| Price Range 12mo avg: | $700K – $6M |
|---|---|
| $/sf 12mo avg: | $493 |
| CAP Rate 12mo avg: | 5.75% |
| NOI average: | $150,000 |
| Lease Terms: | 15yrs NNN |
| Building Size avg: | 4,353 SF |
| Lot Size avg: | 1+/- acres |
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and o ther financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail banking offices and approximately 15,800 ATMs and award-winning online banking with 31 million active users and approximately 17 million mobile users. Bank of America is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
| S&P Credit Rating: | A- |
|---|---|
| Moody’s Credit Rating: | Baa2 |
| Annual Revenue 2014: | $85.1B |
| Annual Revenue 2013: | $89.8B |
| Revenue Growth: | ↓ 5.37% from 2013 |
| Net Income | $4.83B |
| Units (Mar. 2015) | 5,246 |
| Average Units Volume: | $1.62M |
The results for 2014 included an increase of $10.3 billion in litigation expense primarily as a result of charges related to the settlements with the U.S. Department of Justice (DoJ) and the Federal Housing Finance Agency (FHFA).
Yahoo! Finance: BAC News Latest Financial News for BAC
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Irrational Exuberance? Today’s Wacky Markets Could Be Beyond That.
on April 17, 2021 at 12:55 am
Alan Greenspan’s famous phrase doesn’t do justice to some current developments. Cases in point: a $100 million deli, a desperate reach for yield, and Coinbase’s mega-valuation. […]
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Bank of America tops charts with $15 billion bond deal, the biggest ever from a bank
on April 16, 2021 at 8:53 pm
Major U.S. financial powerhouses Bank of America and JP Morgan are going on a borrowing spree, after reporting blockbuster first-quarter financial results this week, smashing record after record along the way. […]
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3 Big Banks Had Huge Bond Sales This Week. What It Means for Markets.
on April 16, 2021 at 7:49 pm
The three bank's successful bond sales could make it easier for banks to pay dividends and increase buybacks later this year. […]
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Bank of America Joins Post-Earnings Bond Frenzy With Six-Part Debt Offering
on April 16, 2021 at 6:47 pm
(Bloomberg) -- Bank of America Corp. is poised to sell $15 billion of bonds, setting a fresh record for the largest bond sale by a bank just a day after rival JPMorgan Chase & Co. sold what was then the biggest such offering, according to data compiled by Bloomberg.Investors poured about $25 billion of orders into the deal, according to a person with knowledge of the matter, which will help BofA borrow at cheaper rates than it initially offered. JPMorgan raised $13 billion on Thursday.Major U.S. banks are pouncing on historically low rates to replenish capital and to get cheap funding and investors have responded enthusiastically. On Thursday, Goldman Sachs Group Inc. sold $6 billion of notes.Read more: Big Banks Pounce on Cheap Rates as They Bust Bond Market RecordsTreasuries rallied Thursday as JPMorgan and Goldman Sachs were selling debt, driving 30-year rates to the lowest since early March. Corporate bond yields are usually set in terms of their spread to U.S. rates.Bank of America joined other banking giants in reporting strong results from Wall Street operations on Thursday, with revenue from sales and trading rising 17% and equity underwriting fees more than tripling. The bank also released $2.7 billion in credit reserves.The longest portion of the six-part offering on Friday -- a 21-year security -- is set to yield 115 basis points above Treasuries, according to the person, who asked not to be identified as the details are private.Bank of America is the sole bookrunner on the sale, and the proceeds will be used for general corporate purposes, the person said.(Updates with deal size beginning in first paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. […]
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Bank of America to Set Record for Largest Bank Bond Sale at $15 Billion
on April 16, 2021 at 6:13 pm
(Bloomberg) -- Bank of America Corp. is poised to sell $15 billion of bonds, setting a fresh record for the largest bond sale by a bank just a day after rival JPMorgan Chase & Co. sold what was then the biggest such offering, according to data compiled by Bloomberg.Investors poured about $25 billion of orders into the deal, according to a person with knowledge of the matter, which will help BofA borrow at cheaper rates than it initially offered. JPMorgan raised $13 billion on Thursday.Read more: Big Banks Pounce on Cheap Rates as They Bust Bond Market RecordsFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. […]
NYSE: BAC
