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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%
10:24a BANK OF AMERICA : seeks $11,000 in alleged outstanding debt from acc..
09/24 BANK OF AMERICA : Todays Mortgage Rates at Bank of America, TD Sep 4..
09/24 THE LATEST : Protest victim's mother says son was peaceful
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Delaware Judge Says BofA Can Offer $20 Million Lawsuit Settlement For NY Approval -Bloomberg

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05/04/2012 | 09:14pm CEST

A Delaware judge ruled that Bank of America Corp. (>> Bank of America Corp) may offer a proposed $20 million shareholder lawsuit settlement, denying a request from a different shareholder group, which had also sued the bank over the purchase of Merrill Lynch, Bloomberg News reported Friday.

The $20 million proposed settlement with plantiffs who sued Bank of America in New York was announced last month. A Delaware plantiff group has opposed that settlement.

Delaware Chancery Court Judge Leo Strine said in a hearing that "I have no confidence that I have the authority to enjoin parties to a federal proceeding," Bloomberg reported.

Full story at http://www.bloomberg.com/news/2012-05-04/bofa-can-offer-merrill-settlement-for-approval-in-n-y-.html

-Dow Jones Newswires; 212-416-2900

Stocks mentioned in the article : Bank of America Corp
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Latest news on BANK OF AMERICA CORP
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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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