Bank of America News
News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.
57 min ago | MarketNewsVideo
The iShares Global Financials ETF is seeing unusually high volume in afternoon trading Monday, with over 331,000 shares traded versus three month average volume of about 26,000. Shares of IXG were trading flat on the day.
4 hrs ago | ABA Banking Journal
Raleigh, N.C.-based First Citizens BancShares Inc. was the only company that managed to break into the top 50 list of the largest U.S. banks and thrifts in the second quarter, following the company's June 10 announcement of its $676.4 million acquisition of Columbia, S.C.-based First Citizens Bancorp. Inc. The "big four" U.S. banks maintained positions, led by JPMorgan Chase & Co.
9 hrs ago | Learn Bonds
Earlier this month, Bank of America issued a brand new series of preferred stock . Its Series W non-cumulative preferred pays quarterly distributions of $0.4140625 in March, June, September, and December.
13 hrs ago | Seeking Alpha
Anyone who reads my articles knows I've been pounding the table to buy Bank of America for a long time now. I have maintained that BAC's issues are transitory - although they have been a little less transitory than I'd hoped - and that we'd eventually see the company earning billions upon billions and a higher stock price.
13 hrs ago | Business Journal
Large corporations such as Bank of America Corp. and Wells Fargo & Co. are working to reduce the size of their real estate portfolios and do a better job of making use of the space they have, according to a panel of real estate executives who spoke at a recent CoreNet Global event at Carmel Country Club.
Those who thought that last week's government bailout of Fannie Mae and Freddie Mac would stabilize the financial markets got a wakeup call this week. Lehman Brothers, the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create with the biggest bankruptcy filing in history.
Bank of America Corp. , one of the few large banks that isn't working on Alibaba Group Holding Ltd.'s initial public offering, has found another way to make a buck on the deal. The Charlotte , North Carolina-based bank is giving investors a chance to bet on Alibaba's performance by offering them a product that uses the e-commerce company's largest shareholder, SoftBank Corp. , as a basis for approximating Alibaba's valuation.
Recently, Fortune magazine published a list of the 500 biggest companies in America in 1812. Looking at the number of banks in the first five spots, it's easy to see that the financial sector was a driving force behind our fledgling country's economy.
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Large corporations such as Bank of America Corp. and Wells Fargo & Co. are working to reduce the size of their real estate portfolios and do a better job of making use of the space they have, according to a panel of real estate executives who spoke at a CoreNet Global event yesterday at Carmel Country Club.
Jim Cramer, yesterday on CNBC 's 'Mad Money has discussed two of his favorite financial picks: Bank of America Corp . Both companies show strong potential after revealing muscles in their numbers and appealing curves on their stock's valuation graphs.
The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 314.49, up 0.31%, with the index also advancing 4.32% in the last one month.
Big pharma companies are starved for growth, and are likely to make acquisitions to expand their pipelines. Cramer discussed small biotechs that could be takeover candidates.
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Goldman Sachs Group, Inc. , Citigroup Inc. , Bank of America Corp. , Wells Adding to the already intense regulations in the banking sector, the Federal Reserve intends to impose new stricter norms on the U.S. banking giants.
During the financial crisis, many banks issued warrants as part of the Troubled Asset Relief Program. Others issued warrants to entice investors to make riskier, but potentially more profitable, bets on a bank's stock.
Updated: Mon Sep 15, 2014 06:16 pm
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