation, (NYSE: EGN). The stock has shown weekly performance of 5.19% and monthly performance stands at 7.99%. Analyst recommendation for this stock stands at 2.1. Energen Corporation, (NYSE: EGN), plunged -1.83% with the closing price of $52.67. The overall volume in the last trading session was 1011974 shares.

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tradingnewsnow.com
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Indigenous-Led Protest Shuts Down Banks in Seattle - Slog - The Stranger

BAC

Four people are locked to two tripods blocking business at the 5th and Olive Bank of America. At 11 o'clock this morning, four people chained themselves to a structure blocking an entrance of the Bank of America on 5th and Olive Street. " The Bank of America protest is just one of 100 demonstrations taking place across Seattle as part of Divest the Globe, a three-day activism campaign organized by Mazaska Talks, an indigenous-led coalition including Lakota educator Matt Remle and Muckleshoot activist Rachel Heaton, with support from 350 Seattle's Alec Connon. Organizer Rachel Heaton told The Stranger that Mazaska Talks—Mazaska being the Lakota term for "shiny metal," as in money—urges people to divest themselves from banks that finance private prisons and pipelines.

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Merrill Lynch Jumps The Gun On Brexit

BAC

Sign up for the Dealbreaker newsletter. XClose Signup Modal. But no matter: Merrill Lynch’s London operation decided to get a head start and began ignoring the European Markets Infrastructure Regulation in early 2014. The bank failed to report 68.5 million exchange traded derivative transactions, starting in Feb. 2014, the U.K.’s Financial Conduct Authority said Monday…. She said the bank told the FCA as soon as it realized that some trades hadn’t been reported as required under the European Markets Infrastructure Regulation.

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dealbreaker.com
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Bank of America fortifies online banking with new security layer

BAC

Bank of America 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. Bank of America fortifies online banking with new security layer. Read more from Reuters. NewsOK highlights articles of interest from selected websites to increase the scope of commentary and coverage available to readers.

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newsok.com
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Eight Miles High & Falling Fast? Corporate Bond Supply to Fade after Record Year

BAC

Bank of America Merrill Lynch credit strategists expect new high-grade corporate bond volume to slide 15% in 2018 to $1.13 trillion from a record estimated at $1.34 trillion this year. The market for new investment-grade bonds could be about to take a dip. In fact, companies sold $120 billion more debt in the third quarter than Bank of America strategists had estimated as they tried to get ahead of the September meeting of the Federal Open Market Committee. ” Given that 57% of share buybacks are funded with debt, the strategists estimate this will lead to a $16 billion cut in new debt.

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UPDATE 1-UK watchdog fines Merrill Lynch 34.5 mln pounds for reporting failure

BAC

LONDON, Oct 23 (Reuters) - Britain's financial watchdog has fined Bank of America's Merrill Lynch investment banking arm 34.5 million pounds ($45.5 million) for its third transaction reporting failure in just over a decade. It was the first enforcement action against a firm for failing to report details of derivatives traded on an exchange under the EU's European Markets Infrastructure Regulation (EMIR), the FCA said. "When we discovered that certain trades had not been fully reported to a trade repository, as required following the introduction of EMIR, we immediately reported the matter to the FCA," the bank said. The bank was fined 13.28 million pounds in April 2015 for failing to accurately report transactions between 2007 and 2014. In August 2006, the watchdog fined Merrill Lynch 150,000 pounds for share trading reporting failures.

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Hot Stock’s Trend Recap: Bank of America Corporation (NYSE: BAC) – Alpha Beta Stock

BAC NDAQ

When stocks are *very* In Play one can see a RVOL of 5 and above. In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday. Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day. This is a problem for day traders and it could mean the difference between a profitable and non-profitable trade.

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alphabetastock.com
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UK financial watchdog fines Merrill Lynch for failing to report transactions

BAC

Britain's financial watchdog has fined Merrill Lynch International £34.5m for failing to report 68.5m exchange traded derivative transactions, in what the watchdog said was the first fine of its kind. The Financial Conduct Authority said the fine was related to unreported transactions that took place between February 12, 2014 and February 6, 2016 and was the first enforcement against a firm for this kind of activity under the European Markets Infrastructure Regulation (EMIR). "We are wholly committed to complying with all applicable regulatory requirements. "We will continue to take appropriate action against any firm that fails to meet requirements.

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breakingnews.ie
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Will banks raise APRs if stripped of legal shield provided by arbitration?

BAC

Will banks raise interest rates on credit cards and other products if they lose a shield from customers' class-action lawsuits? Several big credit card issuers already follow the rule, and they're not charging 3.4 percent more than banks that don't, Cordray said. His result: There was not a strong enough link between credit costs and arbitration requirements to conclude there is any higher cost at non-arbitration banks. Warren asked, among other questions, what impact the arbitration rule would have on customers and on company profits.

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Why Bank of America Corp Stock Is Not Inspiring Investors to Buy or Sell

BAC

Why Bank of America Corp Stock Is Not Inspiring Investors to Buy or Sell. Few assert Bank of America stock is suitable for anyone besides conservative investors. Unfortunately for investors of BAC stock, they own shares in a bank. The financial metrics and the news on BAC stock make the shares a hold.

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FCA fines Merrill Lynch £34.5m over reporting failures - Accountancy Age

BAC

The Financial Conduct Authority has slapped Merrill Lynch with a £34.5m fine for failing to report almost 69 million exchange traded derivative transactions between February 2014 and February 2016. This is the first enforcement action against a business by the watchdog over failing to report transactions of this kind. This is the first enforcement action against a business by the watchdog over failing to report transactions of this kind. Merrill Lynch was previously fined by the FCA on two separate occasions; PwC was recently fined $1m over their audits of Merrill Lynch.

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accountancyage.com
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UK fines Merrill Lynch £34.5mn for unreported deals

BAC

LONDON: Britain’s financial watchdog said Monday it had fined Merrill Lynch International a little over £34.5 million ($45.4 million, 38.6 million euros) for failing to report tens of millions of trades. The Financial Conduct Authority said in a statement that the fine relates to 68.5 million unreported transactions over two years to February 2016 — and follows previous warnings and fines for similar offences. Bank of America Merrill Lynch said in a separate statement that it had self-reported the issue to the UK watchdog, insisting that none of its clients had been financially impacted. “Reporting exchange traded derivative transactions helps authorities assess and address the risk inherent in financial systems caused by a lack of transparency,” the watchdog said.

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brecorder.com
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