Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Bank of America    BAC

BANK OF AMERICA (BAC)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

City Union Bank down 3% on fraudulent remittances via SWIFT of $2mn

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/19/2018 | 02:15pm CET

City Union Bank has reported three fraudulent remittances amounting to $2mn i.e. ~Rs13cr which was done through SWIFT system, through its filing on exchanges.

The first remittance of $500,000 made through Standard Chartered Bank, New York to a Dubai-based bank was blocked and returned to the bank immediately.

The second remittance of €300,000 was made via Standard Chartered Bank, Frankfurt to a Turkey-based bank. This fund was blocked in beneficiary’s account in Turkish bank.

The third remittance was made via Bank of America, New York for $1mn to a China-based bank. The beneficiary claimed the funds by submitting forged documents.

The bank, with the help of Ministry of External Affairs, Consulate General of Shanghai and Istanbul, is making all diplomatic and legal efforts to repatriate the money, it mentioned in its filing.

The stock of City Union Bank is trading at a price of Rs167.25, down by 3.27% or Rs5.65, on February 19, 2018.

(c) 2018India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF AMERICA
02/19City Union Bank down 3% on fraudulent remittances via SWIFT of $2mn
AQ
02/18BANK OF AMERICA : 10 to Watch is for all Seacoast young professionals
AQ
02/17BANK OF AMERICA : Supporting Women's Economic Empowerment in Turkey
AQ
02/17LIBERTY BANK : CEO Chandler Howard Named Boston Fed Board Member
AQ
02/17BANK OF AMERICA : Michigan man indicted, accused of robbing banks in West Toledo..
AQ
02/16BANK OF AMERICA : 10 to Watch contest kicks off
AQ
02/16BANK OF AMERICA : PORTSMOUTH - Matt Scruton
AQ
02/16Citigroup raises CEO Corbat's pay 48 percent to $23 million
RE
02/16BANK OF AMERICA : President and CEO of NXT-ID, Inc. Talks about New Flip™ ..
PR
02/16BANK OF AMERICA : Glen rock police blotter
AQ
More news
News from SeekingAlpha
02/18Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q4 2017 Update 
02/16Bank CEO pay is up, but less than their stock price 
02/15Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q4 2017 Update 
02/15WALL STREET BREAKFAST : Stocks Unfazed By U.S. Inflation 
02/15Tracking Allan Mecham's Arlington Value Capital Portfolio - Q4 2017 Update 
Financials ($)
Sales 2018 92 396 M
EBIT 2018 38 930 M
Net income 2018 25 443 M
Debt 2018 -
Yield 2018 1,88%
P/E ratio 2018 12,88
P/E ratio 2019 11,34
Capi. / Sales 2018 3,56x
Capi. / Sales 2019 3,41x
Capitalization 329 B
Chart BANK OF AMERICA
Duration : Period :
Bank of America Technical Analysis Chart | BAC | US0605051046 | 4-Traders
Technical analysis trends BANK OF AMERICA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 33,8 $
Spread / Average Target 5,8%
EPS Revisions
Managers
NameTitle
Brian T. Moynihan Chairman, President & Chief Executive Officer
Catherine P. Bessant Co-COO & Chief Technology Officer
Thomas Kell Montag Co-Chief Operating Officer
Paul M. Donofrio Chief Financial Officer
Thomas J. May Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BANK OF AMERICA8.40%328 885
JP MORGAN CHASE & COMPANY7.57%400 788
INDUSTRIAL AND COMMERCIAL BANK OF CHINA10.97%369 967
WELLS FARGO-1.07%293 240
CHINA CONSTRUCTION BANK CORPORATION10.42%288 752
BANK OF CHINA LTD7.81%230 905