All articles tagged with #bac
Defense argues new BAC findings show Sean Higgins’s blood-alcohol content was .075 (plasma-tested) rather than the .087 claimed by prosecutors, potentially affecting the grand-jury indictment in the 2024 fatal crash that killed NHL star Johnny Gaudreau and his brother. Prosecutors will review the evidence, with a possible new indictment if they concede the discrepancy, and Higgins faces court updates on April 14 amid ongoing plea talks.
Oklo stock rose about 5% after Bank of America upgraded it to Buy and lifted its price target to $127, calling Meta’s long-term 1.2 GW energy deal a meaningful step forward and evidence of execution and partner commitment, even as the company posted wider Q3 losses and pushes to deliver its first Aurora nuclear reactor by 2028; analysts’ consensus remains a Moderate Buy with an average target around $126.89, implying roughly 41% upside from current levels.
Bank of America's trading business saw gains, but the company's elevated expenses and higher-than-expected charge-offs for soured loans failed to meet analyst expectations, with charge-offs totaling $1.5 billion, up 26% from the previous quarter, and exceeding analysts' estimates. Chief Financial Officer Alastair Borthwick noted that the increase in charge-offs on credit cards is a carryover from the previous quarter and is leveling off.
Bank of America (BAC) plans to increase its dividend by 9%, pending board approval, from 22 cents per share to 24 cents per share starting in the third quarter. The bank is expected to report second-quarter earnings of 85 cents per share on revenue of $25.16 billion. BAC's stock closed slightly higher after the announcement, trading at $29.17 after hours.
The driver who was charged in a fatal crash on his wedding night had a blood alcohol content (BAC) three times the legal limit, according to a toxicology report. The crash killed his wife and left him with serious injuries.