|Bid||0.00 x 3200|
|Ask||0.00 x 1200|
|Day's range||30.05 - 30.39|
|52-week range||17.95 - 35.45|
|Beta (5Y monthly)||1.60|
|PE ratio (TTM)||16.08|
|Earnings date||15 Apr 2021|
|Forward dividend & yield||0.72 (2.33%)|
|Ex-dividend date||04 Mar 2021|
|1y target est||36.15|
On June 2, Bank of America made a $1 billion, four-year commitment to advance racial equality and economic opportunity, of which $200 million was allocated to support Black, Hispanic-Latino, other under-represented minority and women entrepreneurs. Today, Bank of America announced it will invest approximately $150 million in 40 funds, based in 21 markets across the U.S. These investments will underscore Bank of America’s ongoing efforts to address the persistent gap in access to growth capital for minority-led businesses.
Is (BAC) Outperforming Other Finance Stocks This Year?
(Bloomberg) -- Talal Ghandour, one of Bank of America Corp.’s longest-serving senior executives in the Middle East, is leaving the U.S. firm after 22 years.Ghandour, who was a Dubai-based managing director, plans to join his family business, according to an internal memo seen by Bloomberg News. He most recently led the bank’s equities unit in the Middle East and North Africa, where he helped build one of the biggest regional franchises of any Wall Street firm.Bank of America has appointed Ali Hobballah to assume overall responsibility for the MENA equities business after the departure, according to the memo. He will also continue to head trading and risk. Deepak Abraham will oversee equity distribution in the region, while Samer Sbeih will lead the MENA cash equity sales effort, reporting to Abraham, the memo shows.A representative for Bank of America confirmed the contents of the memo.Bank of America has made some changes to its leadership team in recent months as it seeks to further expand in the oil-rich region. It appointed Andree Chakhtoura to head investment banking in the Middle East and North Africa, Bloomberg News reported in March. Wadih Boueiz, the bank’s global head of sovereign wealth funds and pension investors, also left last year.The firm has advised on some of the Middle East’s largest deals, including Saudi Aramco’s record-breaking initial public offering and its $69 billion takeover of petrochemicals giant Sabic. The firm also worked with Abu Dhabi National Oil Co. last year on its sale of a $10 billion stake in its network of gas pipelines.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.