Bank of America

Bank of America to Report First-Quarter 2024 Financial Results on April 16

Retrieved on: 
Tuesday, April 9, 2024
Bank of America, ID, Bank, Risk management, Small business, Digital, Cryptocurrency

CHARLOTTE, N.C., April 9, 2024 /PRNewswire/ -- As previously announced, Bank of America will report its first-quarter 2024 financial results on Tuesday, April 16.

Key Points: 
  • CHARLOTTE, N.C., April 9, 2024 /PRNewswire/ -- As previously announced, Bank of America will report its first-quarter 2024 financial results on Tuesday, April 16.
  • Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services.
  • Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
  • For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts .

DataBank Establishes $725 Million Financing to Support the Next Phase of Expansion

Retrieved on: 
Tuesday, April 9, 2024
Bank of America, PUE, Data, Green bond, TD Securities, Nomura Securities, Goldman Sachs, JPMorgan Chase, Power usage effectiveness, CoBank, Acquisition, A.I, Carbon, Preferred Bank, Water, Citizens Bank, RBC Capital Markets, Cryptocurrency

DALLAS, April 9, 2024 /PRNewswire/ -- DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, announced today that it has established a new $725 million credit facility with which to finance its ongoing and future data center construction projects. 

Key Points: 
  • Flexible financing vehicle will allow company to accelerate construction projects to meet surging demand for data center capacity driven by A.I.
  • The new capital will fund ongoing expansion in existing markets including on its campuses in New York, Denver, Minneapolis, Salt Lake City, and Dallas.
  • The financing provides an attractively priced source of capital that is a long-term and scalable solution to meet accelerating demand for capacity within DataBank's footprint.
  • This also will represent DataBank's second green financing, following closely on the heels of the February 2024 Green Bond.

BofA's Erica Surpasses 2 Billion Interactions, Helping 42 Million Clients Since Launch

Retrieved on: 
Monday, April 8, 2024
Bank of America, CIO, Consumer, Risk management, Digital, Partnership, Business, Bank, Small business, Humour, Starbucks, Multimedia, Financial adviser

CHARLOTTE, N.C., April 8, 2024 /PRNewswire/ -- More than 2 billion since 2018. That's how many interactions Bank of America clients have had with Erica®, the most advanced and first widely available virtual financial assistant, since it launched. It took four years to reach 1 billion interactions, since which client engagement has surged, reaching a second billion just 18 months later.

Key Points: 
  • "Erica acts as both a personal concierge and mission control for our clients," said Nikki Katz, Head of Digital at Bank of America.
  • "Erica meets clients where they are and when they need us, and has become a true guide by their side."
  • To date, Erica has responded to 800 million inquiries from over 42 million clients and provided personalized insights and guidance over 1.2 billion times.
  • For example:
    Out of more than 30 proactive insights Erica provides to clients, the top insights include:
    When clients ask Erica for assistance, common inquiries include:
    More than 98% of clients get answers they need from Erica within 44 seconds, on average.

Ibotta Files Registration Statement for Proposed Initial Public Offering

Retrieved on: 
Friday, March 22, 2024
BofA Securities, JMP, UBS, Exchange, Goldman Sachs, Wells Fargo, Form, Telephone, Sale, Attention, Prospectus, Bank of America, Evercore, Security (finance)

DENVER, March 22, 2024 (GLOBE NEWSWIRE) -- Ibotta, a leading technology company providing digital promotions and performance marketing solutions, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

Key Points: 
  • DENVER, March 22, 2024 (GLOBE NEWSWIRE) -- Ibotta, a leading technology company providing digital promotions and performance marketing solutions, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
  • The number of shares to be offered and the price range for the proposed offering have not yet been determined.
  • Ibotta intends to list its Class A common stock on the New York Stock Exchange under the symbol "IBTA."
  • Citizens JMP, Needham & Company and Raymond James will act as co-managers for the proposed offering.

PIMCO Hires Giorgio Cocini as Managing Director

Retrieved on: 
Friday, March 22, 2024
Bank of America, Growth, Goldman Sachs, Bank, Insurance, PIMCO, Bocconi University

NEWPORT BEACH, Calif., March 22, 2024 (GLOBE NEWSWIRE) -- PIMCO, one of the world’s premier fixed income investment managers with deep expertise in public and private markets, has appointed Giorgio Cocini as a Managing Director in a new position overseeing PIMCO’s business in Italy, France and Iberia.

Key Points: 
  • NEWPORT BEACH, Calif., March 22, 2024 (GLOBE NEWSWIRE) -- PIMCO, one of the world’s premier fixed income investment managers with deep expertise in public and private markets, has appointed Giorgio Cocini as a Managing Director in a new position overseeing PIMCO’s business in Italy, France and Iberia.
  • He will report to Craig Dawson, Managing Director and PIMCO’s Head of Europe, Middle East and Africa.
  • Prior to this, he was the bank’s Co‐head of EMEA Financial Institutions Investment Banking and was a Managing Director in Goldman Sachs’ Financial Institutions Group.
  • “Giorgio will be an outstanding addition to our EMEA business leadership, bringing to PIMCO a deep understanding of European financial markets,” said Emmanuel Roman, Managing Director and PIMCO’s Chief Executive Officer.

Lambent Adds Three Commercial Real Estate Pros to its Board of Advisors

Retrieved on: 
Tuesday, March 19, 2024
Deutsche Bank, Bank of America, FREC, American Express, Business transaction management, Bank of the West, Connection, Real estate, Organization, OpenAI, Advisory board, Compass Group, Education, Central Waqf Council, Bank, Learning, Head, Rock, Student, Corporate real estate, Workplace, Grammarly, Yahoo!, Fidelity Investments, Rationalization, Cushman & Wakefield, MUFG Union Bank, Investment, Uber, Work, HP, Property management

In their roles, Hawkins, Heidelberger and Rock will help Lambent expand on its success optimizing real estate portfolios in corporate real estate and higher education and providing employees, students and visitors with more productive experiences.

Key Points: 
  • In their roles, Hawkins, Heidelberger and Rock will help Lambent expand on its success optimizing real estate portfolios in corporate real estate and higher education and providing employees, students and visitors with more productive experiences.
  • Heidelberger was formerly the Head of Fidelity Real Estate Company (FREC), the corporate real estate division of Fidelity Investments.
  • Prior to Fidelity, Heidelberger led the Global Real Estate and Workplace Experience division for American Express and was Managing Director and Global Lead of Real Estate and Transaction Management at Deutsche Bank.
  • Previously, she served as Head of Enterprise Business Services and Real Estate at Bank of the West, Head of Global Real Estate at HP, and Head of Corporate Real Estate at MUFG Union Bank.

Cytek® Biosciences Names William McCombe Chief Financial Officer

Retrieved on: 
Tuesday, March 19, 2024
Bank of America, Financial management, Growth, EVP, CFO, Accounting, Bank, Electronics, Columbia University, University, McCombe, MBA, Bachelor, Morgan Stanley, Commerce, HZO, Maxar Technologies, Management

FREMONT, Calif., March 19, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB) today announced that William (Bill) McCombe has been appointed chief financial officer of the company effective immediately. McCombe brings experience as a public company CFO at both large scale, and smaller, high growth technology companies. He was CFO at Velo3D, a leader in metal 3D printing systems for the aerospace and other industries, CFO at HZO, a leader in delivering protective nano coatings for electronics, and EVP and CFO at Maxar Technologies, a multi-billion-dollar revenue satellite and space imaging company.  

Key Points: 
  • FREMONT, Calif., March 19, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB) today announced that William (Bill) McCombe has been appointed chief financial officer of the company effective immediately.
  • McCombe brings experience as a public company CFO at both large scale, and smaller, high growth technology companies.
  • McCombe has significant experience in financial management, public company reporting and operational finance, and a proven track record of driving growth and building high-performance teams.
  • Jeanmonod served as Cytek’s chief financial officer since 2018.

Outlook Therapeutics® Announces Closing of Private Placement of up to $159 Million

Retrieved on: 
Monday, March 18, 2024
Retina, GMS, Sale, Visium Asset Management, Bevacizumab, Schonfeld Strategic Advisors, Bank of America, Therapy, Security (finance)

ISELIN, N.J., March 18, 2024 (GLOBE NEWSWIRE) -- Outlook Therapeutics, Inc. (Nasdaq: OTLK), a biopharmaceutical company working to achieve the first approval for an ophthalmic formulation of bevacizumab for the treatment of retinal diseases in the US and the EU, today announced that it has closed its previously announced private placement, for upfront gross proceeds of approximately $60 million from the issuance and sale of shares of the Company’s common stock and accompanying warrants, before deducting placement agent fees and offering expenses.

Key Points: 
  • ISELIN, N.J., March 18, 2024 (GLOBE NEWSWIRE) -- Outlook Therapeutics, Inc. (Nasdaq: OTLK), a biopharmaceutical company working to achieve the first approval for an ophthalmic formulation of bevacizumab for the treatment of retinal diseases in the US and the EU, today announced that it has closed its previously announced private placement, for upfront gross proceeds of approximately $60 million from the issuance and sale of shares of the Company’s common stock and accompanying warrants, before deducting placement agent fees and offering expenses.
  • Outlook Therapeutics has the potential to receive additional gross proceeds of up to $99 million upon the full cash exercise of the warrants issued in the private placement, before deducting placement agent fees and offering expenses.
  • The private placement was led by Great Point Partners, LLC, with participation from existing investor GMS Ventures as well as new investors Altium Capital, Armistice Capital, Caligan Partners LP, Schonfeld Strategic Advisors, Sphera Healthcare, Velan Capital, Woodline Partners LP, and an undisclosed life sciences dedicated investor.
  • BofA Securities and BTIG acted as co-placement agents in connection with the financing.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Monday, March 18, 2024
Bank of America, American Express, Citigroup, J. P. Morgan, Financial system, Bank, JPMorgan Chase, BNY Mellon, PNC, Morgan Stanley, Goldman Sachs, SunTrust Banks, Wells Fargo, Regions Financial Corporation, State Street Corporation, Fifth Third Bank

TORONTO, March 18, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05292 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, March 18, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05292 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable April 10, 2024 to shareholders on record as at March 28, 2024.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

North American Financial 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Monday, March 18, 2024
Bank of America, Bank, Citigroup, Scotiabank, JPMorgan Chase, National Bank of Canada, Bank of Montreal, Commerce, Manulife, Goldman Sachs, Sun Life Financial, Wells Fargo, Royal Bank of Canada, Great-West Lifeco, National bank, Toronto-Dominion Bank, Security (finance)

TORONTO, March 18, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually).

Key Points: 
  • TORONTO, March 18, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually).
  • Distributions are payable April 10, 2024 to shareholders on record as at March 28, 2024.
  • Since inception Class A shareholders have received a total of $16.27 per share and Preferred shareholders have received a total of $10.98 per share inclusive of this distribution, for a combined total of $27.25.
  • The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.