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

Delayed Quote. Delayed  - 09/23 10:00:20 pm
15.52 USD   -0.51%
04:18a BANK OF AMERICA : awards $205,000 to 10 local nonprofits
03:38a NEW RESOURCE BA : Announces Three New Board Members
02:38a BANK OF AMERICA : Revenue Is Trending Lower
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Bank of America Corp : Qatar's Sovereign Fund Has Bank of America Stake Worth About $1 Billion -FT

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10/31/2013 | 12:27am CEST

Qatar's sovereign wealth fund, the Qatar Investment Authority, owns Bank of America Corp. (BAC) shares worth about $1 billion, the Financial Times reported Wednesday.

The fund's Qatar Holding arm began buying shares about two years ago and bought more last year when the stock price was in the $7 to $8 range, the FT reported, citing a person close to the fund.

Bank of America shares closed Wednesday at $14.17, up 2 cents.

The FT report noted that the stake, which represents less than a 1% interest, falls below the 5% level that would require disclosure under U.S. regulations.

Full story at: www.ft.com

Write to nymonitoring@dowjones.com

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Financials ($)
Sales 2016 81 742 M
EBIT 2016 26 013 M
Net income 2016 13 716 M
Debt 2016 -
Yield 2016 1,61%
P/E ratio 2016 12,37
P/E ratio 2017 10,07
Capi. / Sales 2016 1,94x
Capi. / Sales 2017 1,84x
Capitalization 158 378 M
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 17,4 $
Spread / Average Target 12%
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Managers
NameTitle
Brian T. Moynihan Chairman, President & Chief Executive Officer
Thomas Kell Montag Chief Operating Officer
Paul M. Donofrio Chief Financial Officer
Thomas J. May Independent Director
Frank P. Bramble Independent Director
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