Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans [CNBC]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: CNBC
The Federal Reserve and the Federal Deposit Insurance Corporation said that the so-called living wills — plans for unwinding huge institutions in the event of distress or failure — of Citigroup JPMorgan Chase Goldman Sachs and Bank of America filed in 2023 were inadequate. Regulators found fault with the way each of the banks planned to unwind their massive derivatives portfolios. Derivatives are Wall Street contracts tied to stocks, bonds, currencies or interest rates. For example, when asked to quickly test Citigroup's ability to unwind its contracts using different inputs than those chosen by the bank, the firm came up short, according to the regulators. That part of the exercise appears to have snared all the banks that struggled with the exam. “An assessment of the covered company's capability to unwind its derivatives portfolio under conditions that differ from those specified in the 2023 plan revealed that the firm's capabilities have material limitations,” regulators sa
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- Goldman Sachs was the ‘worst hit' in the Fed's latest stress test of big banks. Bank of America still lists it as a buy [Fortune]Fortune
- Tiptop leverages 'bank accounts' Americans didn't know they had Thu, Jun 27, 2024, 7:13 PM GMT+2 0 Video Transcript Advertisement Up next Top 5 money objectives of Bank of America's digital customers Thu, Jun 27, 2024, 7:08 PM GMT+2 0 In this article:Acquire Media Monitor
- Top 5 money objectives of Bank of America's digital customers [Yahoo! Finance]Yahoo! Finance
- Digital banking trends: How clients access accounts [Yahoo! Finance Canada]Yahoo! Finance Canada
- Digital banking trends: How clients access accounts Thu, Jun 27, 2024, 6:36 PM GMT+2 0 Video Transcript Advertisement Up next Pending home sales dip, but are there signs of a turning point? Thu, Jun 27, 2024, 6:27 PM GMT+2 0 Video Transcript AdvertisementAcquire Media Monitor
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 6/26/24 - Form FWP
- 6/25/24 - Form 424B2
- 6/24/24 - Form FWP
- BAC's page on the SEC website