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Bank of America makes a perfect zero – but its healthy businesses are growing

Markets groaned at Bank of America Merrill Lynch’s results yesterday — net income of precisely $0.00 a share — then smiled at them, before deciding by the end of the day that they didn’t care. The bank’s share price fell by 1.5%, then was up by a similar amount, before ending the day unchanged at $9.44.

  • 18 Oct 2012

The bank actually made net income of $340m in the third quarter, but this was so clouded in adjustments that investors understandably took a while to unpick the real trends. Before tax, profit was $1.11bn, down from $3.1bn in the previous quarter and $7.4bn a year ago.

Profit was ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 UniCredit 8,974.41 77 5.90%
2 HSBC 8,592.02 43 5.65%
3 LBBW 8,280.86 47 5.44%
4 Barclays 6,490.00 33 4.26%
5 Natixis 6,473.22 31 4.25%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Bank of America Merrill Lynch 48,377.80 206 6.35%
2 Citi 46,289.08 242 6.08%
3 JPMorgan 43,272.98 224 5.68%
4 Morgan Stanley 32,027.81 185 4.20%
5 HSBC 31,394.70 193 4.12%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Bank of America Merrill Lynch 39,681.52 169 11.81%
2 Citi 36,163.90 186 10.76%
3 JPMorgan 33,931.52 167 10.10%
4 Morgan Stanley 23,766.77 132 7.07%
5 Wells Fargo Securities 22,356.72 97 6.65%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Natixis 5,346.40 20 6.84%
2 LBBW 5,291.48 20 6.77%
3 HSBC 4,549.39 16 5.82%
4 Deutsche Bank 4,534.04 16 5.80%
5 Credit Agricole CIB 4,493.73 19 5.75%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Barclays 5,933.32 13 16.21%
2 UBS 3,778.43 15 10.32%
3 Credit Agricole CIB 3,549.81 11 9.70%
4 BNP Paribas 2,554.19 12 6.98%
5 HSBC 1,977.94 14 5.40%