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BAC Bank of America Corporation

37.68
-0.64 (-1.67%)
Last Updated: 16:44:20
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bank of America Corporation NYSE:BAC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.64 -1.67% 37.68 38.27 37.375 38.01 14,323,207 16:44:20

Trending: Bank of America Settles Last Major Mortgage- Crisis Suit

07/10/2022 8:21pm

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1443 EDT -- Bank of America Corp. is one of the most talked-about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The bank is settling its last major mortgage-crisis suit, agreeing to pay $1.84 billion to resolve claims by bond insurer Ambac Financial Group Inc. about mortgage-backed securities. Ambac had alleged that Countrywide Financial, the lender Bank of America bought in 2008, made false representations about mortgage loan quality. Bank of America, which previously accrued for certain amounts of the settlement, expects a third-quarter charge of about $354 million. Dow Jones & Co. owns Factiva. (josh.beckerman@wsj.com)

 

(END) Dow Jones Newswires

October 07, 2022 15:06 ET (19:06 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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