Bank of America Wins Dismissal of Iranian Discrimination Claims [BNN Bloomberg (Canada)]
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: BNN Bloomberg
The bank didn't violate US civil rights law by cutting off the credit card of Farshad Abdollah-Nia, an Iranian postdoctoral fellow in San Diego with permanent-resident status, a federal judge ruled Tuesday. The judge also rejected class-action status for the suit, which alleges the lender restricted or closed accounts of as many as 15,000 Iranian Americans. BofA had argued Nia failed to provide documentation proving he lives outside of Iran, which was needed to avoid violating US sanctions in financial dealings. It argued that the US Treasury is “very unforgiving of banks whose deficient sanctions compliance programs lead to violations.” US District Judge Cynthia Bashant ruled BofA acted properly when it froze and then closed Nia's account in 2019. The ruling is a victory for banks, which have latitude in deciding how to follow the complex and changing sanctions imposed by Treasury. Lawyers and consumer advocates say US banks are increasingly reluctant to handle transactions for
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
- Bank of America lays out the exact scenario that could finally pop the stock market's AI bubble [Yahoo! Finance]Yahoo! Finance
- Stock market today: Indexes jump to close best week since November as investors cheer tech earnings [Yahoo! Finance]Yahoo! Finance
- How Advocates Are Making Climate Change A Part Of Everyday Business [Forbes]Forbes
- Hedge Funds Cut Back on ‘Super Peso' Bets in Flash Crash Week [Yahoo! Finance]Yahoo! Finance
- Hedge Funds Cut Back on ‘Super Peso' Bets in Flash Crash Week [BNN Bloomberg (Canada)]BNN Bloomberg
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- BAC's page on the SEC website