Merrill Lynch & Co., Inc.
News and overview for Merrill Lynch & Co., Inc.
Fitch Solutions: Merrill's CDS Liquidity Signaling Financial Sector Stability [Press Release]
Business Wire | 67 days 2 hours 29 minutes ago
With the 2010 earnings season in full swing, tightening spreads for JP Morgan Chase & Co. and Merrill Lynch & Co. Inc. indicate that the markets are keeping a close eye on upcoming reports from both financial institutions, according to Fitch Solutions in its latest update on Global CDS Spreads/Liquidity Scores for companies scheduled to come out with earnings announcements in the coming week.
BlackRock Reports Fourth Quarter Diluted EPS of $1.62 ($2.39 as adjusted) [Press Release]
Business Wire | 52 days 7 hours 12 minutes ago
BlackRock, Inc. (NYSE:BLK) today reported fourth quarter 2009 net income1 of $256 million, up $204 million compared to 2008. The Barclays Global Investors (“BGI”) transaction closed on December 1, 2009 and contributed $94 million to fourth quarter net income, more than offset by a $108 million after-tax expense associated with BGI transaction and integration costs. Operating income was $389 million and non-operating income, net of non-controlling interests, was $17 million. The operating marg...
Zwerling, Schachter & Zwerling, LLP Files Class Action Complaint on Behalf of Investors In Bank of America Corporation's Options - BAC [Press Release]
PRNewswire | 16 days 20 hours 5 minutes ago
NEW YORK, March 3 /PRNewswire/ -- Zwerling, Schachter & Zwerling, LLP ("Zwerling Schachter") announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of all persons and entities that purchased or otherwise acquired Bank of America Corporation ("BAC") call options and/or sold BAC put options between September 15, 2008 and January 22, 2009, inclusive (the "Class Period") to recover damages caused by defendants' violat...
Fitch Upgrades LatAm Walkers Cayman Trust Series 2006-100 [Press Release]
Business Wire | 65 days 10 minutes ago
Fitch Ratings has upgraded the notes issued by LatAm Walkers Cayman Trust series 2006-100 (LatAm Walkers 2006-100) following the upgrade of the reference entity. A detailed list of the rating action follows at the end of this press release.
Bragar Wexler Eagel & Squire, P.C. Announces Filing of Class Action Lawsuit on Behalf of Option Investors Against Bank of America BAC [Press Release]
Business Wire | 64 days 1 hour 12 minutes ago
Bragar Wexler Eagel & Squire, P.C. has filed a class action lawsuit against Bank of America Corp. (“Bank of America”) (NYSE:BAC), Kenneth Lewis and John Thain, among others, in the United States District Court for the Southern District of New York, on behalf of all persons who invested in Bank of America options between September 15, 2008 and January 22, 2009 (inclusive) (the “Class”). This action alleges claims for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934...
Mark Watt Joins William Blair & Company [Press Release]
Business Wire | 15 days 20 hours 25 minutes ago
William Blair & Company today announced that Mark Watt has joined the firm’s technology investment banking group as head of Internet and digital media banking. Mr. Watt will be based in the firm’s San Francisco office and will be responsible for expanding the firm’s investment banking services to public and emerging growth companies in the Internet and digital media sector by offering public and private financing and merger-and-acquisition advisory. Mr. Watt joins William Blair & Company with...
Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Against Bank of America Corporation [Press Release]
Business Wire | 87 days 21 hours 9 minutes ago
Coughlin Stoia Geller Rudman & Robbins LLP (“Coughlin Stoia”) (http://www.csgrr.com/cases/bankofamerica/) today announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Southern District of New York on behalf of purchasers of certain Bank of America Corporation (“BofA”) (NYSE:BAC) debt securities (the “Securities”) (http://www.csgrr.com/cases/bankofamerica/attachment_A.pdf) during the period between September 15, 2008 ...
To All Persons or Entities That Purchased or Otherwise Acquired Any of the Bond Class Securities of Merrill Lynch & Co., Inc. ('Merrill') Listed Below From the Dates They Were First Offered for Sale to the Public Through and Including January 15, 2009 [Press Release]
PRNewswire | 187 days 5 hours 9 minutes ago
...Acquired Any of the Bond Class Securities of Merrill Lynch & Co., Inc. ('Merrill') Listed Below From the Dates They Were...regarding the Merrill Bond Action: IN RE MERRILL LYNCH & CO., INC. SECURITIES, DERIVATIVE AND ERISA LITIGATION...
Bank of America Global Wealth and Investment Management Names Kunal Kamlani as Head of Global Investment Solutions, Chris Dupuy as Head of Institutional Investments and Philanthropic Solutions [Press Release]
PRNewswire | 29 days 22 hours 33 minutes ago
NEW YORK, Feb. 18 /PRNewswire/ -- Bank of America today announced organizational changes to its Global Wealth and Investment Management (GWIM) division designed to support the growth of its investment and retirement businesses and to deepen leadership in areas identified as being among its greatest strategic opportunities.
Allianz of America, Inc. and Its Affiliates Purchase a License under the Ronald A. Katz Technology Licensing, L.P. Patents [Press Release]
Business Wire | 52 days 6 hours 10 minutes ago
Ronald A. Katz Technology Licensing, L.P. announced today that Allianz of America, Inc. (AZOA), has purchased a license under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through its affiliate, A2D, L.P. AZOA is a holding company that provides services to the insurance affiliates of the Allianz Group in North America.
Fitch Affirms Merna Reinsurance's $1.2B Notes/Loans [Press Release]
Business Wire | 70 days 19 hours 4 minutes ago
Fitch Ratings has affirmed the ratings of $1.2 billion of Merna Reinsurance Limited's (Merna Re) outstanding notes and term loans as follows:
Leading Insurance Providers Purchase Licenses under the Katz Portfolio of Patents Which Cover Customer Service Operations [Press Release]
Business Wire | 52 days 6 hours 12 minutes ago
Ronald A. Katz Technology Licensing, L.P. announced today that three leading providers of insurance services have purchased licenses under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through its affiliate, A2D, L.P.
Fitch Places Bank of America's Individual Rating on Rating Watch Positive [Press Release]
Business Wire | 115 days 22 hours 2 minutes ago
Fitch Ratings has placed its 'D' Individual ratings for Bank of America Corp. (BAC) and its operating subsidiaries on Rating Watch Positive. Fitch has affirmed the Issuer Default Ratings (IDRs) of BAC and its subsidiaries, which are derived from U.S. government support and continue to carry a Stable Rating Outlook. Ratings of long and short-term deposits, long-term and short-term debt, and subordinated debt (with the exception of First Republic Bank; see below) are affirmed. These debt instru...
Correction: Fitch Places Bank of America's Individual Rating on Rating Watch Positive [Press Release]
Business Wire | 115 days 21 hours 8 minutes ago
(This is a correction of a release issued earlier today. It corrects the preferred stock rating given for BAC in the second paragraph to 'B+' from 'BB-'.)
Fitch Upgrades Bank of America's Individual & Preferred Ratings [Press Release]
Business Wire | 107 days 5 hours 55 minutes ago
Fitch Ratings has upgraded the individual, preferred and trust preferred ratings of Bank of America Corp. (BAC) and its subsidiaries as follows:
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Company Overview
| Company: | Merrill Lynch & Co., Inc. |
|---|---|
| Industry: | Retail Brokerages |
| Website: | http://www.merrilllynch.com |
Merrill Lynch (known as "The Bull") provides investment banking and brokerage services to retail, institutional, and government clients. The company operates in two segments: Global Investment Management (institutional investors and governments) and Global Wealth Management (private clients and small businesses). The company also owns 49% of asset manager BlackRock, which absorbed Merrill Lynch's Investment Managers division, uniting Merrill's equity and mutual fund offerings and BlackRock's fixed-income prowess. Taking "The Bull" by the horns, Bank of America acquired Merrill Lynch -- which reported more than $19 billion in losses in 2007 and 2008 -- for some $50 billion in stock in 2009.
Key Numbers
| Sales in U.S. Dollars (mil.) | 54,046 (2008) |
|---|---|
| One-year % Growth in Sales | -13.8 (2008) |
| Net Income in U.S. Dollars (mil.) | -27,612 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 9,700 (2008) |
| One-year % Growth in Number of Employees | -21.1 (2008) |
| Fiscal Year-End | December |
