… if one holds an over-par trust preffered--in my case, KRB -D (bought in 2008)--should one sell now, or hold on for continued interest payments? I should add that the KRB issues, at 500 million, are like a small mosquito in what BAC …
… level of preferred stocks, especially those with high coupons, it will be "redeeming" the Q and H series, as well as its KRB issues. Given that the 2 BAC series cannot be called before 2013 and then would require the use of capital, what price do people …
… Discover cards. Though the Supreme Court's conclusion was not a surprise, the final decision completely clears the way for MBNA KRB to begin issuing American Express cards in the near future. MBNA, the largest independent credit card issuer, was the first …
… credit-card lender. We don't believe this development will change our fair value estimates for number-two player MBNA KRB or the smaller yet formidable Capital One COF. Both MBNA and Capital One have unique strategies that cannot be overcome simply …
On Jan. 1, Bank of America BAC completed its acquisition of MBNA KRB . Per the terms of the agreement, MBNA shareholders received 0.5009 B of A shares and $4.125 in cash for each MBNA share …
… Wednesday that Bank of America BAC will process its own consumer card accounts when the bank completes its acquisition of MBNA KRB in 2006. We've put TSYS under review while we revisit the assumptions driving our fair value estimate. TSYS expects to lose …
… sticking with our fair value estimate for now. The two firms also confirmed that the existing partnership between Amex and MBNA KRB would continue after B of A completes its acquisition of MBNA at the end of this year. B of A will start issuing Amex cards …
… improved profitability. However, the firm also announced that it could lose some or all of its Bank of America BAC and MBNA KRB business after the bank's merger with the credit card firm early next year. MBNA processes some of its account in-house …
In what we expect to be its last quarterly earnings report as a stand-alone company, MBNA KRB announced Wednesday that third-quarter earnings came in at about $718 million, or $0.56 per share. We're sticking with …
Bank of America BAC is planning to buy MBNA KRB in a cash and stock deal valued at about $35 billion at the time of the announcement. This appears to be a reasonable purchase …